PUNT OF THE WEEK: Self-storage group Lok’n’Store 

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PUNT OF THE WEEK: Lok’n’Store is one of the UK’s biggest self-storage groups with more than 30 sites

By Daily Mail City & Finance Reporter

Published: | Updated:

WHAT IS IT? Lok’n’Store is one of the UK’s biggest self-storage groups with more than 30 sites, most of which are in the South East. 

It was founded in 1995 and admitted to AIM in 2000. 

WHAT’S THE LATEST? Revenue at branches open for more than a year was up 7 per cent in the first half of the financial year, the firm revealed last month.  It has a pipeline of 15 new sites. 

WHO BACKS IT? Founder and chief executive Andrew Jacobs, a former stockbroker, is the largest shareholder with 17.6 per cent of the stock. 

Institutional backers include Premier Asset Management, Canaccord Genuity Wealth Management and Slater Investments. 

WHY SHOULD YOU INVEST? Rival Big Yellow Group this week said it had seen a surge in demand since the outbreak of coronavirus. 

Lok’n’Store is likely to see a similar trend. And why you shouldn’t It’s possible that construction of new sites could be disrupted amid the outbreak. 

And the firm is not followed by many analysts, which could make it difficult to find outside assessments from brokers. 

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