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AssetCo
ASTO: 310.00 0.00 ( 0.00 %) delayed: 07:57AM


  • AssetCo former auditor Grant Thornton granted permission to appeal January ruling
    Friday 31 May 2019 14:12

    Fire services resources supplier AssetCo said former auditor Grant Thornton had been granted permission to appeal against a judgement handed down in January. A date for the appeal would be fixed in the coming weeks but was unlikely to be before October 2019 at the earliest, AssetCo said. At...
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  • AssetCo profit falls 36% amid legal action against former auditor
    Monday 18 Mar 2019 13:47

    Middle East fire and emergency services support group AssetCo booked a 36% fall in annual profit, which it pinned on a professional negligence claim against former auditors Grant Thornton. Pre-tax profit for the year through September fell to £1.4m, as revenue fell 8.0% to £22.9m. Profitability...
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  • AssetCo warns of client loss in Abu Dhabi
    Tuesday 16 Oct 2018 13:32

    Fire and rescue services group AssetCo said it had been informed by a client in Abu Dhabi that it would no longer require its services. The country's Presidential Special Guard had served three months' notice to the company amid an intention to transfer fire fighting services to a provider...
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  • Assetco profits more than halve as currency headwinds weigh
    Wednesday 27 Jun 2018 08:36

    Middle East fire and emergency services provider Assetco said Wednesday operating profit more halved in the six months through March, from the same period a year earlier, as adverse FX movements and reduced training and logistics revenues weighed. For the six month period ended 31 March 2018,...
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  • AssetCo revenues rise
    Tuesday 13 Jun 2017 09:16

    AssetCo's revenues rose to £13.3m in the six months to the end of March - up from £11.0m - but operating profits fell to £1.7m from £2.1m and pre-tax profits of £1.7m were down from £1.9m last time. Revenue increased principally due to the weakness of sterling against the United Arab Emirates...
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  • FLASH: AssetCo revenues rise
    Tuesday 13 Jun 2017 07:13

    Story provided by StockMarketWire.com
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  • AssetCo profits up
    Tuesday 28 Mar 2017 08:12

    AssetCo's operating profits rose to £4.9m in the year to the end of September - up from £4.4m in 2015. Revenues increased to £23.3m from £21.7m and gross profits of £6.7m were up from £6.1m last time. Profits before and after tax rose to £4.6m from £4.0m in 2015. At 8:12am: (LON:ASTO)...
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  • FLASH: AssetCo profits up
    Tuesday 28 Mar 2017 07:05

    Story provided by StockMarketWire.com
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  • AssetCo updates on Abu Dhabi contract
    Tuesday 31 Jan 2017 13:59

    AssetCo has confirmed that it made further progress for a one year extension to the principal contract in Abu Dhabi, which it says is now in an agreed form and with the client for final signature. The Company said that the timetable will depend on the client although it will confirm once the...
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  • AssetCo sees progress on contract extension
    Friday 30 Dec 2016 07:17

    AssetCo says it has made further progress on the continuation and the proposed one-year extension of the principal contract in Abu Dhabi. It says it will update shareholders again by the end of January. Story provided by StockMarketWire.com
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  • FLASH: AssetCo sees progress on contract extension
    Friday 30 Dec 2016 07:04

    Story provided by StockMarketWire.com
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  • AssetCo updates on Abu Dhabi contract
    Thursday 17 Nov 2016 09:22

    AssetCo says the trading and performance on the principal contract in Abu Dhabi, which has been supplied by the company since March 2010, continues to perform in line with management's expectations. The contract is due for renewal today (17 November) and AssetCo is in the final stages of...
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  • FLASH: AssetCo updates on Abu Dhabi contract
    Thursday 17 Nov 2016 07:11

    Story provided by StockMarketWire.com
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  • AssetCo executive director dies
    Friday 24 Jun 2016 07:57

    AssetCo executive director Jeff Ord died suddenly yesterday. He had been a member of the PLC board since April 2012. He was 67. A statement said: "On behalf of all stakeholders we extend to his family and friends deepest sympathy at this very difficult time." He joined the AssetCo team in 2007...
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  • FLASH: AssetCo executive director dies
    Friday 24 Jun 2016 07:08

    Story provided by StockMarketWire.com
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  • AssetCo operating profits rise
    Tuesday 14 Jun 2016 08:06

    AssetCo reports an operating profit of £2.1m for the six months to the end of March (2015: £1.8m) on revenue of £11.0m (2015: £10.4m) and a profit before tax of £1.9m (2015: £1.5m). The group says the improvement in profitability has resulted from the increase in the number of fire service...
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  • FLASH: AssetCo operating profits rise
    Tuesday 14 Jun 2016 07:13

    Story provided by StockMarketWire.com
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  • AssetCo resolutions passed at AGM
    Tuesday 17 May 2016 13:21

    AssetCo has confirmed that all resolutions proposed at the annual general meeting today were passed. At 1:21pm: (LON:ASTO) AssetCo PLC share price was 0p at 322.5p Story provided by StockMarketWire.com
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  • AssetCo books profit, trading in line
    Thursday 24 Mar 2016 10:45

    AssetCo has booked a FY pretax profit of GBP4.01m, from GBP2.25m a year earlier. Revenue improved markedly to GBP21.7m, from GBP14.6m. "Trading continues to be in line with the current contracts and Management expectations; we will keep shareholders updated of further progress on trading and the...
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  • AssetCo sues over negligent audits
    Wednesday 16 Dec 2015 14:05

    AssetCo is suing former auditor Grant Thornton over 'negligent audits for the years ended 30 September 2009 and 2010'. AssetCo says losses for these periods amount to ã38.0m plus interest and costs to date of ã4.3m, making a current total of ã42.3m. The company originally lodged a claim...
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  • Improved profits at AssetCo
    Friday 19 Jun 2015 12:58

    For the six months ended 31 March 2015 AssetCo showed an operating profit of ã1.76m (2014: ã1.14m) on revenue of ã10.4m (2014: ã7.0m). The profit for the period was ã1.5m (2014: ã1.0m). The improvement in profitability reflects the the increase in the size of its contracts in the Middle...
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  • AssetCo schedules AGM
    Thursday 30 Apr 2015 10:28

    AssetCo has confirmed that the Annual General Meeting of the Company will be held at 11.00am on 20 May 2015 at Harwood Capital, 6 Stratton Street, London, W1J 8LD. At 10:28am: (LON:ASTO) AssetCo PLC share price was 0p at 290p Story provided by StockMarketWire.com
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  • AssetCo operating profits rise
    Thursday 26 Mar 2015 08:16

    AssetCo posts an operating profit of ã2.6m for the year to the end of September - up from ã1.7m last time. Revenues fell to ã14.6m (2013: ã17.6m) but pre-tax profits rose to ã2.3m (2013: ã1.3m). AssetCo said the main factors behind the fall in revenues relate to the completion of...
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  • FLASH: AssetCo operating profits rise
    Thursday 26 Mar 2015 07:07

    Story provided by StockMarketWire.com
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  • AssetCo signs new contract with Abu Dhabi Government
    Tuesday 22 Jul 2014 10:52

    AssetCo has announced that the ongoing contract for the supply of Fire Services in Abu Dhabi has now been agreed between AssetCo and the Abu Dhabi Government. The newly signed contract (which originally started in March 2011 and then extended) will now run until November 2016, and is expected to...
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  • AssetCo operating profits up
    Monday 30 Jun 2014 09:12

    AssetCo reports a considerable improvement in operating profit from ã0.3m in the first half of 2013 to ã1.1m in the six months to the end of March this year. Revenue in the period was lower at ã7.0m compared to ã8.6m in 2013 reflecting a combination of the absence of a loss making...
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  • FLASH: AssetCo operating profits up
    Monday 30 Jun 2014 07:13

    Story provided by StockMarketWire.com
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  • AssetCo operating profits fall
    Friday 28 Mar 2014 08:38

    AssetCo posts operating profits of ã1.7m for the year to the end of September - down from ã3.4m last time - on revenue of ã17.6m (2012: ã15.9m). Profit before tax fell to ã1.3m - down from ã2.9m. The company said the reduction in operating profit was principally due to: the absence...
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  • FLASH: AssetCo operating profits fall
    Friday 28 Mar 2014 07:19

    Story provided by StockMarketWire.com
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  • AssetCo warrants exercised
    Friday 03 Jan 2014 14:02

    AssetCo has issued 1,210,450 new ordinary shares at 200p apeice following the exercise of warrants. At 2:02pm: (LON:ASTO) AssetCo PLC share price was 0p at 295p Story provided by StockMarketWire.com
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  • AssectCo director dies at the age of 45
    Tuesday 17 Dec 2013 12:21

    AssetCo, providers of management and resources to the fire and emergency services in the Middle East, have announced the death of Gareth White, an executive director. He was 45 and had been on the Board since April last year. Mr White joined the AssetCo team in 2007 and played a key role in the...
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  • AssetCo operating profits fall
    Thursday 27 Jun 2013 08:04

    AssetCo posts operating profits of ã0.3m for the six months to the end of March - down from ã1.0m last time - on revenue of ã8.6m (2012: ã18.2m). The group made an after-tax profit of ã0.04m (2012: ã5.2m). AssetCo said the reduction in revenue reflected the disposal of its UK vehicle...
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  • FLASH: AssetCo revenues fall
    Thursday 27 Jun 2013 07:12

    Story provided by StockMarketWire.com
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  • AssetCo bounces into the black
    Thursday 20 Dec 2012 08:46

    AssetCo bounced into the black with profits of ã85.4m for the year to the end of September compared with a loss of ã22.2m for the 18 months to September 2011. The result comprises a profit of ã2.9m on revenue of ã15.9m from the continuing operations primarily in the Middle East; an income...
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  • FLASH: AssetCo bounces into the black
    Thursday 20 Dec 2012 07:07

    Story provided by StockMarketWire.com
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  • AssetCo confirms board changes
    Wednesday 24 Oct 2012 09:15

    AssetCo has confirmed changes to its board with non-executive director Andrew Freemantle stepping down and Mark Butcher joining as a non-executive director. His previous directorships include Autologic Holdings, Newbury Racecourse, Nationwide Accident Repair Services, and GPG (UK) Holdings,...
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  • AssetCo sells vehicle leasing and maintenance arms
    Wednesday 15 Aug 2012 15:44

    AssetCo has sold its UK vehicle leasing and maintenance businesses to AB & A Investments. AssetCo says the disposal sees the company exit its historic UK vehicle leasing and maintenance contracts which were based on a flawed business and financial structure and has been the principal reason...
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  • FLASH: AssetCo posts operating profits of ã0.50m
    Friday 29 Jun 2012 07:23

    Story provided by StockMarketWire.com
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  • Assetco takes legal advice after Lincoln council terminates contract
    Monday 16 Apr 2012 15:01

    Assetco has taken legal advice after its vehicle and asset maintenance contract with Lincoln County Council was terminated. Assetco said that during the 18-months to the end of September the Lincoln contract accounted for ã4.4m of the Company's total revenue of ã49m. The contract is...
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  • FLASH: Assetco takes legal advice after Lincoln council terminates contract
    Monday 16 Apr 2012 09:14

    At 9:14am: (LON:ASTO) share price was -12.5p at 150p Story provided by StockMarketWire.com
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  • AssetCo resumes trading on AIM
    Thursday 12 Apr 2012 08:57

    AssetCo has resumed trading on AIM after publishing its accounts for the 18 months to the end of September. At 8:57am: (LON:ASTO) share price was +166.75p at 168.5p Story provided by StockMarketWire.com
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  • FLASH: AssetCo to resume trading on AIM
    Thursday 12 Apr 2012 07:27

    Story provided by StockMarketWire.com
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  • AssetCo operating losses narrow
    Tuesday 10 Apr 2012 08:48

    Total operating losses at AssetCo fell to ã24.5m in the 18 months to the end of September - down from ã131.6m in the year to the end of March 2010. And the company posts a pre-tax profit of ã82.3m compared with a loss of ã131.5m last time. Chairman Tudor Davies said the period had been one...
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  • FLASH: AssetCo operating losses narrow
    Tuesday 10 Apr 2012 07:26

    Story provided by StockMarketWire.com
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  • FLASH: AssetCo completes £14m placing
    Friday 30 Sep 2011 07:46

    Story provided by StockMarketWire.com
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  • Court sanctions AssetCo scheme of arrangement
    Wednesday 28 Sep 2011 14:19

    The High Court has sanctioned AssetCo's scheme of arrangement which was approved unanimously by creditors last week. Story provided by StockMarketWire.com
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  • AssetCo capital reorganisation approved
    Monday 26 Sep 2011 14:43

    AssetCo's capital reorganisation and a one-for-1000 share consolidation have been approved by shareholders at a general meeting. The meeting approved the exchange of the subsidiary preference shares in consideration for the issue of 3.75 million new ordinary shares and a placing of 7 million...
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  • Creditors approve AssetCo proposals
    Thursday 22 Sep 2011 12:47

    Creditors at AssetCo have approved proposals put forward by the company. Two creditor meetings held earlier today. The first involved the Scheme Creditors other than Group Company Creditors and the second was with the Group Company Creditors. The Scheme of Arrangement between the company and...
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  • Arcapita will not make an offer for AssetCo
    Thursday 15 Sep 2011 15:42

    Arcapita Bank will not make an offer for AssetCo after failing to reach a deal with existing lenders and preference shareholders. Arcapita said it had invested significant time and resource into assessing an investment in AssetCo but was unable to put an offer to shareholders and had decided to...
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  • AssetCo shares suspended on AIM
    Friday 09 Sep 2011 13:23

    Trading in AssetCo's shares has been suspended temporarily on AIM pending publication of the annual audited accounts. At 1:23pm: (LON:ASTO) share price was +0.03p at 1.75p Story provided by StockMarketWire.com
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