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Administration · 30 June 2023

Ilke Homes

Housebuilder · Harrogate · Yorkshire and the Humber

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What happened

ILKE HOMES LIMITED (company number 10909968), incorporated in 2017, entered administration on 30 June 2023. Its status at Companies House is now: dissolved.

Why it failed

Liquidity constraints, largely from inflationary pressures, went unresolved: a funding deal collapsed in May 2023, Homes England declined more funds and no investor or buyer could act in time.

  • Main reason: Cash flow
  • Cost inflation
  • Funding withdrawn
  • Sale or investment failed

Our summary of the reasons given in the administrators' proposals. These record the administrators' and directors' account of what happened.

An administrator, a licensed insolvency practitioner, takes control of the company to try to rescue it, sell the business or get a better result for creditors than a liquidation.

Timeline

The last accounts and payment report before the failure, then what happened, with the time between each.

  1. 31 March 2021

    Last accounts filed were made up to this date

    18 months later

  2. 30 September 2022

    Last payment practices report ends: average 23 days to pay, 56% of invoices not paid to agreed terms

    9 months later

  3. 30 June 2023

    Administration started

    3 months later

  4. 5 September 2023

    Winding-up petition presented

  5. 18 September 2023

    Administration ended

  6. 18 September 2023

    Winding-up order made by the court

    18 months later

  7. 21 March 2025

    Winding up concluded

    5 months later

  8. 13 August 2025

    Company dissolved

AccountsPayment reportInsolvency

Before it failed

Key figures

Turnover in its last accounts, year to Mar 2021
£12.7m
Accounts at Companies House
Loss before tax, year to Mar 2021
£33.9m
Accounts at Companies House
Staff, year to Mar 2021
499
Accounts at Companies House
Net liabilities, year to Mar 2021
£46.1m
Accounts at Companies House
Average days to pay suppliers, 1 April 2022 to 30 September 2022
23 days
1% paid after 60 days, 56% not paid to agreed terms
Its last payment practices report
Owed to suppliers and subcontractors (estimated), as at 30 June 2023
£17.1m
HMRC owed £2.2m. staff owed £725k. a further £68.8m owed to its lenders. Expected return to unsecured creditors: nil
Administrators' proposals

The last accounts filed were full accounts made up to 31 March 2021, 27 months before it went into administration. Private companies have nine months after their year end to file, so a gap of more than 21 months usually means the next accounts were overdue, one of the warning signs worth checking for.

The full filing history, including any late filings, charges and director changes, is on Companies House.

Lessons learned report

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