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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff

Wilko collapse: regulators urged to try to claw back millions in dividends

A Wilko store advertising an administration sale
Wilko’s failure this summer resulted in 400 store closures and 12,000 job losses. Photograph: Christopher Thomond/The Guardian

UK regulators should “explore every option” to claw back millions of pounds in dividends paid to Wilko’s founding family before the budget retailer’s collapse in August, the chair of the Commons business and trade committee has said.

The Labour MP Liam Byrne made the comments days after Lisa Wilkinson, the company’s former chair and granddaughter of its founder, was grilled by the cross-party committee over Wilko’s failure, which followed £15m in payouts to the founding family trusts in the past nine years.

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