Subscribe to trusted local news
In a time of both misinformation and too much information, quality journalism is more crucial than ever. By subscribing, you can help us get the story right.
- Subscription costs less than £1 a week with an annual plan.
Already a subscriber? Log in here.
30
Jun 2023
Flaxby housebuilder enters administration
Flaxby-based Ilke Homes has entered administration after being unable to find a buyer.
Earlier today, Clare Kennedy, Catherine Williamson and Deborah King of AlixPartners were appointed as Joint administrators to Ilke Homes Holdings Limited, Ilke Homes Land Limited and Ilke Homes Limited collectively.
The appointment was made at the request of the company's directors.
In a statement, the administrators said the move will see the immediate closure of the manufacturing facility in Flaxby and all site activities are to cease.
They added that a “significant majority” of the company’s 1,150 staff will be made redundant. A small amount will remain to assist in the winding up of the firm’s affairs.
Clare Kennedy, joint administrator and a partner & managing director at AlixPartners, said:
Read more:
- Flaxby firm Ilke Homes files administration notice
- Knaresborough housebuilder up for sale as operations paused
- Staff sent home as Knaresborough housebuilder seeks urgent investment
Administrators added that the firm had “faced the challenges of unprecedented inflation and a lack of land supply linked to planning processes”.
Ilke Homes, which is based alongside junction 47 of the A1(M), filed a notice of intention to appoint administrators last week.
Officials at the firm said previously that it needed additional funding to fulfil a £1 billion order book and to protect jobs, adding that new investment was needed to build its pipeline of 4,200 new homes.
Ilke Homes was established in 2017 and opened its Flaxby factory the following year. Since then, it built up a client base that included major institutional investors, housing associations, developers and local councils.
0