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ASTO 375.00 -12.50 (-3.23%)
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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.
AssetCo sells UK fire engine fleet to equity firm for �2
“The board and senior management are now able to focus on creating shareholder value through the company's restructured business model, positioning AssetCo as a provider of outsourced fire and rescue operations,” the firm said. “Currently AssetCo ...
Did AssetCo plc (AIM:ASTO) Create Value For Shareholders Over The Past One Year?
AssetCo plc's (AIM:ASTO) ROE of 22.4% over the past year, compared to its industry's 37.38%, indicates that investors would have been better off choosing the broader industry in terms of returns generated on their committed capital.
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.
Should You Expect AssetCo plc (AIM:ASTO) To Deliver A Superior ROE To Its ...
AssetCo plc (AIM:ASTO) delivered 22.4% ROE over the past year, compared to 37.38% generated by its industry. While an inferior ROE points towards a relatively inefficient performance, knowing the nuts and bolts of ROE calculation may change that ...
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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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.
AssetCo Makes Progress On Contract Extension In Abu Dhabi
LONDON (Alliance News) - AssetCo PLC on Friday said it has made further progress on a one-year extension of its principal contract in Abu Dhabi.
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.