It has been a staple of the British high street
This is the full list of Wilko stores in Northamptonshire as the store is on the brink of collapse. The firm has filed a Notice of Intention to appoint administrators potentially putting 12,000 jobs and 400 sites at risk.
The news comes as owners were reported to be exploring the sale of a controlling stake just last month, reports the Daily Mirror. In Northamptonshire, seven stores are at risk out of a total 408 across the UK. In a statement from CEO Mark Jackson today, the chain confirmed that the retailer was struggling to find a buyer which provided the "necessary liquidity" in the time it has available "given the mounting cash pressures" it was facing. He added that the retailer, which has been a staple of the British high street for over 90 years, had no other choice.
In his statement, Mark Jackson said: "While we can confirm we’ve had a significant level of interest, including indicative offers that we believe would meet all our financial criteria to recapitalise the business, at present. Unfortunately, with this in mind, today we’re having to take the difficult decision to file a NOI."Wilko has not yet filed for administration, but it shared that it intends to file for administration in the future.
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