CDSL Group Limited (11444741): administration
- Status
- Administration ended
- Administration began
- 2023-03-20
- Administrators
- Mark Granville Firmin, Michael Thomas Denny
- Administrators' firm
- Alvarez & Marsal
- Formerly
- Deppco Limited
- Incorporated
- 2018-07-03
- Location
- Brighton
- Industry
- 70100 Activities of head offices
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- Credit insurance / supplier credit withdrawn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 3 July 2018 as Deppco Limited before it changed its name to CDSL Group Limited on 26 October 2020. The principal activity of the Company is that of a holding company which did not trade. The Company had no employees as at the date of our appointment.
Administrators' statement of proposals (2023-04-05) · Companies House register