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 pristine collection from the 1960s and 1970s could net owner Doug Carpenter a packet if they sell at auction today.
Benedict Cumberbatch heads up a group of all-star actors who have shot short films in defence of the Act.
A modified version of the herpes virus has proved a major success in phase III clinical trials.