Tolent Living Limited (09505052): administration
- Status
- Administration ended
- Administration began
- 2023-02-13
- Administrators
- James Ronald Lumb, Howard Smith
- Administrators' firm
- Interpath Advisory
- Formerly
- Gentoo Tolent Limited
- Incorporated
- 2015-03-23
- Location
- Newcastle upon Tyne
- Industry
- 41202 Construction of domestic buildings
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- Credit insurance / supplier credit withdrawn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- Funding withdrawn / unable to refinance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
- Loss-making contracts / project overruns
From the administrators' statement
The Company was incorporated on 23 March 2015 and principally operated asa construction and building company. Its operations were twofold: (1) acting as a building contractor for social housing construction and refurbishment, and (2) completing
decarbonisation projects for existing social housing stock, including installing insulation, solar panels, air source heat pumps etc.
The Company’s key assets on appointment were its 10 live construction sites and a small number of decarbonisation contracts. The Company did not employ any staff; central functions were provided to the Company by TCL.
Administrators' statement of proposals (2023-04-13) · Companies House register