Jane Steer, Zelf Hussain and Edward Williams of PwC have been appointed as Joint Administrators of WHSL Realisations Limited (formerly Wilkinson Hardware Stores Limited), WL Realisations (2023) Limited (formerly wilko Ltd) and W.com Realisations Limited (formerly wilko.com Ltd) ( “the Companies” or “Group” or “wilko”).
The appointment was made on 10 August.
wilko is a British high-street retail chain founded in 1930 which sells homeware and household goods. The Group, with headquarters in Worksop, Nottinghamshire, has 400 stores across the UK and approximately 12,500 employees.
The Group has been hit by incredibly challenging trading conditions, both throughout the pandemic and more recently as it has felt the impact of the cost of living crisis, resulting in increasing cashflow pressure and a deterioration in trading.
Regrettably, despite the ongoing conversations with interested parties, the Administrators have announced a number of store closures and redundancies.
Jane Steer, Zelf Hussain and Edward Williams have been appointed as Joint Administrators of WL Realisations (2023) Limited (formerly known as wilko Limited) and WHSL Realisations Limited (formerly known as Wilkinson Hardware Stores Limited) to manage their affairs, business and property as their agents and act without personal liability. All are licensed in the United Kingdom to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales. The Joint Administrators are bound by the Insolvency Code of Ethics which can be found at: https://www.gov.uk/government/publications/insolvency-practitioner-code-of-ethics.
The Joint Administrators may act as controllers of personal data as defined by UK data protection law depending upon the specific processing activities undertaken. PricewaterhouseCoopers LLP may act as a processor on the instructions of the Joint Administrators. Personal data will be kept secure and processed only for matters relating to the Joint Administrators’ appointment. Further details are available in the privacy statement on the PwC.co.uk website or by contacting the Joint Administrators.
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