Wilko Ltd. - Administration

Wilko Ltd., a discount retailer which currently employs about 12,000 people at 400 stores across the UK, together with Wilkinson Hardware Stores Ltd and Wilko.com Limited, have entered administration after filing a notice of intention to appoint administrators on 27 July 2023 but failing to agree a rescue deal. Jane Steer, Zelf Hussain and Edward Williams of PwC, who were formally appointed as Joint Administrators on 10 August, said they will continue to seek a buyer for all or part of the business. Stores will stay open with no immediate redundancies as talks with interested parties continue. Shoosmiths, led by corporate restructuring insolvency team head James Keates and supported by Aaron Harlow and Lee Sennett, are acting for the Joint Administrators. Huk 117 Limited, Wilkinson Group Rbs Trustees Limited, Barclays Bank PLC and Trw Pensions Trust LTD have registered charges against the company.