McInerney Homes' shares have been suspended.
The house builder, which constructs homes in the Republic of Ireland and the UK, issued a statement to the London Stock Exchange, saying the Financial Services Authority had temporarily suspended its shares at the request of McInerney “pending clarification of the company's financial position�.
It is thought that McInerney is restructuring its debt ahead of receiving new investment.
US private equity firm Oaktree Capital wants to inject £33m into the house builder, according to the Financial Times.
McInerney has been struggling under a £194m debt mountain since the UK and Irish housing markets crashed in 2008.
Sign up to our or subscribe to our for regular updates on the latest , , , and .