- Home
- Intelligence for Architects
- Subscribe
- Jobs
- Events
2025 events calendar Explore now Keep up to date
Find out more
- Programmes
- CPD
- More from navigation items
Firm latest in line of MMC firms to sink into administration
Modular housebuilder Modulous will formally enter administration today after a “devastating” race to secure more funding took it to what chief executive Chris Bone described as the “end of the cash runway”.
Bone, who said the company was £4m in debt, blamed “the vagaries of the venture capital markets”. He told Housing Today the firm had £30m of pledged funding, but when one funder pulled out and the remainder prevaricated the business “couldn’t bridge the gap”.
You are not currently logged in.
Existing Subscriber? LOGIN
REGISTER for free access on selected stories and sign up for email alerts. You get:
Subscribe to Building Design and you will benefit from: