A further 12 Zavvi stores have been closed by administrator Ernst & Young, resulting in 295 redundancies.

The remaining 48 stores will continue to trade, and Ernst & Young said it is still holding talks with interested parties in taking on elements of the business as a going concern, as well as individual stores.

Earlier this month 40 stores were closed, resulting in 531 redundancies across the stores. A further 69 employees lost their jobs at head office last month, shortly after the entertainment retailer fell into administration.

Joint administrator Tom Jack said: “We continue to trade 48 stores in the UK, however in doing so we have to manage the cost base of the company with a view to maximising returns to creditors. This includes a constant re-evaluation of our property portfolio in line with trading performance. Consequently, with reducing stock levels we have had to manage our cost base accordingly and close a further 15 stores.

"At this time we are continuing to look to further progress interest from a number of interested parties and consequently do not have a formal closure plan for the entire store network.

"We are extremely grateful to the staff and management at all stores and the head office for their fantastic support throughout this difficult time.”