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The Guardian - UK
The Guardian - UK
Business
Sarah Butler

Wilko owners took £3m in dividends despite £37m losses

Wilko store
Wilko said trading conditions remained challenging. Photograph: Maureen McLean/Rex/Shutterstock

The owners of Wilko took £3m in dividends this past year despite the cut price chain falling almost £37m into the red before seeking emergency funding.

The homewares-to-cosmetics retailer, whose managing director Alison Hands is to exit in January, about 18 months after taking the job, is understood to be trying to secure a £30m debt facility with alternative lenders.

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