The electrical retailer, Comet might soon go under administration as it continues to struggle in the market due to reduced consumer spending.

The move will put 6,000 jobs at risk at Comet, which was purchased by private equity firm OpCapita for just £2 in the previous year. OpCapita had indicated weeks ago that it is looking into a number of potential bids for retailer that runs 240 chains.

It is believed that Comet will now look to appoint an administrator. Some suggest that OpCapita has roped in Deloitte as administrator. The administrator will run the business while also looking for opportunities for selling, closures and liquidation.

Kesa, which was struggling to turn around the business, had sold Comet to OpCapita during the February of 2011. Sir John Clare, who was working as the chief executive of Dixons Retail, had joined the company as the chairman when the deal to sell Comet was finalized. Sir John has indicated that the business could be revived.

Comet would be one of the biggest retail chains to go under administration since Woolworths in 2008. JJB Sports, Clinton Cards, Blacks Leisure, Game, and Peacocks were some other retail chains that faced closures and sales due to difficult market situation.