Buyer sought for playground maker Timberline

Fri, 04 Nov 2011 | ADMINISTRATION

Administrators for Chesterfield-based children's outdoor play equipment manufacturer, Timberline, have embarked on an intensive search for a buyer for the company, after it was forced out of business.

Timberline, which has been designing and constructing hardy playgrounds across the country for more than 20 years, called in administrators from Hart Shaw on Wednesday, November 2, after succumbing to a sharp downturn in orders.

The company operates from headquarters and two separate factories on Chesterfield's Foxwood Industrial Estate.

One of the joint administrators, Hart Shaw's Christopher Brown, said that the company had been dealt a decisive blow by the drying up of contracts from the education sector, due to public spending cut backs.

Brown added that prior to the economic downturn, however, Timberline had been at a strong point where it had an annual turnover of around £9 million, so they would be looking to keep the business running while the search is carried out, and sell it on as a going concern.

"The directors reacted quickly to the changing circumstances of the company and sought expert professional advice," Brown explained. "The administrators are continuing to trade the business whist it is marketed for sale as a going concern."


Share this article



Latest Businesses for Sale

IT Outsourcing Company
UK Wide

Services cover IT support, communications, cloud services and security. All clients benefit from a dedicated Accounts Manager. Works with circa 120 active clients, all of whom provide reliable, repeat business. Offers invited.

Asking Price: Offers Invited
Turnover: £1,000,000

LEASEHOLD


MOT & Car Services Garage
Tredegar, Blaenau, Gwent, Wales, UK

The business itself has been run by the current family owners for more than 40 years and is very well known in the area, with long standing repeat and referral private and fleet customers. They have been in the trade for many years and are now lookin...

Asking Price: £699,995
Turnover: £1,380,584

FREEHOLD


Halal Wholesale & Retail Butcher
West Ealing, City of London, London, UK

The business operates 7 days a week opening 7am to 8pm and Sunday 8am to 8pm. Deliveries commence independently by the drivers who start at 6am. The business is managed and operated by our clients with the help of 8 full time staff and 2 part time st...

Asking Price: £649,950
Turnover: £2,400,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
07
 
Nov
 

Successful MBO at Homefair Blinds | MBO/MBI

Homefair Blinds has been acquired in an MBO led by a trio of...

 
06
 
Nov
 

SKS completes four acquisitions | BUSINESS SALE

SKS Business Services has announced the acquisition of four ...

 
05
 
Nov
 

Mothercare to appoint administrators | ADMINISTRATION

Baby products retailer Mothercare has announced that it will...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
16
 
Nov
 

Administrators put waste management firm up for sale | ADMINISTRATION

A Chesterfield-based waste management company that fell into...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources