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54 jobs lost as UK construction company collapses into administration after 11 years
The Leeds builder employed 54 staff and blamed cashflow pressure after multiple contract terminations, administrators said.
- Leeds-Based construction firm Torsion Projects Limited has entered administration after 11 years delivering care home schemes across the UK.
- The company collapsed after facing sustained cashflow pressure following termination of multiple contracts, leaving it unable to cover operational costs.
- All 54 employees have been made redundant, while joint administrators James Clark and Rick Harrison of Interpath have been appointed to manage the winding down.
- Interpath managing director Clark said the financial challenges were "insurmountable," and despite efforts by the Directors to identify fresh investment, "there was little option but to begin the winding down of the business."
- Although the business is part of the wider Torsion Group, Torsion Developments Limited and Torsion Care Limited remain stable and are not in administration.
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