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Ashtead Group

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Ashtead Group Public Limited Company
FormerlyNeedroy Limited (1984–1986)[1]
Company typePublic limited company
LSE: AHT
FTSE 100 Component
ISINGB0000536739
IndustryPlant hire
Founded1947; 77 years ago (1947)
HeadquartersLondon, England, UK
Key people
RevenueIncrease £9,667.3 million (2023)[2]
Increase £2,639.7 million (2023)[2]
Increase £1,617.7 million (2023)[2]
Number of employees
20,032 (2024)[3]
Websiteashtead-group.com

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]

History

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Ashtead 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

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The 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

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Sunbelt 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

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  1. ^ "Ashtead Group Public Limited Company overview - Find and update company information - GOV.UK". Companies House. 11 April 1984. Retrieved 13 February 2024.
  2. ^ a b c "Annual Results 2023" (PDF). Ashtead Group. Retrieved 11 February 2024.
  3. ^ "At a glance - Ashstead Group". Ashtead Group. Retrieved 11 February 2024.
  4. ^ "Two Companies To Join FTSE 100 Index". mondovisione.com. Retrieved 16 April 2020.
  5. ^ a b "Our history". Ashtead Group. Retrieved 15 March 2015.
  6. ^ "Ashtead appoints Paul Walker as new chairman". Proactiveinvestors UK. 26 June 2018. Retrieved 28 October 2022.
  7. ^ a b "Leadership - Ashtead Group". www.ashtead-group.com. Retrieved 28 October 2022.
  8. ^ Pollok, Murray (30 November 2018). "Drabble to retire from Ashtead in 2019". KHL. Retrieved 5 October 2019.
  9. ^ "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.
  10. ^ Ford, Coreena (10 March 2023). "Britishvolt collapse triggers £35m hit for listed plant hire firm Ashstead". Business Live. Retrieved 13 March 2023.
  11. ^ a b c "AHT Profile & Executives - Ashtead Group PLC". Bloomberg. Retrieved 15 March 2015.
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