Rumour? is Wilko's going into administration?

[The Baron]

Not looking good if some landlords say no and are not paid rent they will repossess their properties

 

[marshbrewer]

Possibly, but there is a lot of capacity in the commercial retail property sector, with many empty units. The landlords might be happier with x% of the original lease rather than an empty unit a nothing at all.

 

[The Baron]

only time will tell if they will reduce/re-negotiate the rents let hope they do not go under

 

[Chippy_Tea]

With the way things are going on the high-street i think they will take a hit rather than earn nothing and end up with an empty unit.

 

[Sandimas]

Well, good news (for me at least): wandered into Wilko today and the homebrew section was back and fully stocked, loads of yeast, kits etc. Better than I've seen it for years. The rest of the shop was pretty well stocked too.

 

[Rodcx500z]

As i understand it under the rules of a cva they have to get 75% of creditors on board

 

[Slid]

As i understand it under the rules of a cva they have to get 75% of creditors on board

As the unsecured creditors would also get absolutely nothing if a retailer went bust, this may not be much of an issue in practice.

 

[dad_of_jon]

In wilkos parc trostre there were 3 bags of medium spraymalt two of which were totally battered, 1 kit and a pack of yeast. I bought the medium spraymalt but really wanted light. looked to me like HB was being discontinued. I hope I'm wrong.

 

[micklupulo]

Breaking news PWC called in so the rumours were well founded!

 

[GhostShip]

Wilko have filed an NOI (Notice of Intent) to appoint administrators.

 

[Nashbrew]

Ordered some yeast, supposed to be here tomorrow.
Fingers crossed

 

[Steve.]

https://www.bbc.co.uk/news/business-66395824

 

[user 48640]

Well, it's not a rumour anymore

 

[Benfleet Brewery]

https://www.theguardian.com/busines...-makes-administration-move-risking-12000-jobs

 

[MashBag]

One has to ask why the BBC don't have a login here... We knew 6+ months ago

 

[Branny]

One has to ask why the BBC don't have a login here... We knew 6+ months ago

Aye, Boots is next I reckon. Only ever see people get a sandwich, lemsip and methadone. It's a good meal deal when you include the advantage points.

 

[RichardM]

Aye, Boots is next I reckon. Only ever see people get a sandwich, lemsip and methadone. It's a good meal deal when you include the advantage points.

Is the sandwich the "main", the lemsip the "drink" and the methadone the "snack"?

 

[gyurmaember]

Aye, Boots is next I reckon. Only ever see people get a sandwich, lemsip and methadone. It's a good meal deal when you include the advantage points.

It won't be a big loss, they not able to sort out repeat prescriptions anymore. Bunch of muppets.

 

[marshbrewer]

I amazed boots survives, it seems to be having it's **** handed to it on a plate by Superdrug & the supermarkets collectively.

 

[Jim Brewster]

Aye, Boots is next I reckon. Only ever see people get a sandwich, lemsip and methadone. It's a good meal deal when you include the advantage points.

The only time I've seen anyone getting sandwiches in Boots was when someone was stealing them