Around 850 staff at former Bradford-based shoe retailer Barratts, which went into administration for the third time in five years in November, have lost their jobs following the closure of its remaining 42 stores.

The move by administrators at Duff & Phelps came between Christmas and the New Year and followed the sale of 14 shops to York-based shoe chain Pavers, which saved 150 jobs.

The Barratts brand name and online business have reportedly been bought out of administration by a Lancashire-based footwear company.

Administrators were appointed to Barratts Trading Ltd after a cash crisis and a planned £5 million cash injection by an unnamed investor fell through along with mounting losses due to poor trading.

Before its crash, Barratts traded from 73 shops and 23 concessions, employing more than 1,000 people including around 150 at its Apperley Bridge head office.

Reports suggest that a new company known as W Barratt & Co, set up by Rossendale-based Jacobson Group and former Barratts buying and merchandising director Simon Robson, is to pay £360,000 for the intellectual property of Barratts and its online operation, which administrators said represented the best return to creditors.