Lok'nStore

Last updated

Lok'nStore Group PLC
Company type Public
LSE:  LOK
Industry Storage
Founded1995
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
  • Increase2.svg £25.3 million. Up 12.1% (2022: £22.5 million)
Number of employees
200+ (2024)
Website www.loknstore.co.uk
Footnotes /references
https://cdn.loknstore.co.uk/reports/annual-reports/LoknStore-Annual-Report-2023.pdf

Lok'nStoreGroup 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]

History

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]

Related Research Articles

<span class="mw-page-title-main">ScottishPower</span> Scottish energy company

Scottish Power Limited, trading as ScottishPower, is a vertically integrated energy company based in Glasgow, Scotland. It is a subsidiary of Spanish utility firm Iberdrola.

<span class="mw-page-title-main">Ocado</span> British online supermarket

Ocado Group plc is a British business based in Hatfield, England, which licenses grocery technology. It also owns a 50% share in the UK grocery retail business Ocado.com. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Centrica plc is a British multinational energy and services company with its headquarters in Windsor, Berkshire. Its principal activity is the supply of electricity and gas to consumers in the United Kingdom and Ireland.

<span class="mw-page-title-main">Kelda Group</span> Parent company of Yorkshire Water

Kelda Group Limited is a British utility company. It is based in Bradford, England. It was formerly listed on the London Stock Exchange and a constituent of the FTSE 100 Index, but was taken private by a group of investors, Saltaire Water, in 2008. Saltaire Water members include CitiBank and HSBC Holdings.

Bodycote plc is a supplier of heat treatments, metal joining, hot isostatic pressing and coatings services. Based in Macclesfield, United Kingdom, it is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

<span class="mw-page-title-main">Ashtead Group</span> British industrial equipment rental company

Ashtead Group Public Limited Company is a British industrial equipment rental company based in London, England. It is listed on the London Stock Exchange as a constituent of the FTSE 100 Index.

<span class="mw-page-title-main">Big Yellow Group</span> British self-storage company

Big Yellow Group plc is a self-storage company based in Bagshot, England. It is the largest self-storage company in the United Kingdom and is a constituent of the FTSE 250 Index and listed on the London Stock Exchange. Big Yellow has the highest brand awareness in the sector.

Informa plc is a British publishing, business intelligence, and exhibitions group based in London, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

<span class="mw-page-title-main">Howdens Joinery</span>

Howden Joinery Group Plc is the multinational parent company for the Howdens Joinery business (Howdens) based in London, England. It is a supplier of kitchens and joinery products to the building trade. It is listed on the London Stock Exchange, and is a constituent of the FTSE 100 Index.

Investec is an Anglo-South African international banking and wealth management group. It provides a range of financial products and services to a client base in Europe, Southern Africa, and Asia-Pacific.

<span class="mw-page-title-main">Morgan Sindall</span> British Construction & Regeneration group company

Morgan Sindall Group plc is a leading British Construction & Regeneration group, headquartered in London employing around 6,700 employees and operating in the public, regulated and private sectors. It reports through six divisions of Construction & Infrastructure, Fit Out, Property Services, Partnership Housing, Urban Regeneration and Investments. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

<span class="mw-page-title-main">London Stock Exchange Group</span> British financial services company

London Stock Exchange Group plc, also known as LSEG, is a global provider of financial markets data and infrastructure. Headquartered in the City of London, England. It owns the London Stock Exchange, Refinitiv, LSEG Technology, FTSE Russell, and majority stakes in LCH and Tradeweb.

Cranswick plc is a leading UK food producer and supplier of premium, fresh and added-value food products. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Merit Group plc is a British publishing holding company founded in 2001. Its largest shareholder is the Conservative politician and businessman Lord Ashcroft. It was formerly known as Huveaux plc and then as Dods Group plc (2010–2021).

Safestore is the UK’s largest and Europe’s second largest provider of self-storage. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Paysafe Limited is a multinational online payments company. Paysafe offers payment processing, digital wallet and online cash systems to businesses and consumers, with particular experience of serving the global entertainment sectors. The group offers services both under the Paysafe brand and subsidiary brands that have become part of the group through several mergers and acquisitions, most notably Neteller, Skrill, SafetyPay, PagoEfectivo, Paysafecash and paysafecard.

Saietta Group PLC is a UK-based global engineering business specialising in the design, development, and supply of complete powertrains for electric vehicles (EVs) including scooters, buses, and marine applications.

Octagonal plc is a holding company headquartered in London. The company is listed on the London Stock Exchange and is a constituent of the FTSE AIM All-Share Index. Octagonal currently has a 100% stake in Global Investment Strategy UK Ltd or 'GIS'.

<span class="mw-page-title-main">IXICO</span> UK biotech company

IXICO plc is a UK clinical research firm that provides neuroimaging and digital biomarker analytics to biopharmaceutical firms conducting clinical trials into neurological diseases such as Alzheimer's disease (AD) and Huntington's disease (HD).

FIMBank is the fifth largest Bank in Malta and a public limited company founded in 1994. It is listed on the Malta Stock Exchange. FIMBank is a part of KIPCO Group.

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. 1 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.