Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag UK tool distributor Toolstream collapsed, losing 111 jobs despite 2023 profits, citing pandemic supply issues.

flag UK DIY distributor Toolstream entered administration on December 11, 2024, resulting in 111 job losses. flag The company, a subsidiary of Group Silverline Limited, cited ongoing supply chain issues from the pandemic as a key factor, despite reporting £57.7 million in profits in 2023. flag Administrators Hywel Phillips and Gavin Park were appointed to manage the process, with trading paused and a small team retained to assist. flag The firm supplied tools and workwear to retailers across the UK and Europe. flag Its next financial accounts, due by July 31, 2025, remain overdue.

5 Articles

Further Reading