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Nintendo: EUK troubles will have only a "small" impact on business

Company owed around £10 million but insured for majority, says Yarnton

Nintendo's UK managing director David Yarnton has said that media reports of EUK owing the firm GBP 21 million are off the mark – the distributor has about GBP 10 million outstanding to the publisher.

The Sun reported yesterday that Nintendo and Microsoft are among many companies owed money following the collapse of EUK and retailer Woolworths.

"The amount of debt to Nintendo is not as high as GBP 21 million, as is being reported," said Yarnton in a statement.

"The actual amount is about half. Moreover, the majority of this has been insured," he insisted.

French publisher Ubisoft has said that it expects to lose around EUR 1.5 million from the Woolworths fallout.

Yarnton has played down the impact the debt will have on Nintendo, stating: "Even if the amount eventually becomes uncollectible, the impact to our company is small."

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Matt Martin

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Matt Martin joined GamesIndustry in 2006 and was made editor of the site in 2008. With over ten years experience in journalism, he has written for multiple trade, consumer, contract and business-to-business publications in the games, retail and technology sectors.

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