0800 644 6080
Call FREE from Landline and Mobile
Est. 1989

Popular 'Zombie Chase' Brand 2.8 Hours Later Enters Liquidation to the Disappointment of Fans

Written by: Keith Tully

Reviewed: Saturday 25th July, 2015

An events firm that has been organising zombie-themed chase games in cities around the UK for the past several years has entered liquidation after failing to balance its finances.

Trading until this week as Slingshot Effect Ltd, the business estimates that some 50,000 people have participated in its real world zombie chase events throughout the country but all its operations are now being shut down.

In a statement on their Facebook page, the ‘2.8 Hours Later’ organisers explain that they have struggled to absorb rising costs associated with their events, with high insurance premiums cited as a particularly burdensome cost for the business.

As well as rising expenditure, Slingshot’s founders pointed to falling participation levels and a basic inability to generate profits consistently as key reasons for their company having to cease trading and enter liquidation.

“2.8 has been a labour of love. So in all the other years we’ve run it, we’ve not actually charged enough to make any profit,” Slingshot’s founders wrote in a candid social media post on July 24th.

“We have seen a massive tail off in sales. As an attempt to limit our losses we were forced to cancel games in entire cities like Leeds and Sheffield. But in the end this just destroyed our cash flow and we have been unable to meet our financial commitments,” they wrote.

Prior to the company becoming insolvent, its cancelled events and promises of ticket refunds were met with cynicism as critical remarks were posted online by some unhappy customers.

“Liverpool 2015 cancelled and promised a refund for volunteering as a zombie. Despite several promises and lots of emails I still have not had my £45 back. So beware as there seem a lot of false promises here,” one disappointed customer wrote recently on 2.8 Hours Later’s Facebook wall.

However, Slingshot’s founders were met with warm words of encouragement and gratitude from former zombie event participants when news of their company’s liquidation was publicly announced.

“Really sorry to hear this, the games were awesome, don’t give up, you can’t keep something this good down,” wrote one commenter.

“I’m very sorry to hear this. A great creative and brave venture. I hope that you both find a new project soon,” added another.

Nonetheless, there has also been a good deal of dissatisfaction and frustration among some Facebook users who have apparently already booked tickets for zombie-themed events organised by the company that were scheduled for later this year.

It isn’t clear whether refunds will now be issued to would-be game players as the company looks to repay its creditors upon liquidation.

 

Keith Tully

Author
Keith Tully
Partner

Join Keith Tully on Linked In Join Keith Tully on Google Plus Follow Keith Tully on Twitter

Keith has been involved in Business Rescue since 1992, during which time he’s worked for both independent and national firms. His specialties include company restructuring matters and negotiating with HMRC on his clients behalf.

Meet our Team of Experts

Who we help

  • Company Directors
  • Finance Directors
  • Sole Traders
  • Accountants
  • Small Businesses
  • Large Businesses
  • Partnerships

Contact our team

Jonathan Munnery
Andrew MacKenzie
Julie Palmer
Thomas Mckay
Keith Tully
Processing...
or Find your Nearest Office

Here at Real Business Rescue we take your privacy seriously and will only use your personal information to contact you with regards to your enquiry. We will not use your information for marketing purposes. See PRIVACY POLICY

Our numbers speak for themselves

55
Number of UK Offices
30000
Directors Helped
70+
Licensed Insolvency Practitioners