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
Searing heat surges it's way in, then pouring down as we start July.
It's been a remarkable week for the US President as he enters the final stage of his presidency.
The two brightest planets in the solar system will appear close to collision tonight, an illusion caused by line of sight.