Tune in to BBC Solent tomorrow morning from 7.15am. Rachel Lowe MBE will be talking about the new Harry Potter film which is being released.

Rachel’s company RTL Games made the official board game Destination Hogwarts which is available on sale from retailers across the country including Amazon and Debenhams.

Rachel’s company recently went into Administration after the film was moved -find out what’s happening next and how you can get a copy of the game…

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

The 31 year old from Portsmouth, who featured in series 1 of the BBC2 television show Dragon’s Den, was today to be listed on the Queen’s Birthday Honours list.

Recommendations for the list go through a committee, before being forwarded to the Prime Minister for submission to The Queen for approval. The list is published in The London Gazette and other national media.

Rachel has been committed not only to her own business, but to others thinking about setting up, providing inspiration and advice.

She says: “I’ve always been passionate about encouraging entrepreneurial spirit in young people and I enjoy passing on what I’ve learned and inspiring people to follow their dreams.”

“I couldn’t believe my eyes when I received the letter and it still hasn’t sunk in. It’s a great honour.”

Rachel developed her board game, Destination, whilst cab-driving and formed RTL Games Ltd in 2003 from which 21 different editions of the successful game were born.

Rachel, who is mother of two girls, will attend an investiture at The Palace later this year to receive her MBE from the Queen.

Owing to circumstances beyond her control, Rachel’s business, RTL Games, went into administration earlier this year, but she remains excited about her future.

Rachel is now working closely with Fisher Partners who were appointed as the official administrators in order to find a buyer for the company. Rachel remains positive, having received a great deal of interest from potential investors.

Rachel says “The events of the past 6 months will only strengthen my campaign towards improving access to funding for companies at their crucial stages of development.”

I enjoy the media side of things, as it’s a great opportunity to promote enterprise and get involved in projects that really make a difference. – Rachel Lowe

However, I do question whether too much emphasis is placed on promoting start-ups and not enough focus on businesses which are trapped in the classic scenario of growth verses cash flow.

Around 80% of start-up companies will go bust within the first few years. What I find disturbing is the fact that there is plenty of support and funding for start up companies, but very little when you get the point of actually getting to the next level. This is where companies fall down because they simply cannot fund their growth, so resources become stretched and all the work they have put in becomes pointless as they cannot move forward.

My mission is to be heard. To help the government find a positive way forward. To set up a scheme that will bridge the gap and turn the statisctics around so that more companies make the jump.

The future of our economy depends on it.

If you have a business and can relate to the above, please post your comments.