11th Dec 2020 15:20
Ashley House PLC - health and social care property investor - No longer in discussions for potential merger with Piper Homes PLC which were first announced at the end of July. As a result of this, the company voluntary arrangement will automatically fail.
Ashley House will file a notice of intention to appoint administrators, and appoint Begbies Traynor Central LLP as administrator.
"The company is hugely disappointed with the failure of the CVA and the pending administration and would like to thank everyone who has worked with it over the last 29 years to develop the hundreds of GP surgeries, health facilities and affordable extra care homes which benefit hundreds of thousands of people now and into the future," the group stated.
Current stock price: 1.20 pence, suspended
Year-to-date change: down 52%
By Dayo Laniyan; [email protected]
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