Smart Data Foundry Limited, an Edinburgh-based not-for-profit company established in 2022 to leverage private sector financial data for public benefit, has collapsed into administration due to a funding shortfall and cash flow constraints. Joint administrators from FRP Advisory ceased trading immediately upon their appointment, resulting in 25 redundancies while five employees were temporarily retained to safeguard assets such as intellectual property. The firm previously worked on societal challenges and projects including a festival planner dashboard, and administrators are now assisting affected staff while seeking to realize value from the remaining assets for creditors.

Smart Data Foundry Limited, an Edinburgh-based not-for-profit company established in 2022 to leverage private sector financial data for public benefit, has collapsed into administration due to a funding shortfall and cash flow constraints. Joint administrators from FRP Advisory ceased trading immediately upon their appointment, resulting in 25 redundancies while five employees were temporarily retained to safeguard assets such as intellectual property. The firm previously worked on societal challenges and projects including a festival planner dashboard, and administrators are now assisting affected staff while seeking to realize value from the remaining assets for creditors.