ALGECO UK LIMITED
Company number: 00147207
Reporting period:
1 January 2025 to 30 June 2025
Report filed on:
6 November 2025
Approved by:
Mr Ceredig Jones
Payment statistics
Average time taken to pay invoices: 47 days
Total value paid:
- within 30 days: £30,814,966 (34%)
- in 31 to 60 days: £28,802,625 (32%)
- in 61 days or more: £31,603,513 (35%)
Invoices paid:
- within 30 days: 34%
- in 31 to 60 days: 31%
- in 61 days or more: 35%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £48,377,958
- payments due in the reporting period which have not been paid within the agreed period: 65%
- not made in the reporting period due to a dispute: 22%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
90 days
Standard payment terms
Calendar month plus 30 or 60 days End of Month
Were there any changes to the standard payment terms in the reporting period?
Transitioned maximum payment terms to end of month + 60 days from 60 days
Were suppliers notified or consulted about these changes before they were made?
Notified by Procurement team ahead of terms transition - terms extension applied to suppliers who agreed, and applied after a notice period.
Maximum contractual payment period agreed
90 days
No further comment provided
Any other information about payment terms
Our payment terms have been agreed with our suppliers and demonstrate our commitment to sustainable business practises. We pay in accordance with the agreed payment terms subject to normal trading queries and the timing of our payment runs. In this period we changed terms for a number of suppliers to our standard 60 days end of month by mutual agreement
Dispute resolution process
Where a query on an invoice is identified, normally as a result of it differing to the purchase order or goods receipt note, this is referred back to the order originator with instruction to discuss and resolve the query with the supplier as soon as is practicable. Queries are profiled to be resolved in a timely manner. Targeted supplier statement reconciliations are carried out, by dedicated account managers, to ensure the completeness of the invoices we have received.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No