Connect Distribution Services Limited - administration

Connect Distribution Services Limited, a Birmingham-headquartered retailer of appliance spares, accessories and consumables, entered administration on 20 March. Following their appointment, Joint Administrators Mark Firmin and Michael Denny of Alvarez & Marsal completed a pre-pack of the company's stock, IP, contracts and fixed assets In a £3m deal, saving more than 400 jobs. Santander UK PLC has a registered charge against the company and Alliance & Leicester PLC has two.