 | |
 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; 78 years ago (1947) |
| Headquarters | London, England, UK South Carolina,United States (operational)[2][3] |
Key people | |
| Revenue |  £9,630.2 million (2024)[4] |
| £2,774.9 million (2024)[4] | |
 £1,598.4 million (2024)[4] | |
Number of employees | 25,344 (2025)[5] |
| Website | ashtead-group |
Ashtead Group Public Limited Company is a British industrialequipment rental company based inLondon, England. It is listed on theLondon Stock Exchange as a constituent of theFTSE 100 Index,[6] but, as of December 2024, it is contemplating a US stock market listing.
Ashtead was founded in 1947, in the village ofAshtead,Surrey, as Ashtead Plant and Tool Hire.[7] In 1986, it was first listed on theLondon Stock Exchange.[7]
In September 2018, Ashtead appointedPaul Walker as non-executive chairman of its board.[8][9]
In November 2018, it was announced thatGeoff Drabble would retire as CEO after twelve years on 1 May 2019, and would be succeeded byBrendan Horgan, the Group Chief Operations Officer and chief executive of Sunbelt Rentals, Ashtead's North American business.[10]
In June 2022, Sunbelt Rentals, Ashtead's main operating subsidiary, was announced as an investor inlithium-ion battery developerBritishvolt.[11] After Britishvolt went into administration in January 2023, Ashtead later revealed it took a £35m hit from its collapse.[12]
In December 2024, Ashtead announced plans (to be discussed with shareholders) to move its primary stock market listing from London to the US. It said the US was a "natural long term listing venue" because most of the group's profit came from North America, and its leadership, most of its 25,000 employees and its operational headquarters were all in the US.[13]
The company operates internationally, servicing customers in Canada, the United States and the United Kingdom.[14] 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.[14]
The company's non-executive directors are Paul Walker, Angus Cockburn, Jill Easterbrook, Tanya Fratto, Reneta Ribeiro, Lucinda Riches and Lindsley Ruth.[9]
Sunbelt Rentals, formerly known as A-Plant, is present in over 185 locations throughout the United Kingdom, and has the following divisions:[14]
| International | |
|---|---|
| National | |
