Subcontractors expecting six-figure losses as local firms count cost of Tolent implosion

By Daniel Gayne2023-02-14T15:25:00

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Subcontractors in the North-east have been left assessing the financial impact of yesterday’s collapse of Gateshead-based contractor Tolent, with some believed to be owed six-figure sums.

Administrators for the 40-year-old firm have made more than 300 staff redundant after it sank into administration along with five of its operating subsidiaries.

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