15-02-2023 08:05 via constructionenquirer.com

Tolent collapse could leave subbies £50m out-of-pocket

Subcontractors and suppliers have been left holding around £50m in unpaid invoices following the fall of Tolent.
Specialists who were working with the collapsed Gateshead based contractor fear a massive impact across the North East supply chain.
One told the Enquirer: “We are hearing the shortfall will be around £50m which is going to have huge repercussions across the region.”Another added: “We have been having trouble getting money out of them for months.
“I
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