Plextek loses 20 per cent of annual turnover

A report in the Financial Times revealed that Cambridge design group Plextek, which created the console for defunct gaming company Gizmondo, lost the equivalent of 20 per cent of its annual turnover, when the company went into liquidation last month. The consultancy, which took a 20 per cent stake in Gizmondo in lieu of some of its fees, claims it was not paid for work relating to a second generation version of the console.