Comet collapsed into administration in Nov 2012; administrators later referred to ICAEW
Comet Group (Comet retail) · Electrical goods retailer
The case in brief
Visible before detection
Checks that could have surfaced it, on hindsight
Unit economics & burn
Margin and cash trends would show the retailer burning working capital.
Can mislead when: Cost allocation is a judgement call. Kubr shows its assumptions and lets the user change them.
Third-party confirmation
Supplier confirmations would show credit terms tightening before the collapse.
Can mislead when: Counterparties can collude or ignore requests. A non-response is logged as a gap, never as a pass.
Where Kubr services would have helped
Valuation context
Offered in India- C9 Margin and cash trends would show the retailer burning working capital.
Financial diligence
Offered in India- C9 Margin and cash trends would show the retailer burning working capital.
Model check
Offered in India- C9 Margin and cash trends would show the retailer burning working capital.
Mapped from the checks each service runs. A hindsight reading of public records, not a promise that the failure would have been found.
Same pattern
A summary of public documents. It reports what the sources say. It is not Kubr's finding and not a statement of guilt.