Infinite Edge Limited (07105762): administration
- Status
- Administration ended
- Administration began
- 2020-06-25
- Administrators
- James Ronald Lumb, Howard Smith
- Administrators' firm
- KPMG
- Incorporated
- 2009-12-15
- Location
- Newcastle-upon-Tyne
- Industry
- 74100 specialised design activities
Why it went into administration
- COVID-19
- Sustained trading losses
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
The Company was a leading designer, manufacturer and installer of bespoke playground equipment for primary schools, visitor centres and councils. The Company was incorporated in 2009 to cater for a growing market in schools for creative and natural play solutions. The Company had two main product offerings being bespoke playgrounds and canopies; the latter are primarily used as outdoor classrooms.
The Company historically built playground structures using oak, however the operational life of oak was poor. The Company offered warranty terms and this resulted in the build-up of a substantial provision and a number of claims. The Company switched to using robinia wood as this provided a much longer life span and was better suited to the nature of the products.
The Company operated primarily from two sites, one in Newcastle upon Tyne (Unit 7E, Westmoreland Road, North Shields, Tyne and Weir, NE29 8TB) and the other in Sussex (Unit 19, Silveroaks Farm, Waldron, East Sussex, TN21 ORS).
Administrators' statement of proposals (2020-08-19) · Companies House register