Modular

Administrators for offsite construction specialist Merit Holdings have said they are “unlikely” to recoup the £17.4m owed to unsecured creditors. Merit Holdings Ltd – the main trading arm of Merit Group Services Ltd – ceased operating last year after entering administration , owing creditors £31m. James Lumb and Will Wright of Interpath were appointed as

Last week, Homes England published its new strategic plan to support the government in achieving its commitment to build 1.5 million new homes by the end of the current parliament. So far, net additions to the housing stock between July 2024 and November 2025 amount to only about 275,600 homes ─ roughly 18 per cent of the

Rendering of an L&G modular scheme in Selby Losses have been scaled back at Legal & General’s modular business as the firm continues to wind down. According to newly released financial information, it recorded a loss before taxation last year of £9.4m as operating costs diminished in the wake of the decision two years ago

Modular construction firm Elements Europe went into administration owing hundreds of suppliers £8.7m. A report from administrators at Interpath revealed that two loss-making major contracts, which were plagued with delays and water issues, impacted the firm. Work ceased immediately on the projects in Hackney and Birmingham when Interpath was called in on 4 June. The

Picture credit: Premier Modular Premier Modular saw its pre-tax profit drop by 40 per cent last year amid static turnover and difficulties in its permanent buildings division. The East Yorkshire-based company, which specialises in manufacturing temporary or permanent modular structures, saw its turnover fall by 0.8 per cent from £102m to £101.1m. Pre-tax profit dropped

Thurston Group has completed its second acquisition this year after buying the assets and intellectual property of a failed manufacturer of temporary living and secure accommodation units. The Wakefield-based modular and portable building specialist has sealed the acquisition of Alsim System Building for an undisclosed sum. Alsim went into administration in March, according to a

A modular specialist owned by ISG’s parent firm Cathexis owed £70m to the supply chain went it went under days after ISG’s collapse. ESS Modular appointed administrators four days after ISG’s subsidiaries called in Ernst & Young (EY) to administer its affairs. EY was also appointed to lead ESS Modular’s administration process. In a progress

Artist's impression of Merit's factory expansion Offsite specialist Merit Holdings has insisted its future is “tremendously exciting” despite a huge drop in pre-tax profit in its latest full-year results. Pre-tax profit at the Northumberland-based firm plunged by 72 per cent from £8.4m to £2.3m in the 12 months to 30 June 2024. Its turnover fell