Wilko set to call in administrators

The household and garden products supplier had appointed PwC in recent months in a bid to secure additional cash, with the retailer having struggled amid the tough economic climate.

 
Chief executive Mark Jackson said the company was left with no choice but to take this action but hopes to find a solution as quickly as possible, saying it would continue to talk with interested parties about options for the business. In the announcement, Wilko did, however, not confirm whether or not any jobs would be affected.  

It did add some offers had been received but none that provided enough cash within the time needed.  

in response to the news, GMB national secretary said: “This is extremely concerning but we remain hopeful that a buyer can be found.

“Wilko’s staff deserve reassurance that their jobs are safe. We hope this is the number one priority going forward.”