Game almost up for Mind Candy, creator of Moshi Monsters

Mind Candy will struggle to remain in business if it cannot expand revenue and renegotiate the repayment of a loan from one of its investors.

Mind Candy, a company that was once the showpiece start-up of the London tech scene and the creator of the children’s brand Moshi Monsters, will struggle to remain in business if it cannot expand revenue and renegotiate the repayment of a loan from one of its investors, the company and its auditors said Tuesday.

The company saw its revenue cut almost in half to £7.2m (€7.96m) in 2015, according to its annual accounts filed with UK business registry Companies House Tuesday.