Retailer Select Fashion is reportedly on the verge of collapse as the struggling chain nears the closure of 35 shops across the UK.

The group has drafted in advisers to oversee a process of liquidation, according to documents seen by the Sun.

It comes as it is believed the chain will have shut 35 shops by this weekend after quietly trimming down its estate since the start of the year.

Women’s clothing retailer Select entered into a company voluntary arrangement last year – whereby a business in distress has the opportunity to pay off debts to creditors over a fixed period of time, while still continuing to trade.

The process was overseen by restructuring specialist firm Moorfields.

But Moorfields has now been tasked with overseeing a liquidation process, which means a business is wound up if it cannot repay its debts, the Sun reported.

Select Fashion could not be reached for comment, and Moorfields was not immediately available to comment.