COMET disappeared today as administrators finally closed the doors on the troubled electricals retailer.
The Huddersfield store closed earlier this month with the loss of 40 jobs.
And the shutters fell on the final batch of 49 stores today, including ones at Birstall, York, Hull and Rotherham.
In total, 236 stores have been axed with the loss of about 6,500 jobs since administrators at accountancy firm Deloitte were appointed to the ailing retail chain at the beginning of last month.
The collapse of Comet is one of the biggest retail disasters since the demise of Woolworths in 2008 and came just a month after the loss of JJB Sports.
A report by the administrators into the collapse of Comet was expected yesterday, but has been delayed.
The report is expected to show that the demise of Comet has left the taxpayer facing a £50m hit.
It was also expected to show that insufficient funds were raised from the winding down of the chain to pay up to £24m in redundancy payments to 6,000 staff.
Reports said this would mean the Government probably having to step in to ensure workers receive their payments.
Deloitte was also expected to disclose that unsecured creditors – including HM Revenue & Customs, which is owed £26.1m – will get nothing.
Holders of £4.7m of unclaimed Comet gift cards and vouchers are also on the list.
However, an estimated £40m of payments will be made to suppliers and £2.1m of holiday and back pay owed to staff will be paid in full.
Secured creditors, such as the backers of Comet’s parent company Hailey Acquisitions, will get payments of just under £50m – although it is thought this represents a shortfall of £95m on the amount owed at the time of the collapse of the chain in early November.
The scale of the problems at Comet will also be highlighted in the report, with the chain reportedly racking up losses of £95m in the year to April, followed by a further £31m in the subsequent five months as credit insurers lost confidence and withdrew support for the business.
Hailey was the investment vehicle put together by Henry Jackson of OpCapita, who raised the funding from unnamed investors for Comet’s takeover from French retail group Darty.