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Birmingham Post

Business

Jon Robinson

EXPLAINED: Almost 200 jobs at risk after urban splash joint venture enters administration | Vintage Vibes

Urban Splash Teneo Daniel Smith Derbyshire Homes England Studio Retail Group

A total of 160 jobs have been lost after a modular housing joint venture between Urban Splash and a Japan-based giant entered administration.

The US House Group is a joint venture between the Manchester-headquartered property company, Sekisui House UK - a subsidiary of the Japan-based Sekisui - and Homes England who own the remaining 4% of shares.

Both Urban Splash and Sekisui House UK own 48% of the shares each.

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