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ASTO 285.38 -7.12 (-2.44%)
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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.
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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.
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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 ...
Fire engine firm AssetCo restates 2010 results
(Reuters) - 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.
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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.
Fire engine supplier AssetCo settles with the taxman
Mr Shannon resigned as chief executive after initially opposing a �26m cash call put to Assetco's shareholders last week.
AssetCo funding woes puncture takeover talks
AssetCo has a 20-year PFI contract to own, maintain, and manage all of the London Fire Brigade's front line vehicles and equipment.
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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.
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.
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.
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