DIY business Toolstream has collapsed into administration, with more than 100 staff losing their jobs just before Christmas.The Yeovil-based importer and distributer of DIY tools appointed administrators on 11 December.Toolstream was the sole distributer of more than 6,000 hand tools, power tools, fixings and workwear to retailers, wholesalers and merchants across Britain and Europe.
Toolstream, founded in 2009, is a wholly-owned subsidiary of Silverline, which owns the freehold property from which it operates.
Hywel Phillips, joint administrator, said: ‘Regrettably, the closure of the companies has led to 111 redundancies and our priority is providing support to all those made redundant.
