ESS Modular went down owing suppliers £7m

ESS Modular went down owing suppliers £7m

Debts at trading company Extraspace Solutions (UK) Limited (ESS) have been confirmed in an update at Companies House by administrator EY.

Extraspace Solutions UK Limited is owned by Cathexis UK Holding Ltd – which is also the owner of ISG.

Exterior view of a green industrial building with stairs and fence under cloudy skies.
Photo: Peter Dyllong / Pexels

EY said the company was in a separate corporate structure and the administration of ISG has not been the catalyst for its insolvency.

AdvertisementDon't Outlive Your Benefits — Long-Term Care insurance with unlimited LTC funds for as long as you live. Call 1-800-317-0625

The update also shows £13.3m owed to Cathexis following the collapse and £2.8m in employee related claims by the 100 staff who were all made redundant.

AdvertisementDon't Outlive Your Benefits — Long-Term Care insurance with unlimited LTC funds for as long as you live. Call 1-800-317-0625

Latest accounts for ESS for the year to December 31 2022 showed a turnover of £14m and a pre-tax loss of £14.6m.

Photo of modern office containers with shutters under a blue sky.
Photo: Borys Zaitsev / Pexels

AdvertisementDon't Outlive Your Benefits — Long-Term Care insurance with unlimited LTC funds for as long as you live. Call 1-800-317-0625

AdvertisementDon't Outlive Your Benefits — Long-Term Care insurance with unlimited LTC funds for as long as you live. Call 1-800-317-0625

Read More

Join the conversation

Your email address will not be published. Be respectful — keep it constructive.

AdvertisementDon't Outlive Your Benefits — Long-Term Care insurance with unlimited LTC funds for as long as you live. Call 1-800-317-0625
AdvertisementDon't Outlive Your Benefits — Long-Term Care insurance with unlimited LTC funds for as long as you live. Call 1-800-317-0625