An Upper Hutt company is making modular builds for owners who feel priced out of the market.

Prefabricated housing company Matrix Homes has been put in receivership potentially putting at least 25 Upper Hutt jobs at risk.

BDO Wellington partners Iain Shephard and Jessica Kellow were appointed as receivers on Wednesday by Matrix Homes' managing director Sean Murrie.

The company built transportable houses for $139,000 in its Trentham warehouse.

Kellow said the receivers would try to sell the business as a going-concern. However, Camperdown Studios applied to liquidate the company earlier this month.

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Sir Peter Jackson is a large shareholder in Camperdown Studios and a former director of the company.

CAMERON BURNELL/STUFF Matrix Homes managing director Sean Murrie has placed the company in receivership.

Camperdown Studios owns 22 properties, which includes 19 properties surrounding Weta Workshop, Weta Cave and Stone Street Studios in Wellington.

The liquidation application was due to be heard in the High Court in Wellington on July 3, but has been deferred to August for settlement discussions.

Camperdown Studios uses half of Matrix Homes' 8000-square-metre warehouse to store props from Weta films including the Lord of the Rings trilogy.

MONIQUE FORD/STUFF The factory where the prefabricated homes are built is owned by Sir Peter Jackson-related company Camperdown Studios.

Matrix general manager Grant Richardson said earlier this month the liquidation proceedings were over a "landlord issue".

Matrix had made several applications to provide its modular homes for KiwiBuild contracts, primarily in Auckland, he said.

Kellow said she was "confident" they would be able to find a buyer.

She said the receivers had received expressions of interest, but would not comment on the identities of the interested parties.

Kellow said Matrix had put a lot of money into research and development

"Probably just the lag in converting that to sales has impacted negatively on cash flow."

MATTHEW TSO/STUFF Half of the Matrix warehouse is used as storage by Weta Workshops.

Kellow said the company would continue trading, staff would continue to be paid, and the receivers were "liaising with clients".

"It's business as usual."

She said it was too soon to comment on the state of the company's assets.

The company's indoor assembly line employs 25 workers, many of them apprentices.

Matrix account manager Marcus Bokkerink said he had not be told that the company was in receivership, but could not speak for the rest of the staff as he had not been working in the office on Wednesday.

A new subdivision development being built in Tawa, Wellington near the Countdown supermarket includes 22 Matrix Homes.