Wed, 07 Dec 2011 | BUSINESS SALE
A buyer is being sought for Worcestershire toy and play apparatus manufacturer, TP Activity Toys, after it fell into administration.
The company, which is also known as Tube Plastics Limited, has been operating since 1959 and specialises in installation play equipment. Administrators from turnaround specialists Geoffrey Martin & Co have said that they are confident that the company can be sold as a going concern.
The managing director of TP Activity Toys, Chris Martyn-Smith, said that the decision to enter administration came on "a very sad day" but that every effort would be made to fulfil all of the company's Christmas orders.
The business - which began when its founders started manufacturing hula hoops in their homes and sold them from their car boots - supplies items including trampolines and climbing frames to major vendors including Tesco, John Lewis and the Early Learning Centre.
The administrators have urged customers awaiting deliveries to get in contact. A spokesman for Geoffrey Martin explained that the financial troubles that the company was facing had been caused by mounting overheads and failed attempts to carry out refinancing.
TP Activity Toys had a turnover in the last year of £12 million.
This unique and renowned freehold bar and restaurant in the heart of York City Centre offers over 250 covers across its spacious interior, pavement seating, and a rare rooftop terrace.
FREEHOLD
A well established and strongly profitable engineering business, located in the Midlands. The company will be an attractive acquisition for both a larger trade buyer and also those looking for a stable engineering business.
This European pharmacy manufacturer specialises in providing custom clinical trial batches for leading pharmacy companies across the continent, playing a crucial role in their R&D efforts.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.