Wilko Collapses Into Administration

[Baron99]

3 hours ago, Jack Grey said:

Apparently there's a £70m hole in the pension pot which I guess the taxpayer will have to pay 

 

Just like we did when Phillip Green sold off BHS for £1

My bold. 

 

As well as pension deficit, major shareholders were receiving in the region of £77 million in dividends over the past few years.  The administrators, PwC, are intending to quiz Wilko's senior management about it all. 

 

Now it's all falling apart & details are surfacing, appears to be down bad management decisions, not enough money going back into keep the business ticking over, not paying their dues & demands, including maintaining the pension fund, while at the same time managing to find plenty of money to pay shareholder dividends. 

Edited October 6, 2023 by Baron99

[El Cid]

11 hours ago, Baron99 said:

 

As well as pension deficit, major shareholders were receiving in the region of £77 million in dividends over the past few years.  The administrators, PwC, are intending to quiz Wilko's senior management about it all. 

 

Now it's all falling apart & details are surfacing, appears to be down bad management decisions, not enough money going back into keep the business ticking over, not paying their dues & demands, including maintaining the pension fund, while at the same time managing to find plenty of money to pay shareholder dividends. 

Another reason not to vote Tory, Labour need a solution to pension theiving.

[Jack Grey]

1 hour ago, El Cid said:

Another reason not to vote Tory, Labour need a solution to pension theiving.

Are you kidding?

 

Labour will empty the prisons not fill them 

[Baron99]

2 hours ago, El Cid said:

Another reason not to vote Tory, Labour need a solution to pension theiving.

We'd better make sure that we keep a closer eye on Gordon Brown this time round then hadn't we, should Labour win the next election?

 

Your average working man & woman can I'll afford him raiding the pension pots for a second time.  

Edited October 6, 2023 by Baron99

[BigPP]

1 hour ago, Jack Grey said:

Are you kidding?

 

Labour will empty the prisons not fill them 

Why do you say that, Jack?

[Jack Grey]

34 minutes ago, BigPP said:

Why do you say that, Jack?

Because they think that criminals are victims because they didn't get enough hugs as a child and a bike for Christmas

 

They want to hug hoodies not jail them 

[hackey lad]

1 minute ago, Jack Grey said:

Because they think that criminals are victims because they didn't get enough hugs as a child and a bike for Christmas

 

They want to hug hoodies not jail them 

I think that was one of Cameron's .

[BigPP]

12 hours ago, Jack Grey said:

Because they think that criminals are victims because they didn't get enough hugs as a child and a bike for Christmas

 

They want to hug hoodies not jail them 

Have a look at this Jack, As hackey lad said it was Cameron who wanted to hug a hoody.

 

[Guest]

7 minutes ago, BigPP said:

Have a look at this Jack, As hackey lad said it was Cameron who wanted to hug a hoody.

 

For some strange reason,  poor old Jack always gets everything the wrong way round.

[Jack Grey]

39 minutes ago, Organgrinder said:

For some strange reason,  poor old Jack always gets everything the wrong way round.

Don't worry you'll see

 

Liberals in America have pretty much destroyed every major city with drug use, homelessness and crime

 

And with millions illegally crossing the southern border 

 

With a Labour government the UK is next