20-year-old Elements (Europe) Limited specialised in room modules and bathroom pods

A Korean engineering company has taken over the running of a 21-storey office and hotel scheme in east London that was being built by collapsed firm Elements Europe.

More than 140 jobs went earlier this month after the Shropshire-based modular construction specialist sank into administration.

It was set up in 2005 and was based in Telford and specialised in off-site volumetric design and manufacturing of room modules and bathroom pods for residential developments, student accommodation and hotels.

elements

Elements Europe was set up in 2005

Administrator Interpath said the firm had historically acted as a subcontractor but four years ago took on two construction projects as main contractors in Hackney, east London 鈥� called the East Road Project 鈥� and a project called Camp Hill in Birmingham.

In an update, Interpath said the Hackney scheme had been bought by GS E&C Corp.

Joint administrator Steve Absolom said: 鈥淎 representative from the GS E&C Corp will be in touch with the subcontractors involved in due course with details of next steps.鈥�

Interpath said it was still exploring options about Elements鈥� other assets including the Birmingham scheme.

Interpath has previously said both the Hackney and Birmingham jobs were loss-making for Elements Europe.

In its last set of results, filed last October for the year to December 2023, Elements Europe saw turnover nearly double to 拢42m but pre-tax losses widened from 拢5.8m to 拢29m.

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