Collapsed local modular housebuilding firm Ilke Homes' name has been brought back to life.

The company, based alongside the A1(M) at Flaxby near Knaresborough, ceased trading and entered administration last June with the loss of more than 1,000 job losses and debts of £320 million.

Government housing agency Homes England, which was owed an estimated £68.7 million, was among the substantial list of creditors. Employee claims were reported to be more than £720,000, while HMRC was owed £2.1 million and unsecured creditors' debt at the company totalled £249.3 million.

However, Irish company Homespace Residential Limited is now using the Ilke Homes name.

The Stray Ferret understands Homespace bought some of Ilke Homes' assets in October last year, including some inventory items and the intellectual property, which gives it the right to use the firm's name and logo.

 

The home page of the Ilke Homes website how contains information about Homespace.

It says:

It goes on to say Ilke Homes "delivered over 1,000 high-quality energy-efficient homes" during its six-year lifespan and that Homespace has "proven built designs available for nine core house types".

AlixPartners UK, which was appointed liquidator last year, said Ilke Homes faced “challenges of unprecedented inflation and a lack of land supply linked to planning processes".

The firm told the Stray Ferret today it was still acting as liquidators for Ilke Homes, but declined to comment further.

The Stray Ferret reported in August that more than 600 former employees of the company were to take legal action over the handling of the redundancy process.

We contacted Homespace to find out more about the acquisition but did not receive a response by the time of publication.

Read more:

• Flaxby firm Ilke Homes enters liquidation with debts of £320 million


• Employees to get little Ilke Homes settlement, document reveals