30th Aug 2023 11:43
Inland Homes PLC - Southern England-focused brownfield developer, housebuilder and partnership housing company - Notes possible breach of loan covenant with Inland ZDP PLC, its wholly-owned subsidiary. Inland ZDP also notes this. Inland Homes says it is considering possible provisions to be made against certain asset values in its accounts with its auditors. Says the mounts of any such provisions, which have not yet been determined, "appear likely to trigger a breach" in the loan covenant between both parties. Inland ZDP says a further announcement will be made "as soon as the asset values (net of any relevant provisions) have been determined". Read More
