Mon, 09 Oct 2023 | ADMINISTRATION
Administrators for collapsed bargain retailer Wilko Ltd have appointed national auction house John Pye & Sons to handle the sale of the brand’s plant and machinery. Jane Steer, Zelf Hussain and Edward Williams were appointed as joint administrators of the company in August, with its disappearance from UK high streets confirmed in September following the collapse of a rescue deal.
The joint administrators have now appointed John Pye & Sons to manage the sale of plant and machinery from the company’s two UK distribution centres in Worksop, Nottinghamshire and Newport, Wales, which cover 1.2 million sq ft and 880,000 sq ft, respectively.
Assets for sale in the auction comprise pallet racking, recycling and handling equipment. The items will all be sold via an online auction from Newport, as well as from various John Pye & Sons sites.
Charles Loake, associate director, joint head of John Pye Business & Property, said: "We are always very sorry to see a long-established business facing this situation. Wilko has earned a strong reputation as a much-loved high-street retailer over the years, and we will do our best to secure the best outcomes for these assets under these challenging circumstances.”
"We are also very proud that the administrators recognise us as a leading auctioneer with an extensive sales network. We have the systems and expertise to manage these assets with the highest level of efficiency through our online network. “
"Our UK-wide footprint of over 1,000,000 sq ft of sale space and a nationwide workforce of over 700 staff ensures we can handle the largest of insolvency cases."
Find out more about the collapse of Wilko:
Retailer Wilko falls into administration
Wilko set to disappear from high street as rescue deal collapses
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