It wasn't looking good for 007 Legends studio Eurocom a couple of weeks ago, when it was forced to lay off the majority of its workforce. Now it looks like the end has come, as the company has gone into administration.
In a statement to Eurogamer today, the company noted that an administrator has been appointed, as it has been "experiencing financial difficulties due to expected contracts being delayed."
The fall of the company is all down to the decline in console and PC game sales, said the statement, meaning that Eurocom has seen a severe drop in the number of new games being commissioned.
As of result of going into administration, Eurocom has been forced to lay off all of its remaining employees, and the business has now ceased trading, nearly 25 years after it was first founded.
Dean Nelson, the administrator appointed to the company, noted that while he believes another specialist software business can be attracted to the Derby, UK area where Eurocom was based, "the focus will be completely different and therefore this is sadly the end of the console games development business."
|
