How much does Algeco Storage Limited make?

Algeco Storage Limited reported revenue of £84.2k and £18.7k profit in the year to 31 Dec 2022, according to its accounts filed at Companies House.

How many employees does Algeco Storage Limited have?

Algeco Storage Limited reported an average of 384 employees in the year to 31 Dec 2022.

Is Algeco Storage Limited profitable?

Yes — Algeco Storage Limited reported a profit of £18.7k in the year to 31 Dec 2022.

Company No. 02862423 · Incorporated 14 Oct 1993

Algeco Storage Limited

Registered name: ALGECO STORAGE LIMITED

Part of Algeco Holdings B.V. group

Algeco Storage Limited made £84.2k revenue and £18.7k profit in the year to 31 Dec 2022.

Algeco Storage Limited’s revenue grew 6% to £84.2k in the year to 31 Dec 2022, with £18.7k profit and 384 employees. The company is classified under “renting and leasing of other machinery, equipment and tangible goods” and is based in Stockton-on-Tees; we hold 2 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 77390Renting and leasing of other machinery, equipment and tangible goods n.e.c.

Status: Active
Location: Stockton-on-Tees, North East
Age: 33 yrs · since 1993
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 31 Dec 2022

Key figures

Operating leverageBoring industry

Revenue

£84.2k

Growth ▲5.8%

Profit

£18.7k

Growth ▲8%

Profit margin

22.2%

Gross 64.4%

Employees

384

Change ▲0.3%

Profit / employee

£49

Revenue/employee £219

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Dec 2022
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£79.6k	£84.2k
Cost of sales	£27.4k	£29.9k
Gross profit	£52.1k	£54.2k
Operating profit	£27.7k	£23.5k
Profit before tax	£27.8k	£23.5k
Profit after tax	£17.3k	£18.7k
Profit (best available)	£17.3k	£18.7k
Employees (average)	383	384
Ratios
Profit margin	21.8%	22.2%
Gross margin	65.5%	64.4%
Revenue per employee	£208	£219
Profit per employee	£45	£49
Growth (year on year)
Revenue growth	—	▲5.8%
Profit growth	—	▲8%
Headcount growth	—	▲0.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£4.6k	£8.6k
Net assets	£155k	£132k
Fixed assets	£140k	£144k
Current assets	£54.4k	£26.5k
Debtors	£13.1k	£13.8k
Deferred income	£8.8k	£8.5k
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023

Derived from the latest filing

How the business works

Profit margin: 22.2%; Profit ÷ revenue.
Gross margin: 64.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £219; Revenue ÷ average employees.
Profit per employee: £49; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 171.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 10.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 16.4%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▼14%; Now £132k
Cash at bank: ▲86%; Now £8.6k
Headcount: ▲0%; Now 384
Deferred income: ▼3%; Now £8.5k
Fixed assets: ▲3%; Now £144k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Algeco Holdings B.V. (registered outside the UK register)ultimate parent75–100%
Algeco UK Holdings Limited75–100%
Algeco Storage Holdings Limited75–100%
Algeco Storage Limitedthis company

Bands show the share of ownership each company holds in the one below it.

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2022 (profit £18.7k), from the Companies House accounts bulk data published Dec 2023. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.