Electrical retailer Comet was locked in talks with its landlords over what the market termed at the time as a “soft CVA” – a consensual move akin to a company voluntary agreement that would allow it to reduce its £80m rent roll.

Comet Fareham 2011

Source: Wikimedia Commons / Editor5807

However, the discussions failed to save the company, which had been purchased by OpCapita in February that year for £2.

Comet went into administration in November and by the end of the year, all 240 of its stores had closed.

The Comet brand is now owned by Misco Technologies and trades as a pure online retailer.