Huge Losses At Modular Firm Handed £30m Of Public Cash

A modular homes specialist granted £30m of government funding this week racked-up a pre-tax loss of £7.7m in its latest published accounts. Yorkshire based ilke Homes was handed a £30m loan by Homes England earlier this week to ramp-up production at its Knaresborough factory which opened last year. The money was announced by Housing minister Esther McVey who hailed it as a “significant step” in the creation of a “Construction Corridor” in the north of England. It is the largest investment by Homes England in a modular housing business. Read more on the Construction Enquirer website.

https://www.constructionenquirer.com/2019/11/08/huge-losses-at-modular-firm-handed-30m-of-public-cash/