Four stores across Oxfordshire are at risk of closing after budget retailer Wilko went into administration this morning.

The stores affected are in Oxford, Didcot, Bicester and Banbury.

The discount household goods chain- which has been on the high street for over 90 years- has around 400 stores across the UK.

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Wilko’s collapse has put around 12,000 jobs at risk across the UK.

The company filed a notice of intention to appoint administrators earlier this month.

Wilko’s chief executive Mark Jackson said that although they had had a significant level of interest they did not have an offer that provides the ‘necessary liquidity.’

The company was founded in Leicester by James Kemsey Wilkinson in 1930, and remains in the ownership of the founding family.