Updated Sep 7, 2026 – 10.47am, first published at 10.11amMore than 200 staff at collapsed property developer Bathla have been stood down, although the administrators have locked in short-term funding to stave off the immediate threat of liquidation.Teneo confirmed on Monday that 213 staff had been stood down and that it had reached a short-term funding agreement with five lenders to allow more time to negotiate a longer-term arrangement.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Bathla administrators get short-term cash as 200 staff stood down
Teneo has secured limited-time loans to keep the business running to the end of this month, but hundreds of workers are losing their jobs.
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