Category Archives: Bankruptcy

Microsoft-backed UK tech unicorn Builder.ai collapses into insolvency – Financial Times

Microsoft-backed UK tech unicorn Builder.ai collapses into insolvency  Financial Times Read the original article here

AI unicorn Builder.ai confirms insolvency proceedings

Today Microsoft-backed Builder.ai has announced that it will enter insolvency proceedings.  The company confirmed to the Financial Times that its main unit, Engineer.ai Corporation, “will be entering into insolvency proceedings and will appoint an administrator to manage the company’s affairs”. UK unicorn Builder.ai developed an AI-powered composable software platform that integrates Lego-like reusable features with…

Monthly company insolvencies rise to highest level since last July

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth Business insolvencies rose in April to their highest level since July last year…

Monthly company insolvencies rise to highest level since last July

Business insolvencies rose in April to their highest level since July last year after firms faced fresh tax increases, according to official data. Registered company insolvencies in England and Wales grew by 3% to 2,053 in April compared with the previous month, the Insolvency Service revealed. It was, however, still down 5% against the same…