Eco Modular Buildings Ltd, a modular building company located in Hull, has submitted a notice to initiate the process of appointing administrators, thereby raising uncertainty regarding its future operations. The company was established in 2011 and has collaborated with prominent contractors focused on the education industry.

In the year leading up to December 2021, Eco Modular Buildings Ltd. generated a turnover of £33.5m, with a pre-tax profit of £244,000. Simon Bentley Rawson, the company’s founder has not commented on the decision to appoint administrators.

According to Rawson, Eco Modular Buildings Ltd is recognised as the industry’s leading off-site construction business. Their cost-effective alternative to traditional building methods has led to a surge in their popularity in recent years. The company’s impressive client base includes some of the UK’s leading Tier 1 construction firms, as well as a range of major contractors in the education sector. The company’s buildings have been employed in a diverse array of applications, including school classrooms, student lodging, office buildings and medical facilities.

Despite the company’s success in recent years, it has faced increasing competition from other building firms. The rising construction costs and supply chain disruptions have added to pre-existing complexities. The news of Eco Modular Buildings Ltd’s potential administration has raised concerns for the company’s employees,clients and suppliers alike. However,it is still early to predict how this situation will pan out in the near future. 

To find the contact details of the appointed administrators, visit the Administration List website and discover up-to-date information on distressed companies in the UK.