# Inland Homes (Essex) Limited (07893390)

> Why UK company 07893390 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07893390

- **Status:** Administration ended
- **Administration began:** 2023-10-05
- **Administrators' firm:** FRP Advisory
- **Incorporated:** 2011-12-29
- **Location:** London
- **Industry:** 68100 Buying and selling of own real estate

## Why it went into administration

- Parent or group failure
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Property / lease costs
- Rising interest rates
- Loss of key people

## From the administrators' statement

Incorporated in June 2005, PLC was an AIM-listed specialist housebuilder and brownfield developer, dedicated to achieving excellence in sustainability and design.

Via the incorporation of special purpose vehicle subsidiaries of PLC, the Group acquired brownfield land in the South and South East of England principally for residentially led development schemes. The land value was then enhanced by obtaining planning permission, before building open market and affordable homes or selling surplus consented land to other developers to generate cash.

IL employed a total of 100 employees prior to the Administrators’ appointment, occupying a combination of full and part time roles. The employees were based at either the Group’s head office in Beaconsfield or at one of the various site offices located at the development sites.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07893390/filing-history/MzQwMTk5OTI4OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07893390

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.