There are reports out of the UK that partwork publisher Eaglemoss has filed a notice of intent to appoint an administrator.
This from Gateworld:
Report: Stargate and Star Trek Model Maker Eaglemoss Is In Financial Trouble
The U.K.-based company has filed a Notice of Intention to go into administration in the hopes of avoiding bankruptcy.
A beloved company behind some of the best science fiction models on the market today is staring down major financial challenges, according to a report.
On July 12 Eaglemoss Limited reportedly filed a “Notice of Intention” with the courts in its home in the United Kingdom, declaring its plan to go into administration. This is according to Greg Connell, Managing Director of business publication Infolink Gazette, which monitors such filings at the U.K. High Court. Connell added that Eaglemoss’s revenue had peaked at £68 million, but in the most recent filed accounts had fallen to £31.6 million.
Though it is filed with the U.K. courts, a “Notice of Intention” is not a bankruptcy filing. Instead this is a path that permits companies to submit to an administrator to clean up its finances, pay its creditors, and avoid liquidation. Eaglemoss could emerge intact from this process, or if the reorganization proves unsuccessful the sale of its assets might lie in its future.
While this breaking story is thus far based on a single source, Bleeding Cool says that they have confirmed the report through their own (unnamed) sources.
Eaglemoss’s “Hero Collector” Star Trek collection
Eaglemoss has not yet responded publicly to the reports, and its customer service has remained closed. While the company’s main Web sites are still online, the retail shop has been down for about a week now (in the middle of a sale). The site includes a message that it is undergoing maintenance. Eaglemoss’s Twitter accounts have also been silent in the days since the filing.
There are also reports, relying on the same source at: Bleeding Cool and Daily Star Trek News.
There is also plenty of discussion on social media about this, but nothing yet from the company itself.
The fact their their online shop is not taking orders is an indication something is up. I checked it out using a VPN to place me in the UK:
It’s a story to watch given the inconsistency of supply of Eaglemoss partworks into Australia, and considering their recent announcement that for at least one significant title they are ditching retail for a direct to consumer model.
I have purchased Knit & Stitch creative patchwork from our Newsagency in Balaklava 5461 South Australia until they closed down and then I paid Eaglemoss for the remainder of the collection up to 118. For the last 2-3 years I have been getting them in dribs and drabs if I rang them. Now their phone number no longer picks up and my emails are never answered. I have spent over $1300 and only need 111, 115 and 118 to finish my collection if there is anyone who could help me please!!!
Hi Helen, from what we can tell, the Eaglemoss company is dead and buried. Some products may rise but it’s hard to tell. Here is what a former employee posted recently:
I am no longer an Eaglemoss employee! so I am finally free to talk about what’s going on. This has literally just happened so I want to say two things. The first is that I am so sorry that Eaglemoss’s communication has been non-existent. It’s terrible and I can only apologise.
Here is another post from them:
I haven’t been giving progress updates on what’s happening behind the scenes, and I still can’t because nothing is final, but I’m confident that October is going to be a good month, where we start to see some announcements about former Eaglemoss products. Keep watching…