We reported last month that Doctor Who audio producer AudioGO had suspended business due to financial challenges, but the situation has now worsened, and AudioGO have officially gone into administration as of this Friday.
Mark Shaw, an administrator from the company BDO, who are handling AudioGO, stated:
Significant accounting issues and the consequent working capital requirements at AudioGO led to it being insolvent. Unfortunately, there was no other option at this stage but to place the remaining UK business into administration, as no suitable buyer could be found. The administrators are taking all necessary steps to mitigate losses to customers and to maximise recoveries for the benefit of creditors.
Fellow audio producer Big Finish have stated on Twitter that they are unaffected by the administration.
[Source: Doctor Who News]