Latest statement of affairs for Ilke Homes, filed by the administrators from Alix Partners on 31st August, lists the dozens of companies left with unpaid debts.
Ilke Homes was a private equity-owned start-up volumetric modular house-builder that closed in June after failing to find a buyer despite claiming a £1bn order book and a 4,200-home pipeline. . More than 1,000 employees lost their jobs.
Of the creditors, only Homes England – owed £68,175,814 – holds any security, in the form of fixed and floating debentures. Homes England is, of course, a government agency, which wrongly thought that Ilke Homes would be a good punt with taxpayers money.
The administrators’ report shows that HMRC is owed £2.2m and the employees £725,000 in holiday pay and pension arrears.
Intercompany unsecured creditors amount to nearly £227m.
Companies owed more than £200,000 include recruitment firm Andersen James, Pricewaterhouse Coopers, Sunblet Rentals, Apex Wiring Solutions, Raventree (trading as Premier Kitchens) and woodworking machinery manufacturer Homag UK.
Those owed more than £300,000 include North Yorkshire County Council, chartered surveyor Landwood Group, Bryn Thomas Cranes, Jewson and City Electrical Factors.
Those left out of pocket by more than half a million include Duftons Plumbing & Heating Suppliers (£574k) and window supplier Euramax (£619k).
National timber group is owed £892,000 Modular Movements Ltd is owned £1m and Modular Plantrooms Ltd (trading as LGSF) is out of £1.6m. Wetherby Building Systems, supplier of renders and external wall insulation, is owed more than £1.8m.