Axell Wireless Limited (04042808): administration
- Status
- Administration ended
- Administration began
- 2020-11-30
- Administrators' firm
- Alvarez & Marsal
- Formerly
- Aerial Facilities Limited; LAW 2202 Limited
- Incorporated
- 2000-07-25
- Location
- Brighton
- Industry
- 61200 Wireless telecommunications activities
Why it went into administration
- Funding withdrawn / unable to refinance
- COVID-19
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company was a provider of distributed antenna systems and commercial cellular systems. It was incorporated in July 2000 and was acquired by Cobham PLC (‘Cobham’) in 2014. Advent International (‘Advent’) acquired Cobham in January 2020 in a public to private transaction.
The Company was the sole trading entity of the Avenue 64 sub-group within Cobham, which included Avenue 64, the Company, A-xell Wireless AB, Axell Wireless Israel Limited and Axell Wireless Asia Pte Limited (‘the Group’) and operated primarily from its head office in Marlow, England. In addition, the Company had representation in Israel, USA, Portugal, Germany, France, Dubai, Turkey, Austria, Australia and Singapore.
As at the date of administration the Company employed 96 people in the UK. There were also connected company employees and consultants who provided assistance to the Company in both the UK and overseas. The Company’s total worldwide workforce was approximately 120 staff, of which 106 were employed directly by the Company as at the date of administration.
Administrators' statement of proposals (2021-02-02) · Companies House register