Confidential Advice Line: 0800 063 9221

Scottish video games retailer ceases trading

Liquidation

| June 25th 2018

More News by Kenny Craig

Scottish video games retailer ceases trading

Game Centre Limited, which had its head office in Kilmarnock and eight branches throughout Scotland, has been placed into the hands of provisional liquidators, Kenny Craig and Ken Pattullo of Begbies Traynor, resulting in 39 job losses.

Trading as a partnership since 1996 and as a limited company from 2003, the award‐winning business sold pre‐owned and new video games and consoles from its outlets in Kilmarnock, Hamilton, Paisley, Irvine, Ayr, Dumfries, Airdrie and Clydebank.

Unfortunately, the business suffered from a fall in high street footfall and increased online competition as well as changes in the sector with the move to digital games streaming, all of which led to decreasing profits, cashflow issues and ultimately made it unviable.

On 29th May 2018, Begbies Trayor was appointed to oversee the liquidation of the company which immediately ceased trading with all 39 staff being made redundant.

Thomas Mckay of Begbies Traynor said: “Despite more than 15 years of trading, the Game Centre chain suffered from changes to the sector with the move to digital streaming and has become the latest high street casualty as retail continues to struggle in the face of fierce online competition. Unfortunately, the business was simply no longer viable and the directors reluctantly made the decision to place it into liquidation.”


About the author

Kenny Craig

Partner

Meet our Team of Experts

Kenny joined Begbies Traynor in January 2014 after a short sabbatical. He specialised in corporate recovery and restructuring with RSM Tenon for 21 years, operating throughout the country and founding their Glasgow operation in 1995. He was previously with C&L audit, then Cork Gully, based in Edinburgh, with foreign stints in Liberia, West Africa and Sydney, Australia. He was integral to the development of Glasgow into one of Tenon’s most successful full service offices. In latter years he started their personal insolvency business in Scotland which saw leading market share of PTDs in 2011.

52 Regional UK Offices

Find your local Begbies Traynor office and speak to an adviser today.

Find your Local Office
0800 063 9221

Call our Confidential Advice Line. Calls to this number are free of charge.

Call us now...
Request a Meeting

We invite you to come and discuss your enquiry with us at your convenience.

Request a meeting...
0800 464 0871

Call our Confidential Advice Line. Calls to this number are free of charge.

Call us now...
Request a Meeting

We invite you to come and discuss your enquiry with us at your convenience.

Request a meeting...
0161 837 1700

Call our Confidential Advice Line. Calls to this number are free of charge.

Call us now...
Request a Meeting

We invite you to come and discuss your enquiry with us at your convenience.

Request a meeting...
Advice for businesses on EBTs after HMRC Supreme Court victory
Begbies Traynor currently advising numerous businesses
HMRC sends out follower notices to reclaim tax lost to Employee Benefit Trusts
Find out more →
 
Open Banking to Reshape the Alternative Finance Sector
CMA mandates the adoption of Open Banking by early 2018
Will see alternative lenders competing on a level playing field with dominant banks
Read more →
 
Join thousands of professionals by signing up for our updates
Analysis and Opinion from our Partners
Top Industry News
Register Now →
 

Advice you can trust

We are accredited by the following industry leading organisations

Insolvency Practitioners Association Institute of Chartered Accountants in England and Wales R3: Association of Business Recovery Professionals ICAEW Business Advice Service Turnaround Management Association ACCA (the Association of Chartered Certified Accountants) ICAS | The Institute of Chartered Accountants of Scotland

Contact the Begbies Traynor team

or Find your Nearest Office

Here at Begbies Traynor Group we take your privacy seriously and will only use your personal information to contact you with regards to your enquiry. We will not use your information for marketing purposes. See PRIVACY POLICY

Processing...