Marine safety and leisure company Cosalt plc, which was formerly listed on the London Stock Exchange, collapsed with debts of more than �70m after it was hit by cashflow problems stemming from trading difficulties and an accounting scandal in a ...

Following the acquisition of the Aberdeen and Norway operations of Cosalt Offshore from Cosalt PLC by NBGI Private Equity, the company has announced strong results for the first quarter of 2013 and a new contract with Petrofac.