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Senior plc

From Wikipedia, the free encyclopedia
Senior plc
Company typePublic
LSESNR
IndustryManufacturing
Founded1933
HeadquartersRickmansworth, England, UK
Key people
Ian King(Chairman)
David Squires(CEO)
ProductsComponents and systems forvehicle andaerospace manufacturers andenergy producers
RevenueIncrease£977.1 million (2024)[1]
Increase £40.3 million (2024)[1]
Increase £25.9 million (2024)[1]
Number of employees
6,779 (2024)[1]
Websitewww.seniorplc.com

Senior plc is theholding company for a global group of firms in themanufacturing andengineering industries, headquartered inRickmansworth, England. The Company is listed on theLondon Stock Exchange and is a constituent of theFTSE 250 Index.

History

[edit]

Senior was originally established in 1933 by a group of former employees of Green'sEconomisers Ltd. as a rival concern.[2] The company was listed on theLondon Stock Exchange as Senior Economisers Limited in 1947.[2]

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.[3]

It then bought Atlas Composites, a manufacturer of composite structures and tooling in 2013.[4] It also bought Thermal Engineering, a supplier of high temperature lightweight aerospace components, for £22 million in 2013.[5]

It boughtUPECA Technologies, aMalaysian-based manufacturer of high-precision engineered components serving the aerospace and energy sectors, in 2014.[6]

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.[7] 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.[8]

In June 2021 the company rejected a $1.2 billion buyout offer from US private-equity firmLone Star.[9]

Operations

[edit]

Senior's constituent companies are grouped in two divisions: Aerospace, which manufactures components and systems for clients in theaerospace industry; and Flexonics, which primarily supplies theautomotive andenergy industries.[10]

Financial information

[edit]
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 DecemberRevenue (£million)EBIT (£m)Net profit (£m)Earnings per share (p)
2024977.140.325.96.3
2023963.537.931.17.5
2022848.432.520.24.9
2021658.710.524.25.8
2020733.6(177.3)(158.5)(38.2)
20191,110.761.629.27.0
20181,082.169.950.116.1
20171,023.465.560.314.4
2016917.065.845.410.8
2015849.572.348.511.6
2014820.889.663.515.3
2013775.193.371.417.2
2012712.094.566.617.1
2011640.783.055.013.7
2010566.962.240.410.1
2009540.161.039.08.9
2008562.459.839.210.6
2007470.741.527.97.7
2006387.924.515.24.7
2005338.619.612.13.8
2004306.817.16.53.4
2003322.918.94.63.0

Note: Accounts to 2003 prepared according to United KingdomGenerally Accepted Accounting Principles. Accounts from 2004 onwards prepared according toInternational Financial Reporting Standards.

References

[edit]
  1. ^abcde"Annual Report 2024"(PDF). Senior plc. Retrieved3 March 2025.
  2. ^ab"History of the Senior plc Group". Senior plc. Retrieved2008-07-12.
  3. ^"Senior PLC buys Gamfg, parent for $45M". Marketwatch. 5 November 2012. Retrieved4 March 2020.
  4. ^"Senior plc acquires Atlas Composites". ADS Advance. 28 February 2013. Retrieved4 March 2020.
  5. ^"Senior plc acquires Thermal Engineering". Aero Magazine. 3 December 2013. Retrieved4 March 2020.
  6. ^"Senior Plc acquires Upeca Technologies". Shares Magazine. 10 March 2014. Retrieved4 March 2020.
  7. ^"Senior Plc acquires Lymington Precision Engineering". You Invest. 1 April 2015. Retrieved4 March 2020.
  8. ^"Senior agrees to £59M aerospace acquisition". Insider Media. 19 November 2015. Retrieved4 March 2020.
  9. ^"Britain's Senior Plc rejects Lone Star's revised $1.2 bln take-private offer".Reuters. 22 June 2021. Retrieved25 June 2021.
  10. ^"Numis Indicates Potential 22.34% Increase In Shares Of Senior".Risers and Fallers - Business, Finance, Politics & Technology News. 15 April 2016. Retrieved15 April 2016.

External links

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FTSE 100FTSE 250 companies of the United Kingdom →FTSE SmallCap
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