ASHTEAD TECHNOLOGY HOLDINGS PLC
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Next accounts due
2027-06-30 (in 1y)
Last filed for 2025-12-31
Confirmation statement due
2027-01-02 (in 8mo)
Last made up 2025-12-19
Watchouts
None on the register
Cash
£14M
+15.7% vs 2024
Net assets
£157M
+23.4% vs 2024
Employees
847
+12.9% vs 2024
Profit before tax
£41M
+14.3% vs 2024
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Turnover | £168,044,000 | £203,195,000 | |
| Operating profit | £42,784,000 | £51,325,000 | |
| Profit before tax | £36,063,000 | £41,233,000 | |
| Net profit | £28,778,000 | £32,214,000 | |
| Cash | £12,168,000 | £14,073,000 | |
| Total assets less current liabilities | £178,384,000 | £192,130,000 | |
| Net assets | £127,326,000 | £157,088,000 | |
| Equity | £127,326,000 | £157,088,000 | |
| Average employees | 750 | 847 | |
| Wages | £37,794,000 | £42,860,000 | |
| Directors' remuneration | £3,123,000 | £2,327,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-12-31 vs 2024-12-31
-
Turnover
+20.9%
£168,044,000 £203,195,000
-
Cash
+15.7%
£12,168,000 £14,073,000
-
Net assets
+23.4%
£127,326,000 £157,088,000
-
Employees
+12.9%
750 847
-
Operating profit
+20%
£42,784,000 £51,325,000
-
Profit before tax
+14.3%
£36,063,000 £41,233,000
-
Wages
+13.4%
£37,794,000 £42,860,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | 25.5% | 25.3% | |
| Net margin | 17.1% | 15.9% | |
| Return on capital employed | 24.0% | 26.7% | |
| Gearing (liabilities / total assets) | 59.4% | 51.4% | |
| Current ratio | 2.25x | 2.68x | |
| Interest cover | 6.18x | 4.89x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- ASHTEAD TECHNOLOGY HOLDINGS PLC 2021-11-05 → present
- REDHILL PLC 2021-05-27 → 2021-11-05
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“During 2025 the Group has continued to generate positive cash flow from operations with a cash and cash equivalents balance of £14,073,000 (2024: £12,168,000). The Group has access to a multi-currency RCF and additional accordion facility, which have total commitments of £170,000,000 and £50,000,000 respectively.”
Group structure
- ASHTEAD TECHNOLOGY HOLDINGS PLC · parent
- BP INV2 Pledgco Limited 100%
- Ashtead US Pledgco Inc 100%
- Ashtead Technology (South East Asia) PTE Limited 100%
- Ashtead Technology Holdings Limited 100%
- Ashtead Technology LLC SPC (formerly TES Survey Equipment Services LLC) 100%
- Ashtead Technology (Canada) Limited 100%
- Alfred Cheyne Engineering Limited 100%
- ACE Winches Limited 100%
- Ashtead Technology AS 100%
- J2 Subsea Limited 100%
- Seatronics Limited 100%
- Seatronics PTE Limited 100%
Significant events
- “In 2025, we completed the integration of the Seatronics and J2 Subsea acquisitions, delivering higher operational synergies quicker than anticipated and adding significant scale to both the size of our equipment fleet by £33.8m and headcount. This has strengthened our technical capability and further cemented our market leader in subsea survey and robotics. With these acquisitions we further strengthened our international reach and global client relationships.”
- “In 2025, further enhanced our internal newsletter which is sent globally to our workforce, weekly.”
- “In 2025, continued to strengthen our supply chain management process and our supply chain engagement with suppliers, with regular updates provided to the Board.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| AMBA SECRETARIES LIMITED | Corporate Secretary | 2025-07-30 | — | — |
| CAHUZAC, Jean Paul | Director | 2024-03-20 | Jan 1954 | French |
| DURRANT, Anthony Richard Charles | Director | 2021-11-23 | Aug 1958 | British |
| FÆRØVIK, Kristin | Director | 2025-01-18 | Jun 1962 | Norwegian |
| HAMBORG-THOMSEN, Thomas | Director | 2021-11-23 | Sep 1972 | Danish |
| PIRIE, Allan William | Director | 2021-11-04 | Jan 1973 | British |
| SHANNON, William Mervyn Frew Carey | Director | 2021-11-23 | Nov 1949 | British |
| STEWART, Ingrid | Director | 2021-11-04 | Apr 1974 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| STEWART, Ingrid | Secretary | 2021-11-04 | 2025-07-30 |
| UK COMPANY SECRETARIES LTD | Corporate Secretary | 2021-05-27 | 2021-11-04 |
| BLACKBURN, Paul | Director | 2021-05-27 | 2021-11-04 |
| CAVELEY, Maureen Anne | Director | 2021-05-27 | 2021-11-04 |
| CONNOLLY, Joseph Adam | Director | 2021-11-04 | 2023-12-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bp Inv2 Newco Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-11-04 | Ceased 2021-11-23 |
| System Day (Nominees) Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-05-27 | Ceased 2021-11-04 |
Filing timeline
Last 20 of 62 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-06-05 RESOLUTIONS Resolution
- 2024-06-12 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-18 | AA | accounts | Accounts with accounts type group | |
| 2026-01-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-31 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-07-30 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-07-30 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-06-05 | RESOLUTIONS | resolution | Resolution | |
| 2025-04-24 | AA | accounts | Accounts with accounts type group | |
| 2025-04-17 | SH01 | capital | Capital allotment shares | |
| 2025-01-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-01-14 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2025-01-14 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2024-10-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-06-12 | RESOLUTIONS | resolution | Resolution | |
| 2024-05-10 | AA | accounts | Accounts with accounts type group | |
| 2024-04-16 | SH01 | capital | Capital allotment shares | |
| 2024-03-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-07 | CH01 | officers | Change person director company with change date | |
| 2023-12-19 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 1
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.