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British industrial equipment rental company From Wikipedia, the free encyclopedia
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's base at King's House in London | |
| 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 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]
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