Comet administrators face record £1m fine

Comet's administrators face a record fine

The administrators of collapsed electricals retailer Comet are expected to be fined a record £1m over aspects of their involvement.

Deloitte and two of the partners that oversaw Comet’s insolvency have agreed to pay the fine, Sky News reported.

They will also be formally reprimanded by the Institute of Chartered Accountants in England and Wales, though the two people in question – thought to be Neville Kahn and Christopher Farrington – will not be banned.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.