Shock profit warning sees Inland Homes founder step down

By Joey Gardiner2022-09-06T10:52:00

Stephen Wicks to retire as developer heads for £37m loss caused by problem jobs 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 along with cost inflation, adding it had appointed advisors Lazard & Co. to conduct a “strategic review” of the business.

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