Caudwell Communications (Coolnewmobile) Getting Taken Over By Pipex - HotUKDeals
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Caudwell Communications (Coolnewmobile) Getting Taken Over By Pipex

£0.00 @ Coolnewmobile = Taken Over Likely reason for good deals atm Read More
RikkiL Avatar
1d, 1m agoPosted 1 decade, 1 month ago
Coolnewmobile = Taken Over
Likely reason for good deals atm
RikkiL Avatar
1d, 1m agoPosted 1 decade, 1 month ago

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(3) Jump to unreadPost a comment
perhaps also more likely to be "nice"?
Edit: Just realised it is 8 months 1 week old, not just 1 week lol.

Couldn't find the thread dealing with the cashback crisis so will post here, just got sent this:


Our ref PML/RG/RD/IB/ADM0307/MOBI101/102/H

Dear Sirs

Mobile Affiliates Limited t/a Coolnewmobile and Phones2yourdoor - In

Birmingham County Court No. 5302 of 2007

Mobile Media Systems Limited t/a Phoneboxdirect - In Administration

Birmingham County Court No. 5303 of 2007

I would advise you that I was appointed Administrator of the above
companies jointly with my partner Alistair Steven Wood by the
directors on 14 November 2007. I am authorised to act as an
Insolvency Practitioner by the Department of Trade & Industry and my
partner is authorised by the Institute of Chartered Accountants in
England & Wales.

The companies have ceased trading and their offices are now closed.

The statutory purpose of an Administration consists of three

· rescuing the company as a going concern;

· achieving a better result for the company’s creditors as a
whole than would be likely if the company were wound-up (without
first being in Administration);

· realising property in order to make a distribution to one or more
secured or preferential creditors;

Within eight weeks (or such longer period as the court may allow) of
the date of the Administration Order, I am required to prepare
proposals which I will publish on the Joint Administrators’ website

As Joint Administrator I am not in a position to pay any amounts due
by the company in respect of contractual obligations entered prior to
the date of the Administration Order.

Following my appointment customers have requested a response to two
specific questions namely:

· Recovery of cash backs due from the company.

· Contractual obligations with the network provider.

As far as the cash back is concerned my current estimate is that
there are over 30,000 customers who may be eligible to make cash back
claims. My current estimate of this liability is between �4-10
million. The companies’ assets are less than �250,000. It follows
therefore, that after the payment of the expenses of the
administration and the preferential creditors (wages and holiday pay
owed to the employees) it is unlikely that there will be funds
available for unsecured creditors.

Turning to the second matter, I am unable to comment on a
customer’s contractual position with their network provider,
customers must therefore, either speak to the network provider
directly, take legal advice or contact their local Citizens Advice
Bureau or Trading Standards Office. The network providers and/or
their agents should not be referring you back to me.

Please refer to the Joint Administrators’ website
[url][/url] which will be posted with further
updates for the benefit of customers and creditors. This website has
been set-up to enable you to record your claim against the relevant
company. Please do not write to my office to submit your claim as
written communications will not be acknowledged.

Yours faithfully

For and on behalf of

Mobile Affiliates Limited & Mobile Media Systems Limited

P M Lyon

Joint Administrator

Authorised to act as an insolvency practitioner by the Department of
Trade and Industry

The affairs, business and property of the Company are being managed
by the Joint Administrators. The Joint Administrators act as agents
of the Company and without personal liability.

If you do not want to receive any further announcements,

To update your preferences and to unsubscribe visit
Forward a Message to Someone

Powered by PHPlist, [url][/url] --

So if Pipex take over do they inherit the debts? I would be amazed if a company would take over coolnewmobile as the website was a shambles, they were very small and they are in 4-10 mil debt... Need I say more, starting a new company would be a much better idea even wit hthe costs and paperwork involved.
Pipex taking over Bulldog Broadband

God they where good along time ago!

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