Hanwha Phasor Ltd. (12644243): administration
- Status
- Administration ended
- Administration began
- 2025-03-25
- Administrators' firm
- MHA
- Formerly
- Hanwha Systems Europe, Ltd.
- Incorporated
- 2020-06-03
- Location
- London
- Industry
- 26309 Manufacture of communication equipment other than telegraph, and telephone apparatus and equipment
Why it went into administration
- Loss of a key customer, supplier or contract
- Weather / natural events
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of the proposals has been prepared based on information provided by the directors of the Company and not from my personal knowledge as Joint Administrator.
The Company was incorporated on 3 June 2020, with the Company registration number being 12644243. The registered office of the Company prior to the Administration was located at 27 Old Gloucester Street, London, WC1N 3AX. The Company is headquartered at 4" and 5" Floor, The Record, 16 Baldwin’s Gardens, EC1N 7RJ (“Farringdon”), and had a second facility located at 22 Cambridge Science Park, Milton Rd, Milton, Cambridge, CB4 OWG (“Cambridge”).
The Company operated as a designer and developer of enterprise-grade antennas for satellite communications on-the-move. The flat and conformal antennas are engineered to fit on the roofs of moving vehicles/ships/aircraft, enabling reliable data connectivity to satellites from virtually anywhere in the world. The Company is a subsidiary of Hanwha Systems, a South Korean company operating in disruptive technologies in the satellite communications space. The Company acquired Phasor Solutions Ltd’s business and assets via an Administration sale in 2020 at the start of the Coronavirus pandemic.
Administrators' statement of proposals (2025-06-03) · Companies House register