Unsecured creditors hit by the collapse of Inland Homes will not get anything for the £38m of unpaid invoices they were left holding when the house builder went under..
The grim news for subcontractors and suppliers was confirmed in an update filed at Companies House by administrators from FRP Advisory.
Inland Homes went into administration in October 2023 after the AIM-listed business had its shares suspended amid mounting losses and delayed accounts.
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The FRP report said that unsecured creditors had so far lodged claims worth £38.6m but “it is estimated that there will be insufficient funds available to make a distribution” to them.
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