The story
Builder.ai was an AI app-building platform in London. In May 2025 it collapsed into insolvency.
For 2023, revenue was presented to investors and creditors as about $180M. After a re-audit of the accounts, 2023 revenue was about $45M. That is the same metric, annual revenue, and the same year. The presented figure was about four times the re-audited figure.
As context only, not the comparison on this page: a 2024 projection of $220M was given to creditors. After the audit, 2024 revenue was reported at about $50–55M.
Claim versus proof: the 2023 figure presented to investors and creditors was about $180M a year. After a re-audit, 2023 revenue was about $45M a year. The reported figure was not supported by the audited data. Both numbers come from press reports citing people familiar with the matter, not from a published filing. We judge the number, not the person.
