It has been a tough few weeks for staff at Wilko, with the first round of potentially thousands of job cuts at the failed budget retailer due to start this week despite hopes remaining of a rescue deal for parts of the business.
However, the picture is rosier for its biggest creditor, the restructuring specialist Hilco Capital, which in recent years has made its name through dealings with some of the best-known British retailers, from Habitat to Homebase.