Tag Archives: administration

There’s more bad news on the High Street today with conformation that Choices UK owner The Webb Group has been entered into administration. Francis Graham Newton and Paul James Bates of BDO LLP were appointed as joint administrators last Friday. The Group was the home of nine brands – Choices …

A report in yesterday’s edition of The Express has claimed that the directors of struggling retailer GAME are considering pulling the plug” on the entire business. This is because many at the highest levels of the chain now fear that insolvency has become inevitable” as it continues to negotiate deals …

Less than two years after it rose from the ashes of former High Street giant Woolworths, rumours are circulating that the chain might be heading for trouble. Retail Week reports that the 17 store chain, which is headed up by Woolworths’ former head of store and concession development Andy Latham, …

UK publisher Zushi Games has confirmed to MCV that it has entered administration. The company’s co-founder and chairman Ian Stewart declined to comment further until the ongoing litigation processes are complete. According to Companies House’s listings, Zushi Games officially entered administration on March 18th and has a receivership action against …

Melbourne-based Transmission Games has closed, according to new reports. The studio, which earlier this month shed some 30 staff from its coding and QA teams to cut costs, had reportedly experienced a number of problems with payments from publishers and cancelled projects. Head over to Develop for the full story.

It has emerged that Dan Wagner, the man behind Shiny Media investor Brightstation Ventures, is the ‘minority shareholder’ stalling the current salvage plans of the troubled internet publisher.

 Brightstation owns 50 per cent of Shiny Media following its 2007 investment of 2.7m – though Shiny co-founder Chris Price has since …

Whilst official word is still yet to emerge from the Shiny Media camp following news of its entering into administration yesterday, a new company based on many of its assets is already emerging from the shadows.

The Guardian reports that most of Shiny Media’s assets have been bought up by new …

Shiny Media, once one of the leading figures in the new media digital content movement, has entered administration – though rumours suggest that new owners may already be in place.

 MCV can confirm the news first Tweeted by co-founder and current Shiny freelancer Katie Lee, who stated earlier today that:

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Entertainment retailer Zavvi has fallen into administration following the collapse of EUK, auditor Ernst and Young has confirmed. The High Street chain – formally known at Virgin Megastores – has 114 UK stores and employs over 3,000 members of staff. Ernst and Young will now act as administrator for Zavvi …

Woolworths could be facing its last few days on UK High Street with reports that administrator Deloitte has failed to find a buyer for the struggling retailer. RetailWeek speculates that the chain’s entire workforce, which totals around 30,000, are facing redundancy. Details of the national closing down sale are expected …