Avanti Communications Limited (03101607): administration
- Status
- Administration ended
- Administration began
- 2022-04-13
- Administrators
- Ali Abbas Khaki, Lisa Jane Rickelton, Matthew Boyd Callaghan
- Administrators' firm
- FTI Consulting
- Incorporated
- 1995-09-13
- Location
- London
- Industry
- 61300 Satellite telecommunications activities
Why it went into administration
- COVID-19
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
- Regulatory change or action
- Competition / price pressure
From the administrators' statement
Pie is the holding company of the Group which operates satellites. ACL is an operating company within the Group which holds certain licenses and supplier and payroll relationships.
Simplified Pre-transaction Group Structure Brief History of the Companies
• The Group is a Ka-band satellite operator for data communications and broadband, operating five GEO satellites.
Administrators' statement of proposals (2022-04-19) · Companies House register