Algeco reported a modest increase in turnover to £229m for the year ended December 31, 2025, compared with £221m in the previous year. However, its pre-tax losses widened to £31.8m from £25.1m.
The company incurred several exceptional costs during the year, including £16.5m in restructuring expenses, which contributed to the financial losses.
The last major restructuring programme publicly announced by Algeco took place in 2023, when its recently acquired Mobile Mini UK operation was integrated into a single business under the main Algeco brand.
Algeco acquired Mobile Mini, which had an annual turnover of £80m and employed 375 people, in late 2022.
The latest financial accounts show that Algeco employed 1,039 people in 2025, down from 1,201 employees in 2024.
Despite the reduction in its workforce, the company’s total staff wages and salaries increased to £55m from £48.6m during the year.
Algeco operates as part of Modulaire Group, which is owned by investment funds managed by Brookfield Business Partners.
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