Administration confirmed at House by Urban Splash

Grant Prior 5 days ago
Share

Teneo has been appointed as administrator at House by Urban Splash.

The Enquirer revealed yesterday that staff had been sent home at the modular housing business following a shock company-wide teams call.

A total of 160 staff have been made redundant at its Derbyshire factory and sites across the country.

The modular operation was demerged from regeneration giant Urban Splash in 2019 when Japan’s biggest house builder Sekisui House and Homes England invested £55m in the business.

Adrian Berry, joint administrator, said: “This appointment follows various operational issues relating to the factory in Alfreton.

“We will now look to stabilise the Urban Splash House Group by providing a platform to complete certain developments and explore sale options for the factory and the other development sites. We would like to thank all employees and other key stakeholders for their continued support.” 

A statement from Urban Splash said: “The directors of House – Urban Splash House Holdings Group – have appointed administrators from Teneo to the company. 

“The appointment of Teneo senior managing directors Adrian Berry and Daniel Smith to the company has no impact on the wider Urban Splash group or its operations, which continue to run successfully. 

“House is a joint venture between individual shareholders who own 48% of the equity, Homes England which owns 4% and Sekisui House UK Limited, which owns the remaining 48% shares.

“The administrators will oversee completion and sale strategies for the company’s developments.”

The full list of comapnies in administration is Urban Splash House Holdings Ltd, Urban Splash House Investments Ltd, Urban Splash House Ltd, Urban Splash Modular Ltd, Port Loop Holdings Ltd, Port Loop Ltd and Port Loop (Subco1) Ltd

Latest news

Hunt starts for £250m Stockport 8 site developer

Town centre 8-acre site is earmarked for 1,200 homes, shops and leisute
3 hours ago

Water industry revives PFI model for £1bn job

Vast Haweswater Aqueduct upgrade to pilot new DPC model, hailed as the future for water companies
8 hours ago

VolkerRail fined £550,000 after trench collapse

Court hears how two metre deep excavation was unsupported
10 hours ago

Plans in for £500m Hollow Mountain pumped hydro scheme

Work removing 2m tonnes of rock could start within two years
7 hours ago

‘Ratty the Robot’ takes bite out of costly pipe inspections

Pipe-crawling tetherless robo-rat makes light work of complex underground inspections
8 hours ago

Graham gets green light for £124m M25 Junction 28

Consent allows work to start this Autumn on Essex junction upgrade
23 hours ago

Six win £600m panelised housing DPS deal

Better Building alliance of 29 housing associations signs up manufacturers
10 hours ago

Watkin Jones reports record £2bn pipeline

Student rooms and BTR builder plans corporate name change in big rebrand
9 hours ago

Race starts for £500m Scottish zero carbon hospital job

Bidding starts for new University Hospital Monklands near Airdrie
1 day ago

Manchester airport taxis out £60m terminal 2 pier job

Bidding to start before the end of 2022 for project start early next summer
1 day ago

Plan for 1,100-home complex at Leicester factory site

Galliford Try investments plots Corah Factory transformation
1 day ago

Axed House by Urban Splash staff plan legal action

Ex-workers consult with lawyers following administration
1 day ago

Summer slowdown fears as latest contract award data droops

Latest Barbour ABI Snap Analysis paints uncertain picture
1 day ago

Farrans wins £39m Somerset recycling hub

Site preparation gets underway for Keynsham Recycling Hub
1 day ago

Balfour gets green light for £250m M25 junction 10

Autumn start for M25 junction 10/A3 Wisley interchange improvement scheme
4 days ago

Leeds plumbing contractor sinks with loss of 30 jobs

Dickinsons Plumbing and Heating goes down but renewables arm salvaged in sale
4 days ago

HS2 achieves first diesel-free construction site

Skanska Costain STRABAG JV runs Kilburn site with green kit
4 days ago

Administration confirmed at House by Urban Splash

160 jobs lost following "operational issues" at modular factory
5 days ago

Network Rail fined £1.4m after worker crushed by track machines

Judge highlights "many layers of failure" within site management
5 days ago

Kier picked for £350m Leatherhead regen plan

Property arm to draw up plans to redevelop two large town centre sites
5 days ago

Two seriously injured in London steelwork collapse

Two steel erectors left fighting for their lives after collapse at Ardmore site
6 days ago

Urban Splash modular staff start looking for new jobs

Work stops at House by Urban Splash factory and housing sites
6 days ago

Building facade specialist CMS goes into administration

Building envelope firm had turnover of £43m
6 days ago

Office work uplift returns construction output to growth

New commercial work drives output uplift for the first time since the pandemic
5 days ago

More suppliers wanted on £683m waste power plant

Meet the buyer event for North London Heat and Power Project: Register now
6 days ago

Vistry Partnerships lands £128m London flats deal

Legal & General signs up firm for 480-flats over five buildings in Wandsworth
6 days ago

HS2 Project Bank Accounts “not worth paper they are written on”

Subcontractors furious after payment protection promises evaporate in wake of Roadbridge collapse
6 days ago

Taylor Wimpey to tear down half-built £48m Hackney Wick scheme

Concrete frame to be demolished after discovery of "potential structural issue"
6 days ago

Data centre work lifts TClarke orders to record high

Orders hit £585m, more than £100m on last year
6 days ago

BAM lands largest ever fit-out job

Firm to fit-out landmark 12-storey Edinburgh St James Quarter 'ribbon' hotel
1 week ago

Contractor services