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 |
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 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]
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]
Sunbelt Rentals, formerly known as A-Plant, is present in over 185 locations throughout the United Kingdom, and has the following divisions: [11]