ES Realisations 2023 Limited (04730113): administration
- Status
- Administration ended
- Administration began
- 2023-03-20
- Administrators
- Mark Granville Firmin, Michael Thomas Denny
- Administrators' firm
- Alvarez & Marsal
- Formerly
- Espares Limited; 24-7 Spares Limited; Vacuum Cleaner Spares Limited
- Incorporated
- 2003-04-10
- Location
- Brighton
- Industry
- 47910 Retail sale via mail order houses or via Internet
Why it went into administration
- Cash flow / liquidity pressure
- COVID-19
- Parent or group failure
- Supply chain disruption
- Brexit
- Sustained trading losses
- Credit insurance / supplier credit withdrawn
- 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.
Connect and eSpares were the primary UK trading entities, and operated as a retailer and wholesaler to both business to business (“B2B”) and business to consumer (“B2C”) customers.
The Company itself was incorporated on 10 April 2003 as Vacuum Cleaner Spares Limited before it changed its name to 24-7 Spares Limited on 12 December 2003 and finally to eSpares Limited on 25% February 2004.
Administrators' statement of proposals (2023-04-06) · Companies House register