The major high street record store HMV is poised to call in administrators, according to reports.

Directors for the music retailer are in talks about the company's future, and accountancy firm Deloitte could be waiting in the wings, Sky News said.

A number of options were reportedly being discussed by the HMV board, and it is thought an announcement will be made tonight.

The chain employs more than 4,000 people across almost 240 stores in the UK and Ireland.

Deloitte declined to comment.