A holiday home manufacturer has entered administration, putting jobs and production at risk.
Sunseeker Holiday Homes, based in Hull, appointed administrators on Monday, September 7, according to a notice published on September 10.
The company, which employs 76 staff, manufactures lodges and holiday homes and was founded in 2019.
Frazer Ulrick of Westgates Restructuring Limited has been appointed as administrator by the High Court.
The firm describes its products as offering "intelligent design, second-to-none craftsmanship and groundbreaking creativity," and says its directors have more than 100 years’ combined experience in the industry.
In recently published accounts for the year ending August 2025, the company said it faced "uncertainties" in the market, including inflation, fluctuating consumer confidence, interest rate rises, and supply chain disruptions.
The directors said: "The company has adequate resources to continue trading for at least 12 months from the date of approval of these financial statements."
The accounts were approved on May 27, just four months before the company entered administration.
The directors said they had taken steps to "strengthen the company’s financial position and mitigate the uncertainties," including cost-saving measures in manufacturing, detailed cash flow forecasts, pricing reviews, and exploring new revenue opportunities.
Sunseeker Holiday Homes offers a minimum two-year warranty on its homes, but the future of the business and its commitments to customers now remains uncertain.
Administration is a legal process triggered when a company is unable to meet its debt obligations.
What happens when a company goes into administration?
When a company enters administration, it means that it is unable to pay expenses, debts, or other liabilities, according to SquareUp.com.
Companies House adds: "When a company goes into administration, they have entered a legal process (under the Insolvency Act 1986) with the aim of achieving one of the statutory objectives of an administration. This may be to rescue a viable business that is insolvent due to cashflow problems.
"An appointment of an administrator (a licensed insolvency practitioner) will be made by directors, a creditor or the court to fulfil the administration process."
A statutory moratorium is put in place once a company enters administration, giving it "breathing space" to allow for financial restructuring plans to be drawn up free from creditor enforcement actions.
A company can continue to trade while in administration, but daily management and control are handed over to the administrators.
Companies House continues: "Within 8 weeks it is the administrators’ role to formulate administration proposals.
"Creditors are then asked to vote by a decision procedure to approve the administrators’ proposals.
"If the administration involves a sale of all or part of the company’s business, the proceeds (after the costs of the procedure) will be distributed to creditors in a statutory order of priority."
Administration will end automatically after 12 months unless the administrator asks the court or creditors for an extension.
Through administration, a company can be:
- Rescued and passed back to the directors
- Enter liquidation
- Be dissolved
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