Gamesindustry.biz (thanks Boomtown) has news that Lost Toys, the UK-based developer formed by former employees of Bullfrog and Electronic Arts, has shut its doors. The company had released two games, MoHo and Battle Engine Aquila, and was at work on Stunt Car Racer Pro when the decision to close the company came down. Word is: "Company director Jeremy Longley confirmed that development has ceased at the studio, stating that he and the other directors are now investigating opportunities to maximise the potential of the developer's intellectual property."