Well over 1,000 staff have been made redundant since ilke Homes fell into administration, it has been confirmed.
ilke Homes Limited filed an application notice to appoint administrators with the Companies Court on Friday, 30 June.
Shortly after, financial advisory firm, AlixPartners, was appointed as joint administrators at the request of the directors of the modular housebuilder.
At the time, it reported up to 1,150 staff had lost their jobs, though some were retained in the short term to assist administrators in winding up the company.
Since then, AlixPartners has confirmed 1,058 employees have in fact been made redundant.
1,039 were part of the company’s Homes division, while 19 had worked in ilke’s Land division.
Administrators have assigned a specialist agent to support staff in understanding their statutory entitlements and making claims to the Redundancy Payments Service.
AlixPartners said “a small number of retained employees” is helping it to estimate ilke Homes’ assets on behalf of creditors.
It added it is seeking “expressions of interest for any or all” of those assets.
It is also understood employment law experts Aticus Law had been retained by former employees to determine if they can claim for a Protective Award – or compensation by employment tribunal.
Aticus Law said if staff can pursue a claim for a Protective Award and are successful, they could receive up to eight weeks’ worth of pay in compensation, with a cap of £571 per week.
It is understood ilke suffered inflationary pressures and a lack of land supply linked to planning processes.
After weeks of trying, the financially struggling firm failed to find a buyer or a fresh injection of capital, tipping it into administration.
Aticus Law said it is now representing 454 former employees of Ilke Homes, up from 160 last week.
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