Registration number: 07909072

United Rentals UK Limited

Contents

Company Information	1
Strategic Report	2
Directors' Report	3
Statement of Directors' Responsibilities	4
Independent Auditor's Report	5 to 7
Profit and Loss Account	8
Balance Sheet	9
Statement of Changes in Equity	10
Statement of Cash Flows	11
Notes to the Financial Statements	12 to 20

United Rentals UK Limited

Company Information

Directors

J L Gross H J Molenaar

Company secretary

J L Gross

Registered office

Europa Way Brigg DN20 8UN

Auditors

Forrester Boyd Robson Limited Chartered Accountants Suite 606, West Village 114 Wellington Street Leeds LS1 1BA

United Rentals UK Limited

Strategic Report for the Year Ended 31 December 2024

The Directors present their strategic report for the year ended 31 December 2024.

Principal activity

The principal activity of the Company is the provision of liquid management and power solutions with the rental of tanks, pumps and filtration products as well as power and climate control equipment.

Fair review of the business

The directors are delighted to report another year of sustained growth and profitability for the Company, which has seen revenue rise to a record £16.5m for the UK entity. This growth follows the pattern set over the past 5-6 years with sustained investment in the business and year on year revenue growth.

Profitability was also strong with a record £7.4m in EBITDA, representing a 45% margin.

The continued expansion of the business has been made possible by the support of the wider group and the ongoing investment of the asset base of the Company. The current year has seen just under £4m spent on new additions to the tangible assets of the Company, largely representing new assets for rental and ensuring the Company offers the latest and best in temporary fluid, transfer and power to our customers.

The year has seen a new Scotland branch location opened in Bathgate to better service the Company's contracts and customers in the region and further our reach across the UK. This adds to the existing locations in Humberside, South Wales and Warrington. The directors believe these branches will help strengthen the Company's offering across the UK and allow for further growth, the site being the 4th location in the UK and the 38th in total across Europe.

Principal risks and uncertainties

Due to the nature of the services offered revenue can be difficult to predict however the Company is agile and with the support of a large group is expertly placed to cope with any sudden drop in customer demand. The business environment in the UK has stabilized along with inflation and interest rates, and with the government investment in AMP8 for the water authorities, the outlook for the year continues to be positive.

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:
 

......................................... J L Gross Company secretary and director

United Rentals UK Limited

Directors' Report for the Year Ended 31 December 2024

The Directors present their report and the financial statements for the year ended 31 December 2024.

Directors of the Company

The Directors who held office during the year were as follows:

J M Verschoor (ceased 1 July 2025)

J L Gross - Company secretary and director

H J Molenaar (appointed 26 November 2024)

Financial instruments

Objectives and policies

The Company uses basic financial instruments, comprising cash and other liquid resources and various other items such as trade debtors and creditors that arise directly from its operations. The main purpose of these financial instruments is to raise finance for the Company's operations.

Price risk, credit risk, liquidity risk and cash flow risk

The business' principal financial instruments comprise of bank balances and loan agreements, trade debtors, trade creditors and group loan agreements.

The liquidity risk is managed by maintaining a balance between the need for continuity of funding and flexibility through the use of loan facilities and group balances. All business cash balances are held in such a way that achieves a competitive rate of interest.

Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to business customers and the regular monitoring of amounts outstanding for both time and credit limits. The amounts presented in the balance sheet are net of allowances for trade debtors.

Trade creditors liquidity risk is managed by ensuring sufficient funds are available to meet amounts due.

Disclosure of information to the auditors

Each Director has taken steps that they ought to have taken as a Director in order to make themselves aware of any relevant audit information and to establish that the Company's auditors are aware of that information. The Directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

Reappointment of auditors

In accordance with section 485 of the Companies Act 2006, a resolution for the re-appointment of Forrester Boyd Robson Limited as auditors of the company is to be proposed at the forthcoming Annual General Meeting.

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:
 

......................................... J L Gross Company secretary and director

United Rentals UK Limited

Statement of Directors' Responsibilities

The Directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the Directors to prepare financial statements for each financial year. Under that law the Directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the Directors are required to:

•	select suitable accounting policies and apply them consistently;

•	make judgements and accounting estimates that are reasonable and prudent;

•	state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

•	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

United Rentals UK Limited

Independent Auditor's Report to the Members of United Rentals UK Limited

Opinion

We have audited the financial statements of United Rentals UK Limited (the 'Company') for the year ended 31 December 2024, which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

•	give a true and fair view of the state of the Company's affairs as at 31 December 2024 and of its profit for the year then ended;
•	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
•	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the Directors with respect to going concern are described in the relevant sections of this report.

Other information

The Directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

•	the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

•	the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

United Rentals UK Limited

Independent Auditor's Report to the Members of United Rentals UK Limited

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

•	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
•	the financial statements are not in agreement with the accounting records and returns; or
•	certain disclosures of Directors' remuneration specified by law are not made; or
•	we have not received all the information and explanations we require for our audit.

Responsibilities of Directors

As explained more fully in the Statement of Directors' Responsibilities [set out on page 4], the Directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Auditor Responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

•	Discussions held with management including consideration include consideration of known or suspected instances of non-compliance.
•	Challenging assumptions and judgements made within significant accounting estimates and judgements.
•	Identification of key laws and regulations central to the Company's operations and review of compliance with such laws and regulations.
•	Enquiries of management and the company's solicitors of actual and potential litigation claims.
•	Testing of journal entries and potential override of systems.
	Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission and misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

United Rentals UK Limited

Independent Auditor's Report to the Members of United Rentals UK Limited

Use of our report

This report is made solely to the Company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

......................................
Richard Walker ACA (Senior Statutory Auditor)
For and on behalf of Forrester Boyd Robson Limited, Statutory Auditor

Suite 606, West Village
114 Wellington Street
Leeds
LS1 1BA

30 September 2025

United Rentals UK Limited

Profit and Loss Account for the Year Ended 31 December 2024

	Note	2024 £	2023 £
Turnover	3	16,479,591	12,753,625
Cost of sales		(628,663)	(376,045)
Gross profit		15,850,928	12,377,580
Administrative expenses		(10,872,082)	(9,397,831)
Operating profit	4	4,978,846	2,979,749
Other interest receivable and similar income		8,779	7,113
Interest payable and similar expenses	5	(164,566)	(236,530)
		(155,787)	(229,417)
Profit before tax		4,823,059	2,750,332
Tax on profit	8	(1,249,582)	(743,205)
Profit for the financial year		3,573,477	2,007,127

The above results were derived from continuing operations.

The Company has no recognised gains or losses for the year other than the results above.

United Rentals UK Limited

(Registration number: 07909072)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	9	20,812,140	19,662,131
Current assets
Stocks	10	283,572	229,741
Debtors	11	4,867,625	3,386,350
Cash at bank and in hand		1,276,928	620,085
		6,428,125	4,236,176
Creditors: Amounts falling due within one year	13	(2,094,190)	(2,091,146)
Net current assets		4,333,935	2,145,030
Total assets less current liabilities		25,146,075	21,807,161
Creditors: Amounts falling due after more than one year	13	(3,500,000)	(4,250,000)
Provisions for liabilities		(2,631,431)	(2,115,994)
Net assets		19,014,644	15,441,167
Capital and reserves
Called up share capital		2	2
Capital contribution reserve	16	4,989,338	4,989,338
Retained earnings	16	14,025,304	10,451,827
Shareholders' funds		19,014,644	15,441,167

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:
 

......................................... J L Gross Company secretary and director

United Rentals UK Limited

Statement of Changes in Equity for the Year Ended 31 December 2024

	Share capital £	Capital contribution reserve £	Retained earnings £	Total £
At 1 January 2024	2	4,989,338	10,451,827	15,441,167
Profit for the year	-	-	3,573,477	3,573,477
At 31 December 2024	2	4,989,338	14,025,304	19,014,644