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Assetco PLC Ord 10P (ASTO)

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14-May-2021 01:45 PM

AssetCo reaches agreement to acquire Saracen Fund Managers

UK-based wealth manager AssetCo is set to acquire the entire issued share capital of the Edinburgh-based fund management business, in a deal worth £2.75 million. The acquisition comes after AssetCo was re-admitted on the AIM on 16 April 2020. Th
10-Jun-2020 02:37 PM

AssetCo posts first-half loss; may return cash to shareholders

AssetCo, a fire emergency services provider in the Middle East, posted a first-half loss after its efforts to find new revenues were hampered by the Covid-19 crisis. The company said it was considering returning some of its cash balances to shareholders.
27-Jun-2018 08:36 AM

Assetco profits more than halve as currency headwinds weigh

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 t
13-Jun-2017 09:16 AM

AssetCo revenues rise

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 increa
28-Mar-2017 08:12 AM

AssetCo profits up

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 bef
30-Dec-2016 07:17 AM

AssetCo sees progress on contract extension

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
17-Nov-2016 09:22 AM

AssetCo updates on Abu Dhabi contract

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 Novembe
24-Jun-2016 07:57 AM

AssetCo executive director dies

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 diffi
14-Jun-2016 08:06 AM

AssetCo operating profits rise

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
24-Mar-2016 10:45 AM

AssetCo books profit, trading in line

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
26-Mar-2015 08:16 AM

AssetCo operating profits rise

AssetCo posts an operating profit of £2.6m for the year to the end of September - up from £1.7m last time. Revenues fell to £14.6m (2013: £17.6m) but pre-tax profits rose to £2.3m (2013: £1.3m). AssetCo said the main factors behind the fall
22-Jul-2014 10:52 AM

AssetCo signs new contract with Abu Dhabi Government

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 r
30-Jun-2014 09:12 AM

AssetCo operating profits up

AssetCo reports a considerable improvement in operating profit from £0.3m in the first half of 2013 to £1.1m in the six months to the end of March this year. Revenue in the period was lower at £7.0m compared to £8.6m in 2013 reflecting a combinati
28-Mar-2014 08:38 AM

AssetCo operating profits fall

AssetCo posts operating profits of £1.7m for the year to the end of September - down from £3.4m last time - on revenue of £17.6m (2012: £15.9m). Profit before tax fell to £1.3m - down from £2.9m. The company said the reduction in operating pr
17-Dec-2013 12:21 PM

AssectCo director dies at the age of 45

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
27-Jun-2013 08:04 AM

AssetCo operating profits fall

AssetCo posts operating profits of £0.3m for the six months to the end of March - down from £1.0m last time - on revenue of £8.6m (2012: £18.2m). The group made an after-tax profit of £0.04m (2012: £5.2m). AssetCo said the reduction in revenue
20-Dec-2012 08:46 AM

AssetCo bounces into the black

AssetCo bounced into the black with profits of £85.4m for the year to the end of September compared with a loss of £22.2m for the 18 months to September 2011. The result comprises a profit of £2.9m on revenue of £15.9m from the continuing operations
24-Oct-2012 09:15 AM

AssetCo confirms board changes

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 Re
16-Apr-2012 03:01 PM

Assetco takes legal advice after Lincoln council terminates contract

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 £4.4m of the Company's t
10-Apr-2012 08:48 AM

AssetCo operating losses narrow

Total operating losses at AssetCo fell to £24.5m in the 18 months to the end of September - down from £131.6m in the year to the end of March 2010. And the company posts a pre-tax profit of £82.3m compared with a loss of £131.5m last time. Chairman
26-Sep-2011 02:43 PM

AssetCo capital reorganisation approved

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 ne
13-Jun-2011 07:53 AM

AssetCo confirms that takeover talks

AssetCo has confirmed that it is in discussions with a number of parties which may or may not lead to an offer being made for the business. AssetCo says it must be emphasised that while discussions are at a developed stage, due diligence is not complete
18-May-2011 12:29 PM

AssetCo FD resigns amid financing discussions

AssetCo has announced the departure of Scott Brown, Finance Director of the company, who resigned with effect from yesterday. Mr Brown's immediate duties and the finance structure is being managed day-to-day by a senior interim manager, who is repor
12-May-2011 10:15 AM

John Shannon dismissed by Asset Co.

Asset Co. says that it has effected the resignation of John Shannon as a director of all group companies as a result of his conduct. Mr Shannon has also been summarily dismissed as an employee of the company. Tudor Davies has been appointed interim exec
04-May-2011 08:29 AM

AssetCo winding-up petition lifted

The winding-up petition against fire engine company AssetCo has been lifted. On 29 March, the company announced that another creditor had been substituted on to the winding-up petition, and that the new management team was determined to ensure full proce

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