Ashley House PLC (AIM:ASH) acquired an additional 24% stake in F1 Modular Limited for £0.46 million on March 14, 2017. As a part of consideration, Ashley House will pay £0.25 million, of which £0.24 million is payable only when the enlarged F1 Modular is profitable and a loan of £0.21 million from Ashley House has been repaid. Acquisition funding is from Ashley House's own cash flow and will be supplemented in due course by debt to fund working capital on contracts and on plant and equipment. Adrian Hadden and Nick Prowting of WH Ireland Limited acted as the financial advisor for Ashley House. Ashley House PLC (AIM:ASH) completed the acquisition of an additional 24% stake in F1 Modular Limited on March 14, 2017.