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.”
Notes to editors
- There are 720 stores in the P4U portfolio including 160 concessions in Dixons Carphone outlets
- 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: firstname.lastname@example.org
Gill Carson PwC | Media Relations - Tel: 020 7212 1391 | Mobile: 07837 285466 Email: email@example.com
For regional queries please contact :
Midlands: Kathy Maginn Email: firstname.lastname@example.org Tel: 0121 265 5269 Mobile: 0773 8845 494
North: Claire Kennon Email: email@example.com Tel: 0161 245 2417 Mobile: 07803 455 674
Northern Ireland: John Compton Email: firstname.lastname@example.org Tel: 028 9041 5663 Mobile: 07799 346 925
Scotland: Lynn Hunter: email@example.com Tel: 0141 355 4015 | Mobile: 07841 570487
West and Wales; Jessica Poole Email: Jessica.firstname.lastname@example.org Direct: +44 (0)117 928 1107
Ireland: Johanna Dehaene email@example.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: firstname.lastname@example.org
Bondholders Bondholders can contact us using the following email address: email@example.com
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