| Lok'nStore Group PLC | |
| Logo Alt: | Lok'nStore Group PLC Logo |
| Type: | Public |
| Foundation: | 1995 |
| Location: | Farnborough, Hampshire, UK |
| Key People: | Andrew Jacobs (Chair), Ray Davies (Finance Director), Neil Newman (Managing Director), Tom Lampard (Property Director) |
| Industry: | Storage |
| Locations: | 43 (March 2024) |
| Num Employees: | 200+ (2024) |
| Footnotes: | https://cdn.loknstore.co.uk/reports/annual-reports/LoknStore-Annual-Report-2023.pdf |
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]
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.[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]
Registered numbers:
Lok'nStore Limited: 2902717
Lok'nStore Group PLC: 4007169