SEVENTY nine jobs are at risk at a play equipment firm after it called in the administrators following heavy losses.
Timberline in Chesterfield has been crippled by a sharp downturn in business from schools as a result of public sector spending cuts. Major creditors include the taxman.
The company, which has been trading for more than 20 years, enjoyed significant growth in recent years and had annual turnover of about £9m until last year.
It makes outdoor play equipment and buildings and shelters at two large factories on the Foxwood Industrial Park.
Christopher Brown, of Hart Shaw LLP, appointed one of the joint administrators, said the firm would still trade. They aim to sell it as a going concern.
“The directors reacted quickly to the changing circumstances of the company and sought expert professional advice. The administrators are continuing to trade the business while it is marketed for sale as a going concern.”
Timberline’s website states it is a family-owned business which started out in the timber industry and was launched after a request by local nurseries to design and install playground equipment.
It adds: ‘Since then we have expanded to become one of the largest and most successful timber play and playground building manufacturers in the UK. We not only install throughout the entire country but also overseas.’
Toby Perkins, MP for Chesterfield, said he would what he could to help find a buyer. He blamed the Government for “cutting too far and too fast”.
“The cuts are having a desperate impact on public and private sectors. I fear this won’t be the last firm to find itself in difficulty.”