Ilke subsidiary to be liquidated due to lack of funds to pay creditors

By Joey Gardiner2023-09-13T13:53:00

Statement from collapsed modular firm’s administrator reveals 11th hour rescue bid almost saved company

Ilke Homes’ modular construction subsidiary is set to be liquidated after administrators of the collapsed group decided there was not enough money left in the business to give anything back to creditors.

A statement of proposals published by administrator Alix Partners also revealed that the group came painfully close to avoiding collapse in June, only for a rescue bid for the company to be withdrawn at the eleventh hour.

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