Restructuring specialist Hilco is reportedly still in the running as a bidder for electricals retailer Comet.

Hilco, along with specialist turnaround private equity house OpCapita are both through to the second round of talks with Comet’s owner, the Anglo-French group Kesa The Independent reported.

It is unclear whether any other potential buyers of Comet remain in the frame.

Sources familiar with the situation told Retail Week that Kesa, should it decide to go ahead with the disposal of Comet, aims to have a sale-and-purchase agreement tied up by the first week of September, ahead of its AGM on September 15.

Kesa has ruled out selling Comet to any buyer whose plans include an insolvency process, and will consider the value of offers received against that likely to be created for shareholders by its own turnaround plans.