Inland Homes warns of possible loan covenant breach

Cash-strapped house builder and brownfield developer Inland Homes has warned that it is possible the firm will breach a loan convenant.
The south east developer is considering possible provisions to be made against certain asset values in its accounts with its auditors.
This follows a tightening up of its corporate procedures after an independent report by accountant FRP Advisory discovered “significant and repeated failures’ in previous board level corporate governance.
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