Sale 'unlikely' for game developer Relentless Software

Tue, 23 Aug 2016 | ADMINISTRATION

Game developer Relentless Software is to be wound down after entering administration earlier this month. The administrators say a sale "appears unlikely".

The award-winning Brighton-based company had plans to open a new studio in Wales, and create a further 70 jobs for the location, but the pressures of increasing competition and a difficult trading environment were too high. The company directors had sought help in an attempt to save the troubled business, but its financial situation as it was meant that this was unachievable.

Simon and Daniel Plant of SFP were brought in as the joint administrators on 8th August. The business has stopped trading, and its 21 employees have been made redundant.

Simon Plant told Insider Media: "Whilst a sale of the business appears unlikely now, with the company already ceasing to trade, there is a significant amount of work to do now in winding down the affairs of the business and reviewing the factors leading to its collapse."

Relentless Software is well known for the Buzz! Quiz game series for PlayStation, and released its first, for PlayStation 2, in 2005, two years after the company was set up. More than 10 million copies of its Buzz! games have been sold. The studio also developed games for Microsoft's Kinect Fun Labs and Kinect Nat Geo TV.

Contact the administrators


Share this article



Latest Businesses for Sale

Designer & Manufacturer of Consumer Entertainment Robotics (Fast Sale)
UK Wide

Expressions of interest for the business and assets are required by 5pm on 24th July 2019 with bids anticipated shortly thereafter. An opportunity exists to acquire the shares or alternatively the business and assets of this UK based, innovative comp...

Asking Price: Offers Invited
Turnover: £5m+

Manufacturer of Precision Instrumentation Products
UK Wide

*Trade Enquiries Only*. A leading UK designer, manufacturer and global distributor of critical components in specified compression fittings with a crucial safety function. Offers invited.

Asking Price: Offers Invited
Turnover: £1,900,000

Manufacturer of Nets
South West, UK

Manufacturer of Nets for everything except fishing. More than 130 years of continuous trading. The Company was founded in 1889 and is a very well established manufacturing business and has been a pioneer in the industry and consistently & successfull...

Asking Price: £450,000
Turnover: £522,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
19
 
Jul
 

Outdoor activity centre completes MBO | BUSINESS SALE

An outdoor water activity centre has been successfully sold ...

 
18
 
Jul
 
 
17
 
Jul
 

Preston caravan manufacturer seeks buyer following administration | ADMINISTRATION

A caravan manufacturing business in Preston is on the lookou...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
08
 
Apr
 

Telephone fundraising platform enters voluntary administration | ADMINISTRATION

A telephone fundraising agency has gone into voluntary admin...

 
08
 
Jun
 

Residential project on the hunt for a new buyer | ADMINISTRATION

A residential building development in the heart of Birmingha...

 
02
 
Oct
 

CCTV distributor enters administration | ADMINISTRATION

Center Group Ltd, the parent company of CCTV Center, has ent...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources