Thank you for your interest in this story
To continue reading this article, sign up today to unlock exclusive content and be part of our community discussions
- Exclusive discounts
- Enjoy commenting on local issues
Already a subscriber? Log in here.
29
Jun 2023
Local firm that employs 1,000 staff set to close
Ilke Homes has told staff not to return to work and is expected to announce its closure imminently.
Numerous members of staff at the Flaxby-based firm, which employs about 1,000 staff, have told the Stray Ferret they were informed of the decision today.
Chief executive Giles Carter is expected to hold a video conference tomorrow.
Senior management have been told to hand in laptops and IT equipment ahead of the meeting.
The Stray Ferret has approached Ilke Homes for comment.
The modular house-building manufacturer told staff 20 days ago not to come into work as it sought a buyer and further investment.
Staff were paid in full on Wednesday and were informed by an email from Mr Carter that the firm continued to “pursue all angles to secure a long-term future for the business”. But no deal has transpired.
The headquarters at Flaxby
Ilke Homes, which is based alongside junction 47 of the A1(M), filed a notice of intention to appoint administrators last week.
The company said the move was due to financial difficulties caused by “volatile macro-economic conditions and issues with the planning system”.
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
Last week, the Stray Ferret reported the company had been offered to potential buyers for bids over £1, and some major housebuilders had been approached.
On Tuesday, a spokesperson for Ilke Homes told the Stray Ferret that “talks with potential investors remain ongoing”.
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