Fri, 10 Oct 2025 | ADMINISTRATION
A modular housing specialist based in Sussex is poised to fall into administration, leading to work stopping on a number of projects the firm was undertaking. Boutique Modern Limited, which operates from a factory in Newhaven, has been trading for nearly 16 years.
Boutique Modern specialises in delivering housing products for housing associations and local authorities. The company, which employs approximately 68 skilled workers, was incorporated in 2010 and has designed more than 240 homes to date.
According to its website, Boutique Modern was the UK’s first modular housing firm to achieve B Corp certification, with the company reportedly highly committed to social and environmental standards.
The company had been undertaking a number of live housing projects in Lancing, Eastbourne and St Leonards and was also set to begin its biggest project yet, delivering 100 homes at the Grade II-listed Victorian Pump House site in Eastbourne. Enabling works on the site were already underway, with the first units due to be delivered shortly.
In Lancing, the company was at an advanced stage of a project delivering 16 council homes for Adur council tenants. Despite the homes being due to be completed and handed over to Adur District Council within the next four months, work has now stopped and the council said it is “urgently seeking information”.
The council said: “We are now considering what action needs to be taken to secure the completion of the developments at Daniel Close and Gravelly Crescent. Work has stopped at both sites and we're seeking to liaise with the new administrators to get more information about the projects.”
In accounts for the year to June 30 2024, the company’s fixed assets were valued at approximately £80,000 and current assets at slightly over £2 million. However, significant debts meant that the company’s net liabilities ultimately totalled slightly more than £11,000.
Find out more about insolvencies and dealmaking in the construction sector:
Insolvencies remain steady as construction continues to lead the way
M&A in building products and services: Will growth replace resilience?
This is a unique opportunity to acquire a reputable flat roofing business with a strong track record and a prestigious client base, including major commercial projects like IKEA Hammersmith and Angel Central Shopping Centre.
Corinth Contractors offers a turnkey opportunity in the construction industry, renowned for its exceptional quality and reliability in residential projects across high-growth areas in London, Kent, and Surrey.
This well-established, family-run window installation and repair business in Dorset boasts a stellar reputation for excellent customer service and high-quality workmanship since 2001.
|
14
|
|
Nov
|
The Pace Group expands with two further acquisitions as buy-and-build strategy accelerates | BUSINESS SALE
The Pace Group has strengthened its national footprint with ...
|
14
|
|
Nov
|
TekCor4 makes debut acquisition following private equity backing | BUSINESS SALE
Automotive technology specialist TekCor4 has completed its f...
|
14
|
|
Nov
|
UK wine retailer acquired by global commerce platform | BUSINESS SALE
Great Wines Direct (GWD), one of the UK’s leading onli...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.