Nomi-Call Limited (04865526): administration
- Status
- Administration ended
- Administration began
- 2011-05-04
- Administrators
- Cameron Gunn, Mark Supperstone
- Administrators' firm
- ReSolve
- Incorporated
- 2003-08-13
- Location
- London
- Industry
- 7487
Why it went into administration
- Creditor pressure / legal action
- Competition / price pressure
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Property / lease costs
From the administrators' statement
The Company was founded in October 2003 as a joint venture with British Telecommunications plc (BT) The Company operated as a supplier of telephone calling cards and later in October 2007 launched a pre-paid mobile telephone services
The Company traded from leasehold premises at 4" Floor The Tower Building, 11 York Road, London SE1 7NX and employed 18 staff, including directors
Following incorporation, the Company grew rapidly achieving significant revenue growth in its early years, growing revenue to £50m by June 2006 and supplying 495 million calling card minutes annually The Company quickly established itself as a key player in the UK ethnic calling card market and developed a strong and well recognised brand within the sector
Administrators' statement of proposals (2011-06-29) · Companies House register