Ashley House said it would report a loss for 14 months through June this year as profits from the three Morgan Ashley extra care schemes would not be included in its final results due to delays in the final legal processes.

The related profit from these schemes would fall into the year to 30th June 2020, the company said.

The company, however, had managed to agree on the first of the three extra care schemes, and awaited signature from the parties.

For the further two schemes (one transaction) the complex legal documentation was 'almost agreed and the schemes are expected to reach financial close in the near future,' the company added.

'Together, the Directors believe that these schemes will provide a strong start to the year to 30th June 2020.'

At 9:14am: (LON:ASH) Ashley House PLC share price was -0.13p at 8.13p