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Wilko’s Homeware Expected To Enter Insolvency

Wilkos Homeware also known as Wilkinson’s has announced that they’re expected to enter insolvency because of mounting cost pressures.

The company has officially filed a “notice of intention” to appoint administrators after failing to find enough investment.

Wilkos currently employ approximately 12,000 people within their current 400 UK stores.

Sadly a victim of the cost of living crisis leaving customers, possibly the effects of the pandemic have caused a downturn in profits confirming that stores are unable to pay expensive store leases.

Wilkos announced in January that they had to make the hard decision to close some existing stores with some closing in February.

Wilkos have officially announced that they’re expected to enter insolvency after failing to secure a takeover which would have helped the business to cope with ‘mounting cash pressures.

My thoughts are with all Wilko’s employees that at the time of writing are facing unemployment many of which have worked for the company for years.

My Photo Ashton Under Lyne Store.
My photo Ashton Under Lyne Store.

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