More than 300 jobs have been lost after the Tyneside construction company behind landmark North East schemes appointed administrators.
Gateshead construction company Tolent has been involved in Riverside Sunderland, the Hadrian’s Tower residential scheme and the Milburngate development in Durham, but last Friday the firm sent home staff and closed down its sites. It was awarded the £3million contract to build the new RNLI headquarters on the beach at Cleethorpes but there have been reports that work on site has stopped and equipment is being removed.
Now Interpath Advisory has confirmed that a team has been appointed, after the group tumbled into financial difficulties. Alongside its head office on the Team Valley, the company also has bases in Leeds, Shotton Colliery, County Durham, and Teesside Industrial Estate, Stockton-on-Tees. James Lumb and Howard Smith from Interpath Advisory were appointed as joint administrators to Tolent plc and five of its operating subsidiaries today, Monday February 13. Collectively, the companies employ circa 400 people.
