Over its lifetime Eurocom was known as the primary developer of the James Bond video games.
In a statement issued to website Eurogamer, the developer said it was unable to secure a new contract or pay outstanding wages.
“The Administrator and the company's directors have been negotiating with customers surrounding new contracts to develop console games, however these contracts could not be secured in time and due to insufficient funds to pay outstanding wages, Eurocom today entered Administration.”
The Directors of Eurocom also released a message thanking staff for their hard work over the years.
"The Directors of Eurocom would like to offer their heartfelt thanks to all their staff that have been made redundant at this difficult time, and show their appreciation of all of their hard work in consistently delivering exceptional games."
Eurocom was founded in 1988 to develop games for the Nintendo Entertainment System (NES) and was responsible for seven James Bond video games over its lifetime.
James Bond Jr. (NES & SNES, 1991), The World Is Not Enough (N64, 2004), James Bond 007: Nightfire (GCN, PS2, XBOX, 2002), Quantum of Solace (PS2, 2008), GoldenEye 007 (Wii, 2010), GoldenEye 007: Reloaded (XBOX 360, PS3, 2011) and 007 Legends (XBOX 360, PS3, PC, Wii U 2012).
Their most recent release 007 Legends was poorly received by critics and failed to gain sales momentum.
007 Gamer wishes all the people at Eurocom the very best.
