Mon, 19 Jul 2010 | ADMINISTRATION
Martin Yaffe International, the Lancashire toy maker behind popular brands such as Thomas the Tank Engine and Bob the Builder, has entered administration.
John Titley and Andrew Poxon of Leonard Curtis were appointed as the administrators to the business, which manufactures and distributes toys. Most of its toys are made under licence.
Licensed brands include Winnie the Pooh, Power Rangers, Dora the Explorer, Thomas the Tank Engine and Bob the Builder.
Products made include bedroom furniture such as desk and stool sets; wheeled toys such as scooters and roller skates; and pre-school toys including play sets, inflatables and outdoor sports toys.
Established in 1986, the Rochdale-based firm distributes its toys throughout Europe, and to UK retailers Sainsbury's, John Lewis, Tesco and Asda. It has about 160 employees at its head office in Queensway, Rochdale.
The search for a buyer began before Martin Yaffe entered administration and has not yet been successful, reportedly. Trading is thought likely to continue on a restricted basis, with anticipated redundancies.
Its pre-tax profits have dived over three years showing a loss of £3.3m for the year to 31 December 2008, compared to a profit of £1.284m for the same period in 2006.
For sale is a long-established tree surgery and arboricultural services business with an excellent reputation, serving both domestic and commercial sectors across Southern England, including the Home Counties and London.
An opportunity has arisen to acquire a mechanical engineering company specialising in the Water Industry. Benefitting from over 3 decades of trading, this business has built a solid and long standing client base comprised of prominent UK utility comp...
An opportunity has arisen to acquire a reputable IT support and development services provider with a UK-wide client base and a proven record for innovation and resilience in the constantly evolving IT sector. Throughout its 25+ year trading history,...
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.