Ashtead Group

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Ashtead Group plc
Type Public (LSEAHT)
Industry Plant hire
Founded 1947
Headquarters London, UK
Key people Chris Cole, Chairman
Geoffrey Drabble, CEO
Revenue £1,206.4 million (2013)[1]
Operating income £290.3 million (2013)[1]
Net income £138.8 million (2013)[1]
Website www.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.

History[edit]

Ashtead was founded in 1947 in the village of Ashtead, Surrey, as Ashtead Plant and Tool Hire.[2] In 1986 it was first listed on the London Stock Exchange.[2] 1n 1990 it bought Sunbelt Rentals.[2] In 2006 it acquired NationsRent Inc for $1bn.[3] In 2008 it sold Ashtead Technology in a management buyout deal.[4]

Operations[edit]

The Company operates internationally, servicing customers in the US and UK.[5] It hires out large industrial items such as aerial work platforms, backhoes, excavators and forklift trucks, and smaller equipment such as power saws, ladders, and pumps. Approximately 85% of its revenue is generated in the US through the subsidiary Sunbelt Rentals, present in 388 locations across the country.[5]

UK operations[edit]

A-Plant, formerly known as Ashtead Plant, is present in 106 locations throughout the UK[5] and has the following divisions:

  • A-Plant, Plant and Tools
  • A-Plant, Acrow
  • A-plant, Trenchless Technologies
  • A-Plant, Accommodation
  • A-Plant, Power Generation and Rentarc
  • A-Plant, Rail
  • A-Plant, Powered Access
  • A-Plant, Lifting and Handling
  • A-Plant, Lux Traffic Systems

Senior management[edit]

role salary bonus total
Geoff Drabble[6] Chief executive officer £456,000 £114,000 £570,000
S.Ian Robson[7] Finance director £328,000 £82,000 £410,000
Sat Dhaiwal[8] Executive director £220,000 £220,000

References[edit]

External links[edit]