BG Realisations 2024 Limited (06924413): administration
- Status
- Administration ended
- Administration began
- 2024-02-28
- Administrators
- David Robert Baxendale, Tom Crookham
- Administrators' firm
- PwC
- Formerly
- Bullitt Group Limited
- Incorporated
- 2009-06-04
- Location
- Leeds
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Competition / price pressure
- COVID-19
- Supply chain disruption
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Sustained trading losses
From the administrators' statement
Bullitt Group was founded in 2009 and is comprised of Reiver Limited, Bullitt Bidco Limited, Bullitt Group Limited, Bullitt Mobile Limited, Bullitt Satellite Connect Limited, Bullitt Mobile LLC (USA), Bullitt Information Consultancy (Shenzhen) Company Ltd (China), Bullitt Distribution Limited and Bullitt Audio Limited.
Bullitt Group is a consumer electronics business, which designs, markets and sells devices, predominantly phones and satellite messaging enabled bluetooth devices (‘the Defy satellite link ’), designed to be rugged and durable. The Bullitt Group’s key customers include distributors such as ATC, and Brodos, as well as active end users of the satellite business who rely on the satellite connect system to enable them to send messages via satellite where there is no phone signal.
Bullitt Group operates globally, primarily across Europe, Middle East, Africa, North and Latin America with their supply chain in Asia. Their key hardware supplier is Blue Sky Telecommunication Limited, and they additionally have key suppliers in the satellite service supply chain. The Bullitt Group had many partnerships in the past, with notable brands such as Caterpillar Inc., Motorola, Jaguar Land Rover and Kodak, amongst others. CAT and Motorola are the current licensors for all Bullitt Group products.
Administrators' statement of proposals (2024-03-07) · Companies House register