October 4, 2022
Inland Homes, a prominent house builder in the UK, has recently announced its decision to proceed with appointing administrators to the company. Consequently, the trading of its shares is expected to be cancelled next week. Unfortunately, this development has transpired due to the inability of the company to publish its fiscal 2022 accounts in a timely manner.
The shares of Inland Homes have been suspended since April 3 as they failed to report their results for the year ending on September 30 before the March 31 deadline. Given this further six-month delay, it remains essential for trading to be cancelled by October 4 in compliance with the rules set by the London Stock Exchange.
Inland Homes stated, “Notices of intention to appoint David Hudson and Phil Armstrong of FRP Advisory Trading Ltd as administrators have today been filed in respect of certain Inland group companies over which there are registered floating charges.” The formal appointment of administrators is expected to take place imminently.
