AssetCo wins London Reserve Fire Crew Contract


 

TIDMASTO 
 
RNS Number : 5239V 
AssetCo PLC 
13 July 2009 
 

 
 
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| Press Release: 13/07/09                                                     | 
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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                          +44 (0) 20 8515 3999 
John Shannon, Chief Executive Officer 
James Collins, Investor Relations 
 
 
London Fire Brigade  +44 (0)20 8555 1200 ext 30751 
James Flynn 
 
Arden Partners plc                 +44 (0)20 7398 1632 
Richard Day 
Adrian Trimmings 
 
Pelham                                      +44 (0) 20 7337 1500 
Alex Walters 
Francesca Tuckett 
 
 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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