One of the North East’s largest construction firms is in severe financial difficulties that have put a question mark over its future.
Gateshead firm Tolent is a £200m business which employs around 450 people. The company has been involved in some of the region’s largest recent building projects, including Hadrian’s Tower in Newcastle, the Milburngate development in Durham and Riverside Sunderland.
But the company’s construction sites closed down yesterday and some sub-contractors have removed equipment from those locations. Calls to the the company’s head office in Team Valley were not being answered on Friday afternoon and the HQ was almost deserted.
