Fone Solutions MD blames Vodafone for firm’s demise

Fone Solutions MD blames Vodafone for firm’s demise

Former Fone Solutions MD Nick Underwood-Lea came out fighting this week, determined to clear his name, repay his creditors and relaunch his business.

Lea lays the blame for his firm’s demise firmly at the feet of Vodafone Partner Services (VPS), formerly known as Yes Telecom.

He insisted the bulk of the £1.138m book debt listed by the Official Receiver’s Office is ongoing revenue payments and commissions owed to the company largely by VPS.

Lea criticized Vodafone for not supporting Fone Solutions when a winding up order was issued against the firm in August. He claimed the order was issued after he refused to negotiate a buy out deal with the partner.

He said: ‘We made Vodafone fully aware of the winding up order and that it was because of a shareholder disagreement and did not reflect on the business but still they went ahead and ceased trading with us.’

Lea said the business was making 300 to 500 connections a month, the bulk of which were for Vodafone.

‘Despite having all the facts they issued all our customers to other dealers with revenues and commissions without even notifying us. We heard it from our customers on the Friday. Vodafone told us the following Monday.’

He added: ‘We worked four years to build our relationships with our customers and investing in the business and then other dealers are given them for nothing.’

Lea said the business was making 300 to 500 connections a month, the bulk of which were for Vodafone.

‘We had a good trading business with an amount of cash but any dealer left waiting for £250,000 would struggle.’

Lea promised to repay his creditors and seek compensation from Vodafone.

He said the case will be taken up by accountants Deloitte, which he claimed is to be appointed the administrator after the liquidation hearing on 9 November.

‘It could take years but we will go for it. The money is with the networks and everyone will be paid. Deloitte is taking on the case. They have all the facts. You cannot give customers away without giving notice.’

Vodafone declined to comment.

Written by Mobile Today
Mobile Today

Comments

Maybe thee Vodafone claim is true, who knows, but I would encourage wariness when dealing with Mr Underwood-Lea anyway. Not only did Fone Solutions ru ...
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