SAFESTORE LIMITED
Company Information
- Company Number
- 05512707
- Registered Address
- Brittanic House, Stirling Way, Borehamwood, Hertfordshire, WD6 2BT
- Status
- Active
- Employee Count
- 528
- Turnover
- £162,961,000
- EBITDA
- £81,871,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 19 July 2005
- Nature of Business
- 68209 - Other letting and operating of own or leased real estate
- Industries
- Coming Soon
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Nov 2024 - 30 Apr 2025 | 30 May 2025 | 26 | 82% | 12% | 6% | 18% |
| 01 Nov 2023 - 30 Apr 2024 | 31 May 2024 | 26 | 83% | 12% | 6% | 17% |
| 01 May 2023 - 31 Oct 2023 | 30 Nov 2023 | 33 | 83% | 8% | 8% | 17% |
| 01 Nov 2022 - 30 Apr 2023 | 31 May 2023 | 28 | 77% | 17% | 7% | 23% |
| 01 Nov 2021 - 30 Apr 2022 | 31 May 2022 | 28 | 73% | 24% | 4% | 27% |
| 01 May 2021 - 31 Oct 2021 | 30 Nov 2021 | 31 | 67% | 28% | 4% | 33% |
| 01 Nov 2020 - 30 Apr 2021 | 24 May 2021 | 31 | 66% | 29% | 5% | 34% |
| 01 May 2020 - 31 Oct 2020 | 04 Jan 2021 | 36 | 59% | 31% | 10% | 41% |
| 01 Nov 2018 - 30 Apr 2019 | 17 Jun 2019 | 35 | 59% | 35% | 6% | 42% |
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
Safestore Limited’s standard terms are to pay all suppliers on qualifying contracts 30 days from the invoice date, except for third party storage suppliers who are paid 7 days from the date of invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
45
Dispute Resolution Process
Suppliers contact the Finance Accounts Payable department and are then provided the email address of the relevant individual managing the qualifying contract. The Accounts Payable department is also copied into the correspondence. The responsible individual contacts the supplier to ascertain the reason for the dispute and resolve the dispute or concern. Generally, the target of the resolution process is 10 working days from the initial contact by the supplier. Once the dispute or concern is resolved, the invoice is typically released for payment within 7 working days from the date of resolution.
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
SAFESTORE LIMITED is a UK-based company that specializes in providing storage solutions for both domestic and commercial customers. The company was founded in 1998 and has since grown to become one of the largest self-storage providers in Europe, with over 150 stores across the UK and Europe.
The company offers a range of storage options, including secure lockers, units, and warehouse space, to suit the diverse needs of its customers. Their storage services are available on a short-term or long-term basis, providing customers with flexibility and convenience.
SAFESTORE LIMITED is committed to sustainability and has implemented various initiatives to reduce its environmental impact. These include using eco-friendly packaging materials, investing in energy-efficient buildings, and promoting recycling and waste reduction among its customers.
The company also offers a range of products to assist customers with their storage needs, including packing materials, boxes, and locks. They also provide insurance options for added protection of stored items.
The key people at SAFESTORE LIMITED include the CEO, Frederic Vecchioli, and the Chairman, Alan Lewis. The company has a team of over 700 employees who are dedicated to providing exceptional customer service.
Customers can easily access information and book storage space through the company's website, which also features a live chat option for any queries. The registered office address for SAFESTORE LIMITED is at 120 Baker Street, London, W1U 6TU.
In summary, SAFESTORE LIMITED offers a wide range of storage services and products to meet the needs of its customers. With a focus on sustainability and a team of dedicated individuals, the company continues to grow and provide top-notch storage solutions to its customers.
