Creative tech firm Talenthouse is close to failure as debts mount

Talenthouse, whose clients have included Netflix, Coca-Cola, Nike and the UN, is facing legal action by creditors in the UK and is understood to have laid off most of its workforce, with top executives also departing its parent company in recent days.

Its parent company, Talenthouse AG, has also announced the closure of four other subsidiaries saying they cannot afford to pay outstanding bills, including staff wages.

The news leaves many Talenthouse suppliers, contributors and staff in financial limbo.

In recent years it has struggled financially, with insiders blaming a series of acquisitions that drained money from the business and a wider tech sector downturn. In recent months, staff across the company have been laid off and almost all key executives have departed.