News

High Court closes online games store

Ian Grant

The High Court has closed down a Lancashire-based company that induced customers to buy online computer games consoles that it then failed to supply.

The High Court yesterday wound up Netwise Computing of Preston, following an investigation by the companies investigation branch (CIB) of the Insolvency Service.

Netwise initially sold internet-related services such as domain names and websites hosting for clients. In 2008 the company, trading as "Stridergold", ran websites that offered computer games for sale either individually or by the pallet.

Customers who paid for the consoles did not receive the ones that they had paid for. The investigation found no evidence to suggest the company had any such goods available.

The court heard evidence that included: a lack of clarity in the control of the company; the involvement of a disqualified director in the sale of the computer games consoles; and a failure to produce accounting records. This meant that it was impossible to ascertain either the company's income and expenditure or the extent of the losses to the public.

The High Court found it was in the public interest that the company be wound up.


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