Fri, 09 Nov 2012 | ADMINISTRATION
Comet's administrators have launched a liquidation sale, ahead of possible store closures next week.
The electrical retailer's appointed administrators, Deloitte, have started to get the business in order and the sale will play a major role in winding things up. Some stores are expected to close as early as next week so there is a real rush to get rid of stock and salvage whatever possible from the sale.
Customers have been told that gift vouchers will be accepted but warned that goods ordered before the company entered administration that have not been paid for will not be delivered.
Deloitte had planned to find a buyer for Comet. However, it appears that time is starting to run out and rumour is rife that the firm is set to start closing some of its 200-plus shops.
A spokesman for the administrators told the PA: “We are not commenting on market speculation about store closures.”
If stores do close, staff will have the chance to transfer jobs. The owner of PC World and Currys has delayed the usual Christmas recruitment drive, in which it usually takes on around 2,000 staff, to offer workers from Comet the chance to take up the jobs.
Trusted by McLaren, NATO, Facebook & more. 50%+ profit margin, 30K active contacts, and strong web presence (150K+ clicks). Delivers high-impact training in Premiere Pro, AutoCAD, Unreal Engine, and more. Huge potential for trade buyers. Rare chance...
Discover the rare opportunity to acquire a well-established vehicle transportation agency in Nottingham, renowned for its impressive year-on-year turnover growth and profit margins.
This long-established, family-run butchers and bakery, operating from the same location for 130 years, offers a blend of history, reliability, and modern appeal, serving both retail customers and sectors like hospitality and education.
FREEHOLD
24
|
Jun
|
Liquidators seeking buyers for assets and IP of Oxford medtech firm | ADMINISTRATION
Liquidators appointed to a collapsed medical technology (med...
24
|
Jun
|
Legacy insurer acquired by Marco Capital | BUSINESS SALE
Marco Capital Holdings Limited has acquired UK-based legacy ...
24
|
Jun
|
IT and comms provider Flotek completes latest acquisition | BUSINESS SALE
Flotek Group, an acquisitive managed IT and communications s...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.