Inland Homes administrators rule out rescue for any part of the business

2023-12-05T10:46:00

Firm sank in October after months of turmoil

The administrators assigned to review Inland Homes’ financial situation have concluded that none of the 20 companies within its group can be saved due to insufficient working capital to sustain daily trading operations.

The administrators have said that they will instead strive to achieve objective ‘b’ of the Insolvency Act 1986. This involves ensuring that the company’s creditors receive a better outcome than they would if the company were to be wound up without first being in administration.

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