Word from the Eurogamer forums suggests that Free Radical may have closed its doors, as members from the development team turned up at the offices today only to find that the locks were changed and security outside not letting anyone in.
The UK-based developer is currently working on TimeSplitters 4 and Star Wars: Battlefront 3.
More on this as it develops.
UPDATE
We contacted an employee of Free Radical to see what was going on, and at this time they are unable to comment.
"Sorry dude, can’t comment." – Free Radical employee
UPDATE
The Nottingham Evening Post has gotten clarification on this situation and has revealed that Free Radicle is moving into an "administrative" state.
"A Computer games company which employs 185 people has gone in to administration.
Staff at Free Radical Design, which is based in Bostocks Lane, Sandiacre, turned up to work this morning to find the locks had been changed.
A note stuck on the door told them to attend a meeting at the nearby Novotel at midday.
Cameron Gunn, of Resolve Partners, the administrators that have been called in to deal with the firm, said: "The company was placed in to administration yesterday afternoon.
"We will be spending the next three or four days assessing the financial position of the company but it’s business as usual, although we have asked that almost all of the employees apart from a skeleton crew remain at home."
"All employees have been paid up until the end of December and we hope to make another announcement before Christmas or very soon thereafter, but we must stress at this stage that it’s business as usual."