Ilke collapsed into administration with debts of £319m

By Joey Gardiner2023-09-01T10:54:00

Staggering debts of modular housebuilder include £68m to Homes England and £227m to equity investors

Collapsed modular housebuilder Ilke Homes went under in July with net debts of more than £319m, a statement of affairs released by its administrators has revealed.

According to the statement, published on Companies House, the bulk of the debt comes from £227m owed to “intercompany creditors”, money which is ultimately owed in equity to the firm’s investors, who have been publicised as comprising TDR Capital, Sun Capital and Fortress Investment Group, among others.

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