R Realisations 2 Limited (07501710): administration
- Status
- Administration ended
- Administration began
- 2020-07-07
- Administrators' firm
- KPMG
- Formerly
- Redeem Holdings Limited; Tbchpp Limited
- Incorporated
- 2011-01-21
- Location
- Birmingham
- Industry
- 47421 Retail sale of mobile telephones
Why it went into administration
- COVID-19
- Loss of a key customer, supplier or contract
- Sustained trading losses
From the administrators' statement
Redeem Holdings was incorporated in 2011, it is the parent company of Redeem Group which specialises in the provision of re-commerce, recycling and refurbishment of mobile electronic devices, for mobile network operators and retailers, as well as direct to consumers. Redeem Group operates one of Uk’s leading online retailer for used devices, Envirofone.
The group has global presence which has operations across Spain, Estonia, Sweden-and Middle East, amongst other countries through its foreign subsidiaries.
As detailed above, Redeem UK, the UK trading entity, also entered administration on 7 July 2020.
Administrators' statement of proposals (2020-09-07) · Companies House register