# Networks By Wireless Limited (04031289)

> Why UK company 04031289 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04031289

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04031289/filing-history/MzEwOTYzMDEyM2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04031289

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.