Website 404ing, calls to switchboard go dead, 'sad reflection' of how tough it is to make money in smartphones
Bullitt designed and sold ruggedized smartphones with brands such as Caterpillar, JCB and Land Rover, and also had a deal with Motorola to develop Moto-branded rugged devices. Last it year it rolled out a satellite messaging phone, the Cat S75, along with the Bullitt Satellite Connect service.
A spokesperson for the company had told the paper that the satellite service, satellite assets and business of Bullitt Group were being sold to a new company with shareholders including secured lenders and"industry and strategic partners." Staff have written on LinkedIn about the layoffs of the entire workforce. The mass layoffs, along with the website and comms being shut down, indicate that PWC will not be able to sell Bullitt Group as a going concern.their devices for longer as inflation pushed up the price of just about everything. There is also a trend towardssuch as those made by Apple, which recently claimed the top spot in the global market for the first time.
The company revealed in the accounts it had been sold back to existing shareholders in March 2019 after a"turbulent 18 month period of significant loss making under private equity ownership."The fresh owners"invested new capital, secured ongoing financing facilities, agreed arrangements with key suppliers, and act quickly to rightsize the business operations and overheads," the accounts state.
COVID 19 had a"very significant negative impact upon trading almost immediately and throughout the rest" of 2020.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shropshire council to pay PwC £6.2m to identify savingsShropshire Council is enlisting the help of PwC to help it reach its £62m savings target.
Read more »
Prince Harry & Meghan Markle ditch Archewell & launch slick NEW website using royal titles to share...Here are some less known facts about Prince Harry and Meghan Markle
Read more »
Harry and Meghan unveil new website claiming Sussexes are 'shaping the future through business and...Prince Harry and Meghan Markle have unveiled their new website which claims the Sussexes are 'shaping the future through business and philanthropy'.
Read more »
Vice Media stops publishing on website and cuts hundreds of jobsVice Media Group filed for bankruptcy in May and was bought by Fortress Investment Group.
Read more »
LockBit ransomware gang disrupted by global operationWebsite has been seized and replaced with law enforcement logos from eleven nations
Read more »
Harry and Meghan's new Sussex website that doesn't mention monarchy ‘would have infuriated the Queen’,...Prince Harry and Meghan Markle's new website, Sussex.com, would have 'infuriated the Queen', critics have claimed.
Read more »