Phones4U Administration Overview

John Pye Auctions Business Assets department were appointed agents for the Phones4U Administration after initially supplying the Administrators, PWC, with a solid barometer of appraisal data from our unique case management/auction software platform, Assetline.

Assetline tracks instructions and captures auction data as a valuation and recovery management tool across all John Pye Auctions equating to millions of items of retail stock sold by auction into the secondary market.

Having been appointed exclusive agent status on the basis of our data supplied and our retail stock remarketing, management and auction credentials, within a 3 day period John Pye Auctions collected over 3,900 Phones4U Tote boxes containing sim cards, store retail vouchers, accessories and mobile phones. This stock holding equated to 40ft trailers and an additional 5 x 40ft trailers of brand new retail stock.

Stock, valued at £3.5m was relocated to our 11 acre West Midlands Auction Hub in Staffordshire, where we processed and data wiped stock for a series of online auctions, as well as effectively managing Retention of Title claims.

We maximised realisations by:

  • Utilising our end user secondary market online auction model; processing/presenting stock on an individual lot-for-lot basis
  • Undertaking international remarketing, with advertising gaining traction in the Far East and generating over 400,000 unique web hits from mainland China to our bidding website in one week
  • Spreading volume across our auction sites in London, Staffordshire, Nottingham and Derby to avoid flooding regional markets

The project delivery was recognised by the insolvency market at the 2015 Insolvency & Rescue Awards as a key case study which helped John Pye Auctions secure Asset Valuer/Auctioneer of the Year at an award ceremony at Hilton Park Lane, London, in front of 800 insolvency, restructuring and turnaround practitioners and associates.

Phones4U Administration Media

Success of South Wales Auction Hub Six Mon...

We opened Europe’s biggest indoor auction hub six months ago in Margam, Port Talbot, and are proud to be celebrating our first six months of trading from the site which has seen over 50,000 items pass thro...

Hoverboards Bring In The Crowds at Derby Hub

This week, the introduction of a new Vendor by our Business Assets Executive Tom Fishwick, saw stock literally rolling out the Saleroom at our Derby auction site. Our auction porters took delivery of over 14...

Record-breaking Auction For South Wales

This week at our South Wales auction hub, known as 'Auction City' we go online with our usual three sales, however this is a very special week for the team, showcasing our first 2000+ lot sale!

Member Of Staff Misses Out On A Bargain......

Claire Haddon nee Barlow, Accounts Administrator at John Pye Derby, got married last Saturday (6th May) – surrounded by many of her friends and colleagues from the office. She was however, disappointed to...

Digital Camera Guide

There are so many digital cameras on the market, it can often be confusing when trying to find one to suit your needs. This digital camera guide will help to clear the confusion caused by some of the terms u...

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