ALGECO UK LIMITED
Get an alert when ALGECO UK LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-14 (in 2mo)
Last made up 2025-06-30
Watchouts
None on the register
Cash
£1M
-81.2% vs 2023
Net assets
£289M
+0.2% vs 2023
Employees
1,201
+23.9% highest in 4 filed years
Profit before tax
-£25M
+6.7% vs 2023
Net assets
4-year trend · vs Consumer Discretionary median
Accounts
4-year trend · latest reflected 2024-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Turnover | — | — | £252,433,000 | £221,318,000 | |
| Operating profit | — | — | -£21,627,000 | -£21,552,000 | |
| Profit before tax | — | — | -£26,914,000 | -£25,124,000 | |
| Net profit | — | — | -£26,914,000 | £560,000 | |
| Cash | £6,354 | £5,183 | £6,897,000 | £1,295,000 | |
| Total assets less current liabilities | £449,883 | £496,287 | £583,825,000 | £742,031,000 | |
| Net assets | £324,743 | £315,338 | £288,424,000 | £288,984,000 | |
| Equity | £324,743 | £315,338 | £288,424,000 | £288,984,000 | |
| Average employees | 830 | 887 | 969 | 1,201 | |
| Wages | — | — | £36,094,000 | £41,869,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | -8.6% | -9.7% | |
| Net margin | — | — | -10.7% | 0.3% | |
| Return on capital employed | — | — | -3.7% | -2.9% | |
| Gearing (liabilities / total assets) | — | — | 57.5% | 65.8% | |
| Current ratio | — | — | 4.09x | 4.24x | |
| Interest cover | — | — | -2.14x | -0.79x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“With this support in place, covering the period up to 12 months from the approval of these financial statements, and after assessing and gaining comfort of the Group's intent and ability to provide support if required, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and so continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Group structure
- ALGECO UK LIMITED · parent
- Mietsystem für Bau and Industrie GmbH (MBM) 100%
- Algeco Schweiz AG 90%
- Algeco GmbH 77%
- Algeco s.r.o 77%
- Algeco S.R.L 76%
- Algeo Polska Sp.Zo.o 77%
Significant events
- “On 1 June 2024 the company acquired the trade and assets of Algeco Storage Limited.”
- “From 1 June 2024, the trade and assets of Algeco Storage Limited were hived up into Algeco UK Limited, creating a single trading entity under a unified brand. A new regional operating structure has been implemented, which includes the integration of depots, operational synergies, and selective branch closures.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 43 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ODOM, James | Secretary | 2022-10-05 | — | — |
| JONES, Ceredig | Director | 2023-04-28 | Sep 1983 | British |
| ODOM, James Stewart Christopher | Director | 2022-10-05 | Jan 1986 | British |
Show 43 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ANDERSON, Thomas | Secretary | 1995-11-06 | 2009-12-23 |
| DE EPALZA, Joana | Secretary | 2012-03-28 | 2015-10-05 |
| HOSKIN, Malcolm Charles | Secretary | — | 1995-11-06 |
| NICOL, Roy George | Secretary | 2015-10-05 | 2017-05-31 |
| O'MALLEY, James | Secretary | 2017-07-04 | 2022-10-05 |
| THOMPSON, Ian Patrick Russell | Secretary | 2009-12-23 | 2012-03-16 |
| ANDERSON, Thomas | Director | 1995-11-06 | 2009-12-23 |
| AZUWUIKE, Henry Ndukwu | Director | 2012-10-12 | 2018-06-01 |
| BAKER, Henry Maurice | Director | 1995-11-06 | 2001-07-03 |
| BOYLE, George Mathieson | Director | — | 2000-09-01 |
| BRIGGS-FISH, David Robert | Director | 1995-11-06 | 2000-10-06 |
| CAMPBELL, John Michael Joseph | Director | 2019-04-08 | 2022-07-26 |
| CAVANAGH, Darron William | Director | 2018-07-02 | 2018-10-31 |
| DALE, Manjit | Director | 2005-06-17 | 2008-11-24 |
| DARWIN, Robert Christopher | Director | 1995-11-06 | 2008-10-31 |
| DE EPALZA, Joana | Director | 2012-03-28 | 2015-10-05 |
| DORLING, Keith | Director | 2023-02-08 | 2026-01-14 |
| DYE, Iain Roger | Director | 2000-09-01 | 2005-05-24 |
| EBURNE, Mark Andrew | Director | 2010-01-19 | 2012-10-16 |
| EDWARDS, David John | Director | 2007-10-15 | 2011-01-05 |
| GORDON, Simon | Director | 2020-11-09 | 2022-04-14 |
| HOSKIN, Malcolm Charles | Director | — | 1995-11-06 |
| IVEY, John Charles | Director | 1995-11-06 | 2005-05-24 |
| JONES, Richard | Director | 2016-04-18 | 2018-06-30 |
| LANG, James Paul | Director | 2012-03-28 | 2014-07-14 |
| LEE, Geoffrey Ronald | Director | 2001-07-03 | 2003-01-31 |
| MURRAY, Thomas Anthony | Director | 2020-12-11 | 2023-03-27 |
| NEWMAN, Lee Jon | Director | 2015-10-05 | 2018-02-28 |
| NORTON, Trace Lee | Director | 2022-05-30 | 2023-02-08 |
| O'KELLY, Paul Brian | Director | 2006-09-01 | 2010-01-19 |
| O'MALLEY, James | Director | 2018-01-29 | 2022-10-05 |
| PEACH, Andrew Kenneth | Director | 2006-01-24 | 2011-06-30 |
| PIERCE, Richard Thomas Henry | Director | 1995-11-06 | 2007-04-30 |
| QUENOT, Bertrand Marcel Bernard | Director | 2013-01-01 | 2018-05-02 |
| ROBERTSON, Stephen James | Director | 2005-06-17 | 2008-11-24 |
| ROQUEPLO, Bruno | Director | 2012-10-15 | 2012-12-14 |
| ROWLAND, Philip | Director | 2005-06-17 | 2008-11-24 |
| SMEETH, Paul Edmund | Director | 1995-11-06 | 2006-08-31 |
| THAKRAR, Sundip | Director | 2018-01-29 | 2021-12-15 |
| THOMPSON, Ian Patrick Russell | Director | 2009-12-23 | 2012-03-16 |
| TYLER, Andrew, Dr | Director | 2018-07-02 | 2019-10-25 |
| UNDERHILL, Geoffrey Franklin | Director | 2000-07-05 | 2010-02-26 |
| YOUNG, Lee Andrew | Director | 2018-10-15 | 2020-11-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Algeco Uk Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 334 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-31 | AA | accounts | Accounts with accounts type full | |
| 2025-07-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-17 | AA | accounts | Accounts with accounts type full | |
| 2024-07-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-24 | AAMD | accounts | Accounts amended with accounts type full | |
| 2023-12-29 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-12-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-09-25 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2023-08-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-07-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-02 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-11 | TM01 | officers | Termination director company with name termination date | |
| 2023-02-15 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-10 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-31 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-01-04 | AA | accounts | Accounts with accounts type full | |
| 2022-10-06 | AP03 | officers | Appoint person secretary company with name date | |
| 2022-10-06 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-06 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-12.3%
£252,433,000 £221,318,000
-
Cash
-81.2%
£6,897,000 £1,295,000
-
Net assets
+0.2%
£288,424,000 £288,984,000
-
Employees
+23.9%
969 1,201
highest in 4 filed years
-
Operating profit
+0.3%
-£21,627,000 -£21,552,000
-
Profit before tax
+6.7%
-£26,914,000 -£25,124,000
-
Wages
+16%
£36,094,000 £41,869,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers