Buckinghamshire's Inland Homes warns of potential loan covenant breach
Buckinghamshire builder Inland Homes has warned that it could breach its loan covenant as it looks to write down the value of some of its assets.
The Beaconsfield-based firm released a statement to the London Stock Exchange this morning that it is considering altering the value of some of its assets which could trigger a breach of the asset cover covenant related to the load with its subsidiary Inland ZDP PLC.
The company said it was considering a course of action which would be confirmed in due course.
The company has yet to publish its 2022 accounts.
In September last year, Inland Homes appointed a specialist to help with a strategic review of its business.
Lazard & Co were tasked with carrying out a root-and-branch review of the brownfield site specialist.
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