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
The company is a vehicle accident repair centre offering general bodywork repair and other related services, including wheel alignment, air conditioning re-gas and windscreen / glass replacement. Repairs are completed to manufacturer standard by trai...
The company is a furniture and equipment hire company catering to the events industry, offering a vast stock portfolio of tables, chairs, table linen, crockery, cutlery, glassware and kitchen equipment.
Established mechanical services contractor offering a variety of HVAC, plumbing and renewables services, including heat pump installation and heat recovery ventilation.
25
|
Apr
|
Ambulance services provider acquired in pre-pack deal | BUSINESS SALE
Elite Emergency Medical Services Ltd (Elite EMS), an ambulan...
25
|
Apr
|
Tile business old to management team by Norcros | MBO/MBI
Johnson Tiles UK, a tile business based in Stoke-on-Trent, h...
25
|
Apr
|
New private equity owner for fleet hire firm | BUSINESS SALE
West Lancashire-based fleet hire business NRG Riverside has ...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.