Categories
Close
Menu
Menu
Close
Search
Search

Featured Articles

News

Mobile phone recycling business Cash4phones has filed for insolvency

Mark

Share:

Print

Rate article:

No rating
Rate this article:
No rating

UK mobile phone recycling business Cash4phones has filed for insolvency, according to a report by The Guardian. The company website is currently offline.

Around a thousand people are thought to be out of pocket, having apparently sent their old phones to the company but not received payment. Capital Books, which has been appointed to liquidate the company, is reported as saying it’s been handed 750 mobile phones.

Cash4phones was investigated by the BBC’s Watchdog programme last year after a number of customers complained that the company wasn’t honouring its quoted prices when it received a second-hand phone. An iPhone checked by mobile phone specialists and then submitted by the programme was initially said to be worth £105.52 but was only valued at £42.20 when received. When approached by the BBC, Cash4phones said a trainee had marked the handset as having ‘excessive wear and tear’.

[Insolvency details from London Gazette]

Image

Comments

Collapse Expand Comments (1)
Robert William

The company have to pay the amount that they declared to pay their customer, if their financial situations is very poor they can apply for insolvency and contact an experience insolvency company like Insolvency Guardian to overcome this condition.

1
0
You don't have permission to post comments.

Opinion Articles

ExclusiveFacebook is a mobile company – are you?

Ashley Gilmour writes:

A quick fact: nearly half of Facebook’s advertising revenue now stems from mobile ads.

That’s right – of the social network’s $1.8 billion (£1.1 billion) generated in the third quarter of 2013, 49% of it was made up of mobile advertising revenue. Last year, the channel represented only 14%.

ExclusiveThe lowdown on mPOS solutions, their technology and the security risk

Rachel McCormack writes:

Mobile point of sale transactions (mPOS) are growing in popularity as mobile use takes over from desktop computers. The description of ‘mobile’ point of sale transactions denotes the ability of a payment to be taken via smartphone or tablet rather than a traditional card reader. There are many different ways to do this; mobile chip & PIN, mobile swipe & sign and NFC payments. All of these methods vary in popularity and security conceptions and many are difficult to understand. In this article we will explore each and give you the chance to understand the technology and issues surrounding the various methods.

ExclusiveThe video-to-mobile challenge: a technical seminar

Mark Bridge writes:

The future of mobile technology is inextricably linked with video… or is it the other way round?

Some of the answers will be discussed next week at a seminar being run by the Digital TV Group (DTG), which is the industry association for digital television in the UK.

ExclusiveLast week at The Fonecast: 11th November 2013

Mark Bridge writes:

We started last week with a change of plan from BlackBerry. No, it’s not selling itself to Fairfax Financial. Instead it’s aiming to raise $1 billion from investors. Cynics might suggest there wasn’t enough interest for a takeover.

ExclusiveLast week at The Fonecast: 4th November 2013

Mark Bridge writes:

The Rockstar Consortium. That name sounds as though it could be promising more than it can deliver, doesn’t it?  Well, it’s not. It’s the group of mobile companies that picked up Nortel’s portfolio of several thousand tech patents for $4.5 billion. And now, its members – including Apple, Microsoft, BlackBerry, Ericsson and Sony – have set some of those patents on their biggest competitors.

RSS
First910111214161718Last

Recent Podcasts

ExclusivePodcast from Mobile World Congress 2015

Mark Bridge learns about the mobile technology trends at Mobile World Congress 2015 by chatting to James Rosewell of 51Degrees, Dr Kevin Curran from the IEEE and Chris Millington of Doro.

They talk about wearable devices, wireless charging, mobile operating systems and much more... including some of their favourite products from the exhibition.

ExclusiveLooking back at February: from security scares to multiple MVNOs

We're taking a look back at the biggest mobile industry news stories from February 2015, including allegations that the UK's security service tried to breach SIM card security by hacking into one of the world's biggest SIM producers.

We also talk about the planned BT and EE merger, the creation of two new UK virtual networks, some acquisitions in the mobile payment arena and a new Ubuntu smartphone.

ExclusiveA month of mobile: O2 counts on 3, Microsoft counts to 10 and Apple counts its profits

We're back with a month of mobile industry news, including takeover talks and takeover rumours. O2 and Three are said to be discussing a merger... but is there any truth in the suggestions that BlackBerry could be up for grabs?

We also discuss Apple's record-breaking quarterly figures, the highlights of CES and the launch of Microsoft Windows 10, as well as saying farewell to the current version of Google Glass.

RSS
12345678910Last

Follow thefonecast.com

Archive Calendar

«July 2026»
MonTueWedThuFriSatSun
293012345
6789101112
13141516171819
20212223242526
272829303112
3456789

Archive