Inland Homes breaches loan covenant

Cash-strapped house builder and brownfield developer Inland Homes has breached a loan covenant with banker HSBC.
In a stock exchange announcement the firm confirmed: “Inland Homes has advised HSBC that  it considers that its subsidiary Inland Homes Developments Ltd is in breach of certain historic and forward looking covenants in relation to a debt facility of £13.6m provided to that company. 
“The facility is guaranteed by Inland Homes plc. “The total amou