ASHTEAD TECHNOLOGY LIMITED
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Cash
£2.8M
-18.9% vs 2023
Net assets
£55M
+34.3% vs 2023
Employees
243
+46.4% vs 2023
Profit before tax
£17M
+94% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £53,406,000 | £75,208,000 | +40.8% | |
| Operating profit | £12,704,000 | £24,272,000 | +91.1% | |
| Profit before tax | £8,977,000 | £17,415,000 | +94% | |
| Net profit | £6,273,000 | £12,708,000 | +102.6% | |
| Cash | £3,451,000 | £2,798,000 | -18.9% | |
| Total assets less current liabilities | — | — | — | |
| Net assets | £41,085,000 | £55,189,000 | +34.3% | |
| Equity | £41,085,000 | £55,189,000 | +34.3% | |
| Average employees | 166 | 243 | +46.4% | |
| Wages | £11,562,000 | £17,662,000 | +52.8% | |
| Directors' remuneration | £2,555,000 | £2,166,000 | -15.2% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 23.8% | 32.3% | |
| Net margin | 11.7% | 16.9% | |
| Gearing (liabilities / total assets) | 74.5% | 76.7% | |
| Current ratio | 0.46x | 0.75x | |
| Interest cover | 3.18x | 3.46x |
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 3 times since incorporation
- ASHTEAD TECHNOLOGY LIMITED 1993-08-25 → present
- SUBSPEK OCEANICS LIMITED 1990-10-19 → 1993-08-25
- SUBSPEK LIMITED 1985-03-13 → 1990-10-19
- BEMAR LIMITED 1985-02-12 → 1985-03-13
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements of the Company are prepared on a going concern basis. The Directors assert that the preparation of the financial statements on a going concern basis is appropriate, which is based upon a review of the future forecast performance of the Group, of which this company is a member, for a two year period ending 31 December 2026. ... the Directors have adopted the going concern basis in preparing the financial statements.”
Group structure
- ASHTEAD TECHNOLOGY LIMITED · parent
- TES Survey Equipment Services LLC 100%
- Alfred Cheyne Engineering Ltd 100%
- ACE Winches Inc 100%
- Seascan Limited 100%
- J2 Subsea Limited 100%
- Geoscan Group Limited 100%
- Seatronics Limited 100%
- Seatronics Inc 100%
- Seatronics PTE Limited 100%
Significant events
- “On 26 November 2024, Ashtead Technology Limited acquired 100% of the issued share capital of Seascan Limited and J2 Subsea Limited and their subsidiaries Geoscan Group Limited, Seatronics Limited, Seatronics Inc and Seatronics PTE Limited.”
- “On 26 September 2024, non-cash dividends of £7,139,000 from Underwater Cutting Solutions Limited were declared.”
- “On 26 September 2024, non-cash dividends of £14,777,000 from Rathmay Limited were declared.”
- “During 2024, investment value of £570,000 was transferred to goodwill relating to the transfer of the trade, assets and liabilities of Underwater Cutting Solutions Limited to Ashtead Technology Limited and Underwater Cutting Solutions Limited was liquidated on 27 September 2024.”
- “The disposal in 2024 relates to a group reorganisation, which resulted in the investment in Ashtead Technology (Canada) Limited being transferred to BP INV2 Pledgeco Limited.”
- “During 2024, the trade, assets and liabilities of Rathmay Limited were transferred to Ashtead Technology Limited and Rathmay Limited was liquidated on 27 September 2024.”
- “During 2024, the trade, assets and liabilities of Ace Winches DMCC were transferred to Alfred Cheyne Engineering Limited and Ace Winches DMCC was liquidated on 25 September 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 26 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PIRIE, Allan William | Director | 2009-06-08 | Jan 1973 | British |
| STEWART, Ingrid | Director | 2021-03-05 | Apr 1974 | British |
Show 26 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CLARK, Robert Edmund | Secretary | 1997-05-20 | 2004-08-03 |
| GUTHRIE, Iain James | Secretary | 2008-06-25 | 2008-12-31 |
| HEHIR, Richard Andrew | Secretary | 2014-02-26 | 2021-03-18 |
| ROBSON, Stuart Ian | Secretary | 2004-08-03 | 2004-10-11 |
| SIMPSON, Peter John | Secretary | 2008-12-18 | 2014-02-26 |
| WATKINS, Eric | Secretary | 2004-10-11 | 2008-06-25 |
| ANDERSON, Alan | Director | 1990-04-06 | 2000-06-26 |
| ASHKURI, Safa | Director | 1991-07-29 | 1993-04-15 |
| BELL, Dennis | Director | 1992-03-25 | 1994-01-01 |
| BURNETT, George Barnett | Director | 1990-04-06 | 2006-12-31 |
| CONNOLLY, Joseph Adam | Director | 2016-04-07 | 2021-12-09 |
| DERRY, Mark John | Director | 2010-01-05 | 2012-09-14 |
| DOGGETT, Andrew William | Director | 2005-10-06 | 2009-11-27 |
| DRABBLE, Geoffrey | Director | 2006-12-31 | 2008-06-25 |
| FORSHAW, Edward James | Director | 1993-09-01 | 1999-03-09 |
| GUTHRIE, Iain James | Director | 2005-10-06 | 2008-12-31 |
| HEHIR, Richard Andrew | Director | 2018-04-06 | 2021-03-18 |
| HEHIR, Richard Andrew | Director | 2013-04-05 | 2016-04-07 |
| HOLROYD, Andrew Robert | Director | 2005-10-06 | 2010-10-31 |
| LANIGAN, Philip Nicholas | Director | 2008-11-19 | 2009-07-17 |
| LEWIS, Peter Donald | Director | 1990-04-06 | 2001-01-30 |
| PHILIP, Graham Martin | Director | 2009-06-08 | 2013-04-05 |
| PHILLIPS, James Robert | Director | 1992-03-25 | 2008-05-16 |
| ROBSON, Stuart Ian | Director | 2000-07-04 | 2008-06-25 |
| SHEEHAN, Timothy William | Director | 2013-06-27 | 2016-04-07 |
| SIMPSON, Peter John | Director | 1992-03-25 | 2018-04-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ashtead Technology Midco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-12-20 | Active |
| Hsbc Corporate Trustee Company (Uk) Limited | Corporate entity | Shares 75–100% | 2019-09-04 | Ceased 2023-04-05 |
| Hsbc Bank Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-07 | Ceased 2019-09-04 |
| Amazon Acquisitions Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2024-12-20 |
Filing timeline
Last 20 of 254 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-10 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-02-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-01 | AA | accounts | Accounts with accounts type full | |
| 2025-02-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-15 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-01-15 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-10-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-07-16 | AA | accounts | Accounts with accounts type full | |
| 2024-02-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-02-05 | CH01 | officers | Change person director company with change date | |
| 2024-02-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-07-11 | AA | accounts | Accounts with accounts type full | |
| 2023-04-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-04-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-04-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-04-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-02-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-09 | AA | accounts | Accounts with accounts type full | |
| 2022-02-03 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.