{"id":18051,"date":"2023-06-09T12:07:02","date_gmt":"2023-06-09T19:07:02","guid":{"rendered":"https:\/\/essential.construction\/news\/ilke-homes-put-up-for-sale-in-battle-to-save-modular-builder\/"},"modified":"2023-06-09T12:07:04","modified_gmt":"2023-06-09T19:07:04","slug":"ilke-homes-put-up-for-sale-in-battle-to-save-modular-builder","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/ilke-homes-put-up-for-sale-in-battle-to-save-modular-builder\/","title":{"rendered":"Ilke Homes put up for sale in battle to save modular builder"},"content":{"rendered":"<p> <a href=\"https:\/\/essential.construction\/files\/membership-default-internal\/\" class=\"memberhide\"><img decoding=\"async\" src=\"https:\/\/essential.construction\/news\/wp-content\/uploads\/sites\/15\/2023\/01\/20220718_175041000_iOS.jpg\" alt=\"-\"><\/a><br\/><br \/>\n<\/p>\n<div id=\"post-475649\">\n\t<!-- .entry-header --><\/p>\n<div class=\"entry-content\">\n<p>The <em>Enquirer<\/em> understand that work stopped at both sites and its 250,000 sq ft factory in Knaresborough, North Yorkshire on Friday.<\/p>\n<p>Directors warned the business was struggling in the face of volatile macro-economic conditions and issues with the planning system complicate fundraising and housing delivery.<\/p>\n<p>A sale would allow the company to deliver its 4,200-home pipeline following triple-digit revenue growth over the last three years.<\/p>\n<p>In a statement, the firm said that it\u2019s \u00a31bn order book was predominantly made up of affordable homes, meaning that without a new investor, much-needed housing would not be delivered.<\/p>\n<p>Established five years ago, ilke Homes\u2019 client base includes major institutional investors, housing associations, volume house builders and local authorities.<\/p>\n<p>Ilke and its advisers have been exploring fundraising options and the existing backers hope to secure a future for the business via a sale or investment, to enable it to deliver on its 4,200-home pipeline and protect its workforce.<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<footer class=\"entry-meta\">\n<div class=\"author-info\">\n<div class=\"sleeve\">\n<div class=\"author-avatar\">\n<div class=\"sleeve\">\n\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p><!-- .author-info -->\t\t\t<\/footer>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-5143531171910809\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- News - Bottom -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-5143531171910809\"\r\n     data-ad-slot=\"8320848692\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><a href=\"https:\/\/www.constructionenquirer.com\/2023\/06\/09\/ilke-homes-put-up-for-sale-in-battle-to-save-modular-builder\/\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Enquirer understand that work stopped at both sites and its 250,000 sq ft factory in Knaresborough, North Yorkshire on &#8230; 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