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AssetCo sells UK fire engine fleet to equity firm for �2
Since last September, shares in AssetCo have gone from 1.61p a share, to 250p a share. Yesterday, shares in the fire-truck leasing company closed up 9.7pc at 271.5p on the back of its announcement.
Lincolnshire fire service AssetCo contract 'ended'
But the parent company AssetCo Plc has struggled with financial problems and in September last year needed to raise �14m in a refinancing deal together with agreeing a write down of debt with banks.
FRC to probe Grant Thornton's AssetCo audit work
THE FRC is to probe Grant Thornton's audit of AssetCo's accounts for the three years to 2010. The investigation comes as the Grant Thornton faces a �50.8m legal claim from the AIM-listed company, which previously provided and maintained London and ...
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Fire engine firm AssetCo restates 2010 results
AssetCo Plc, the owner of London's fire engines, said it had restated its accounts for 2010 after the company discovered "significant" overstatement of profits and assets.
Where did it all go wrong, asks firm's axed workforce
UV Modular, a subsidiary of AssetCo plc, an integrated support services business based in Middlesex, was created in 2002 from the ashes of UVG which had gone into administration.
Lincolnshire fire service faces �9m bill for leased engines
The council said it cannot go into details why it ended the contract for legal reasons, however parent company AssetCo Plc has struggled with financial problems.
Questions asked about fire engine sell-off
The fleet was owned by another firm Assetco which has been in financial difficulties for some time. Last week, it announced that it had sold the fleet to another company AB and A Investments.
KPMG faces new probe over Ted Baker consulting
Top auditor KPMG is facing another investigation from the financial watchdog, this time over its work for fashion brand Ted Baker.
UAE awards $1.1 bln in defense contracts
Another deal worth AED853.6 million was awarded to Emirates Response Service and Britain's Assetco Plc to provide fire fighting services, human resources, equipment and maintenance.
Grant Thornton instructs Clydes on �38m negligence row
Accountancy giant Grant Thornton has instructed Clyde & Co to defend a �38m auditor's negligence claim brought by fire rescue equipment business AssetCo. The claimant alleges Grant Thornton breached its duties and was negligent in its planning and ...