Big Chief Studios, who specialized in 1/6 figures of British movie and television figures has filed for bankruptcy. They were most well known for being the only company making 1/6 Doctor Who and James Bond figures. Lots of people had a bunch of their stuff on preorder some of which have been on preorder for several years and it’s unclear if they’ll be getting their money back. What is the implications of this company going under?

>It is with heavy heart that I must inform our customers that despite our best efforts Big Chief Studios, the Company, has been forced to cease trading.

>Having gotten through the global pandemic, the subsequent numerous knock-on effects have combined, creating a perfect storm that has extended delays to both the manufacture and release of our products. The current cost of living crisis and economic downturn have resulted in plummeting sales, which has seriously impacted our ability to continue and for us to be able to negotiate the renewal of our key licenses with any certainty.

>I have carefully considered the financial position of the Company and following receipt of specialist advice from Begbies Traynor, I have concluded that the Company is unable to pay its debts and can no longer continue to trade. The necessary steps need be taken to place the Company into creditors’ voluntary liquidation. You will shortly be receiving a formal notification from them detailing the liquidation process and steps that you may be able to take to secure a refund of any deposits you may have paid.

>Having worked tirelessly for over a decade to deliver high-end collectables, it is deeply wounding for myself and the team. I am sincerely sorry to all our loyal customers and apologise wholeheartedly for the situation.

>Yours sincerely

>Mark Andrews
>Managing Director, Big Chief Studios Ltd.