Torsion Projects Limited – Administration: Leeds care home builder Torsion Projects in administration, 54 staff made redundant

The company, incorporated in 2015 and part of the wider Torsion Group, suffered sustained cashflow pressure after multiple contracts were terminated, leaving it unable to meet its costs. Efforts by the directors to find fresh investment failed, and all sites were handed back to developers or funders before the appointment.

Administrators were appointed in July to sister company Torsion Construction Limited. Torsion Developments Limited and Torsion Care Limited are not in administration.