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Lok'nStore

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Provider of self storage space in the UK

This article may have been created or edited in return for undisclosed payments, a violation of Misplaced Pages's terms of use. It may require cleanup to comply with Misplaced Pages's content policies, particularly neutral point of view. (January 2022)
This article's factual accuracy may be compromised due to out-of-date information. The reason given is: Lok'nStore has been sold to Shurgard; all locations were transferred on 1 August 2024. Please help update this article to reflect recent events or newly available information. (August 2024)
Lok'nStore Group PLC
Lok'nStore Group PLC LogoLok'nStore Logo
Company typePublic
Traded asLSE: LOK
IndustryStorage
Founded1995
HeadquartersFarnborough, Hampshire, UK
Number of locations43 (March 2024)
Key peopleAndrew Jacobs (Chair),
Ray Davies (Finance Director),
Neil Newman (Managing Director),
Tom Lampard (Property Director)
Revenue
  • Increase £25.3 million. Up 12.1% (2022: £22.5 million)
Number of employees200+ (2024)
Websitewww.loknstore.co.uk
Footnotes / references
https://cdn.loknstore.co.uk/reports/annual-reports/LoknStore-Annual-Report-2023.pdf

Lok'nStore Group PLC is a provider of self storage space in the UK. The company rents individual, storage units to both business and domestic / household customers. Lok'nStore has been listed on the Alternative Investment Market (AIM) since June 2000.

History

Lok'nStore was founded in February 1995 from one freehold store in Horsham, by Andrew Jacobs. Five years later, in May 2000, the business became a public company known as Lok'NStore Group PLC.

In 2003, the company received a takeover approach valued at around £33m, which was rejected by the Board. The company received a further takeover approach in 2009, which also did not proceed.

In December 2018, the company purchased the existing storage business 'The Box Room' in Hedge End, Southampton. The Box Room building was then rebranded as an orange Lok'nStore centre.

In February 2019, Lok'nStore Group PLC sold a document-storage business, Saracen Datastore Ltd, to Iron Mountain UK PLC for £7.6 million in order to pay down debt and help fund future acquisition and development plans.

References

  1. Lok'n Store Limited and Lok'n Store Group PLC are limited companies registered in England and Wales. Registered numbers: Lok'nStore Limited: 2902717 Lok'nStore Group PLC: 4007169
  2. ^ "About Lok'nStore | Lok'nStore". Lok'nStore. Retrieved 3 March 2024.
  3. "LOK'N STORE GROUP PLC LOK STOCK | London Stock Exchange". London Stock Exchange. Retrieved 3 March 2024.
  4. "LOK'N STORE GROUP PLC overview - Find and update company information - GOV.UK". Find and update company information | GOV.UK. Retrieved 3 March 2024.
  5. Foley, Stephen. "Lok'n Store shares soar on bid approach". Retrieved 17 December 2019.
  6. "Site revaluation holds key to Lok'nStore's future". Independent.co.uk. 22 March 2004.
  7. "End of Offer Period" (PDF). London Stock Exchange. 21 July 2009. Retrieved 3 March 2024.
  8. "THE BOX ROOM (SELF STORAGE) LTD persons with significant control - Find and update company information - GOV.UK". Find and update company information | GOV.UK. Retrieved 3 March 2024.
  9. "Strategic Disposal" (PDF). Lok'nStore Group PLC. 1 February 2019. Retrieved 3 March 2024.
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