Electricals retailer Comet administration costs £15m in closure fees

In a statement to creditors, administrator Deloitte revealed it received £8m in fees while third-party consultants shared the remainder.

A spokeswoman for Deloitte said the fees “reflect the accepted rate for a complex administration in a highly regulated environment”.

The Government’s Redundancy Payments Service paid £23.2m to Comet’s staff.

Comet collapsed into administration less than a year after being acquired for £2 by private investment firm OpCapita after battling a tough electricals market and online competition.