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PRIVACY
Retail & Consumer

Wilko assets being sold off at auction

The 93-year-old discount retailer has now shut its 400 º£½ÇÊÓÆµ stores after tumbling into administration in August

The Wilko distribution centre in Worksop

Assets from the failed Wilko retail empire are going under the hammer. Nottingham-based John Pye Auctions has been appointed to manage the sale of plant and machinery from the chain’s two distribution centres in Worksop, Nottinghamshire, and Newport, Wales.

Items such as recycling and handling equipment, waste compactors, conveyor systems, IT and photographic studios are being sold via online auction from Newport, as well as across various John Pye sites.

The 93-year-old discount retailer has now shut its 400 º£½ÇÊÓÆµ stores after tumbling into administration in August.

The final 41 stores closed at the end of trading on Sunday and almost all of Wilko’s 12,500 workers have been made redundant.

John Pye said it was also selling pallet racking from both distribution centres, with the auctioneer saying it had already had interest from high street retailers and logistics companies.

Charles Loake, associate director and joint head of John Pye Business & Property, said: “The wilko staff we have been fortunate to work with have been a true credit to the firm to the very end, supporting us with all stages of the asset removal and sale processes.

“We are always very sorry to see a long-established business facing this situation. Wilko has earned a strong reputation as a much-loved high-street retailer over the years, and we will do our best to secure the best outcomes for these assets under these challenging circumstances.

“We are also very proud that the administrators recognise us as a leading auctioneer with an extensive sales network. We have the systems and expertise to manage these assets with the highest level of efficiency through our online network.