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.
Popular café, coffee shop & food to go outlet, occupying prime high profile Exeter city centre trading position, fronting very busy pedestrian shopping thoroughfare, close national retailers, visitor attractions, college, railway station, bus stops a...
LEASEHOLD
The company specialises in the design and production of customised vehicles, focusing on 4x4 and commercial vehicles from leading manufacturers, and offers a comprehensive suite of complementary services, including sales of new and used vehicles and...
The business specialises in the distribution of frozen, chilled, and ambient foods, alongside non-foods such as drinks and packaging. The company operates on a regional B2B basis across the north of England, supplying organisations in the education,...
19
|
Sep
|
Xeinadin announces 26th acquisition in two years | BUSINESS SALE
Professional services group Xeinadin has completed its 26th ...
19
|
Sep
|
Food and drink firm acquired by founding family | BUSINESS SALE
Aimia Foods Limited, a food and drink manufacturing company,...
18
|
Sep
|
Online travel business completes third investment in 12 months | BUSINESS SALE
Online travel business Travel Seen has acquired a majority s...
05
|
Dec
|
Leeds insolvency firm merges with Canary Wharf business | MERGER
Geoffrey Martin & Co, a Leeds-based company that focuses on ...
16
|
Jan
|
Coolpink liquidated after losing its largest client | ADMINISTRATION
Brand engagement agency Coolpink ceased trading before Chris...
03
|
May
|
Vanmaster enters administration | ADMINISTRATION
Caravan manufacturer Vanmaster has confirmed that it has ent...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
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.