Tube Plastics Limited (00624260): administration
- Status
- Administration ended
- Administration began
- 2011-12-06
- Administrators' firm
- PwC
- Incorporated
- 1959-03-26
- Location
- London
- Industry
- 32409 Manufacture of other games and toys, n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Shift to online / high-street decline
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company has been manufacturing outdoor activity toys for over 50 years and was incorporated in March 1959 The further historical information set out at paragraphs 2 2 to 2 13 below has primarily been provided to me by the directors of the Company
TP was started by two entrepreneurs and one investor, setling plastic hula hoops, and grew from there to offer a complete range of outdoor play equipment including trampolines, swings, slides, wooden playsets and garden play equipment The Company also had a specialist division selling sand and water tables to educational customers in the UK and Europe In the last two years the Company introduced a range of indoor activity toys that sold well across the world Around half of TP’s product lines are still manufactured in the UK
Customers include John Lewis, Earty Learning Centre, Mothercare, Toys R Us, The Entertainer, Tesco and numerous other customers in the independent toy trade Over the years TP had also established a network of Centres Of Excellence, large display sites in out of town locations where parents could let their children ‘try before they buy’ There are around 40 Centres of Excellence today
Administrators' statement of proposals (2012-01-20) · Companies House register