Inland on brink as firm set to appoint administrators

By Joey Gardiner2023-09-27T15:53:00

AIM-listed developer and land trader breached banking covenants earlier this month

AIM-listed developer Inland Homes has filed a notice of intention to appoint administrators weeks after breaching loan covenants from its bankers.

The £181m turnover firm said this afternoon it had resolved to begin the process of appointing David Hudson and Phil Armstrong of FRP Advisory as administrators and that some of its subsidiaries with floating charges over the firm have also filed notices of intention to appoint administrators.

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