Audiobook publisher and retailer AudioGO has confirmed that it has filed for administration.
The company filed a notice of intention to appoint administrators on Friday (25th October), with firm BDO expected to be appointed to the role this week.
The company suspended its business operations earlier this month, following "recently discovered significant financial challenges". Hopes that the company would find a buyer or investor before administration have now receded.
Based in Bath, AudioGO has a workforce of around 100 employees and employs a stable of freelance producers, editors and actors.
The company has confirmed that "significant redundancies" are expected later this week.