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Insolvency and Administration

FRP acquires indie Sheffield insolvency specialist Wilson Field Group
Deals
It is the seventh acquisition since FRP launched on the London Stock Exchange in 2020
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End for Wilko as administrators confirm closure of all stores and loss of thousands of jobs
Retail & High Street
Wilko brand – and more than 400 stores – will now most probably disappear from the UK high street
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Union now fears all 12,500 jobs to go at Wilko and all 400 shops to shut
Insolvency and Administration
GMB union said they had been told today that branches would start going in October
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Bid by HMV owner to save up to 200 Wilko stores collapses
Insolvency and Administration
So far more than 1,300 Wilko redundancies have been announced
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Pittards employees to be made redundant as administrators fail to secure deal
Employment
The troubled leather goods manufacturer, which is based in Somerset, employs around 150 people in the UK and 900 in Ethiopia
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Five Wilko stores to close in the South West
Insolvency and Administration
The business has around 400 stores and employed 12,500 people when it went under
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Full list of 52 Wilko shops that are closing
Insolvency and Administration
The business has around 400 stores and employed 12,500 people when it went under
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GMB union says 1,332 further jobs to go and 52 shops to close at collapsed retailer Wilko
Insolvency and Administration
Union said that PwC was still working with a bidder for Wilko 'who has made an offer for a significant part of business'
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B&M agrees to buy up to 51 Wilko stores in £13m deal
North West
B&M has been interested in snapping up part of the stricken chain since it entered administration last month
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B&M 'close' to acquiring 50 Wilko stores as hopes of rescue deal remain
North West
The move comes after the first round of potentially thousands of layoffs at the failed retailer was expected to start on Monday
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Pittards 'in advanced negotiations' following administrator appointment
Insolvency and Administration
The troubled leather goods manufacturer, which is based in Somerset, employs around 150 people in the UK and 900 in Ethiopia
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Rising insolvency rates set to continue, North East experts say
Insolvency and Administration
Warning from R3 is mirrored by new report by the Cebr economic thinktank
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Redundancies set to start at Wilko today as hopes remain that shops will be saved
Insolvency and Administration
More than 250 jobs going as Canadian businessman who took over HMV in 2019 said to be in talks to save shops
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HMV owner finalising deal to save majority of Wilko stores
Insolvency and Administration
Canadian businessman who owns HMV in the UK and Toys R Us in Canada is the front-runner
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Administrators called in to Grimsby fibre optics broadband firm
Insolvency and Administration
Telec Networks staff have transferred to a new employer
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Leading Welsh concert promoter Orchard Live ceases trading
Insolvency and Administration
The business had brought major acts to Wales including George Ezra
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Hundreds of jobs to go at Wilko – with more to follow
Insolvency and Administration
PwC said 'it is now clear that no viable offer structure put forward includes the group in its entirety'
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South West insolvency-related activity rises by 40 per cent, according to new research by R3
Insolvency and Administration
According to the UK's insolvency and restructuring trade body there were 166 cases of insolvency-related activity in July 2023
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Reports suggest deal to save Wilko jobs has collapsed
Retail & High Street
Administrators at PwC still understood to be in negotiations with other interested parties, though
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Union fears Wilko redundancies could restart today
Insolvency and Administration
It is understood that private equity firm M2 Capital has made a £90 million offer to buy the retailer
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Union says redundancies on hold at Wilko as search for buyer continues
Insolvency and Administration
GMB says any redundancies at Wilko have been suspended while administrators considers 'multiple bids'
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Specialist Leisure Group liquidated after 2,500 jobs lost and debts of over £400m
North West
The company owned a number of hotel chains including Bay Hotels, Coast & Country Hotels and Country Living Hotels
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Administrators could start closing Wilko stores in weeks
Insolvency and Administration
PwC admitted “redundancies and store closures in the future” were “likely”
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North Yorkshire holiday lodge site on the market following owner's administration
Leisure & Touism
Roseberry View Lodge Retreat had launched in recent years
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