Comet Under Trouble Financially


Williams Commerce report Comet's financial trouble which has been reported all around the world.

Leicester (I-Newswire) November 30, 2012 - Williams Commerce, a Leicester based SEO consultancy and ecommerce company, have learnt of Comet's current financial situation, and have decided to investigate on what is happening with it all.

John Roberts, boss of Appliances Online, said it was "very unlikely" administrators Deloitte would be able to sell Comet as a going concern. He said he has made an offer of "millions" of pounds for the chain's brand and website. However, Deloitte claims to be in talks with a small number of potential buyers.

Comet started off with 236 stores across the United Kingdom, each successfully trading since their opening. However, Deloitte state if there is no buyer for Comet within the next month, another 125 stores will be closed. 70 stores will be left from the original number, and it is suggested more than 3,000 jobs could be affected - potentially just lost - by the current decisions to close more stores of Comet.

"Should any acceptable offers be received for stores, we will delay the closure process," said joint administrator Chris Farrington. "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." It seems whilst Comet are clearly receiving offers, none are yet to be set in stone. Which means there are plenty more time for competitors to step in.

With their online business still running alongside their still open stores, people would suspect good things for Comet despite their downfalls. However, it can be said many different claims have been made in which Comet are likely to have stopped trading before Christmas 2012. With a remained of 70 stores set to be around for December, it is no surprise there is so much speculation of Comet ceasing to exist before Christmas time of 2012.






About Williams Commerce Ltd SEO Services Agency

Williams Commerce Ltd is a supplier of ecommerce solutions to the B2B and B2C markets. They offer a    More..wide range of services including SEO services that help all of their customers to improve their website's turnover.Less..

Contact Information

Williams Commerce Ltd SEO Services Agency
James S. Doughty
49 Oxford Street
Innovation Centre
LE5 1XY
Phone : 0116 257 7943

Published in:

Business

Published On:

November 30, 2012

Print Release:

Print Release

If you have questions regarding information in this press release contact the company listed above. I-Newswire.com is a press release service and not the author of this press release.The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies and PR Agencies submit their press releases once per week,month or quarter, make sure to check the official company website for accurate release dates as our site displays the I-Newswire.com press release distribution date only.We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for or omissions in that information or for actions taken in reliance on that information.


Related Releases

Verified Credentials, Inc. Achieves Oracle Validated Integration with Oracle's PeopleSoft Human Capital Management 9.2
PeopleSoft Customers Can Save Time Onboarding New Hires with Background Checks from Verified Credentials

Signature Realty & Management, Inc. Announces a New Dedicated Phone Line for the Accounting Department
In an effort to foster faster and easier communication with critical stakeholders, Signature Realty & Management, Inc. has created a dedicated phone line for the Corporate Accounting Department in the Mandarin Headquarters Office.

Oliver Wight Sponsor Singapore S&OP Innovation Summit
Oliver Wight Partner, Don Harding will present on Integrated Business Planning, the next evolution of S&OP, at the Singapore S&OP Innovation Summit on 26-27 June 2014.

MBK Media Group Announces Availability of Luxury Business Cards
MBK Media Group is announcing immediate availability of Luxury Business Cards, enabling business owners that currently carry the standard business card to immediately upgrade their business card to a conversati

IOR Receives Circle of Excellence Award
IOR Global Services is pleased to announce its acceptance of the 2013 AIReS Circle of Excellence Award.