{"id":885640,"date":"2026-01-17T17:18:42","date_gmt":"2026-01-17T23:18:42","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/01\/17\/modular-firm-backs-new-chapter-for-merit\/"},"modified":"2026-01-17T17:18:42","modified_gmt":"2026-01-17T23:18:42","slug":"modular-firm-backs-new-chapter-for-merit","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/01\/17\/modular-firm-backs-new-chapter-for-merit\/","title":{"rendered":"Modular firm backs \u2018new chapter\u2019 for Merit"},"content":{"rendered":"
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The main Northumberland based trading company Merit Holdings went under owing suppliers \u00a317m<\/a>.<\/p>\n

A new business Merit Industrialised Construction, which was established in November 2025, has acquired intellectual property, design systems and manufacturing know-how from the administrators Interpath.<\/p>\n

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The new company is majority owned by Modulex Modular Buildings which is based in London and has its main factory in India.<\/p>\n

The CEO of Merit Industrialised Construction is Tony Wells who founded the original business.<\/p>\n

The new company said the directors \u201care acutely aware of the impact that the administration process has had on suppliers and other stakeholders connected to the former businesses.\u201d<\/p>\n

Wells added: \u201cThe administration of the former businesses was a difficult outcome and resulted in the loss of a significant manufacturing presence in the region.<\/p>\n

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\u201cMerit has been created to move forward positively, supported by strategic investment and international opportunity, with a focus on design, manufacturing and delivery excellence.<\/p>\n

\u201cMerit represents a new chapter. The business has been established with new investment partners, new governance and a refreshed operating model. This structure allows us to build on proven intellectual property while developing new capabilities for the future.\u201d<\/p>\n

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Read More<\/a>
\n Grant Prior<\/p>\n","protected":false},"excerpt":{"rendered":"

The main Northumberland based trading company Merit Holdings went under owing suppliers \u00a317m. A new business Merit Industrialised Construction, which was established in November 2025, has acquired intellectual property, design systems and manufacturing know-how from the administrators Interpath. The new company is majority owned by Modulex Modular Buildings which is based in London and has<\/p>\n","protected":false},"author":1,"featured_media":885641,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4189,39425],"tags":[],"class_list":{"0":"post-885640","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-backs","8":"category-modular"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/885640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=885640"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/885640\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/885641"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=885640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=885640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=885640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}