Phasor Solutions, a designer of special flat-panel satellite antennas, has entered bankruptcy.
Phasor is Virginia and London-based and is a specialist supplier of flat electronically steered antennas for use on aircraft, maritime, trains and military vehicles. Phasor Inc owns the UK business. TheCEO is David Helfgott, formerly of Inmarsat, SES and Cobham.
It isn’t the first bankruptcy for the business which previously filed for a Chapter 11 back in 2017.
A UK administrator was appointed on April 24th. A formal charge (debenture) was placed on the business on March 6 by Glas Trust Corp Ltd as the security trustee. The charge covers patents, trademarks, designs, etc., and has Power of Attorney over the business.
It is reported that the company’s assets will shortly be put up for sale.