Rescue of UK’s largest Toy Manufacturer via Administration

Sector: 
Manufacturing / Wholesale
Company Size: 

Turnover: £15m
Employees: 100+

Issue: 

The business had incurred losses over a number of years due to unsuccessful new product launches and falling margins. The company’s bankers ultimately withdrew support and asked the business to seek new financiers. 

Solution: 

We were appointed Administrators to allow us to seek a buyer for the business whilst continuing to trade the business. During the trading period we sucessfully negotiated with a number of national retailers, maintaining key contracts and preserving value.  

Outcome: 
  • We achieved a sale of the business within less than one month, allowing preservation of the majority of employee jobs.
  • Secured and preferential creditors were repaid in full and a substantial dividend was paid to unsecured creditors.