R Realisations 1 Limited (09958966): administration
- Status
- Administration ended
- Administration began
- 2020-07-07
- Administrators' firm
- KPMG
- Formerly
- Redeem UK Limited
- Incorporated
- 2016-01-19
- 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
- Parent or group failure
From the administrators' statement
Redeem UK was incorporated in 2016 into the wider Redeem Group and 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. The company operates one of the Uk’s leading online retailer for used devices, Envirofone.
Redeem UK is part of the wider Redeem Group, which has operations across Spain, Estonia, = Sweden and Middle East, amongst other countries through its foreign subsidiaries.
As detailed above, Redeem Holdings, the parent to the global group, also entered administration on 7 July 2020.
Administrators' statement of proposals (2020-09-07) · Companies House register