Tolent sinks into administration with loss of over 300 jobs

By Dave Rogers2023-02-13T16:35:00

Rising materials costs, supply chain problems and loss-making job blamed for 40-year-old firm’s demise

Gateshead-based firm Tolent has collapsed into administration after 40 years of business with over 300 staff made redundant.

James Lumb and Howard Smith from Interpath Advisory were appointed joint administrators to Tolent plc and five of its operating subsidiaries this afternoon, Interpath said.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community