Ilke Homes Holdings Limited (10907810): administration
- Status
- Administration ended
- Administration began
- 2023-06-30
- Administrators
- Clare Kennedy
- Administrators' firm
- AlixPartners
- Incorporated
- 2017-08-09
- Location
- London
- Industry
- 64209 Activities of other holding companies n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- COVID-19
- Funding withdrawn / unable to refinance
- Rising costs / inflation
- Creditor pressure / legal action
From the administrators' statement
The Companies are a modular home builder that provided housing to various developers across the UK. Modules were built at a factory in Flaxby (Flaxby) before being delivered to development sites where they were installed by the Companies’ sub-contractors. Between two and three modules were connected together to form a typical home.
The Companies had two main types of business activity:
1. Land development - conditional contracts to purchase land, subject to satisfactory planning permission, would be entered into. In the interim period the necessary planning approvals obtained for the development of that land. A fixed price would be agreed for the onward sale of the land (including planning permissions) with the developer, completing the purchase and sale simultaneously.
Administrators' statement of proposals (2023-09-12) · Companies House register