Fears for 200 jobs at Comet in Hull as electrical retailer looks set to call in administrators
MORE than 200 jobs could be at risk in Hull as Comet looks set to call in the administrators.
Opcapita, the owner of the struggling electrical chain, is understood to have lined up Deloitte as administrators following falling sales and pressure from suppliers.
Hundreds of Hull-based staff were made redundant in May this year when Comet closed its call centre in George Street after a 90-day consultation.
About 40 workers were transferred to the company’s business centre, also in George Street, bringing the total number of Comet workers in Hull to around 200.
Those workers now face an uncertain future along with the company’s 6,000-strong UK workforce.
Comet was founded in Hull in 1933 by George Hollingbery, who rented out radios and batteries.
In the 1950s, he set up his first shop in George Street.
His son, Michael Hollingbery, later launched the UK’s first out-of-town superstore, which prompted the company’s strong growth across the UK.
Last November, Kesa Electricals sold the struggling business to retail turnaround firm OpCapita for a token £2.
As part of the deal, Kesa pumped £50m into the chain and took on the firm’s pension scheme.
Comet has more than 200 stores, including outlets at St Andrew's Quay and Kingswood in Hull.