Comet

Comet the electronics retailer became insolvent in 2012 after Administrators Partners in Deloitte LLP – Neville Barry Kahn, Nicholas Guy Edwards and Christopher James Farrington were appointed as Joint administrators declared the company bankrupt. The company went into administration as the credit crunch made it harder to sell products, increased competition from companies such as Tesco made life harder when Tesco announced it would be trialling non-food goods such as electrics.

• Administrators: Partners from Deloitte LLP
• Year Founded: 1933
• Total Number of Employees: 6,895
• Total Number of Jobs Lost: 6,500
• Number of Retail Shops: 240
• Managing Director/CEO: George Hollingberry