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 is an exceptional opportunity to acquire a successful Italian restaurant and takeaway located in an affluent residential area of Leeds.
LEASEHOLD
An opportunity to acquire a reputable signs, graphics, printing, and engraving business in Cambridgeshire, boasting a loyal blue chip client base across diverse sectors like boat building and aerospace.
This is a fantastic and genuinely rare opportunities to acquire a successful business in what must be one of the most prominent trading locations in Scarborough.
LEASEHOLD
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.