Client on loss-making job that helped sink Tolent to finish off scheme itself

By Daniel Gayne2023-02-22T07:00:00

Administrator said Milburngate scheme in Durham had ‘profound impact’ on firm’s working capital

A mixed-use development in Durham singled out by Tolent’s administrators as a major contributor to the contractor’s collapse is set to be completed by the client directly.

The £85.5m Milburngate job had become “significantly loss-making” for the renowned regional contractor, having a “profound impact” on its working capital, according to Interpath Advisory.

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