The Lok’nStore Group at a glance

  • 43 trading storage centres
  • 3 stores opening in 2024
  • Over 16,000 customers
  • Over 200 Employees

Lok’nStore Group Plc is one of the leading companies in the fast-growing UK self storage market. We opened our first store in 1995 and have grown consistently over the last 29 years, currently with 43 stores trading mainly in Southern England. We have been listed on the AIM Market since June 2000 and the board accounts for 3.04% of the Total Voting Rights (TVR) in the ordinary shares of the Company.

We offer self storage from our own stores and management services to third-party owners. Self storage and other services are available to both household and business customers at our highly branded Lok’nStore centres.

Exterior of orange Loknstore storage centre.

Lok’nStore’s Opportunity in the Market

The Self Storage Association UK (SSA UK) Annual Industry Survey 2021 notes that public awareness of and demand for self storage is increasing. We know that on average, customers choose a store within five miles of their home or business. With a pipeline of secured stores and a continuing program of evaluating further site opportunities, Lok’nStore is well-placed to attract these customers and add further momentum to the growth of our sales and profits.

Combining the Group’s competitive strengths (recognised brand, excellent customer service, rigorous cost control) and the attractive market dynamics of the storage sector (growing sector, undersupply, resilience during an economic downturn) with our strong balance sheet and flexible operating and ownership model (see our portfolio strategy), we believe Lok’nStore can take advantage of the opportunities presented and continue its growth without significantly increasing risk.

Exterior of LoknStore in Maidenhead.

Our Business Model

Our overriding objective is to steadily increase the Cash Available for Distribution (CAD), enabling a predictable growth of the dividend from a solid asset base and conservatively geared balance sheet.

What we do

How we create value

Sharing value with our stakeholders

  • Buy (or lease) prominent sites
  • Build (or refurbish) landmark, highly visible orange storage centres
  • Offer clean, dry, secure storage to business and household customers
  • Offer managed storage services to third-party owners

  • Take a flexible approach to site selection
  • Increase our asset base
  • Careful cost control
  • Drive store EBITDA growth through a closely managed occupancy and pricing strategy
  • Earn fees from managing stores on behalf of others
  • Carefully balanced use of Leverage
  • Shareholders
  • High-quality earnings
  • Growing NAV
  • Progressive dividend policy

  • Customers
  • Easy-to-locate stores
  • Friendly and high-level customer service
  • Wide range of storage solutions
  • Transparent and open contracts

  • Our people
  • Development opportunities through the Lok’nStore Academy
  • Regular opportunities for career progression through our rapidly expanding store portfolio
  • Uncapped bonus scheme for all
  • Share ownership plans
  • Strong health and safety approach
  • All data correct 1st March 2024.