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Comet going into administration?
Comments
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CoolHotCold wrote: »Actually Lauraeva, Comet is already in administration. It was brought forwards, and the reason they opened later (1pm) was because the staff were being informed of what was happening and then Deloitte shut the stores about 3pm to consider what the best options were going forwards.
So £100 down the drain ? Could be worse, guess it is for many folk ...
Reliable news sources were suggesting admin on Mon / Tue, fact its been brought ahead (if true) is that the store has the least regard for its retail creditors, and that the banks take priority as usual.
Look foreward to any "fire sales" as guess they would need police protection from disgruntled out of pocket customers !0 -
Can anyone remind me where customers with ongoing orders, gift card holders, stand in the list of creditors of an insolvent company ...
Salutory lesson to us all, Ebay / Amazon probably offers more protection ?0 -
Brilliant !
So £100 down the drain ? Could be worse, guess it is for many folk ...
Reliable news sources were suggesting admin on Mon / Tue, fact its been brought ahead (if true) is that the store has the least regard for its retail creditors, and that the banks take priority as usual.
Look foreward to any "fire sales" as guess they would need police protection from disgruntled out of pocket customers !
Just remember CoolHotCold works for...a Comet rival? He also struggles with the basics of DSR..as well as?0 -
Lauraeva, its not been confirmed yet if Gift Cards won't be accepted yet. Best bet is to go down pronto on Saturday and buy something that holds value or something you want (could be anything from iTunes vouchers for gifts etc etc)
Also DaCouch, if the extracare agreement isn't a insurance policy covered by the FSA then it will be managed by a independent trust fund who have a duty of care to ensure there is enough money in the fund based on historical and trends, the amount of data these companies build up is amazing, they can tell how many will fail within X years and the average cost of repair/replacement. These trust funds have a legal requirement to make sure they are simply not holding a token amount.0 -
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Brilliant !
So £100 down the drain ? Could be worse, guess it is for many folk ...
Reliable news sources were suggesting admin on Mon / Tue, fact its been brought ahead (if true) is that the store has the least regard for its retail creditors, and that the banks take priority as usual.
Look foreward to any "fire sales" as guess they would need police protection from disgruntled out of pocket customers !always smile no matter how broken you are.0 -
DSR ... please let me into the acronym as I'm lost !0
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there will be no fire sales trading tommorrow from 9am but as far as im aware gift cards will not be able to be used as i have a friend who still works for them
Without formal declaration of insolvency if the store continues to trade it has to honour its legal obligations, refunds, cancellation of orders, pre-paid cards ...
Which is why I can't see any of their stores opening on Satrurday despite "trading as usual" statements, which sadly means Comet is toast ... as is a lot of our money.0 -
I feel so bad for the staff of Comet. It's not bad enough that they're losing their jobs in a climate where it's not easy to walk into another? Now they're being insulted for circumstances that are far beyond their control?
We tried 3 Comets and they were all closed. My dad has a credit note he wants me to use to purchase an iPod Shuffle for him. Am I on here ranting about other peoples' misfortune? No I'm not, because I've got a soul :mad:'til the end of the line0 -
This is crazy and just shows what a shower this company is from top to bottom.
Without formal declaration of insolvency if the store continues to trade it has to honour its legal obligations, refunds, cancellation of orders, pre-paid cards ...
Which is why I can't see any of their stores opening on Satrurday despite "trading as usual" statements, which sadly means Comet is toast ... as is a lot of our money.always smile no matter how broken you are.0
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