GTA Veteran's MindsEye Studio Build a Rocket Boy Has Entered Administration, Following yet More Reports of Layoffs Last Week
The studio reported a £47.5 million operating loss and about £61.8 million owed to creditors as layoffs continued through 2026.
- Build A Rocket Boy has filed for administration, appointing Opus Advisory Group to manage the insolvency process following recent layoffs at the troubled studio.
- Financial struggles plagued the studio, which reported a £47.5 million operating loss; CEO and CTO Mark Gerhard described the MindsEye launch as "without doubt, the worst launch in history."
- Redundancies significantly reduced headcount throughout 2026, leaving about 80 staff following a May round affecting around 170 employees, while Leslie Benzies alleged "internal and external" forces hindered MindsEye's release.
- The company is placed in "statutory moratorium," freeing it from creditor enforcement while administrators attempt to rescue it as a going concern; employees are helping wrap up operations.
- Founded in 2016 by Leslie Benzies, the studio initially envisioned Everywhere as a platform but struggled to recover MindsEye, cutting its price to $35 before filing for administration.
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MindsEye developer Build A Rocket Boy enters administration after year of layoffs
MindsEye developer Build A Rocket Boy has entered administration after more than a year of layoffs and attempts to recover from the game’s disastrous launch. The studio confirmed to GamesIndustry.biz that Opus Advisory Group is acting as administrator, putting the company into a formal insolvency process. The company’s latest accounts, covering the nine months ending Sept. 30, 2025, show just how difficult its position had become. British studi…
GTA veteran's MindsEye studio Build a Rocket Boy has entered administration, following yet more reports of layoffs last week
Last week brought reports of further layoffs at Build A Rocket Boy, the beleaguered studio behind the poorly received 2025 shooter MindsEye. In the wake of that news, the company - which has repeatedly attempted to blame its woes on 'sabouteurs' - has filed for administration.
Video game company Build a Rocket Boy in administration
The company which former Rockstar North director, Leslie Benzies, established in 2018, is now in administration. A notice on Companies House confirms that an administrator has been appointed, and although it will take time for the details to be announced formally, it is understood the officials appointed are Allister Manson and Mark Harper of Opus […] The post Video game company Build a Rocket Boy in administration appeared first on The Edinburg…
It has been revealed that Build A Rocket Boy Ltd, the parent company of the Build A Rocket Boy Group, known for developing "MindsEye," entered administration, the UK's equivalent of bankruptcy proceedings, on September 23rd.
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