STG Realisations 2015 Limited (04372471): administration
- Status
- Administration ended
- Administration began
- 2015-04-17
- Administrators' firm
- FRP Advisory
- Formerly
- Shebang Distribution Limited; Kaboodle Limited; GO Distribution (UK) Limited
- Incorporated
- 2002-02-12
- Location
- Birmingham
- Industry
- 46900 Non-specialised wholesale trade
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Bad debts / customer insolvency
- Property / lease costs
From the administrators' statement
The Company has been operating since 2002, tnitially as a retailer of mobile phones and accessories and soon became the third largest independent mobile phone retail chain (‘Go Mobile”) in the UK in 2012, with 100 stores nationwide, turnover peaking at £58m and employing a workforce of 240.
Following a dispute with a network provider it was necessary to restructure the Company and the wider group in 2012. The Company sold its high street retail and web based sales operations and concentrated on developing its mobile virtual network offering (‘MVNO”) hosted on the Hutchinson 3G UK Limited (‘Three’) network, together with the sale of associated accessories and network top up charges. The Company relocated from its Daventry headquarters into smaller, leased premises nearby and also reducing its workforce to approximately 35 staff.
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Administrators' statement of proposals (2015-06-16) · Companies House register