Modular homes specialist Lighthouse had filed a notice of intention to appoint  an administrator.

Bosses at the Sheffield based business have told staff to continue working from home today while they try to secure the company’s future.

An email sent to all staff by CEO Tom White said: “I must now inform you that we have initiated a Notice of Intention to appoint an administrator. This decision was made after careful consideration of our financial situation.

“It’s important to note that this action does not mean that we have entered administration. Instead, it provides us with the necessary time to continue our efforts to secure the future of the business.

“We understand the uncertainty and stress this situation is causing and we want to assure you that your well-being and the future of our team remain our top priorities.

“Discussions are ongoing and whilst we don’t have all the answers at this moment, we are committed to keeping you informed and maintaining open communication throughout this process.

“Given our current situation, please continue to work from home on Monday. However, a select few team members will be contacted individually and requested to attend site in Sheffield to carry out critical business activities.

“We have always endeavored to work in an honest and transparent manner, and we aim to uphold these values as we navigate through these challenging times.”

Lighthouse was founded in 2020 with a vision “to revolutionise housebuilding and usher in a new era of quality, sustainability and speed.”