Tamdown faces £2m hit if ilke Homes collapses

Groundworks contractor Tamdown stands to lose £2m if modular housing contractor ilke Homes falls into administration.
Its AIM-listed parent company Nexus issued a profit warning to the market following Construction Enquirer’s report yesterday that Ilke Homes has file a notice of intent to appoint an administrator.
The notice holds creditors at bay for 1o days while the business fights for its survival to find an investor to save the modular business.
Many other contractors and suppli