Firm sank into administration last February

Administrators have told unsecured creditors they won鈥檛 be getting a penny back of their missing 拢45m as Tolent prepares to head for dissolution.

In its final update on the collapsed company, which went into administration a year ago, Interpath said 鈥渢here were insufficient finds to pay a dividend to unsecured creditors鈥�.

HMRC was also told it wouldn鈥檛 be getting back any of its missing 拢1.5m while staff had already been told they were unlikely to see any of their missing 拢600,000 repaid.

tolent

Tolent鈥檚 construction arm employed just over 350 staff at the time it went under last year

At the time of its implosion last February, the contractor, which was set up in 1989, employed 356 people all of whom were eventually made redundant.

Secured creditor, finance firm IGF, will receive all of its outstanding 拢4.7m back through 鈥渁sset realisations鈥� across Tolent.

Tolent is expected to be formally dissolved within the next three months.

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