vote quimby
Striker
Hearing rumours they've gone under. Work on new houses in Sunderland City Centre has stopped today. Feel for all involved who are losing jobs if this is true.
Tolent gone into Administration?
- Thread starter vote quimby
- Start date
Pete the Pirate
Midfield
We already had a discussion about this in the Vaux thread.
billybobmackem2312
Winger
Just in the middle of a massive recruitment push aren’t they?
vote quimby
Striker
Ah shit sorry. Delete or merge or whatever.
Not sure mate. Haven't they been bailed out before or am I thinking of someone else?
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billybobmackem2312
Winger
Think they are. A lad who works with me got offered a start with them a few weeks ago.
vote quimby
Striker
Mad that. Still taking on and then its just over?
look out piano
Striker
Noticed a few folks complaining Gentoo had cancelled their kitchen remodernisations that were due to start this week.
Are Gentoo owned by tolent or do tolent just do work for them ?
Are Gentoo owned by tolent or do tolent just do work for them ?
chriswallace85
Striker
Heard about this the other day - subbies pulled off site.
Harry Angstrom
Striker
Tolent would do the work for gentoo. they'll just give the contract to someone else.
Osklen
Winger
As Harry has said though unsure if Tolent would do that scale of fitout. The confusing bit is that Tolent acquired Gentoo’s construction/development arm years ago and created Tolent Living.
Is Tolent Living a separate entity to Tolent and are both going into administration?
Osklen
Winger
Not 100% sure what’s happening. Suspect both business are affected but could be way off the mark.
Wilfy
Striker
Tolent Construction is the parent of Tolent Living.
It’s always advisable to split a company if they operate in different sectors so one part can continue if another fails. It reduces their risk profile and to an extent provides more security to clients.
I’m not saying that’s the case here mind, hence asking the question if they’re separate entities.
Football Dinosaur
Winger
Wonder how long the delay to projects they have in Sunderland will be?
Wilfy
Striker
Sounds like it’s construction going down so that will take living with it I suppose.
cosmicchris00
Striker
Although I sympathise with any employees who've lost their livelihood, Tolent are just another barely competent construction company won't be missed.
The UK is littered with companies like this who couldn't or wouldn't move with the times.
Doing things the same way as they've always done them.
Run by the commercial teams who can't see past the balance sheet
Wafer thin margins that disappear at the first frost or other miscalculation.
zinedine
Striker
Not everybody reads every thread. This will affect Sunderland lads so should have its own thread.
Someone at works husband has been told they are going under like. Pretty sure they are in the middle of the development at milburngate.
