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Big Chief Studios Limited files for liquidation
By: Anders Frejdh
Published:
2023-08-11
2023-08-11
A statement on the company website from Managing Director Mark Andrews said:
“It is with a heavy heart that I must inform our customers that despite our best efforts Big Chief Studios, the Company, has been forced to cease trading.
Having gotten through the global pandemic, the subsequent numerous knock-on effects have combined, creating a perfect storm that has extended delays to both the manufacture and release of our products. The current cost of living crisis and economic downturn have resulted in plummeting sales, which has seriously impacted our ability to continue and for us to be able to negotiate the renewal of our key licenses with any certainty.
I have carefully considered the financial position of the Company and following receipt of specialist advice from Begbies Traynor, I have concluded that the Company is unable to pay its debts and can no longer continue to trade. The necessary steps need be taken to place the Company into creditors’ voluntary liquidation. You will shortly be receiving a formal notification from them detailing the liquidation process and steps that you may be able to take to secure a refund of any deposits you may have paid.
Having worked tirelessly for over a decade to deliver high-end collectables, it is deeply wounding for myself and the team. I am sincerely sorry to all our loyal customers and apologise wholeheartedly for the situation.”
The Auric Goldfinger limited edition replica figure produced by Big Chief Studios in 2017.
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