Free Radical Administrator Speaks

Yes, administrator... not "Company shutdown operative"

Posted by Staff
Keep taking the tablets chaps.
Keep taking the tablets chaps.
The ongoing saga of UK developer Free Radical continues... We have been reporting, correctly, that the Nottingham based company behind Haze and Timesplitters has not in fact gone bust or shut down. As we have pointed out, it has in fact gone into administration.

This is a quite different state of affairs to "shutting its doors" or "ceasing to exist" as Internet scuttlebutt has made the situation out to be. We, like the official administrator, do not want to talk a company to death with rumour.

In fact, here is the official word from Cameron Gunn from the official administrators Resolve Partners,"The company was placed in to administration yesterday afternoon.

"We will be spending the next three or four days assessing the financial position of the company but it's business as usual, although we have asked that almost all of the employees apart from a skeleton crew remain at home.

"All employees have been paid up until the end of December and we hope to make another announcement before Christmas or very soon thereafter, but we must stress at this stage that it's business as usual."

So, as we have previously indicated in our reporting, the developer remains in a position whereby it could - albeit in reduced form - continue. Until the administrator reports otherwise, this is the actual situation.

Comments

Andy 19 Dec 2008 12:33
1/7
How is sending all your staff home in any respect business as usual?
Tim Smith 19 Dec 2008 12:50
2/7
With that in mind, we have contacted Cameron Gunn at Resolve partners to get an absolutely clear indication of the current state of affairs.

What we're trying to avoid here is talking a company to death before its time. The situation is certainly grim and - as you say - unusual. However, a more sober approach than "It's dead! Official!" when nothing is official, appears to me to be a more rational line to take.

Cheers

Tim
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capital 19 Dec 2008 17:07
3/7
it's not dead; it's just 95% dead, if the company is the people
A Reader Writes 19 Dec 2008 17:15
4/7
capital wrote:
it's not dead; it's just 95% dead, if the company is the people


Jiminy... that makes Atari some kind of unkillable zombie company then... oh.... right.

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i lurk therefore i am
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Dead Meat 21 Dec 2008 15:03
5/7
Guess they're losing dead meat after losing a huge project (that frankly, we were recruited for in the first place) and not being able to sign their product that they thought would save the company... unfortunate that I'm considered part of that dead meat and I have to spend my Xmas holidays job hunting. I can imagine that they don't have use for 200 people at the moment and just want to keep the core, but their timing is poor.

Merry Xmas all
Tim Smith 22 Dec 2008 09:52
6/7
Dead Meat wrote:
Guess they're losing dead meat after losing a huge project (that frankly, we were recruited for in the first place) and not being able to sign their product that they thought would save the company... unfortunate that I'm considered part of that dead meat and I have to spend my Xmas holidays job hunting. I can imagine that they don't have use for 200 people at the moment and just want to keep the core, but their timing is poor.

Merry Xmas all


Mate, sorry to hear that you're having to look for work over Christmas. Can you get into contact and maybe give us some more detail on what happened? tim@spong.com

Thanks

Tim
More dead meat 24 Dec 2008 19:47
7/7
Dead Meat wrote:
Guess they're losing dead meat after losing a huge project (that frankly, we were recruited for in the first place) and not being able to sign their product that they thought would save the company... unfortunate that I'm considered part of that dead meat and I have to spend my Xmas holidays job hunting. I can imagine that they don't have use for 200 people at the moment and just want to keep the core, but their timing is poor.

Merry Xmas all


Hey there fellow dead meat... I was in unit 4... sucks doesn't it?
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