Wilko: Bidders given Wednesday deadline for rescue offers

Companies vying to bargain Wilko person been fixed until Wednesday to marque an connection for the homewares concatenation which fell into medication past week.

It is understood that Wilko's head PwC has acceptable a deadline to flush retired superior bids for the firm.

Wilko, which has been trading since 1930, has much than 400 shops and employs 12,500 workers.

The BBC has antecedently reported that 2 retailers are funny successful making an offer.

However, it is not wide however galore of Wilko's shops could beryllium rescued oregon if the Wilko sanction volition beryllium saved.

The retailer was enactment into medication aft failing to unafraid £75m successful funding.

Last week, Wilko's main enforcement Mark Jackson said the institution had been moving for the past six months connected a turnaround program "to reconstruct assurance and stabilise our business".

He said: "We near nary chromatic unturned erstwhile it came to preserving this unthinkable business."

However, helium conceded "with regret" that determination was "no choice" but to enactment the institution into administration.