It said its troubles "will not cast a material uncertainty about Sharp's ability to continue as a going concern".

BBC: Panasonic and Sharp stick to glum forecasts

Shares slumped 60% on the day of its results blow, when its auditors also raised "significant doubt" about its ability to continue as a going concern.

BBC: JJB Sports store

However, the economic environment and trading circumstances create material uncertainties which may cast significant doubt on the Group's ability to continue as a going concern in the future.

BBC: HMV clinging on

It will continue to trade as a going concern, and chief executive David Sculley says he remains "optimistic" a buyer can be found.

BBC: How Waterford Wedgwood cracked

Under administration, a company can continue to operate, with the aim of securing a deal with its creditors and securing its future as a going concern.

BBC: HMV logo

"Stores continue to trade and at this time we remain hopeful of securing a long-term future for HMV as a going concern, " said Nick Edwards, joint administrator at Deloitte.

BBC: Hilco bought out HMV Canada in 2011