The story
Probably associated with Ashby-de-la-Zouch, just to the east. "Woulds" may be a variant of wolds.
Etymology from Wiktionary, CC BY-SA 4.0.
Ashby Woulds
Today it means: A civil parish with a town council in North West Leicestershire district, Leicestershire, England, with its main settlement in Moira. Full definition →