Over 120 jobs gone as modular housebuilder enters administration

Administrators have been appointed at a Coventry modular housebuilder after it struggled with rising costs and relocation issues.

Modpods International entered administration on August 12 with Paul Ellison and Christopher Errington of KRE Corporate Recovery appointed as joint administrators.

Before the administration process began, efforts were made to sell the business and its assets as a going concern, but no buyer was found.

Consequently, on July 11, 2024, all 122 employees were made redundant.

The administrators have now completed a pre-pack sale of the company’s assets to HPG Developments.

Modpods specialised in designing and constructing modular buildings, cited the costly and prolonged relocation of its trading premises as a key factor in its insolvency.

This, coupled with a client dispute and challenging trading conditions, severely impacted the company’s cash flow.