Monday, 4 November 2013

Railway Stories makers AudioGO enter administration

It has been reported that The Railway Stories audiobook producers AudioGO have gone into administration.

 The makers of the Michael Angelis narrated audios of The Railway Series, suspended business actions after irregularities in finance emerged on October 22nd.
Following the departures of 57 employees including managing director Mike Bowen and financial director Bradley Whittock on the 28th of the same month, AudioGO filed for administration.

 Member of administrator BDO, Mark Shaw, explained the problems that arose within the company; 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 BBC owned producers of The Hitchhikers Guide to the Galaxy, The Lord of the Rings and Doctor Who audiobooks, were in the early stages of planning a seventh volume of The Railway Stories for 2014.

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