HAGGIS PINBALL IN LIQUIDATION

Pinball News Website·article·analyzed·Jul 18, 2024

Analysis

claude-haiku-4-5-20251001 · $0.020

TL;DR

Haggis Pinball liquidated after production delays and financing failure.

Summary

Haggis Pinball, an Australian boutique manufacturer founded in 2018 by Damian Hartin, has entered liquidation after failing to secure financing. The company released Celts (original design) and Wraith, then pivoted to remaking classic Bally games (Fathom Revisited, Centaur Revisited) but faced repeated production delays, parts availability issues, and communication breakdowns. Pre-order customers are now classified as unsecured creditors and unlikely to recover payments.

Key Claims

Haggis Pinball ceased trading and appointed liquidators due to failure to secure financing
high confidence · Official regulatory documentation and liquidator appointment; confirmed by formal resolution and Cathro & Partners appointment
Celts was the company's first commercial release but sold in only modest numbers despite positive reviews
high confidence · Direct statement in article describing release and commercial performance
Production of Fathom Revisited slowed amid parts availability issues and lack of funding
high confidence · Article states 'Production of the Fathom remake appeared to have slowed amid rumours of parts availability issues and lack of funding'
In February 2024, Damian warned buyers that the company needed to refinance, reorganize processes, and abandon just-in-time parts delivery
high confidence · Article documents February communication to buyers about restructuring needs
Direct purchasers from Haggis are classified as unsecured creditors and are very unlikely to receive any refunds
high confidence · Legal/creditor hierarchy explanation in article: 'Buyers of the company's pinball machines who purchased directly with Haggis are classed as unsecured creditors and are amongst the last to be paid back'
Centaur Revisited pre-orders were announced mid-way through Fathom Revisited production
high confidence · Timeline documented in article showing overlapping pre-order campaigns
Damian Hartin was very active on social media initially with near-daily development videos, but communication gaps gradually lengthened from days to weeks to months
high confidence · Article describes communication pattern change: 'the gaps between the updates turned from days to weeks, and then to months'
No further communication received from Damian or Haggis Pinball since February 2024
high confidence · Article states 'Since then, no further communication has been received from Damian or Haggis Pinball'

Notable Quotes

“It should serve as a salutary lesson about the dangers of pre-paying, either in part or in whole, for a machine from a new manufacturer.”
Pinball News — Industry warning about pre-order risks; establishes Haggis as cautionary tale for the pinball community
“Many cautioned that the Centaur Revisited pre-order funds might be needed to finance ongoing Fathom Revisited production, a suggestion which appeared to gain traction”
Pinball News (reporting community concern) — Documents early warning signs of financial instability and potential misuse of pre-order funds
“Buyers who paid either a deposit or the full purchase price through one of Haggis's distributors should have some level of protection as their contract is with the distributor and not Haggis.”
Pinball News — Key distinction between direct and distributor purchasers regarding refund prospects

Entities

Haggis Pinballcompany Damian Hartinperson Celtsgame WraithgameFathom RevisitedgameCentaur RevisitedgameCathro & PartnerscompanyFlip N Out Pinballcompany

Signals

?
business_signal: Customers who purchased directly from Haggis classified as unsecured creditors with virtually zero recovery prospects; distributor customers have better legal protection
high · Creditor hierarchy documentation: direct purchasers are unsecured creditors 'amongst the last to be paid back' and 'very unlikely to receive any of their payments back'
?
business_signal: Haggis Pinball liquidation represents major manufacturer failure; cautionary tale for boutique market sustainability
high · Formal liquidation appointment, failed financing, regulatory documentation, customer funds lost
?
community_signal: Haggis Pinball collapse will intensify community debate about pre-order risk, manufacturer vetting, and direct vs distributor purchases
high · Article explicitly warns about dangers of pre-paying; establishes Haggis as salutary lesson for industry
$
market_signal: Failure demonstrates challenges of independent manufacturers competing in boutique pinball market; geographic/supply chain disadvantages for Australian operation
high · Article concludes: 'The failure of Haggis Pinball demonstrates the difficulties building pinballs machines at scale, especially in a country where the cost and reliable supply of the necessary parts can be problematic'
$
market_signal: Haggis Pinball pricing and value proposition could not sustain sales despite positive reviews; modest sales of Celts contributed to cash flow problems
medium · Celts received positive reviews but sold in only modest numbers; insufficient revenue to sustain operations despite original design

Topics

Manufacturer failure and liquidationprimaryPre-order risk and customer protectionprimaryProduction delays and supply chain issuesprimaryClassic game remakes (Fathom, Centaur)secondaryOriginal pinball designs (Celts, Wraith)secondaryCreditor hierarchy and refund prospectssecondaryManufacturing challenges in AustraliasecondaryCommunication breakdowns with customersmentioned

Sentiment

negative(-0.95)— Article documents complete business failure, customer financial loss, and serves as explicit industry warning. Tone is factual but the content is uniformly negative regarding customer outcomes and business viability. The concluding statement about dangers of pre-paying reinforces severe cautionary sentiment.

Transcript

raw_text · $0.000

Australian pinball manufacturer, Haggis Pinball, has ceased trading and appointed liquidators as the business failed to secure financing to continue its operations. The Melbourne-based company was run and entirely owned by Damian Hartin and began in 2018 with a game originally called Ghosts. !Damian Hartin from Haggis Pinball Damian Hartin from Haggis Pinball That name was changed to Wraith and the design was developed alongside a second title called Celts. Celts went on to be the company’s first commercial release but, despite positive reviews, only sold in modest numbers. ![The Celts game from Haggis Pinball](https://www.pinballnews.com/site/wp-content/uploads/shows/pinball-expo-2019/186-pinball-expo-2019.jpg) The Celts game from Haggis Pinball The company moved away from original designs for their second title which was a remake of the classic Bally game, Fathom. Fathom Revisited was launched in April 2021 with two versions offered, a Classic Edition and a Mermaid Limited Edition. Deposits were required initially, with the balance to paid closer to the time of manufacture. ![The flier for Haggis Pinball's Fathom Revisited](https://www.pinballnews.com/site/wp-content/uploads/games/fathom-revisited/02-fathom-revisited.jpg) The flier for Haggis Pinball’s Fathom Revisited Concerns began to be raised as production numbers and delivery dates were repeatedly missed with little communication about what was happening. When the company started, Damian was very active on social media, producing video updates on their development of Celts on a near daily basis. Gradually, the gaps between the updates turned from days to weeks, and then to months. The launch of the company’s third title, a remake of the Bally Centaur game, took place mid-way through production of Fathom Revisited. ![The front of the Oblivion Edition flyer](https://www.pinballnews.com/site/wp-content/uploads/games/centaur-revisited/002-centaur-revisited.jpg) The front of the Oblivion Edition flyer Production of the Fathom remake appeared to have slowed amid rumours of parts availability issues and lack of funding. Many cautioned that the Centaur Revisited pre-order funds might be needed to finance ongoing Fathom Revisited production, a suggestion which appeared to gain traction as full payment requests were sent out with no indication the buyers’ games were about to be built. Monetary concerns increased in February this year when, after a prolonged silence, Damian contacted buyers of Fathom Revisited and Centaur Revisited games to advise them that the company needed to refinance and reorganise their processes. He warned that machine production, which had already slowed to a trickle, would need to be reduced further as the company restructured and ditched their just-in-time parts delivery method which was no longer fit for purpose. Since then, no further communication has been received from Damian or Haggis Pinball. Today the company closed their social media presences on Facebook, Instagram and YouTube, and removed their website on WordPress. Their X account is still active at the time of writing, although it hasn’t been updated since January 2022. At a general meeting today, the company’s only shareholder – Damian, who owns all 5,000 of the AU$1 shares issued – voted in favour of a special resolution to wind up the business’s operations as insolvent, and appoint a liquidator. ![The resolution to wind up Haggis Pinball's operations](https://www.pinballnews.com/site/wp-content/uploads/news/haggis-pinball-in-liquidation/03-haggis-pinball-in-liquidation.jpg) The resolution to wind up Haggis Pinball’s operations The appointment of Cathro & Partners as liquidators spells the end of Haggis Pinball, as any remaining assets are sold in an attempt to raise money for creditors of the company. ![The regulatory notice announcing the appointment of liquidators](https://www.pinballnews.com/site/wp-content/uploads/news/haggis-pinball-in-liquidation/04-haggis-pinball-in-liquidation.jpg) The regulatory notice announcing the appointment of liquidators Those creditors are likely to include the tax authority and banks who will be deemed secured creditors and receive preference when allocating any monies recovered. Buyers of the company’s pinball machines who purchased directly with Haggis are classed as unsecured creditors and are amongst the last to be paid back. In effect this means they will be very unlikely to receive any of their payments back. Buyers who paid either a deposit or the full purchase price through one of Haggis’s distributors (Flip N Out Pinball, Nitro Pinball, RS-Pinball, Pinball Heaven) should have some level of protection as their contract is with the distributor and not Haggis. It will then be up to the distributor to offer refunds. The landlord of Haggis Pinball’s factory also confirmed operations there have ceased and that the premises will shortly be available to rent. The failure of Haggis Pinball demonstrates the difficulties building pinballs machines at scale, especially in a country where the cost and reliable supply of the necessary parts can be problematic. It should serve as a salutary lesson about the dangers of pre-paying, either in part or in whole, for a machine from a new manufacturer. At the time of writing there had been no statement from the company about the reasons for the failure of the business, the fate of any completed but as-yet unshipped machines, or the prosects of a refund in part or in full of pre-order payments. If that changes, we’ll bring you the details right here at Pinball News.