Administration · 5 October 2023
Inland Partnerships
Housebuilder · Beaconsfield · South East England · Part of Inland
What happened
INLAND PARTNERSHIPS LIMITED (company number 10742290), incorporated in 2017, entered administration on 5 October 2023. Its status at Companies House is now: administration.
Why it failed
Higher interest rates and living costs weakened the market for land and homes; project overspends, loan covenant breaches, related-party issues and falling cash then forced the group into administration.
- Main reason: Market downturn
- Losses on contracts
- Funding withdrawn
- Cash flow
- Accounting irregularities
Our summary of the reasons given in the administrators' proposals. These record the administrators' and directors' account of what happened.
An administrator, a licensed insolvency practitioner, takes control of the company to try to rescue it, sell the business or get a better result for creditors than a liquidation.
Timeline
The last accounts and payment report before the failure, then what happened, with the time between each.
30 September 2021
Last accounts filed were made up to this date
2 years later
5 October 2023
Administration started
AccountsPayment reportInsolvency
Before it failed
Key figures
- Owed to unsecured creditors (estimated), as at 5 October 2023
- £9.3m
- HMRC owed £328k. Expected return to unsecured creditors: uncertain, any payment small
- Administrators' proposals
The last accounts filed were full accounts made up to 30 September 2021, 24 months before it went into administration. Private companies have nine months after their year end to file, so a gap of more than 21 months usually means the next accounts were overdue, one of the warning signs worth checking for.
The full filing history, including any late filings, charges and director changes, is on Companies House.
Lessons learned report
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