Tolent Solutions Limited (06163808): administration
- Status
- In administration
- Administration began
- 2023-02-13
- Administrators
- James Ronald Lumb, Howard Smith
- Administrators' firm
- Interpath Advisory
- Formerly
- Gentoo Construction Limited
- Incorporated
- 2007-03-15
- Location
- Newcastle upon Tyne
- Industry
- 41100 Development of building projects
Why it went into administration
- HMRC / tax arrears
- Sustained trading losses
- Credit insurance / supplier credit withdrawn
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Weather / natural events
From the administrators' statement
The Company was incorporated on 15 March 2007 and principally operated as a construction and building company with three main areas of operations: (1) a building contractor for social housing construction and refurbishment, (2) asbestos removal from social housing and public sector clients, and (3) development of private residential housing.
The Company’s key assets on appointment were its two live social housing construction contracts, its asbestos disposal business, which included a freehold property, and the residential Sedgefield Development property.
Administrators' statement of proposals (2023-04-13) · Companies House register