AssetCo wins London Reserve F

RNS Number : 5239V

AssetCo PLC

13 July 2009

 



Press Release: 13/07/09

AssetCo plc

AssetCo wins the UK's First Reserve Fire Crew Contract

AssetCo plc (AIM:ASTO), the integrated support services provider, is pleased to announce that, following a competitive tendering process, it has been awarded a 5-year contract by London Fire and Emergency Planning Authority (LFEPA) for the provision of an Emergency Fire Crew Capability Service to the London Fire Brigade (LFB) of up to 700 staff trained to provide a contingency firefighting service. 

The award of this contract will assist LFEPA in meeting its statutory duty to provide crew resilience if existing services require support with extreme situations such as a pandemic illness or flooding.  This is the first major contract of its nature to be awarded by a UK Fire and Rescue Service, reflecting the increasing role Fire and Rescue Authorities have in securing their own business continuity arrangements without reliance upon the support of the MoD.

AssetCo already owns, maintains and manages the operational availability of all the front-line fire and rescue vehicles and operational equipment used at the 111 LFB stations operating in and around London under a 20-year PFI contract.

Commenting today John Shannon, Chief Executive of AssetCo said:

'We are delighted that we have been awarded this contract, which reflects our depth of understanding of the challenges facing the UK Fire and Rescue Service. Winning the contract underlines our ability to successfully compete with the largest companies in the business process-outsourcing field.

Our strategy has been to prioritise our efforts on those essential support services accountable for the highest proportion of our client's cost base, and this contract, which takes our relationship with LFB into new areas, clearly demonstrates that our Integrated Support Services offering leaves us well placed to compete for other similar tenders.'

Enquiries: 

AssetCo plc                                                        [phone]   

John Shannon, Chief Executive Officer

James Collins, Investor Relations    

London Fire Brigade                                        [phone] ext 30751

James Flynn
 

Arden Partners plc                                            [phone]

Richard Day

Adrian Trimmings

Pelham                                                                [phone]     

Alex Walters   

Francesca Tuckett

 

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