Bullitt Group Limited and Bullitt Satellite Connect Limited - Administration

Bullitt Group Limited and Bullitt Satellite Connect Limited, part of the Bullitt Group — a consumer electronics business which designs, markets and sells devices globally — entered administration on 28 February.

Immediately on their appointment, joint administrators Tom Crookham and David Baxendale of PwC sold the intellectual property and certain other assets of the companies, including customer contracts.

A number of parties, including Lloyds Bank, Richard Wharton and Bgf Nominees Limited have registered charges against the companies.