Wilko has said it plans to appoint administrators, putting about 12,000 jobs at the high street retailer at risk.The boss of the homeware and hardware chain said it is expected to enter insolvency after failing to secure a takeover to help the business with "mounting cash pressures".Wilko, which has about 400 shops, filed a notice of intention to appoint administrators at the High Court on Thursday.

Wilko has said it plans to appoint administrators, putting about 12,000 jobs at the high street retailer at risk.The boss of the homeware and hardware chain said it is expected to enter insolvency after failing to secure a takeover to help the business with "mounting cash pressures".Wilko, which has about 400 shops, filed a notice of intention to appoint administrators at the High Court on Thursday.