Administrators have been appointed to Timberline Limited on 2ndNovember 2011.
Hart Shaw appointed administrator to Timberline Ltd
The Chesterfield based company which operates nationwide, manufactures children’s outdoor play equipment and timber buildings & shelters from two large factories on the Foxwood Industrial Park.
The company which has been trading for over 20 years enjoyed the benefits of a significant growth programme over recent years and was achieving annual turnover in the region of £9m. However a sharp down turn in business from the education market, as a result of public sector spending cuts has lead to the company incurring losses.
Christopher Brown of Hart Shaw LLP, who was appointed one of the Joint Administrators, said “The directors reacted quickly to the changing circumstances of the company and sought expert professional advice. The Administrators are continuing to trade the business whist it is marketed for sale as a going concern.”
The Administrators can be contacted at Hart Shaw LLP, Europa Link, Sheffield Business Park, Sheffield, S9 1XU – Tel. 0114 251 8850.
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