Ashtead Group Public Limited Company is a British industrial equipment rental company based in London, England. It is listed on the London Stock Exchange as a constituent of the FTSE 100 Index.[4]
 | |
 Ashtead's base at King's House in London | |
| Formerly | Needroy Limited (1984–1986)[1] |
|---|---|
| Company type | Public limited company |
| LSE: AHT FTSE 100 Component | |
| ISIN | GB0000536739 |
| Industry | Plant hire |
| Founded | 1947 |
| Headquarters | London, England, UK |
Key people |
|
| Revenue |  £9,667.3 million (2023)[2] |
| £2,639.7 million (2023)[2] | |
| £1,617.7 million (2023)[2] | |
Number of employees | 20,032 (2024)[3] |
| Website | ashtead-group |
History
editAshtead was founded in 1947, in the village of Ashtead, Surrey, as Ashtead Plant and Tool Hire.[5] In 1986, it was first listed on the London Stock Exchange.[5]
In September 2018, Ashtead appointed Paul Walker as non-executive chairman of its board.[6][7]
In November 2018, it was announced that Geoff Drabble would retire as CEO after twelve years on 1 May 2019, and would be succeeded by Brendan Horgan, the Group Chief Operations Officer and chief executive of Sunbelt Rentals, Ashtead's North American business.[8]
In June 2022, Sunbelt Rentals, Ashtead's main operating subsidiary, was announced as an investor in lithium-ion battery developer Britishvolt.[9] After Britishvolt went into administration in January 2023, Ashtead later revealed it took a £35m hit from its collapse.[10]
Operations
editThe company operates internationally, servicing customers in Canada, the United States and the United Kingdom.[11] Approximately 85% of its revenue is generated in the United States through the subsidiary Sunbelt Rentals, currently present in over 1,000 locations across the United States and Canada.[11]
The company's non-executive directors are Paul Walker, Angus Cockburn, Jill Easterbrook, Tanya Fratto, Reneta Ribeiro, Lucinda Riches and Lindsley Ruth.[7]
British operations
editSunbelt Rentals, formerly known as A-Plant, is present in over 185 locations throughout the United Kingdom, and has the following divisions:[11]
- A-Plant, Plant
- A-Plant, Accommodation
- Astra Site Services, Excavator Attachments
- Brightlights
- FLG Services, Lifting and Handling Specialists
- Hoist-It LTD
- GB Access
- Hewden Industrial, equipment hire to the petrochemical industry
- Leada Acrow
- Live Trakway
- Mather+Stuart Power Solutions
- PSS Hire
- Rapid Climate Control
- Tool Hire Express
- A-Plant, Powered Access
- A-Plant Customer Training Solutions
- A-Plant, Rail
- A-Plant, Lux Traffic Systems
- Opti-cal Survey Equipment (Survey Hire Express)
References
edit- ^ "Ashtead Group Public Limited Company overview - Find and update company information - GOV.UK". Companies House. 11 April 1984. Retrieved 13 February 2024.
- ^ a b c "Annual Results 2023" (PDF). Ashtead Group. Retrieved 11 February 2024.
- ^ "At a glance - Ashstead Group". Ashtead Group. Retrieved 11 February 2024.
- ^ "Two Companies To Join FTSE 100 Index". mondovisione.com. Retrieved 16 April 2020.
- ^ a b "Our history". Ashtead Group. Retrieved 15 March 2015.
- ^ "Ashtead appoints Paul Walker as new chairman". Proactiveinvestors UK. 26 June 2018. Retrieved 28 October 2022.
- ^ a b "Leadership - Ashtead Group". www.ashtead-group.com. Retrieved 28 October 2022.
- ^ Pollok, Murray (30 November 2018). "Drabble to retire from Ashtead in 2019". KHL. Retrieved 5 October 2019.
- ^ "Britishvolt partners with Sunbelt Rentals to lower carbon footprint of Gigaplant and develop heavy equipment battery solutions (1 June 2022)". Britishvolt. 31 May 2022. Retrieved 12 January 2023.
- ^ Ford, Coreena (10 March 2023). "Britishvolt collapse triggers £35m hit for listed plant hire firm Ashstead". Business Live. Retrieved 13 March 2023.
- ^ a b c "AHT Profile & Executives - Ashtead Group PLC". Bloomberg. Retrieved 15 March 2015.