Monster Play Systems Limited (01600784): administration
- Status
- Administration ended
- Administration began
- 2013-10-16
- Administrators
- Timothy John Edward Dolder, Steven John Parker
- Administrators' firm
- Opus Restructuring
- Formerly
- Ardiam Sheet Metal Limited; Girdtree Limited
- Incorporated
- 1981-11-30
- Location
- London
- Industry
- 28220 Manufacture of lifting and handling equipment
Why it went into administration
- Creditor pressure / legal action
- Property / lease costs
- Competition / price pressure
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Sustained trading losses
From the administrators' statement
The Company was incorporated in 1981 with its current director, Mr Paul Quinn, being appointed in May 2000 following a Management Buy Out Since 2000 the Company has traded as a designer, manufacturer and installer of bespoke playground equipment from premises at Unit 1A and Unit 3 Sandown Industrial Estate, Sandown Road, Watford, Hertfordshire, WD24 7UB The Company operated out of two adjoining leasehold premises, one housing the office and design function and the other housing the manufacturing operation
In addition to the design, manufacturing and installing of the playground equipment the Company also had a contract under which it manufactured lifts, this contract has historically represented circa 30% of the Company's turnover
In recent years, the Company's main customer base comprised mainly of primary schools and Local Councils Until 2010, the Government ring-fenced funding for community play areas and associated equipment, income from these Government funded projects amounted to some 70% of the Company's remaining business In 2010 the Government cut funding and this immediately impacted on turnover and cash-flow performance The Company's primary customer base immediately changed from being Local Authorities to primary schools
Administrators' statement of proposals (2013-12-12) · Companies House register