No Match Found
Since their appointment on 10 August, the joint administrators have explored all potential opportunities to save the business. They have worked closely with wilko, its employees and suppliers, to fully understand the structure, implications and viability of a number of offers received for all or parts of the Group.
However, despite extensive efforts, it has become clear that no significant part of the wilko operations can be rescued as a going concern. As a result, the joint administrators have today informed all staff that they will sadly commence the closure of all wilko stores, the two distribution centres and the cessation of the majority of activities of the Support Centre. It is anticipated that all stores will be closed by early October, resulting in the redundancies of a further 9,100 employees in those stores.
Staff at 124 stores have today been informed that those outlets will close on, or before, Thursday 21 September. The locations of these stores and their final dates of trading are detailed below. Timings for the closure of the remaining 222 stores will be announced in due course.
The closure of distribution centre (DC) operations is expected to take place on Friday 15 September, with the majority of the remaining 886 DC employees being made redundant on that date. Further redundancies of the remaining 210 support centre employees will take place during September and early October as operations wind down.
The administrators’ dedicated employee team will continue to help provide support, including assisting in the statutory redundancy claims process and ensuring the dedicated employee helpline remains in place to address any employee queries. Company support systems with access to further advice and resources will remain active.
The administrators continue to liaise closely with the government, agencies, unions and large employers to help create avenues to further employment opportunities for staff, with the aim of helping team members quickly return to employment. This includes any and all transactions that may lead to stores opening quickly under other brands as a platform for future employment.
Zelf Hussain, joint administrator, says:
“Despite the significant and intensive efforts of both ourselves and Putman Investments - the remaining party interested in buying a significant part of the business as a going concern - a transaction could not be progressed due to the inability to reduce central infrastructure costs quickly enough to make a deal commercially viable.
“The dedication shown by all team members during this period has been hugely humbling and we are grateful for the patience and understanding they have shown. As with those who have already been given notice of redundancy, we will guide and support those team members impacted over the coming weeks through the redundancy claims process. We also continue to collaborate closely with relevant agencies and engage with any potential employers to help facilitate a quick return into new employment for those impacted.
“We continue to work with potential buyers for different parts of the business and are confident of completing transactions in the coming days.”
Notes to editors
On 10 August, Zelf Hussain, Jane Steer and Edward Williams of PwC were appointed as joint administrators of Wilkinson Hardware Stores Ltd, Wilko Ltd and Wilko.com Ltd ( “the Companies” or “Group” or “wilko”), a retailer selling homeware and household goods.
The following 38 stores will close on Sunday 17 September with final day for employees on Tuesday 19 September: Accrington, Ashington, Blackwood, Bognor Regis, Bradford, Bury St Edmunds, Coalville, Crawley, Droylsden, Ellesmere Port, Falkirk, Ferndown, Hanley, Humberstone, Huyton, Kensington High Street, Kings Heath, Lakeside, Leigh, Letchworth, Maidenhead, Market Harborough, Melton Mowbray, Newport, Orpington, Pontefract, Pontypool, Redruth, Rugeley, Shirley, Southport, Sovereign Harbour, Torquay, Wimbledon, Wombwell, Woodhouse Lane - Leeds, Worcester, Workington.
The following 38 stores will close on Tuesday 19 September with final day for employees on Wednesday 20 September: Aberdare, Alfreton, Ashby, Barnstaple, Belper, Beverley, Blackheath, Brigg, Byker, Chepstow, Clifton Nottingham, Colindale, Devizes, Didcot, Earlestown, East Ham, Great Bridge, Greenbridge, Grimsby, Hessle Road - Hull, Jarrow, Kimberley, Leighton Buzzard, Long Eaton, Maesteg, Matlock, Middleton, Newton Abbot, Redcar, Ripley, Seaham, Sherwood, Stamford, Stevenage, Swanley, Tamworth, Wrexham, Wythenshawe.
The following 48 stores will close on Thursday 21 September with final day for employees on Friday 22 September: Allestree, Andover, Bedford, Beeston, Bicester, Bloxwich, Bolton, Bordon, Bransholme, Bridgend, Bury, Carlton, Clacton on Sea, Cramlington, Crewe, Cwmbran, Cyfarthfa, Denton, Driffield, Droitwich, Edmonton Green, Farnborough, Fort Kinnaird, Fulham, Gateshead, Gorleston, Grays, Greenock, Havant, Hereford, Hillsborough, Holyhead, Newton Aycliffe, Northampton, Orton, Parc Trostre Llanelli, Penge, Peterlee, Pwllheli, Shrewsbury, Slough, Swindon, Tamworth Retail Park, Taunton, Walton on Thames, Wheatley Retail Park, Wigan, Wolverhampton.
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