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Administration · 5 October 2023

Inland (STB)

Developer · Beaconsfield · South East England · Part of Inland

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What happened

INLAND (STB) LIMITED (company number 09774981), incorporated in 2015, 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  • Funding withdrawn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.

Previously known as: POOLE QUAY DEVELOPMENTS LIMITED.

Timeline

The last accounts and payment report before the failure, then what happened, with the time between each.

  1. 30 September 2021

    Last accounts filed were made up to this date

    2 years later

  2. 5 October 2023

    Administration started

AccountsPayment reportInsolvency

Before it failed

Key figures

Loss before tax, year to Sept 2021
£2.0m
Accounts at Companies House
Net liabilities, year to Sept 2021
£9.8m
Accounts at Companies House

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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In the news

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