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Instrument Maker Roli Collapses Into Insolvency, Leaving Customers Without Products
Music device maker Roli goes into administration, leaving customers who paid for orders without products or refunds.
Key points
- Two licensed insolvency practitioners were appointed joint administrators of Roli on October 20, the company told users by email on Monday.
- Roli previously went into administration in 2021 and survived by relaunching as Luminary Roli.
- Users fear that without software support their Roli hardware could eventually be bricked, although the hardware still functions.
Why it matters. Customers who paid for Roli equipment may not receive their products or refunds, and existing owners worry that lost software support could leave their gear unusable.
Roli, the music device maker, went into administration after two licensed insolvency practitioners were appointed joint administrators on October 20, the company told users by email on Monday. It is the second time Roli has gone bankrupt, after its 2021 administration, and some customers say they paid for orders months or years ago with no refund. Its backers TriplePoint Capital and Hoxton Ventures did not respond to requests for comment, and the company did not reply to WIRED.
Latest updates
Instrument Maker Roli Collapses Into Insolvency, Leaving Customers Without Products
Roli, the maker of inventive music instruments, has collapsed into insolvency, according to WIRED. Customers who had paid for products are left without them, and existing users are struggling to keep their equipment supported. WIRED reports that Roli reportedly ousted its founder and chief executive, Roland Lamb, earlier this year, although the company has not made an official announcement. In August, a new company called Instrumental Intelligence was registered with the UK government under Lamb's name, which WIRED says could be a move to acquire Roli's assets. On Monday, Roli reportedly sent an email to customers, but the details of that message were not available in the coverage reviewed. Further information on the insolvency process and any asset sale is expected.