MindsEye developer Build A Rocket Boy has appointed administrators following its most recent wave of layoffs.

A filing with Companies House indicates the studio has appointed an administrator, though the actual filing is not available at the time of writing. Build A Rocket Boy has, however, confirmed to GamesIndustry.biz that Opus Advisory Group is acting as the company's administrator.

The appointment of an administrator indicates that a firm is insolvent and needs protection from legal action brought by the people and organisations it owes money to.

The most recently-available accounts for Build A Rocket Boy are for the 12 months ending September 30, 2025; for that financial year, the company posted a £47.5 million operating loss and a £36.2 million net loss, and, as of that date, owed its creditors a total of £61.8 million.

Build A Rocket Boy has attracted investment from companies including NetEase Games, RedBird Capital Partners and Galaxy Interactive. Directors representing these three firms were terminated from the board over the summer of 2026.

Build A Rocket Boy was founded in 2016 by Rockstar veteran Leslie Benzies. The company's debut project, MindsEye, launched on June 4, 2025, to negative reviews and a poor audience reception.

Within the month, around 300 staff received notices that they were at risk of redundancy. The IWGB Game Workers union announced legal action against Build A Rocket Boy in October 2025, alleging that the studio had mishandled the redundancy process.

Then in early 2026, employees at Build A Rocket Boy noticed that Teramind monitoring software had been installed on their work machines without notification from management.

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