Kidderminster toy maker goes into administration
A Worcestershire toy maker has gone into administration leaving around 100 people at risk of redundancy.
TP Activity Toys, also known as Tube Plastics Limited, based in Kidderminster, was set up in 1959.
Administrators Geoffrey Martin hope to sell the business as a going concern and said "every effort" will be made to fulfil orders for Christmas.
The founders of TP began by making hula hoops in their homes and selling them from cars.
Managing director Chris Martyn-Smith described the decision as "a very sad day".
The company, which supplies trampolines and climbing frames for retailers including Tesco, John Lewis and the Early Learning Centre, has urged customers awaiting deliveries to get in contact.
The administration does not include a subsidiary of the firm called Muddy Puddles that supplies children's outdoor clothing.
A spokesman for Geoffrey Martin said the company's financial difficulties stemmed from increasing overheads and its inability to carry out a refinancing.
In the past year, the company had a turnover of £12m.