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Senior plc

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Senior plc
Company typePublic
LSE: SNR
IndustryManufacturing
Founded1933
HeadquartersRickmansworth, England, UK
Key people
Ian King (Chairman)
David Squires (CEO)
ProductsComponents and systems for vehicle and aerospace manufacturers and energy producers
RevenueIncrease £848.4 million (2022)[1]
Increase £32.5 million (2022)[1]
Decrease £20.2 million (2022)[1]
Number of employees
5,664 (2023)[2]
Websitewww.seniorplc.com

Senior plc is the holding company for a global group of firms in the manufacturing and engineering industries, headquartered in Rickmansworth, England. The Company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

Senior was originally established in 1933 by a group of former employees of Green's Economisers Ltd. as a rival concern.[3] The company was listed on the London Stock Exchange as Senior Economisers Limited in 1947.[3]

It acquired GAMFG Precision LLC, a manufacturer of machined components and assemblies for the off-road land vehicle and aerospace markets, for US$45.0 million in 2012.[4]

It then bought Atlas Composites, a manufacturer of composite structures and tooling in 2013.[5] It also bought Thermal Engineering, a supplier of high temperature lightweight aerospace components, for £22 million in 2013.[6]

It bought Upeca Technologies, a Malaysian-based manufacturer of high-precision engineered components serving the aerospace and energy sectors, in 2014.[7]

It acquired Lymington Precision Engineering, a manufacturer of precision-machined components, fabrications, assemblies and kit sets, for a minimum of £45.8 million in 2015.[8] It also bought Steico Industries, a manufacturer of precision tube and duct assemblies for the commercial and defence aerospace industries, for £59 million in 2015.[9]

In June 2021 the company rejected a $1.2 billion buyout offer from US private-equity firm Lone Star.[10]

Operations

Senior's constituent companies are grouped in two divisions: Aerospace, which manufactures components and systems for clients in the aerospace industry; and Flexonics, which primarily supplies the automotive and energy industries.[11]

Financial information

High Street, Rickmansworth: Senior plc's head office is the modern building in the background

Financial results have been as follows:[1]

Senior plc financial results.
Year to December Revenue (£million) EBIT (£m) Net profit (£m) Earnings per share (p)
2022 848.4 32.5 20.2 4.9
2021 658.7 10.5 24.2 5.8
2020 733.6 (177.3) (158.5) (38.2)
2019 1,110.7 61.6 29.2 7.0
2018 1,082.1 69.9 50.1 16.1
2017 1,023.4 65.5 60.3 14.4
2016 917.0 65.8 45.4 10.8
2015 849.5 72.3 48.5 11.6
2014 820.8 89.6 63.5 15.3
2013 775.1 93.3 71.4 17.2
2012 712.0 94.5 66.6 17.1
2011 640.7 83.0 55.0 13.7
2010 566.9 62.2 40.4 10.1
2009 540.1 61.0 39.0 8.9
2008 562.4 59.8 39.2 10.6
2007 470.7 41.5 27.9 7.7
2006 387.9 24.5 15.2 4.7
2005 338.6 19.6 12.1 3.8
2004 306.8 17.1 6.5 3.4
2003 322.9 18.9 4.6 3.0

Note: Accounts to 2003 prepared according to United Kingdom Generally Accepted Accounting Principles. Accounts from 2004 onwards prepared according to International Financial Reporting Standards.

References

  1. ^ a b c d "Annual Report 2022" (PDF). Senior plc. Retrieved 27 February 2023.
  2. ^ "At a glance". Senior plc. Retrieved 17 February 2023.
  3. ^ a b "History of the Senior plc Group". Senior plc. Retrieved 2008-07-12.
  4. ^ "Senior PLC buys Gamfg, parent for $45M". Marketwatch. 5 November 2012. Retrieved 4 March 2020.
  5. ^ "Senior plc acquires Atlas Composites". ADS Advance. 28 February 2013. Retrieved 4 March 2020.
  6. ^ "Senior plc acquires Thermal Engineering". Aero Magazine. 3 December 2013. Retrieved 4 March 2020.
  7. ^ "Senior Plc acquires Upeca Technologies". Shares Magazine. 10 March 2014. Retrieved 4 March 2020.
  8. ^ "Senior Plc acquires Lymington Precision Engineering". You Invest. 1 April 2015. Retrieved 4 March 2020.
  9. ^ "Senior agrees to £59M aerospace acquisition". Insider Media. 19 November 2015. Retrieved 4 March 2020.
  10. ^ "Britain's Senior Plc rejects Lone Star's revised $1.2 bln take-private offer". Reuters. 22 June 2021. Retrieved 25 June 2021.
  11. ^ "Numis Indicates Potential 22.34% Increase In Shares Of Senior". 15 April 2016. Retrieved 15 April 2016.


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