After months chasing down debts and sifting through Inland Homes’ records and accounts, insolvency specialists FRP Advisory recently confirmed Inland Homes is being moved out of administration and into Creditors’ Voluntary Liquidation (CVL).
FRP Advisory also said Inland Homes is still owed £113 million from an “intercompany debtor” and, while the sum remains outstanding, they expect to recoup an amount “higher than previously anticipated”, meaning there will likely be a distribution of profits to shareholders.
“Due to the estimated realisations being higher than previously anticipated, it is now likely that there will be a distribution to unsecured creditors,” an…