Troubled housebuilder completes second fundraising as it hires forensic accountants

By Carl Brown2023-04-14T09:39:00

FRP Advisory to carry out independent review into ‘related party issues’ that have delayed publication of accounts

Inland Homes has raised an extra £2.5m to meet its working capital needs and drafted in a forensic accountancy firm to probe the “related party issues” that have prevented it from filing its accounts on time.

The troubled housebuilder, whose shares have been suspended as a result of not filing its accounts on time, announced the completion of the latest fundraising this morning, with the funding used to meet its “working capital requirements”.

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