Norfolk-based electrical retail chain Bennetts has collapsed into administration.
Bennetts has 14 stores, mostly in East Anglia, and employs around 300 staff. PKF has been appointed adminstrator and a buyer is being sought.
The company, which last year recorded a turnover of £70 million, has reportedly been experiencing poor trading in what is a highly competitive part of the market.
An announcement on the future of the business is expected later today.