Ashley House PLC (LON:ASH) has agreed with a debtor to receive a part of the £1mln it is due in receivables.

The health and social care property developer said it continues to “urgently pursue legal remedies to recover long overdue receivables”.

READ: Ashley House suspends its listings and calls in the administrators for its F1 Modular subsidiary

The AIM-listed firm said it is seeking support from its bankers under the Coronavirus Business Interruption Loan Scheme, while two non-executive directors have agreed to step down to save cash.

Ashley House has also appointed two partners from RSM Restructuring Advisory as administrators for its 76%-owned subsidiary F1 Modular Limited.