Inland ceo to retire following difficult year

Sept. 7, 2022
<p><span class="cb"><span>Stephen Wicks, Inland Homes’ ceo, is to retire from the business, with the company also expected to make a pre-tax loss for the year ending September 2022 due to “unforeseen planning delays” and contract challenges.</span></span></p> <p><span>Wicks, founder of the housebuilder, partnership housing developer and regeneration specialist, will step down from the board on September 30 2022, although he will “remain available to the business in an advisory capacity” for 12 months.</span></p> <p><span>Nish Malde, Inland’s chief financial officer, will act as interim ceo while retaining his current role as the business searches for a new boss.</span></p> <p><span class="cb"><span>Inland also gave a trading update, reporting an expected pre-tax loss of around </span></span><span class="bd"><span>£37.1 million and an operating loss of £29.3 million for the year ending 30 September 2022. Two major schemes under its land and asset management segments have experienced unexpected planning delays, “and therefore the expected timing of these land disposals has also now been revised”. It noted that delays in receipt of planning consents “will inevitably delay the legal completion from the original planned date.”</span></span></p><p>The firm also said planned land sales still to complete had been anticipated to contribute more than £75 million of recognised revenue and “significant profitability …

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