Budget retailer Wilko set to call in administrators, risking 12,000 jobs

Household goods retailer with about 400 stores files notice of intention as it tries to secure finances

Budget retailer Wilko has said it plans to appoint administrators in a move that could put 12,000 jobs at risk.

The household and garden products retailer, which has about 400 stores, said in a notice of intention filed at the high court on Thursday that it had appointed the advisory firm PricewaterhouseCoopers in recent months to try to find a buyer in an attempt to secure additional cash needed to keep trading.

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