With insufficient funds raised from the winding down of electrical chain Comet, it will fall to the Government's Redundancy Payments Service to meet £23.2 million of outstanding redundancy pay, accrued holiday pay and pay in lieu of notice.
According to a new Deloitte report, the chain racked up losses of £95 million in the year to April, having seen revenues slump by £200 million on a year earlier.
This was followed by a further £31 million loss in the subsequent five months as credit insurers lost confidence and withdrew support for the business.
More top news
The government is set to announce that David Cameron's successor will make the decision on whether to expand Heathrow or Gatwick.
Michael Gove is to stand for the Conservative Party leadership, saying he does not believe Boris Johnson can "provide the leadership".
Sevdet Ramadan Besim planned to behead a police officer and attach explosives to a kangaroo at Australia's major ANZAC Day parade.