The administrators have been called in to perform the last rites on GAME Group, the video games retailer which crashed and burned in March.
The board of GAME said the decision to pull the plug was taken "after careful consideration and ceaseless interrogation of every possible alternative."
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Less than six months ago the shares were trading above 24p, but went into a tailspin in November when the company warned that revenues were falling off a cliff.
jh
-
Could your family be at risk of an unexpected tax bill? How to keep your loved ones in the loopMany families are out of the loop when it comes to planning the financial aspects of both retirement and inheritance
-
Rightmove: Glut of homes for sale in southern England drives asking price dropAsking prices are 0.1% lower than a year ago, according to the property website, driven by challenges in affordability-stretched London and the south
