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

Natural Stone Supply Company: Sourcing/Processing/Distribution
Aberdeenshire, Scotland, UK

This company specialises in supplying the highest quality natural stone products, offering a complete turnkey solution to its customers from sourcing, through to processing, design and final distribution and delivery. Offers invited.

Asking Price: £1,050,000
Turnover: £1,100,000

RELOCATABLE


Precision Engineering Business
North West, UK

Precision Engineering Business for sale operating with a modern, well equipped machine shop, offering Engineering Development Modelling (EDM), CNC turning & milling, grinding, boring and fitting. Offers invited.

Asking Price: Offers Invited
Turnover: £400,000

LEASEHOLD


Accountancy Business
UK Wide

High quality practice with strong middle management on the market for the first time. Established: 25 to 30 years. Strong middle-tier management to support acquirer throughout the transition period and on an ongoing basis. Locations: Cheshire, Mersey...

Asking Price: £1,300,000
Turnover: £1,300,000


View more businesses for sale

News Search

Latest News

 
20
 
Sep
 

Thomas Cook seeking 'last-ditch' fire sale | BUSINESS SALE

Thomas Cook Group is reportedly trying to piece together a l...

 
19
 
Sep
 

Smith & Williamson and Tilney to merge | MERGER

After revealing in August this year that talks were in place...

 
18
 
Sep
 

Infrastructure investment manager takes stake in LJLA | BUSINESS SALE

Infrastructure investment management group, Ancala Partners,...

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