Senior plc

Last updated
Senior plc
Company type Public
LSE:  SNR
Industry Manufacturing
Founded1933
Headquarters Rickmansworth, England, UK
Key people
 Ian King (Chairman)
David Squires (CEO)
ProductsComponents and systems for vehicle and aerospace manufacturers and energy producers
RevenueIncrease2.svg £977.1 million (2024) [1]
Increase2.svg £40.3 million (2024) [1]
Increase2.svg £25.9 million (2024) [1]
Number of employees
6,779 (2024) [1]
Website www.seniorplc.com

Senior plc is the holding company for a global group of firms in the manufacturing and engineering industries, headquartered in Rickmansworth, England. The Company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Contents

History

Senior was originally established in 1933 by a group of former employees of Green's Economisers Ltd. as a rival concern. [2] The company was listed on the London 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 bought UPECA Technologies, a Malaysian-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 firm Lone Star. [9]

Operations

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

Financial information

High Street, Rickmansworth: Senior plc's head office is the modern building in the background High Street, Rickmansworth - geograph.org.uk - 189715.jpg
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 December Revenue (£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 Kingdom Generally Accepted Accounting Principles. Accounts from 2004 onwards prepared according to International Financial Reporting Standards.

References

  1. 1 2 3 4 5 "Annual Report 2024" (PDF). Senior plc. Retrieved 3 March 2025.
  2. 1 2 "History of the Senior plc Group". Senior plc. Retrieved 2008-07-12.
  3. ↑ "Senior PLC buys Gamfg, parent for $45M". Marketwatch. 5 November 2012. Retrieved 4 March 2020.
  4. ↑ "Senior plc acquires Atlas Composites". ADS Advance. 28 February 2013. Retrieved 4 March 2020.
  5. ↑ "Senior plc acquires Thermal Engineering". Aero Magazine. 3 December 2013. Retrieved 4 March 2020.
  6. ↑ "Senior Plc acquires Upeca Technologies". Shares Magazine. 10 March 2014. Retrieved 4 March 2020.
  7. ↑ "Senior Plc acquires Lymington Precision Engineering". You Invest. 1 April 2015. Retrieved 4 March 2020.
  8. ↑ "Senior agrees to £59M aerospace acquisition". Insider Media. 19 November 2015. Retrieved 4 March 2020.
  9. ↑ "Britain's Senior Plc rejects Lone Star's revised $1.2 bln take-private offer". Reuters . 22 June 2021. Retrieved 25 June 2021.
  10. ↑ "Numis Indicates Potential 22.34% Increase In Shares Of Senior". 15 April 2016. Retrieved 15 April 2016.
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