Builder.ai developed AI tools to streamline app and website development. (Photo: Shutterstock) London-based technology start-up Builder.ai, backed by investors including Microsoft, has entered insolvency proceedings amid significant financial challenges. This decision follows a recent restatement of its revenue, and the acknowledgment of issues related to past leadership. The company, known for its claim that its…
A court case that could have led to Liberty’s Speciality Steel business going into insolvency has been adjourned until July. Rothbiz reported on a winding-up order being due this week regarding Liberty Speciality Steel, which has operations in Rotherham and Stocksbridge.. The hearing has been adjourned to July 16, with discussions ongoing to keep the…
Michelle Elliot – Restructuring advisory partner at FRP in Glasgow The number of company insolvencies registered in Scotland saw a modest decrease in April 2025, falling by 7% compared to the same month in the previous year, with 101 cases recorded. This total comprised 47 creditors’ voluntary liquidations (CVLs), 51 compulsory liquidations, and three administrations.…
Potential buyer for South Yorkshire steel company, court hears Insider Media Ltd Read the original article here
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An Australian activewear company has collapsed and is up for sale after more than ten years in business. Exoticathletica, a Queensland Sunshine Coast firm which sells colourful gear for women, had administrators appointed last month. SV Partners is now looking for a buyer for the “much-loved” brand, which was launched in 2014. Exoticathletica active wear.…
A popular Australian women’s activewear company has gone bust, owing $13m to creditors. Founded in 2014 by Leilani Chandler in Noosa, Exoticathletica is best known for its size-inclusive, vibrant and bright activewear and quickly became a popular choice for women across the country. However, the brand filed for voluntary administration on April 9, turning to…
Flutter announced the issuance of $2.8 billion in senior secured notes, maturing in 2031, to finance its acquisition of Snaitech Italia. The gambling giant acquired the Italian sports betting company last month for €2.3 billion. The notes will be available on The International Stock Exchange (TISE) across multiple currencies, including USD, EUR, and GBP.…
[LONDON] Builder.ai, the British artificial intelligence startup backed by Microsoft and the Qatar Investment Authority, is filing for bankruptcy after the chief executive officer said a major creditor had seized most of its cash. Viola Credit, which provided US$50 million in debt to the software firm last year, has seized US$37 million from Builder.ai’s accounts,…
Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire and a barrister at Exchange Chambers in Leeds Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire and a barrister at Exchange Chambers in Leeds, said: “April’s corporate insolvency figures were the highest we…