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 newly appointed manager dipped into his famous reserves of self-confidence in his first TV interview since his arrival at Old Trafford.
A report has revealed that the DNA records of more than 800 terror suspects have been wrongly deleted.
The family of two little girls who were left paralysed following a crash say they will never forgive the driver who caused the collision.