Administrators from PwC have revealed the locations of 52 Wilko stores this week after failing to secure a rescue deal of the collapsed retailer, which fell into administration last month.
Wilko, which had about 400 stores across the UK, is the largest retailer to collapse since the convenience store McColl’s, which employed 16,000 people, last year.
The retailer reported a £36.8m pre-tax loss at the end of January 2022, down from £2.5m profit in 2021, after a 3% fall in sales to £1.3bn. This was mostly due to the effects of lockdowns, supply chain disruption and a drop in consumer confidence.
EY is currently under scrutiny due to its oversight of the collapsed retailer after approving the company’s accounts despite being cautioned that Wilko lacked the necessary funds to withstand a significant sales drop.