# The People's Operator (UK) LLP (OC380236)

> Why UK company OC380236 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/OC380236

- **Status:** Administration ended
- **Administration began:** 2019-02-12
- **Administrators:** Benjamin John Wiles
- **Administrators' firm:** Kroll
- **Formerly:** The People's Operator LLP
- **Incorporated:** 2012-11-15
- **Location:** London

## Why it went into administration

- Funding withdrawn / unable to refinance
- Sustained trading losses
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Competition / price pressure
- Creditor pressure / legal action

## From the administrators' statement

TPO was founded in 2012, trading as a cause-based commercial MVNO offering retail customers pay monthly or pay-as-you-go mobile phone contracts. These contracts allowed customers to direct 10 percent of their monthly bill to a cause of their choice, at no cost to themselves.

TPO listed on the AIM market of the London Stock Exchange in December 2014, initially raising gross proceeds of £20m.

In 2015, TPO launched in the US having signed a long-term operating agreement with Sprint Corporation, an American telecommunications company.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/OC380236/filing-history/MzIzMjA2MTM2NGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/OC380236

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