Eaglemoss Ltd. has filed a Notice of Intention to appoint an administrator in its home country of the United Kingdom, InfolinkGazette Managing Director Greg Connell posted on LinkedIn. Like a Chapter 11 bankruptcy in the U.S., administration is a U.K. legal status freezing collection actions against a company that can’t pay its bills while an administrator (a trustee, in the U.S.) evaluates the company for a restructuring, sale, or liquidation.
Eaglemoss sold graphic novels and collectibles featuring licensed geek culture properties. It was known for partworks, collectibles sold in parts over time and assembled by collectors.
The filing was sudden; numerous Eaglemoss and Hero Collector (another Eaglemoss brand) products are listed as upcoming releases by Diamond Comic Distributors.
The company’s last publicly filed financial statements, for calendar year 2020, showed a sea of red ink, with a £12.8 million loss for the year, and a £27.1 million negative net worth at the end of 2020.
Similar to U.S. Chapter 11
Posted by Milton Griepp on July 15, 2022 @ 3:22 am CT
MORE COMICS
On Market Conditions, BOOM! and Diamond, Direct-to-Consumer Sales, More
April 25, 2024
In Part 1, we talked about market conditions, why BOOM! Studios is with Diamond Comic Distributors, direct-to-consumer sales, and channel mix.
BOOM!'s Plans for 2024, the New Jeff Lemire Series, Ongoings, Variants, More
April 25, 2024
In Part 2, we talked about BOOM! Studios' publishing profile and plans for the year, BOOM! Box, their new Jeff Lemire ongoing, ongoing series in general, variants, and top 2024 releases.
MORE NEWS
'Sound Loaders'
April 24, 2024
Bandai will release One Piece TCG Sound Loaders : card loaders for One Piece TCG with background music and sound effects from the One Piece anime.
Not Even Direct Sales from GW Webstore
April 24, 2024
Games Workshop’s blind pack Warhammer Heroes Series 4 will be available in select Target stores and on the Target website, but not available from Games Workshop’s own webstore.