{"id":876521,"date":"2025-10-09T23:12:56","date_gmt":"2025-10-10T04:12:56","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/10\/09\/supply-chain-given-hope-in-latest-inland-homes-update\/"},"modified":"2025-10-09T23:12:56","modified_gmt":"2025-10-10T04:12:56","slug":"supply-chain-given-hope-in-latest-inland-homes-update","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/10\/09\/supply-chain-given-hope-in-latest-inland-homes-update\/","title":{"rendered":"Supply chain given hope in latest Inland Homes update"},"content":{"rendered":"
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\"inland-homes.jpg\"<\/p>\n

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Supply chain partners to collapsed housebuilder Inland Homes have been given renewed hope they will ultimately receive some funds.<\/p>\n

In their latest update, administrators from FRP Advisory said it was now \u201clikely that there will be sufficient funds available to enable a dividend to unsecured creditors\u201d.<\/p>\n

In May, FRP warned no funds would be available for unsecured creditors<\/a>.<\/p>\n

Supply chain partners, all of which are unsecured creditors, have so far made claims of \u00a338.6m.<\/p>\n

The renewed optimism comes after FRP found that a related firm \u2013 Inland Homes 2013 Ltd \u2013 owed Inland Homes Plc around \u00a3113m when they both went into administration.<\/p>\n

\u201cWhile there have been no funds received to date, based on the wider group realisations, realisations [to unsecured creditors] are anticipated but the timing and quantum is not yet known,\u201d they said.<\/p>\n

Inland Homes Plc had been due to go into dissolution as there was no prospect of the unsecured creditors receiving funds. However, FRP has revised its approach and Inland Homes has now entered a company voluntary liquidation to \u201cenable a distribution to unsecured creditors\u201d.<\/p>\n

Inland Homes\u2019 creditors approved the change last month.<\/p>\n

It is also unclear whether a \u00a32.3m claim by HMRC has any relevance to the administration process for Inland Homes Plc, FRP said.<\/p>\n

Though the claim is in, HMRC \u201chas not submitted a breakdown\u201d, so the money could also be owed by six other firms in Inland Homes Plc\u2019s VAT Group, FRP said.<\/p>\n

Those are: Chapel Riverside Developments Ltd, Inland (STB) Ltd, Inland Homes (Essex) Ltd, Inland Homes 2013 Ltd, Inland Ltd, and Wilton Park Developments Ltd. Those firms are all in administration too.<\/p>\n

FRP said there \u201care sufficient funds available to repay\u201d HMRC, if any of the claim relates to Inland Homes Plc.<\/p>\n

HMRC is a secondary preferential creditor for around \u00a32.2m of its claim, meaning it would be prioritised above the unsecured creditors. The rest of HMRC\u2019s claim will be as an unsecured creditor.<\/p>\n

AIM-listed Inland Homes called in administrators in October 2023, after\u00a0uncertainty related to regulatory compliance<\/a>\u00a0meant it could not publish audited accounts for the past two financial years.<\/p>\n

Construction subsequently stopped<\/a> on a \u00a390m Patchworks high-rise scheme in Walthamstow. Work had started there in June 2021, and two of the six blocks were completed in mid-2023. Housebuilder Vistry restarted the scheme in January this year.<\/p>\n

Inland Homes\u2019 most recent accounts, covering the year ending 30 September 2021, showed turnover of \u00a3181.7m with a pre-tax profit of \u00a313.2m, delivering a margin of 7.3 per cent.<\/p>\n

The firm employed a monthly average of 143 staff during the year.<\/p>\n<\/div>\n<\/div>\n

Read More<\/a>
\n Joshua Stein<\/p>\n","protected":false},"excerpt":{"rendered":"

Supply chain partners to collapsed housebuilder Inland Homes have been given renewed hope they will ultimately receive some funds. In their latest update, administrators from FRP Advisory said it was now \u201clikely that there will be sufficient funds available to enable a dividend to unsecured creditors\u201d. In May, FRP warned no funds would be available<\/p>\n","protected":false},"author":1,"featured_media":876522,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25237,4247],"tags":[],"class_list":{"0":"post-876521","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-chain","8":"category-supply"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/876521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=876521"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/876521\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/876522"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=876521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=876521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=876521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}