25-08-2023 08:19 via constructionenquirer.com

Ilke Homes went under owing £320m

Ilke Homes collapsed owing £320m.
The scale of the modular house builder’s debts can be revealed after the Enquirer saw a statement of proposals issued to creditors by administrator AlixPartners.
Ilke went into administration in June after running out of money and failing to find a buyer for the business.
Money owed to unsecured creditors was £249m with the vast majority – £226m – made up of inter-company debts associated with losses suffered by equity investo
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