Brian Johnson and David Birne of Fisher Partners, the Corporate Recovery and Restructuring Department of HW Fisher & Company, were appointed Joint Administrators of RTL Games Limited on 28 May 2009 by one of the company’s creditors.

“Rachel Lowe, the founder of the company, will be an integral part of any discussions with interested parties, moving forward.”

RTL Games Limited has developed a strong profile in the board games industry around its Destination games brand, which first came to prominence in 2004 when entrepreneur and managing director of RTL Game Limited, Rachel Lowe, pitched the idea of the Destination London board game on the BBC TV show Dragons’ Den.

Following the success of the Destination brand, RTL Games Limited branched out into the licensed board games sector, securing a contract with Warner Bros to produce a Destination Hogwarts game to coincide with the release of the latest Harry Potter film.

The film was due to be released in October 2008, but was delayed for a year, leaving RTL Games Limited unable to meet creditors’ demands for payment. The company was placed into administration at the beginning of May 2009.

Brian Johnson, insolvency partner, Fisher Partners, comments: “Our objectives are to either preserve the company or find a buyer for the business and assets of the company in order to pay both the secured creditors and the unsecured creditors.
“We believe RTL Games Limited represents an attractive niche opportunity for a company within the games industry that is interested in expanding its portfolio.

“The Destination brand is an established and recognized brand in the board games market and we have already been contacted by parties interested in either investing in the company or acquiring the business and assets of the company.”

“Rachel Lowe, the founder of the company, will be an integral part of any discussions with interested parties, moving forward.”

source: insolvency news

If you are interested in RTL games, please contact Brian Johnson of Fisher Partners:

Brian Johnson
Direct line: +44 (0) 20 7380 4989
bjohnson@hwfisher.co.uk

Fisher Partners
Acre House
11-15 William Road
London
NW1 3ER

T +44 (0)20 7388 7000
F +44 (0)20 7380 4900
E  info@hwfisher.co.uk

I saw the article about your licensing difficulties and we’re rooting for you.
Doesn’t the fact that the Harry Potter movie is finally coming out
represent a potential turnaround for your economic problems? Please
keep me (us) informed. Thanks, Yehuda

I’m sure you’ve kept it in perspective.  The people who count know why
you’re in the situation you’re in.
And you have an MBE and no-one can take that away.  Do look forward to
going to the palace later this year, Lisa

Hi Miss MBE:
Hi, I hope you are OK. Congratulations, Stephen

I have just heard the news and wanted to offer my congratulations,
fantastic! I hope you are well and matters are becoming easier. Drop me a line/call sometime.
Hope to see you soon, Peter

FarscapeX wrote:

Life can be hard; owning and running a business if more often than not very tough – so my heart goes out to Ms. Lowe – at least she tried her best. One of the best Presidents have several business failures, but look how he turned out – President Truman. Good luck Ms. Lowe, if you ever visit Washington, DC get in touch and I will treat you to the best meal in the best restaurant in town!

18/6/2009 1:55 AM BST SOURCE: http://www.mirror.co.uk/news/top-stories/2009/06/16/mbe-for-bust-dragon-boss-115875-21444487/

Eiman Munro (London) wrote
at 11:12am on June 14th, 2009

I don’t think ‘failing’ in business is such a bad thing for Rachel Lowe. In fact don’t we learn more from our mistakes than if we did everything right. And as for the Dragons being ‘savvy’ they have invested money businesses that also didn’t make a success of themselves as they planned out. So it’s not as if their judgement is the last word on matters.

I would congratulate Rachel Lowe in what she has achieved and also for here MBE

Source: www.facebook.com

Failure (if you want to call this sudden change in circumstances failure) is the condiment that gives success its flavour.  We are what we repeatedly do.  Excellence therefore is not an act, but a habit.  You have come out of each setback repeatedly stronger.  So too will you come out of this a more powerful person.    Take heart that this is only a temporary setback, one of those ups and downs that is so much part of life.

Rachel, I wish you all the best.

Best regards
Eileen

Dear Rachel,

As Director of a film production company I empathise completely with your struggle and hope you continue the fight and be strong. Hard work and talent will pay you back in droves and I wish you all the best,

Kind Regards

Jon Max Spatz

Director, Signature Pictures