The scale of the financial woes that faced a modular housing joint venture between Urban Splash and a Japan-based giant as it collapsed into administration has been revealed for the first time.
Urban Splash Housing Holdings was a joint venture between the Manchester-headquartered property company, Sekisui House UK - a subsidiary of the Japan-based Sekisui - and Homes England which owned 4% of shares.
The group owned a number of development sites and a modular building factory in Alfreton, Derbyshire.
