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Insolvency and Administration
13:46, 6 SEP 2023
Full list of 52 Wilko shops that are closing
Insolvency and Administration
The business has around 400 stores and employed 12,500 people when it went under
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GMB union says 1,332 further jobs to go and 52 shops to close at collapsed retailer Wilko
Insolvency and Administration
Union said that PwC was still working with a bidder for Wilko 'who has made an offer for a significant part of business'
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B&M agrees to buy up to 51 Wilko stores in £13m deal
North West
B&M has been interested in snapping up part of the stricken chain since it entered administration last month
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B&M 'close' to acquiring 50 Wilko stores as hopes of rescue deal remain
North West
The move comes after the first round of potentially thousands of layoffs at the failed retailer was expected to start on Monday
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Pittards 'in advanced negotiations' following administrator appointment
Insolvency and Administration
The troubled leather goods manufacturer, which is based in Somerset, employs around 150 people in the Ƶ and 900 in Ethiopia
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Rising insolvency rates set to continue, North East experts say
Insolvency and Administration
Warning from R3 is mirrored by new report by the Cebr economic thinktank
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Redundancies set to start at Wilko today as hopes remain that shops will be saved
Insolvency and Administration
More than 250 jobs going as Canadian businessman who took over HMV in 2019 said to be in talks to save shops
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HMV owner finalising deal to save majority of Wilko stores
Insolvency and Administration
Canadian businessman who owns HMV in the Ƶ and Toys R Us in Canada is the front-runner
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Administrators called in to Grimsby fibre optics broadband firm
Insolvency and Administration
Telec Networks staff have transferred to a new employer
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Leading Welsh concert promoter Orchard Live ceases trading
Insolvency and Administration
The business had brought major acts to Wales including George Ezra
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Hundreds of jobs to go at Wilko – with more to follow
Insolvency and Administration
PwC said 'it is now clear that no viable offer structure put forward includes the group in its entirety'
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South West insolvency-related activity rises by 40 per cent, according to new research by R3
Insolvency and Administration
According to the Ƶ's insolvency and restructuring trade body there were 166 cases of insolvency-related activity in July 2023
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Reports suggest deal to save Wilko jobs has collapsed
Retail & High Street
Administrators at PwC still understood to be in negotiations with other interested parties, though
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Union fears Wilko redundancies could restart today
Insolvency and Administration
It is understood that private equity firm M2 Capital has made a £90 million offer to buy the retailer
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Union says redundancies on hold at Wilko as search for buyer continues
Insolvency and Administration
GMB says any redundancies at Wilko have been suspended while administrators considers 'multiple bids'
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Specialist Leisure Group liquidated after 2,500 jobs lost and debts of over £400m
North West
The company owned a number of hotel chains including Bay Hotels, Coast & Country Hotels and Country Living Hotels
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Administrators could start closing Wilko stores in weeks
Insolvency and Administration
PwC admitted “redundancies and store closures in the future” were “likely”
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North Yorkshire holiday lodge site on the market following owner's administration
Leisure & Touism
Roseberry View Lodge Retreat had launched in recent years
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THG rescued City AM for £1.5m as free newspaper entered administration owing millions
North West
City AM is distributed from about 400 travel hubs and commuter locations, as well as about 1,600 London offices
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Leather goods firm Pittards moves to protect sale process
Somerset
The troubled Somerset tannery is looking to find a buyer for the business and its assets
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Over 45,000 North West companies in 'significant financial distress'
North West
'Significant distress' refers to businesses showing deterioration in key financial ratios and indicators including those measuring working capital, contingent liabilities, retained profits and net worth
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Mass redundancies at Wejo as it entered administration leaves firm unable to file latest accounts
North West
Wejo also said it is still considering whether to file ancillary insolvency proceedings for all of its other companies in the group
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Millions owed by fire and security firm after collapsing into administration
North West
Creditors are expected to face a shortfall or not get any of their money back
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Rescue buyer sought for North East pharmacy group in administration
Insolvency and Administration
All of Northcare Limited and Medway Limited's shops across the region and Yorkshire remain open
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