Toolstream Limited (04281144): administration
- Status
- In administration
- Administration began
- 2025-12-11
- Administrators
- Gavin George Scott Park, Hywel Phillips
- Administrators' firm
- Teneo
- Formerly
- Silverline Tools Limited; Firmstake Limited
- Incorporated
- 2001-09-04
- Location
- Birmingham
- Industry
- 46690 Wholesale of other machinery and equipment
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
- COVID-19
- Supply chain disruption
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
From the administrators' statement
Toolstream was incorporated on 4 September 2001 and was an importer / distributor of DIY tools, stocking 6,000+ products including brands such as Silverline, Defender and Triton.
Toolstream was the main trading subsidiary of the wider Silverline group (“the Group”) and employed the majority of the Group’s 127 employees.
Silverline was a holding company incorporated on 29 July 1999, which owns the freehold property in Yeovil where Toolstream traded.
Administrators' statement of proposals (2026-01-22) · Companies House register