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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'
In 2006, AssetCo Lincoln and fire bosses signed a 20-year contract and then announced the acquisition of 35 new engines and 22 refurbished ones.
Early applications for pre-action disclosure: Assetco Plc v Grant Thornton UK LLP
The Commercial Court has recently clarified the correct approach for a court upon assessing this first limb of the test as to whether to order PAD, in the (as yet) unreported case of Assetco Plc v Grant Thornton UK LLP (unreported, January 25, 2013 ...
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.
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.
Bob Diamond backs Grassroot Soccer
Fast forward two years to August 2014: the FRC announces an investigation into Grant Thornton's audit of AssetCo, a support services business.
The week ahead: Royal Mail, Marks and Spencer, Thomas Cook
Investec suspects Tuesday's inflation number will garner the most attention - it forecasts the first official negative inflation print since comparable records began in 1989.
Barclays sues over audit of hotel chain Von Essen
Grant Thornton is also under investigation by the Financial Reporting Council for its audits of AssetCo, the fire engine firm that appointed administrators in 2011.