Satellite distributor slips into administration

Image by PublicDomainPictures from Pixabay

The UK’s leading trade supplier of TV signal distribution systems has fallen into administration.

Northampton-based Solutions Group – founded over 25 years ago – dealt in Freeview reception via an aerial, Freesat, Sky satellite reception via a dish and CCTV systems.

Eddie Williams and Jon Roden of Grant Thornton were appointed as administrators on 29 November.

Solutions, a specialist in communal reception systems for multi-viewer environments, failed to file its accounts for the year ending 31 May 2019.

The company posted a 5 per cent drop in sales in its 2018 accounts and saw its revenue and profits decline, but there was little indication of the turmoil to come.

In a statement, the company said: “At the end of November, we will be closing our doors for the final time and in light of this news, we will be having a closing down sale with some ridiculously low prices.”

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