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Ashtead Group plc
Type Public (LSE: AHT)
Founded 1947
Headquarters London, UK
Key people Chris Cole, Chairman
Geoffrey Drabble, CEO
Industry Plant hire
Revenue £1,073.5 million (2009)[1]
Operating income £155.0 million (2009)[1]
Net income £63.0 million (2009)[1]
Website www.ashtead-group.com

Ashtead Group plc (LSE: AHT) 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 250 Index.

Contents

History

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

The Company operates internationally, with the majority of its business coming from the United States. 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.

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UK operations

Ashtead Plant has become known as A-Plant and is split into 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 Handeling
  • A-Plant, Lux Traffic Systems

USA Operations

In the US Ashtead group operates under the name Sunbelt Rentals. Based in Charlotte, it is the second largest equipment rental company in the U.S. and has a large network of locations in 35 states as well as the District of Columbia. A Partnership with Lowes Hardware Stores means some locations are within Lowes Stores.

Senior management

role salary bonus total
Geoff Drabble[5] Chief executive officer £456,000 £114,000 £570,000
S. Ian Robson[6] Finance director £328,000 £82,000 £410,000
Sat Dhaiwal[7] Executive director £220,000 £220,000

References

External links


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