Administrators KPMG today said several offers have been put forward for the 97-year-old high street stalwart.

The bidders have not yet been identified, reports City AM.

KPMG joint administrator of HMV Will Wright said: “Since our appointment as joint administrators, we have received significant support from key stakeholders, including employees, suppliers and creditors, as we have endeavoured to trade the HMV business.

“We’d like to thank everyone for their support during this time, in what remain challenging circumstances.”

He added: “We can confirm that a number of offers on various bases have been received, and we now need to evaluate these further over the coming days.

“Given the commercially sensitive nature of this process, we will not be providing further detail at this time.

“We will continue to endeavour to trade all stores while discussions with all the relevant stakeholders continue.”

HMV slumped into administration for the second time in six years just after Christmas, blaming its collapse on a “tsunami” of retail challenges.

The music and film retailer called in KPMG to handle the process, leaving the future of its 125 stores and 2,200 workers hanging in the balance.