Inland Homes plc (AIM:INL) heads of terms to acquire Northcountry Homes Group Ltd. from Jolyon Harrison, G W Padley Holdings Limited and G W Padley Property 2 Limited for £4 million on July 24, 2023. Inland Homes will issue 40 million new ordinary shares in Inland Homes. Jolyon Harrison, founder and Chairman of NorthCountry Homes, will join as Chief Executive Officer of Inland Homes.

Richard Padley, Commercial Director of G W Padley Holdings Limited, will join Inland Homes board as Non-executive Director following completion of regulatory director due diligence. The acquisition is subject to legal and financial due diligence, agreement of a formal sale agreement, the obtaining of any required shareholder and regulatory approvals, restoration to trading on AIM of Inland Homes' existing shares and the admission to trading of the new ordinary shares to be issued for the acquisition. Dominic Morley, Tom Scrivens and James Sinclair-Ford of Panmure Gordon & Co Limited acted as financial advisor to Inland Homes.