CD Realisations 2023 Limited (03004798): administration
- Status
- Administration ended
- Administration began
- 2023-03-20
- Administrators
- Mark Granville Firmin, Michael Thomas Denny
- Administrators' firm
- Alvarez & Marsal
- Formerly
- Connect Distribution Services Limited
- Incorporated
- 1994-12-22
- Location
- Brighton
- Industry
- 46439 Wholesale of radio, television goods & electrical household appliances (other than records, tapes, CD's & video tapes and the equipment used for playing them)
Why it went into administration
- Cash flow / liquidity pressure
- COVID-19
- Supply chain disruption
- Brexit
- Sustained trading losses
- Credit insurance / supplier credit withdrawn
- Parent or group failure
- Property / lease costs
From the administrators' statement
The Group was founded in 1969 and provided electrical goods, spares, consumables and warranty/insurance repair services to customers across the UK and Europe. The Group operated several key brands, including eSpares, BuySpares and 4OurHouse, in addition to developing and managing websites, orders and repairs for original equipment manufacturers and other large retailers.
The Company itself was incorporated on 22 December 1994. Together with eSpares, it was the primary UK trading company, and operated as a retailer and wholesaler to both business to business (“B2B”) and business to consumer (“B2C”) customers. As at the date of appointment, the Company had approximately 393 employees.
The UK Group operated from the following premises, located in Birmingham, UK:
Administrators' statement of proposals (2023-04-06) · Companies House register