Inland secures waivers after breaching loan covenants

By Joey Gardiner2023-02-20T10:46:00

Shares rebound after troubled South east developer strikes deals with banks over £49m loans

Troubled South east housebuilder Inland Homes saw its shares soar in value on Friday after it announced it had secured the agreement of two of its banks to waive covenant breaches to allow it to continue trading.

The £182m turnover firm said it had agreed waivers with two banks, Secure Trust Bank PLC and HSBC UK, for separate loans totalling nearly £50m.

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