Inland Homes set to appoint administrators

inland

AIM-listed developer and land trader on the brink after breaching 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 today it had resolved to proceed with the process of appointing David Hudson and Phil Armstrong of FRP Advisory Trading Ltd 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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