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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 ...
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.
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.
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 ...
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.
Grant Thornton investigated over Globo collapse
Two partners at the firm were also fined. The FRC has two further active investigations into the accountant, relating to audit issues at Nichols and AssetCo. So, a busy Christmas period for Grant Thornton then, but not for the reasons it would have hoped.
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.