UK Developer Argonaut has gone into administration following recent money worries.

It's a sad day indeed for anyone who remembers the nostalgic pleasures of the original Starfox game on the SNES as Argonaut closes its Sheffield studio and goes up for sale.

The future of the UK developer looked secure when it sealed the deal for the rights to this years Catwoman -the abysmal game based on the abysmal movie, the game was shunned by consumers, mainly because it was terrible and also because the movie was... well, terrible too. Bad game + bad sales = bad news for any developer. It's a simple equation that time and time again has proved the downfall of many a developing studio. This is even more of a sad story as Argonaut were for many yearsconsidered to be at the forefront of the booming UK gaming industry along with much larger studios such as Lionhead.

It's not all doom and gloom though, as it's reported that every effort is being made to keep the individual teams and their projects. Recent crimes against good gaming aside, it would be a shame to lose one of the few UK based developing studios that remain.