Inland Homes is set to reappoint founder Stephen Wicks to its board after its chair and two other directors resigned following ‘related party issues’.

The troubled south-east housebuilder announced in a market update this morning that chair Simon Bennett and board members Carol Duncomb and Brian Johnson, formerly the boss of housing association Metropolitan, have all announced their resignation. 

The update said the trio stood down after the rest of the board was not informed of issues which may be treated as ‘related party transactions’ under stock exchange rules. Under disclosure rules, firms must issue notification without delay of certain transactions with ‘related parties’ . It said it will make a further announcement about this.