# Phoenix Cellular Limited (09697970)

> Why UK company 09697970 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09697970

- **Status:** Administration ended
- **Administration began:** 2024-05-24
- **Administrators:** Dominik Thiel-Czerwinke, Louise Donna Baxter
- **Administrators' firm:** Begbies Traynor
- **Formerly:** Phoenix 2012 Limited
- **Incorporated:** 2015-07-22
- **Location:** Leigh-on-Sea
- **Industry:** 47421 Retail sale of mobile telephones

## Why it went into administration

- Creditor pressure / legal action

## From the administrators' statement

On 20 May 2024 the Company received a demand from solicitors acting on behalf of Coast Telecom (Coast) demanding payment of the sum of £620,000, less the value of Coast stock returned subject to Retention of Title, by 4pm on 24 May 2024, in default of which a winding up petition would be presented by Coast without

further notice.

Phoenix was unable to pay the sum demanded, is balance sheet and cashflow insolvent. The threat of a winding up petition constituted an Insolvency Action under the Praetura Asset Based Lending Agreement which Tregaron North West Limited (“Tregaron’) had taken assignment and benefit of.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09697970/filing-history/MzQyOTIxMTU1NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09697970

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.