Maze Theory Limited (11132358): administration
- Status
- Administration ended
- Administration began
- 2023-12-20
- Administrators
- Andrew James Pear, Michael Stephen Elliot Solomons
- Administrators' firm
- Moorfields
- Incorporated
- 2018-01-04
- Location
- London
- Industry
- 58210 Publishing of computer games
From the administrators' statement
Moorfields were initially approached by the Group’s directors on 26 October 2023 to discuss the financial situation of the Group and advise on the options available. An engagement letter was subsequently issued on 7 November 2023 and Moorfields were formally engaged on 8 November 2023 to conduct an AMA process for the Group. The initial introduction was from the Group’s legal advisers, Keystone Law.
Moorfields managed the accelerated marketing of the Group in conjunction with specialist agents instructed to carry out a targeted marketing campaign. Moorfields subsequently assisted in negotiating and agreeing the sale contract prior to appointment of the Administrators. The balance of the Administrators’ costs are subject to creditor approval.
The directors resolved to take steps to place the Company into Administration and complete a pre-packaged sale of the business and certain assets on 20 December 2023.
Administrators' statement of proposals (2024-02-20) · Companies House register