Ashley House enjoys good times

Ashley House plc, the health and social care property partner, predicts a small profit at EBITDA level on its half year end which was 31 October. Sir William Wells, non executive chairman made the following statement in relation to current trading: This likely half year result is representative of trading in our core NHS market which continues to be tough. We remain confident that the NHS retains pent up demand for new properties but are being cautious and not expecting full recovery in the short term. We are encouraged by the progress we are making into our selected new markets (much of it from local authorities and housing associations), particularly in extra care housing where we have significant interest in our offer to develop housing that provides sheltered care for people in their own homes as opposed to more expensive institutional or care home settings. We are currently on site with a pathology lab and are working on schemes in our new areas including a care home.’

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