There are no plans to float modular housing firm Ilke on the stock exchange, according to the former listed housebuilder chief executive, Stephen Stone, who was last week drafted on to the board.

The appointment of Stone, who led Crest Nicholson’s successful stock market IPO in 2013, led to some speculation that Ilke, which is owned by private equity firms Sun Capital and TDR Capital, was considering a flotation.

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