Following the collapse of the Knaresborough-based business lauded as a pioneer of modular construction, Matilda Battersby asks the experts what happened and how other businesses in the space can avoid a similar fate
After a month of uncertainty and a two-week scramble to find a willing buyer, modular homebuilder Ilke Homes sank into administration.
Lauded by many in the industry for its design, delivery and efficiency, Ilke Homes had seemed like the model for modular to aspire to. Established in 2018 in Knaresborough, north Yorkshire, the company quickly established regional offices in London, Birmingham and Bristol, with Homes England awarding it £30m in funding. In five years, it created a pipeline of more than 3,000 homes, working with institutional investors, developers, housing associations and councils.
We asked a range of industry players what went wrong for the homebuilder and what the future holds for modern methods of construction (MMC) industry more broadly:
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