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Game Falls Into Administration Owing £15.8m

Administrators say the secured lender withdrew funding, leaving unsecured creditors facing about £12m of likely losses.

Overview

  • A report from joint administrators James Saunders and Lauren Wentworth published Tuesday shows Game Retail Limited owed £15.8m when it entered administration.
  • The secured creditor’s withdrawal of ongoing funding led administrators to conclude the business was not viable and to place the company into administration.
  • Around £3.5m is owed to the secured creditor and roughly £12m is owed to unsecured creditors who are unlikely to be repaid.
  • Standalone Game stores have closed and jobs have been lost while the brand continues to trade online and through concessions inside Frasers Group stores such as Sports Direct.
  • Administrators say long‑term shifts to digital downloads, weak console product cycles since 2020 and global chip shortages eroded sales and left high‑street specialist stores unsustainable.