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ASCO runs oil and gas supply bases and provides services such as freight forwarding, marine management, transport and waste management, primarily to offshore oil and gas rigs. Customers include Shell, BP, Talisman, Apache, Nexen and ExxonMobil. Its Aberdeen base reflects its North Sea heritage but it also operates in Norway, America, Canada, Trinidad and the Caspian. In 2006, an external management team, led by Billy Allan and Bill Loch and backed by Phoenix Equity Partners, bought the majority of the group’s activities for £124m from the previous owners. Annualised sales reached £308.8m in 2007.

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Company details
ActivityOil and gas services provider
Sales £m†308.8
Operating profit £m†14.7
Main shareholdersPhoenix Equity Partners, management

If applicable:

* supplied by Company   † annualised figure   ‡  profit = ebitda