Wilko stores throughout the Northeast could be threatened with closure

Popular brand Wilko announced earlier this week that it had filed a letter of intent to appoint administrators, which could put thousands of jobs at risk.

The retailer sells everything from patio furniture to housewares to pet food and operates fourteen locations across the Northeast.

Continue reading: Wilko calls the administration and endangers 12,000 jobs

Now all 400 UK stores and the people who work in them could be at risk as bosses scramble to secure a deal.

Here is a list of all of the Wilko sites in the Northeast that may now be under threat:

Wilko Darlington, East Street

Wilko Thornaby, Vale House Pavillion Shopping Centre

Wilko Northallerton, 166 High Street

Wilko Middlesbrough, 17 Captain Cook Square

Wilko Redcar, 81 High Street

Wilko Newton Aycliffe, Aycliffe Shopping Centre

Wilko Bishop Auckland, Newgate Shopping Square

Wilko Hartlepool, Middleton Grange Shopping Centre

Wilko Peterlee, Castle Dene Shopping Centre

Wilko Durham, Arnison Shopping Center

Wilko Chester-le-Street, Osborne Road

Wilko Washington, Washington Galleries

Wilko Sunderland, Fawcett Street

Wilko Newcastle Upon Tyne, Nun Street

Following the news, Wilko Chief Executive Mark Jackson said: “While we can confirm that we have had significant interest, including indicative offers, which we believe would meet all of our financial criteria to recapitalize the company, we do currently not.” Given the increasing liquidity pressures we are facing, we do not currently have an offering that will provide the required liquidity in the time available to us.

“Unfortunately, against this background, we have to make the difficult decision today to submit a letter of intent.

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“We will continue to advance discussions with interested parties with the goal of completing a transaction that preserves business and encourage the interested parties with whom we are in discussions to move forward as quickly as possible.

“We remain confident that our robust turnaround plan with ongoing cost savings as we re-stabilize will result in a profitable Wilko and maximize the significant opportunities we know exist.”

Established in 1930 from a single hardware store, Wilko received a £40million lifeline from Hilco UK, the owner of Homebase, this year.

https://www.thenorthernecho.co.uk/news/23704497.wilko-stores-across-north-east-face-closure/?ref=rss Wilko stores throughout the Northeast could be threatened with closure


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