Prize Draw Company goes into Administration

**Jeebo72** · 17 February 2010, 13:48

Originally posted by Spacecadet View Post

http://news.bbc.co.uk/1/hi/business/8520243.stm

Too big to fail ... what next?

**Flubster** · 17 February 2010, 13:48

Sorry

**thunderlizard** · 17 February 2010, 13:50

It had become a bit of a joke (prize draws and waiting-room drivel). But it was revolutionary in affordably providing a wide range of up-to-date knowledge to ordinary people. The Internet of the 1930s really!

**DimPrawn** · 17 February 2010, 14:27

Does that mean I'm not now in with a chance to win £250,000 next week?

**thunderlizard** · 17 February 2010, 14:47

I think their preferred wording was "You could have already won", which is a genius bit of psychology. So your £250k, if it existed, should be safe.

**ratewhore** · 17 February 2010, 15:21

It's a bit concerning that it was the pension liabilities that brought down the company.

How many more to come?

**AtW** · 17 February 2010, 15:31

Originally posted by ratewhore View Post

How many more to come?

Plenty more if stock markets fall.

Prize Draw Company goes into Administration