Score of 90.8/100 qualifies for PaymentCheck Certification
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.
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.
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.
| 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% |
This information is as reported by the business, and responses are in their own words.
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?
Changes can be made to the payment terms when agreed with the supplier before amending these terms.
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
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.
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.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Mobile Mini UK Limited is the registered entity trading as Algeco, a supplier of modular buildings, shipping containers and site accommodation for hire across the UK. It offers portable offices, welfare units, anti-vandal storage containers and permanent modular buildings, alongside ancillary services such as generators, climate control and fire safety equipment. The company forms part of the wider Modulaire Group, which operates across 24 countries and is owned by investment funds managed by Brookfield Business Partners. Its UK operations run through a network of Algeco service centres, serving construction, education, healthcare and other sectors with temporary and permanent site accommodation solutions.
Generated from the company's website and Companies House records. Sources: mobilemini.co.uk · mobilemini.co.uk