Build A Rocket Boy Enters Administration After £47.5m Loss
Build A Rocket Boy, the studio behind MindsEye, has appointed administrators after posting a £47.5m operating loss and owing creditors £61.8m.
Build A Rocket Boy has appointed administrators, indicating the studio is insolvent. Opus Advisory Group is acting as administrator, according to gamesindustry.biz.
The studio, founded in 2016 by Rockstar veteran Leslie Benzies, reported a £47.5 million operating loss and a £36.2 million net loss for the financial year ending September 30, 2025. As of that date, it owed creditors a total of £61.8 million.
MindsEye, the studio's flagship title, launched on June 4, 2025, to negative reviews and poor audience reception. Within a month of release, around 300 staff received redundancy risk notices. The IWGB Game Workers union announced legal action in October 2025 over the redundancy process.
The studio's troubles continued into 2026. In early 2026, employees found Teramind monitoring software installed on work machines without notification. In March 2026, the company alleged an organised espionage and corporate sabotage effort against it. The most recent wave of layoffs occurred in September 2026.
In April 2026, Build A Rocket Boy released the Blacklisted update for MindsEye. Over the summer of 2026, directors representing NetEase Games, RedBird Capital Partners and Galaxy Interactive were terminated from the board.
Quick answers
What happened to Build A Rocket Boy?
The studio appointed administrators, with Opus Advisory Group acting as administrator, indicating insolvency.
What was MindsEye's reception?
MindsEye launched on June 4, 2025, to negative reviews and poor audience reception.
How much did Build A Rocket Boy lose?
For the financial year ending September 30, 2025, the company posted a £47.5 million operating loss and a £36.2 million net loss, owing creditors £61.8 million.