Wilko to call in administrators: what went wrong?

Wilko filed a notice of intent to appoint administrators today, putting 12,000 jobs at risk in a move that seemed sadly inevitable in recent months.
Over the past year the business has struggled with a lack of cash and poor availability, which had led to many shoppers ditching the retailer.
In recent weeks, the retailer’s owners had been exploring a sale of a controlling stake as it raced to secure the chain’s future. Although there had been a “significant level of interest&rdq