Youngsters in receivership

Youngsters has gone into receivership.
Publish date:
Social count:

The buying group has been struggling to find suitable credit insurance over the last few weeks and its future has been hanging in the balance for a few days.

KPMG has been appointed as the receiver of both Youngsters and Toyzone.

Toyzone Ltd (in administration) operates 20 retail outlets and employs 200 members of staff. Following the appointment, all 20 stores will continue to trade while the administrators seek a buyer for the stores either as chain or as individual outlets.

David Crawshaw, KPMG Restructuring partner, said: “Unfortunately, conditions in the sector over the Christmas period, which is traditionally the peak time for toy retailers, were tougher than expected resulting in increased cash flow pressure which the companies could no longer sustain. We are now reviewing options for both parts of the group and hope to secure a buyer for its business and assets.”



Youngsters to attend Toymaster show?

Toymaster and Youngsters have taken the first steps towards developing a closer relationship, with Youngsters and Irish chain World of Wonder invited to attend the buying group's  looming Harrogate show.

Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.


UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.