Insert Logo text
Trusted media brand of the Chartered Institute of Housing
Housing Today
Trusted media brand of the Chartered Institute of Housing
Inland Homes founder steps down after shock profit warning
Stephen Wicks to retire as developer heading for £37m loss on construction over-runs and planning delays
The chief executive of listed housebuilder and land trader Inland Homes has retired after the firm today delivered a huge profit warning to the City.
The business said it now expected to sink to a £37m pre-tax loss for the year after having been hit by contract and planning delays and cost inflation, and said it had appointed advisors Lazard & Co. to conduct a “strategic review” of the business.
…
Login or Register for free to continue reading Housing Today
To continue enjoying housingtoday.co.uk, REGISTER FOR FREE
Already registered? Login here
Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Sign up below to receive:
- Breaking industry news as it happens
- Gain access to Housing Today’s Specialist CPD modules
- Expert News and analysis
It takes less than one minute….
Join the Housing Today community - REGISTER TODAY
… or subscribe for full access - Subscribe now