Phones 4u Limited (‘P4U or ‘the Company’) - in administration

Published at 16:40 PM on 15 September 2014

Robert Jonathan Hunt, Ian David Green and Robert John Moran of PwC have today been appointed as administrators to Phones 4u Limited (P4U), a leading independent mobile phone retailer with an annual turnover of £1 billion, operating from more than 700 outlets with 5,596 employees.

In addition to its retail operations, P4U also runs its own network operator, Life Mobile Limited, which is also in administration.

Rob Hunt, joint administrator and PwC partner, said:

"This is a very sad day for the business and the many people working there. In light of our impending appointment the directors understandably took the decision to close all the shops today and sent many staff home.

"Our initial focus will be to quickly engage with parties who may be interested in acquiring all or part of the business, and to better understand the financial position and options for the company. The stores will remain closed while we have these conversations.

"We will also be talking to network operators and suppliers, and trying to access funds to pay for the costs of the business, including wages.

"These conversations will determine whether we can re-open stores and trade, and also if and when we can pay the arrears of wages to employees. Our hope is that we will be able to pay all the outstanding wages arrears.”

ENDS

Notes to editors

  1. There are 720 stores in the  P4U portfolio including 160 concessions in Dixons Carphone outlets
  2. Other companies in the P4U group which do not have any trading assets, but have also entered administration are : 4u Wi-Fi Limited, 4u Limited, Jump 4u Limited, MobileServ Limited, Phosphorus Acquisition Limited, Phones 4U Group Limited, Phones4u Finance Plc

 

For national queries please contact:

David Jetuah PwC | Media Relations - Tel: 02072121812 | Mobile: 07531439437 Email: david.jetuah@uk.pwc.com 

Gill Carson PwC | Media Relations - Tel: 020 7212 1391 | Mobile: 07837 285466 Email: gill.carson@uk.pwc.com 

 

For regional queries please contact :

Midlands: Kathy Maginn Email: kathy.maginn@uk.pwc.com Tel: 0121 265 5269 Mobile: 0773 8845 494

North: Claire Kennon Email: claire.j.kennon@uk.pwc.com Tel: 0161 245 2417 Mobile: 07803 455 674

Northern Ireland: John Compton Email: john.compton@uk.pwc.com Tel: 028 9041 5663 Mobile: 07799 346 925

Scotland: Lynn Hunter: lynn.m.hunter@uk.pwc.com Tel: 0141 355 4015 | Mobile: 07841 570487

South and East: Gareth Nicholls Email: gareth.j.nicholls@uk.pwc.com Tel: 01603 883 245 Mobile: 07917 783 385 / Gemma Peart Gemma.peart@uk.pwc.com

West and Wales; Jessica Poole Email: Jessica.a.poole@uk.pwc.com Direct: +44 (0)117 928 1107

Ireland: Johanna Dehaene johanna.dehaene@ie.pwc.com Tel 00 353 1 792 6547:  Mobile 00353 86 810 6542

 

As stated on the Phones 4U website (www.phones4u.co.uk), the following numbers are available for customers:

Phones 4u Customer Service: 0844 8712253

Technical Support: 0844 8712233

Phones 4u Care (Insurance): 0844 8710535

LIFE Mobile Customer Service: 0844 3221133

Employees: Employees should contact the central HR team on 01782 676 969

Landlords: 0121 265 5895

Creditors and Suppliers: Any creditor or supplier wishing to contact us, should please call Phones 4U Customer Services on 0844 8712253.

Interested parties Any parties who may be interested in purchasing the business and assets in whole or part should email:  phones4u.interestedparties@uk.pwc.com

Bondholders Bondholders can contact us using the following email address: phones4u.bondholders@uk.pwc.com


Twitter
LinkedIn
Facebook
Google+

About PwC

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 208,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details. © 2016 PwC. All rights reserved

« European run-off market set for sixth year of growth as Solvency II drives deals – PwC survey | Homepage | PwC comment on ONS house price data: Average London house price breaches £500,000 milestone »

  • Contact us
  • +44 (0) 20 7213 1768

Specific and out of hours contacts