JAG Communications Ltd, the third largest mobile phone retailer in the UK, experienced a cash crisis after abort the purchase of a large number of extra retail outlets. This was compounded by borrowing conditions, which suddenly worsened late 08/early 09. With 245 jobs and 75 outlets at stake, our South West team successfully orchestrated a complex ‘pre-pack’ administration, whereby JAG Communications (Plymouth) Ltd was placed in administration while its assets were simultaneously sold to a new company, JAG Communications (South West) Ltd. The business continued trading without a break, saving all 245 jobs at a time of increasing unemployment.
Related Case Studies
Contact Begbies Traynor Group
Our Media Centre
Read our latest news, expert opinion pieces and articles covering the the professional and financial sector.