Connect Modular Ltd (SC452973): administration
- Status
- In administration
- Administration began
- 2025-01-06
- Administrators
- Michelle Marie Elliot, Callum Angus Carmichael
- Administrators' firm
- FRP Advisory
- Formerly
- The WEE House Company Ltd
- Incorporated
- 2013-06-24
- Location
- Glasgow
- Industry
- 41202 Construction of domestic buildings
Why it went into administration
- Sustained trading losses
- Rising costs / inflation
- Loss-making contracts / project overruns
From the administrators' statement
The Company was incorporated on 24 June 2013 and specialised in the manufacture and supply of affordable modular homes to housing associations, local authorities, and community trusts. It forms part of a wider group of entities which traded collectively as The Wee House Company. A structure chart is provided at Appendix G.
The Company operated from its head office at Caponacre Industrial Estate, Cumnock, KA18 1SH, which is wholly owned by the Company.
The Company reported revenues of £11.7 million and a gross profit of £817,289 in the financial year 2023; however, after settling the Company's significant overhead and administrative costs, a net loss of £386,504 was recorded. Furthermore, the reported losses continued in financial year ended 2024, with revenue of £11.4 million and a gross profit of £523,278, with an overall net loss of £934,297.
Administrators' statement of proposals (2025-02-26) · Companies House register