Jobs are at risk after a multi-million pound Nottinghamshire modular home building company entered administration.
Caledonian Modular, which has a manufacturing base in Carlton-on-Trent in Newark, employed more than 222 people according to documents filed on Companies House in March 2020.
Administrators from Alvarez & Marsal took control of the business on Thursday (March 10), it was confirmed on the Government website.
Calls to the head office go straight to voicemail and the company website is down at the time of writing.
The registered office address has also been changed to an address in Glasgow, Scotland.
The latest report and financial statements submitted by Caledonian Modular to Companies House was for the financial year of 2019/20, which was stamped by government on March 4, 2021.
Financial years run from April 1 to March 31 the following year.
In 2018/19, the company had a turnover of £50,144,000, compared to £45,317,000 in 2019/20, a 9.6 percent decrease.
Caledonian Modular made a loss of £739,000 in 2018/19, before a loss of £2,784,000 in 2019/20, a loss rise of 276.7 percent.
These figures are before the impact of the pandemic was felt by businesses too.
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