Collapsed building firm with Bulwell base has administration period extended
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J Tomlinson collapsed last July, leaving more than 1,000 creditors owed £33m while public sector contracts worth £236m were affected by the company’s failure.
The company employed some 400 staff, the majority of whom were made redundant.
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Hide AdThe collapse was blamed on the severe impact of Covid and the subsequent increased inflationary pressures which meant it was not in a financial position to continue trading.
However, with money still owed to the likes of HRMC and some creditors, admintrators FRP Advisory, who were appointed to take contol of the adminstration process last year, have now agreed to extend the administration period to July 2025 as the firm looks to secure a better deal for its creditors.
However, this is unlikely to include securing any money back for unsecured creditors, who look set to miss out.
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