Ashtead Group plc
TypePublic limited company
LSEAHT
FTSE 100 Component
ISINGB0000536739
IndustryPlant hire
Founded1947; 74 years ago (1947)
HeadquartersLondon, United Kingdom
Key people
RevenueIncrease £4,606.5 million (2020)[1]
Increase £1,285.3 million (2020)[1]
Decrease £739.7 million (2020)[1]
Number of employees
13,233 (2021)[2]
Websitewww.ashtead-group.com

Ashtead Group plc is a British industrial equipment rental company formerly based in Leatherhead, Surrey, but which has since moved to new offices in the City of London. It is listed on the London Stock Exchange, and is a constituent of the FTSE 100 Index.[3]

History

Ashtead was founded in 1947, in the village of Ashtead, Surrey, as Ashtead Plant and Tool Hire.[4] In 1986, it was first listed on the London Stock Exchange.[4]

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 COO and chief executive of Sunbelt Rentals, Ashtead's North American business.[5]

Operations

The company operates internationally, servicing customers in Canada, the United States and the United Kingdom.[6] Approximately 85% of its revenue is generated in the United States through the subsidiary Sunbelt Rentals, currently present in six hundred locations across the United States and Canada.[6]

British operations

Sunbelt Rentals, formerly known as A-Plant, is present in over 185 locations throughout the United Kingdom, and has the following divisions:[6]

References

  1. ^ a b c "Annual Results 2020" (PDF). Ashtead Group. Retrieved 24 February 2020.
  2. ^ "At a glance - Ashstead Group". Ashtead Group. Retrieved 24 February 2021.
  3. ^ "Two Companies To Join FTSE 100 Index". mondovisione.com. Retrieved 16 April 2020.
  4. ^ a b "Our history". Ashtead Group. Retrieved 15 March 2015.
  5. ^ Pollok, Murray (30 November 2018). "Drabble to retire from Ashtead in 2019". KHL. Retrieved 5 October 2019.
  6. ^ a b c "AHT Profile & Executives - Ashtead Group PLC". Bloomberg. Retrieved 15 March 2015.