Tolent supply chain hit for at least £46.7m

Subcontractors and suppliers have been hit for at least £46.7m following the collapse of North East contractor Tolent in February.
An update from administrator Interpath Advisory said unsecured creditors are unlikely to receive a penny for their now worthless invoices.
Tolent had been in business since 1989 and was working on 16 live contracts employing 356 staff when it went down.The firm had a turnover of £195m in 2021 racking-up a pre-tax loss of £4m.
Interpath said its demi