Wilko's Closed For Business

The Great British Retail Institution "Wilko's" Is Closed

New Opportunities With Best-Switch Home Utilities For Redundant Wilko Staff Following The Company Closure Oct 2023

Wilko's Collapse

With the very sad collapse of the British retail institution Wilko's, or Wilkinson, it was reported in the Guardian that the business owed its suppliers £625,000,000 (£625 Million) [#1]. This will undoubtedly have a severe impact upon these smaller suppliers and their own businesses.

Hopefully, the collapse of Wilko's won't create a deck of cards collapse with these suppliers. Sky News reported [#2] that 10,700 loyal hardworking low paid staff have been made redundant, as if this isn't bad enough the Wilko's senior board also appear to failed to pay due contributions into the Wilko staff pension fund by circa £50,000,000 (£50Million) [#1]. 

It wouldn't be unreasonable to think that Wilko's board of Directors and the Wilko Family have mismanaged the Wilko retail organisation into the ground! Undoubtedly, the Wilko Board of Directors  [#3] will not lose their homes or face severe hardship from the collapse and the shareholders (including the Wilkinson family members) were reportedly paid more that £10 million in dividends [#5] just before the Board of Directors put the Wilko's retail business in Administration due to insolvency (unable to pay due debts)! You may wonder how this can be legal? 

It's also reported in "This is money" [#4] that Wilko family and shareholders had taken out some £77million in the years prior to the collapse, which was diverted to a separate business "Wilkinson Family Office" (AHWL - Amalgamated Holdings Wilkinson Ltd) [www.ahwl.co.uk] [#7] the Wilkinson Family Office [#8] with properties such as the lavish Colmore Row in Birmingham [#9] and the Wilkinson Future business 

Some may consider the moral compass to be adrift here, hopefully the responsible authorities will investigate and take any due action.[#6]