Modular Housing Provider

Offer Deadline:

Sold

Hilco Global are instructed by David Hudson and Philip Armstrong of FRP Advisory, the Joint Administrators of Hugg Homes Limited (‘Hugg’ or ‘the Company’), to market the business and assets of the Company.

The company was established in 2017, to provide a flexible temporary accommodation solution using modular homes. The business is underpinned by the key principle of utilising vacant land, often inactive during the planning process, to house Hugg units on a temporary basis, to result in an income stream. The units can be reused and easily moved, providing a truly flexible housing solution.

The modular homes can be constructed  as one, two or three bedroom units, and are manufactured within a 12 week period in the UK by Thurston.  Each unit is self contained, thermally and acoustically insulated (EPC rating of ‘C’) , with a fitted kitchen and tiled shower room.  At the current sites, residents benefit from additional external lockable storage and car parking.

The sale process represents an exciting opportunity to purchase the business and assets of an extremely well-renowned company with a proven track record for providing a practical, flexible solution to short term housing needs, with significant growth potential.

Assets for sale comprise the following:

Income Producing Investments

2 x income producing investments, available by way of a licence to occupy and a sale of title to the tenanted modular units, or a deferred sale of the modular units on vacant possession:

• 22 tenanted units located in Southampton, Hampshire, producing £181,943 pa
• 32 tenanted units located in Cheshunt, Hertfordshire, producing £354,232 pa

Vacant Modular Homes

• 16 x vacant unused 2 bedroom units, 16 x storage units & 1 x double door bike shed. Located in Cheshunt.
• 4 x vacant unused 2 bedroom Hugg units, 4 storage units and 1 double door bike shed. Located in Old Beaconsfield.
• 1 x vacant ‘Inland Homes’ marketing cabin. 25.6m x 7.2m. Located in Hounslow

Intellectual Property

• The valuable Hugg Homes intellectual property portfolio including the goodwill, registered trademarks, domains names, copyright in website content, Social Media Accounts and marketing/enquiry data.

Additional documents are available within the virtual data room, but please contact Hilco should further detail be required, or you wish to attend at the company premises.