UK publisher Empire Interactive has officially gone into administration, leaving 49 members of staff redundant.
The company's intellectual property has already been sold to New World IP in the US. Empire-published titles include Pipe Mania, Ford Racing Off Road, Hello Kitty: Big City Dreams and the FlatOut series.
Administrator KPMG Restructuring has been appointed to wind down the business. "Despite the fact that the gaming industry has been relatively unscathed by the current recession, trading losses, development spend and a delay in recent new product approval had a fatal impact on the Empire's cash flow," said KPMG's Ian Corfield.
"We are not looking to sell the business as a going concern and are effecting an orderly wind-down of Empire's operations."