Harrogate branch of Comet to close

Comet is to begin shutting 125 stores nationwide.
Comet is to begin shutting 125 stores nationwide.

The Harrogate branch of Comet is expected to close on Saturday, December 8.

12 full and part-time staff at the West Park store have been given the provisional date, as the chain, which entered administration on November 2, moves to shut a further 125 stores after initial closures earlier in November.

Business advisory firm Deloitte has so far been unable to find a suitable buyer.

Chris Farrington, Joint Administrator, commented: “We remain in discussions with a small number of interested parties and hope that a positive outcome can still be achieved.

“Should any acceptable offers be received for stores we will delay the closure process.

“Unfortunately, in the absence of a firm offer for the whole of the business, it has become necessary to begin making plans in case a sale is not concluded.

“If a sale is not possible we would envisage stores to begin closing in December.”

Administrators are offering help to concerned employees.

Farrington said: “We remain extremely grateful to the Company’s employees for their commitment and support during a period of concern and anxiety for them.

“All employees will be paid for the work they do while the Company is in administration and I can confirm that any accrued holiday pay, overtime and bonus earned during the Administration trading period, together with the pre-Administration bonus that was owed to employees at the time of our appointment, will be paid to employees as previously stated.

“A dedicated helpline is in place for all employees and the Company is running an Employee Assistance Programme to help those staff made redundant find other jobs.

“As part of this programme, the Company has established relationships with more than 35 prospective employers who are keen to offer roles to ex-Comet employees, and is actively working to introduce redundant Comet employees to these employers.

“We will also be organising a series of employment fairs around the country during the New Year to assist any Comet staff who have been made redundant and remain out of work.”

Neville Kahn, Nick Edwards and Chris Farrington of Deloitte, the business advisory firm, were appointed Joint Administrators to Comet, the electrical retailer, on Friday 2 November.