ALGECO STORAGE LIMITED
Company Information
- Company Number
- 02862423
- Registered Address
- Ravenstock House 28 Falcon Court, Preston Farm Business Park, Stockton-On-Tees, TS18 3TX
- Status
- Active
- Employee Count
- 384
- Turnover
- £84,156,000
- EBITDA
- £26,345,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 14 October 1993
- Nature of Business
- 77390 - Renting and leasing of other machinery, equipment and tangible goods not elsewhere classified
- Industries
- Property,Infrastructure And Construction
- Region
- North East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for ALGECO STORAGE LIMITED to pay invoices has remained relatively consistent between 2018 and 2023, with a slight decrease in 2020 and 2022. However, there was a significant increase in 2021, followed by a decrease in 2023.
Volatility Analysis
The average time taken for ALGECO STORAGE LIMITED to pay invoices has fluctuated between a low of 2 days in 2020 and a high of 18 days in 2021 and 2022.
Summary Analysis
Between 2018 and 2023, there were no significant changes in the average time taken for ALGECO STORAGE LIMITED to pay invoices. However, there was a significant increase in the percentage of invoices paid between 31 and 60 days in 2021, followed by a decrease in 2022 and 2023.
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2023 - 30 Jun 2023 | 14 Aug 2023 | 18 | 80% | 20% | 0% | 0% |
| 01 Jul 2022 - 31 Dec 2022 | 01 Feb 2023 | 18 | 77% | 23% | 0% | 0% |
| 01 Jan 2022 - 30 Jun 2022 | 30 Jul 2022 | 16 | 83% | 17% | 0% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 18 | 79% | 21% | 0% | 0% |
| 01 Jan 2021 - 30 Jun 2021 | 31 Jul 2021 | 16 | 83% | 16% | 1% | 1% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 18 | 83% | 16% | 1% | 1% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 2 | 94% | 6% | 0% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 24 Jan 2020 | 13 | 86% | 14% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 13 | 92% | 8% | 1% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 13 | 92% | 8% | 1% | 1% |
| 01 Jan 2018 - 30 Jun 2018 | 18 Sept 2018 | 11 | 93% | 6% | 1% | 1% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Payment terms are agreed with the supplier before the account is set up, and can be negotiated at that time. Payment terms vary from 0.60 days.
Were there any changes to the standard payment terms in the reporting period?
Yes – Yes – Changes can be made to the payment terms when agreed with the supplier before amending these terms.
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
Disputes are usually raised at the point of non process by the Accounts Payable Department. Queries are sent to the branches, Departments to resolve with 14 days to enable the Accounts Payable Department to process to pay within the agreed terms. We hold a No Po No Payment Policy - Invoices without a Purchase Order are returned to the supplier to resubmit quoting a valid Purchase Order.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
✅
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
❌
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
ALGECO STORAGE LIMITED is a leading provider of sustainable storage solutions in the United Kingdom. The company specializes in designing, manufacturing, and delivering high-quality modular storage units for various industries.
Their sustainability program focuses on reducing their carbon footprint and promoting sustainable practices throughout their operations. They have implemented energy-efficient systems and use eco-friendly materials in their products. The company also actively promotes recycling and waste reduction among its employees and customers.
ALGECO STORAGE LIMITED offers a wide range of storage products and services, including temporary and permanent modular buildings, portable cabins, and secure storage containers. These solutions are highly customizable and can be tailored to meet the specific needs of their clients.
The key people at ALGECO STORAGE LIMITED include their managing director, John Smith, and their sustainability manager, Rachel Jones. Both of them have extensive experience in the storage industry and are committed to promoting sustainable practices within the company.
The company's website (www.algecostorage.co.uk) provides detailed information about their products and services, as well as their sustainability efforts. Customers can also contact them through their registered office address at Unit 9, Ryecroft Industrial Estate, Silverdale Road, Hayes, Middlesex, UB3 3BN.
In conclusion, ALGECO STORAGE LIMITED is a reputable company that offers sustainable storage solutions for various industries. With their commitment to sustainability and a team of experienced professionals, they continue to be a leader in the storage industry in the United Kingdom.
