Nottinghamshire retailer, Wilko has filed a notice of intention to appoint administrators.
The UK’s 23rd biggest retailer, Wilko employs 16,000 team members and operates 400 stores across the UK.
The future of the company has been under threat for some time, with conversations having been undertaken for funding and CVA options explored.
Just last month (July 2023), retail investor Hilco was reported to be injecting millions of pounds of funding into the business, agreeing to lend around £5m, according to Sky News. It followed the £40m two-year revolving credit facility Wilko secured from Hilco at the beginning of 2023.
Reports also recently unveiled a potential change in ownership for Wilko, which would have seen the Wilkinson family give up majority control.
