Source - SMW
Gresham House, the specialist asset manager,  has confirmed the early receipt of £0.94 million of deferred proceeds from the sale of the Newton-le-Willows site announced on 23 September 2015.

The purchaser has sold properties at the Newton-le-Willows site quicker than anticipated, triggering the early payment. 

The first scheduled repayment of £2.08 million due to the Company on 22 March 2017, will reduce to £1.14 million.

The Kleinwort Benson Bank Limited banking facility is secured against the deferred proceeds of the sale of Newton-le-Willows and in line with this agreement, £0.94 million has been repaid to Kleinwort Benson. The company's borrowing under the facility now stands at £6.06 million. 

At 4:29pm: (LON:GHE) Gresham House Plc share price was 0p at 315p