Codemasters in bogus customs scare

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Longstanding British studio Codemasters saw in the New Year in a most unfortunate manner as HM Revenue & Customs served an erroneous petition to wind-up the business.

On face value that meant the studio would face going into administration, receivership or liquidation, with Codemasters' banks under threat of being frozen.

However it soon emerged that the HMRC wind-up petition was issued by mistake.

Develop has the full story.