Lok'nStore Group PLC[1] 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.[2][3]
Company type | Public |
---|---|
LSE: LOK | |
Industry | Storage |
Founded | 1995 |
Headquarters | Farnborough, Hampshire, UK |
Number of locations | 43 (March 2024) |
Key people | Andrew Jacobs (Chair), Ray Davies (Finance Director), Neil Newman (Managing Director), Tom Lampard (Property Director) |
Revenue |
|
Number of employees | 200+ (2024) |
Website | www |
Footnotes / references https://cdn.loknstore.co.uk/reports/annual-reports/LoknStore-Annual-Report-2023.pdf |
Lok'nStore was founded in February 1995 from one freehold store in Horsham, by Andrew Jacobs.[2] Five years later, in May 2000, the business became a public company known as Lok'NStore Group PLC.[4]
In 2003, the company received a takeover approach valued at around £33m, which was rejected by the Board.[5][6] The company received a further takeover approach in 2009, which also did not proceed.[7]
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.[8]
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.[9]
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