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Sekisui House UK, which was established in 2018, is to go into liquidation. The company had invested in Urban Splash House Holdings and also made a loan to one of the companies in the group, Port Loop. Seven of the companies in the Urban Splash group went into liquidation in 2022 including Urban Splash House Holdings Ltd, the main development business Urban Splash House Ltd, the modular manufacturing business Urban Splash Modular Ltd, and a development vehicle for the Port Loop development, Port Loop (Subco 1) Ltd.
Urban Splash was hit by the under-use of its factory, which led to losses piling up with the problems compounded by design issues which resulted in defects in the homes it produced.
It seems Sekisui refused to bail the company out once a shortfall was identified.
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