Senior plc
{{Infobox company
| name =Senior plc
| logo = Senior plc.svg
| type = Public
| traded_as = {{LSE|SNR}}
| foundation = 1933
| location = {{nowrap|Rickmansworth, England, UK}}
| key_people = Ian King (Chairman)
David Squires (CEO)
| industry = Manufacturing
| products = Components and systems for vehicle and aerospace manufacturers and energy producers
| revenue ={{increase}} £977.1 million (2024){{cite web|url=https://www.seniorplc.com/~/media/Files/S/Senior-PLC/reports-and-presentations/annual-report-2024.pdf|title=Annual Report 2024|publisher=Senior plc|accessdate=3 March 2025}}
| operating_income ={{increase}} £40.3 million (2024)
| net_income ={{increase}} £25.9 million (2024)
| num_employees = 6,779 (2024)
| parent =
| subsid =
| homepage = {{URL|https://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.
History
Senior was originally established in 1933 by a group of former employees of Green's Economisers Ltd. as a rival concern.{{cite web|url=http://www.seniorplc.com/about/page.cfm/5|title=History of the Senior plc Group|publisher=Senior plc|accessdate=2008-07-12}} The company was listed on the London Stock Exchange as Senior Economisers Limited in 1947.
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.{{cite web|url=https://www.marketwatch.com/story/senior-plc-buys-gamfg-parent-for-45m-2012-11-05|title=Senior PLC buys Gamfg, parent for $45M|date=5 November 2012|publisher=Marketwatch|accessdate=4 March 2020}}
It then bought Atlas Composites, a manufacturer of composite structures and tooling in 2013.{{cite web|url=https://www.adsadvance.co.uk/senior-plc-acquires-atlas-composites.html|title=Senior plc acquires Atlas Composites|publisher=ADS Advance|date= 28 February 2013|accessdate=4 March 2020}} It also bought Thermal Engineering, a supplier of high temperature lightweight aerospace components, for £22 million in 2013.{{cite web|url=https://www.aero-mag.com/senior-plc-acquires-thermal-engineering/|title=Senior plc acquires Thermal Engineering|date=3 December 2013|publisher=Aero Magazine|accessdate=4 March 2020}}
It bought UPECA Technologies, a Malaysian-based manufacturer of high-precision engineered components serving the aerospace and energy sectors, in 2014.{{cite web|url=https://www.sharesmagazine.co.uk/news/market/4769530/Senior-Plc-acquires-Upeca-Technologies|title=Senior Plc acquires Upeca Technologies|date=10 March 2014|publisher=Shares Magazine|accessdate=4 March 2020}}
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.{{cite web|url=https://www.youinvest.co.uk/articles/stockmarketwire/29639/senior-plc-acquires-lymington-precision-engineering|title=Senior Plc acquires Lymington Precision Engineering|publisher=You Invest|date=1 April 2015|accessdate=4 March 2020}} 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.{{cite web|url=https://www.insidermedia.com/news/central-and-east/senior-agrees-to-59m-aerospace-acquisit|title=Senior agrees to £59M aerospace acquisition|date= 19 November 2015|publisher=Insider Media|accessdate=4 March 2020}}
In June 2021 the company rejected a $1.2 billion buyout offer from US private-equity firm Lone Star.{{cite news |title=Britain's Senior Plc rejects Lone Star's revised $1.2 bln take-private offer |url=https://www.reuters.com/business/aerospace-defense/britains-senior-plc-rejects-lone-stars-12-bln-take-private-offer-2021-06-22/ |website=Reuters |date=22 June 2021 |access-date=25 June 2021}}
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.{{cite web|url=http://www.risersandfallers.com/2016/04/15/numis-indicates-potential-22-34-increase-in-shares-of-senior/|title=Numis Indicates Potential 22.34% Increase In Shares Of Senior|work=Risers and Fallers - Business, Finance, Politics & Technology News |date=15 April 2016|accessdate=15 April 2016}}
Financial information
File:High Street, Rickmansworth - geograph.org.uk - 189715.jpg
Financial results have been as follows:
| class="wikitable" align="center"
|+Senior plc financial results. ! Year to December ! Revenue (£million) ! EBIT (£m) ! Net profit (£m) ! Earnings per share (p) |
| 2024
| 977.1 | 40.3 | 25.9 | 6.3 |
| 2023
| 963.5 | 37.9 | 31.1 | 7.5 |
| 2022
| 848.4 | 32.5 | 20.2 | 4.9 |
| 2021
| 658.7 | 10.5 | 24.2 | 5.8 |
| 2020
| 733.6 | (177.3) | (158.5) | (38.2) |
| 2019
| 1,110.7 | 61.6 | 29.2 | 7.0 |
| 2018
| 1,082.1 | 69.9 | 50.1 | 16.1 |
| 2017
| 1,023.4 | 65.5 | 60.3 | 14.4 |
| 2016
| 917.0 | 65.8 | 45.4 | 10.8 |
| 2015
| 849.5 | 72.3 | 48.5 | 11.6 |
| 2014
| 820.8 | 89.6 | 63.5 | 15.3 |
| 2013
| 775.1 | 93.3 | 71.4 | 17.2 |
| 2012
| 712.0 | 94.5 | 66.6 | 17.1 |
| 2011
| 640.7 | 83.0 | 55.0 | 13.7 |
| 2010
| 566.9 | 62.2 | 40.4 | 10.1 |
| 2009
| 540.1 | 61.0 | 39.0 | 8.9 |
| 2008
| 562.4 | 59.8 | 39.2 | 10.6 |
| 2007
| 470.7 | 41.5 | 27.9 | 7.7 |
| 2006
| 387.9 | 24.5 | 15.2 | 4.7 |
| 2005
| 338.6 | 19.6 | 12.1 | 3.8 |
| 2004
| 306.8 | 17.1 | 6.5 | 3.4 |
| 2003
| 322.9 | 18.9 | 4.6 | 3.0 |
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
{{reflist|30em}}
External links
- [https://www.seniorplc.com Official website]
{{Authority control}}
{{FTSE 250 Index constituents}}
Category:Companies based in Three Rivers District
Category:Holding companies established in 1933
Category:Manufacturing companies of the United Kingdom
Category:Companies listed on the London Stock Exchange
Category:Manufacturing companies established in 1933
Category:1933 establishments in England