Torsion Projects files notice of intent to appoint administrators
Torsion Projects has filed a notice of intention to appoint administrators, weeks after sister firm Torsion Construction collapsed in July owing suppliers £15m.
Torsion Projects, which builds care homes and retirement living schemes, reported turnover of £47m and pre-tax profit of £505,000 for the year to December 2024. Torsion Construction had a £78m turnover before its collapse.
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