Networks By Wireless Limited (04031289): administration
- Status
- Administration ended
- Administration began
- 2014-09-12
- Administrators
- Sarah O'Toole, Fraser James Gray, Simon Wilson
- Administrators' firm
- Maven Capital Partners
- Formerly
- Wireless Lans Holdings Limited; Galleonhold Limited
- Incorporated
- 2000-07-11
- Location
- Manchester
- Industry
- 61200 Wireless telecommunications activities
Why it went into administration
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated on 11 July 2000 and supplted wireless telecommunication and broadband infrastructure services 1n the UK.
During July 2014, a key suppher commenced the cessation of its services due to the non-payment of histoncal invoices, and breach of a previously agreed debt repayment plan
As the prolonged cessation of the supplier’s services would severely impact the Company’s ability to continue to operate, the directors engaged Zolfo Cooper LLP (Zolfo Cooper) to provide support in their negotiations with the supplier
Administrators' statement of proposals (2014-10-17) · Companies House register