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Posts tagged with Administration

Were administrators too quick to close Phones4U's website?

Phones4U went into administration recently, after losing contracts it had with network operators Vodafone and EE. 

One of the first acts of the appointed administrators was to close the website and replace it with a customer notice.

While it's understandable that no more orders could be taken, did this act devalue one of the company's most valuable assets? 


Game Group heads for administration

Beleaguered games retailer Game Group has said it intends to file for administration just weeks after it indicated that it planned to modify its business model with a shift towards digital downloads.

A statement released this morning said that talks with stakeholders had not made enough progress, and it was now "of the opinion that there is no equity value left in the group".

Game Group shares have now been suspended by the London Stock Exchange.

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