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14
Sept 2023
A new document published by the administrators of failed housebuilder Ilke Homes has revealed that its debts are far greater than previously believed, and that employees stand to gain little from any settlement.
Ilke Homes collapsed into administration in June, causing the loss of 1,100 jobs and leaving a long list of creditors wondering when they might get any money back – and how much they might receive.
A Statement of Affairs published on the government’s Companies House website two weeks ago appeared to show that the company left debts of about £320 million, but it transpires that that figure applied only to Ilke Homes Limited (IHL), which is one of three companies currently in administration by AlixPartners.
The other two, Ilke Homes Land Limited (IHLL) and Ilke Homes Holdings Limited (IHHL), were part of the same operation and have also left debts, of £52.8 million and £23.9 million respectively.
The total combined sum of the three companies’ debts amounts to £397.95 million.
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