A beloved company behind some of the best science fiction models on the market today is staring down major financial challenges, according to a report.
On July 12 Eaglemoss Limited reportedly filed a “Notice of Intention” with the courts in its home in the United Kingdom, declaring its plan to go into administration. This is according to Greg Connell, Managing Director of business publication Infolink Gazette, which monitors such filings at the U.K. High Court. Connell added that Eaglemoss’s revenue had peaked at £68 million, but in the most recent filed accounts had fallen to £31.6 million.
Though it is filed with the U.K. courts, a “Notice of Intention” is not a bankruptcy filing. Instead this is a path that permits companies to submit to an administrator to clean up its finances, pay its creditors, and avoid liquidation. Eaglemoss could emerge intact from this process, or if the reorganization proves unsuccessful the sale of its assets might lie in its future.
While this breaking story is thus far based on a single source, Bleeding Cool says that they have confirmed the report through their own (unnamed) sources.
Eaglemoss has not yet responded publicly to the reports, and its customer service has remained closed. While the company’s main Web sites are still online, the retail shop has been down for about a week now (in the middle of a sale). The site includes a message that it is undergoing maintenance. Eaglemoss’s Twitter accounts have also been silent in the days since the filing.
The company distributes its products globally in more than 30 markets.
Eaglemoss just started releasing Stargate ship models under license from MGM, with the U.S.S. Daedalus released in late 2021. The Goa’uld Mothership and Death Glider were released in the first half of 2022, but to date no announcement has been made regarding a fourth ship in the new series.
The “Hero Collector” line of model ships also spans the Star Trek universe, Battlestar Galactica, The Expanse, and more.
The company also publishes some of its products on a subscription model, where fans sign up and receive a piece of a larger model (such as the Enterprise 1701-D, or the Back to the Future DeLorean) one piece at a time. These customers now face the real possibility that their models might not be completed.
We’ll keep our ears open for updates. Meanwhile here is a look at GateWorld’s unboxing of the two newest Stargate ship models: