Comet closure costs 13 jobs

A rescue deal could not be secured for Comet.

A rescue deal could not be secured for Comet.

First published in News

THIRTEEN jobs have been lost at St Helens’ Comet store after administrators of the electrical goods retailer failed to secure a rescue deal.

The national chain slid into financial trouble last month – and though there had been rumours of potential rescue packages – nothing materialised.

Administrators Deloitte confirmed the local job losses, adding that the King Street store had included a mix of full and part time roles.

It has set up a series of support measures to help redundant workers find new employment, including establishing contact with more than 35 prospective employers and setting up a LinkedIn network through which companies are advertising positions.

Deloitte said that despite significant efforts to find a buyer, it had been forced to close stores nationwide.

Chris Farrington, joint administrator of the company, said: “Although we had discussions with a number of interested parties, the substantial working capital requirements to fund the business was a significant concern for these parties and was a key factor in preventing a deal being reached.

“We will now consider the options with regards other assets of the company, including the brand and website.

“We wish to express our gratitude for the professionalism and dedication of all employees across the store network.”

A website – www.cometjobs.co.uk – will go live shortly with details of vacancies at prospective employers, employment fairs and advice.

With the Church Street’s Curry’s having closed earlier this year, it leaves the centre of St Helens without a major electrical goods store.

Curry’s megastore on Ravenhead Retail Park does remain, however.

Comments (2)

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5:50pm Tue 18 Dec 12

anthonywilson says...

Really sorry to hear this news that staff are losing their jobs at Christmas. I hope they all manage to find alternative employment soon. Whenever I have bought something from the St Helens Comet Store in the past the staff have always been really helpful and provided an excellent level of customer service. Sadly the retail offer in St Helens Town Centre is deteriorating further and its going to need a massive effort to turn it around.
Really sorry to hear this news that staff are losing their jobs at Christmas. I hope they all manage to find alternative employment soon. Whenever I have bought something from the St Helens Comet Store in the past the staff have always been really helpful and provided an excellent level of customer service. Sadly the retail offer in St Helens Town Centre is deteriorating further and its going to need a massive effort to turn it around. anthonywilson
  • Score: 0

9:00am Wed 19 Dec 12

craig30 says...

its sad that its happening so close to christmas and its great the stores are getting in the press,but no mention of the national distribution centre at skelmersdale,where 150 of us lost our jobs 2 weeks ago,job websites get set up but for retail only,non for warhousemen
its sad that its happening so close to christmas and its great the stores are getting in the press,but no mention of the national distribution centre at skelmersdale,where 150 of us lost our jobs 2 weeks ago,job websites get set up but for retail only,non for warhousemen craig30
  • Score: 0

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