Rumour? is Wilko's going into administration?

[Sadfield]

and the methadone the "snack"?

It's very morish.

 

[user 48640]

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

Just wondered why you said NOI and then spelled it out but not used it again? Wouldn't it just be easier to say "Wilko have filed a Notice of Intent" and saved yourself 5 characters?

Sorry. Just being pedantic.

 

[MashBag]

Full marks

One of our local boots had a cracking collection of rude staff, probably the best you can find anywhere

 

[Jim Brewster]

Full marks

One of our local boots had a cracking collection of rude staff, probably the best you can find anywhere

Used to be the post office but they've closed a few branches

 

[Chippy_Tea]

Just wondered why you said NOI and then spelled it out but not used it again? Wouldn't it just be easier to say "Wilko have filed a Notice of Intent" and saved yourself 5 characters?
Sorry. Just being pedantic.

Probably best to keep thoughts like this to yourself especial as its only your second post here, pulling a member of 7 years with 1,113 posts and 885 likes for posting an abbreviations meaning is not going to do you any favours!

 

[Rodcx500z]

idasbtsioftwdu, i do abbrevation's sometimes but then spell it out for those who don't understand

 

[YeastFace]

Was in Walton-on-Thames for a car service so popped into their Wilko. Decent level of stock generally, got the last two bags of dextrose and going to have a go at Hard Seltzer.

 

[soupdragon]

idasbtsioftwdu, i do abbrevation's sometimes but then spell it out for those who don't understand

Took me a while but I got it in the end

Cheers Tom

 

[Northern_Brewer]

Just wondered why you said NOI and then spelled it out but not used it again? Wouldn't it just be easier to say "Wilko have filed a Notice of Intent" and saved yourself 5 characters?

Sorry. Just being pedantic.

It would have saved six characters.

Yours, pedantically,

NB

 

[Chippy_Tea]

It would have saved six characters.

Wouldn't it just be easier to say "Wilko have filed a Notice of Intent" and saved yourself 5 characters?

I thought it added 26

 

[The Baron]

Probably best to keep thoughts like this to yourself especial as its only your second post here, pulling a member of 7 years with 1,113 posts and 885 likes for posting an abbreviations meaning is not going to do you any favours!

I think the reason the poster has done this is so that any further referal in their or other members posts can use the abbreviation to save typing it longhand.
Sorry just being pedantic

 

[The Baron]

Wilko's have just announced 14 stores to close

 

[AlBrew]

Here's a list;

https://uk.news.yahoo.com/list-wilko-stores-close-retailer-110635636.html

 

[Nashbrew]

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

They cancelled my order ,so far not refunded

 

[Chippy_Tea]

Here's a list;

https://uk.news.yahoo.com/list-wilko-stores-close-retailer-110635636.html

Ours isn't on it, I wonder how long before the axe falls on all of them.

 

[Nashbrew]

They cancelled my order ,so far not refunded

Amazing got a refund from my cancelled order.

 

[Nashbrew]

Looks like the death knell will happen today.
https://www.retailgazette.co.uk/blog/2023/08/wilko-administration-today/

 

[LeeH]

Just announced.

 

[Chippy_Tea]

Wilko to stay open for now in race to save jobs​

Wilko, the High Street homeware retailer, has collapsed into administration after failing to secure a rescue deal.

The chain has so far been unable to find enough emergency investment to save its 400 shops and 12,500 workers.
The stores will stay open for now, without any immediate job losses, and staff will continue to be paid.
PwC has been appointed as administrator and will continue to look for a buyer for all or part of the group.
Jane Steer of PwC said that Thursday's announcement is "an unsettling development for everyone involved with the business - particularly its committed team members - and the communities it serves across the region".
In a separate statement, Wilko's boss, Mark Jackson, said management had "left no stone unturned" in its attempts to save the company.
"But we must concede that with regret, we've no choice but to take the difficult decision to enter into administration," he said.
If a firm fails to buy any of the shops or parts of the business out of administration, Wilko, which was founded in 1930, risks becoming the biggest High Street casualty this year.

• What has gone wrong at Wilko?
• Struggling Wilko suspends home delivery orders

The GMB union said the collapse was "entirely avoidable".
National officer Nadine Houghton said: "GMB has been told time and time again how warnings were made that Wilko was in a prime position to capitalise on the growing bargain retailer market, but simply failed to grasp this opportunity."
Although the business has been struggling for some time, the depths of its problems emerged last week when it announced its intention to appoint administrators.
This gave Wilko 10 days to secure a rescue. However, it was unable to strike a deal within that timeframe.
PwC said that it will carry on conversations with investors who may be interested in taking on all, or part of, the business.
If no resolution is found though, it said that store closures and redundancies could follow.
Mr Jackson said Wilko had received a "significant level of interest" which he said included "indicative offers that we believe would meet all our financial criteria to recapitalise the business".
But he said: "Without the surety of being able to complete the deal within the necessary time frame and given the cash position, we've been left with no choice but to take this unfortunate action."
Wilko has been struggling with sharp losses and a cash shortage.
The company already borrowed £40m from Hilco, the restructuring specialist. It has previously cut jobs, changed its leadership team and sold off a distribution centre.

BBC News

 

[SteveWTBD]

I guess it will take a while for the administrators to work out what to do, but if they don’t start selling quickly they won’t have much to sell apart from a name and some stock.

I just had a look on their website and nothing is available for delivery.

I’m guessing Munton’s et al will be owed a fair chunk. It will be interesting to read the administration report to see how much they owe their home brew suppliers.