The UK’s largest self-storage group has hailed a “good performance” in the first half of its financial year as it delivered double-digit growth in pre-tax profits. Frederic Vecchioli, chief executive of Borehamwood-headquartered Safestore, said the initiatives taken over the last 18 months to enhance operational performance are now reflected in “sustained and improved trading”. He…
THE third and largest self storage centre in Yorkshire from removals firm McCarthy’s has opened after a £2m investment in its purchase and renovation. McCarthy’s Removals and Storage acquired the former Magnet kitchen showroom on Kirkgate in Wakefield, which has been unoccupied for five years. The 40,000 sq ft development has created four jobs, and…
A family-owned removals business is marking 45 years’ trading after continuing to grow through the economic crisis. McCarthy’s Removals and Storage survived the housing crash and avoided redundancies to grow to a £3.5m turnover in 2014. The company has grown from a traditional home-moving business to include office removals, business services such as secure document…
The self-storage industry is benefitting from an increasingly diverse customer base, while investors have enjoyed stable income and low volatility. From people moving house to downsizing businesses needing storage space, self-storage units are used for a wide range of purposes, including housing personal belongings, furniture and excess stock. Read more at; Self Storage: Locking up…
Confidence in the UK housing market has fallen slightly despite the fact that interest rates were held again and average house prices continued to increase. According to the latest monthly Halifax Housing Market Confidence Tracker the headline House Price Outlook balance, that is the difference between the proportion of people across Britain that expect the…
Self storage provider Big Yellow Group saw its annual pre-tax profit rise, with revenue boosted by higher prices and improved occupancy rate. Pre-tax profit for the 12 months to 31 March surged 75.9% year-on-year to £105.2m, while revenue rose 17% to £84.3m FTSE 250-listed Big Yellow said. See more at: Big Yellow Group annual profits rises…
Manchester-based storage provider FLEXiSPACE has had a 60% increase in new business so far in 2015 (compared to 2014) and as a result is now embarking on a £400,000 expansion of its premises on Ashton Old Road, Manchester. Marc Studholme, Managing Director of FLEXiSPACE, explained: “This is the third phase of development at our Ashton…
Self-storage provider Space Station has expanded its presence with a new base in south Birmingham. The Slough-based company has acquired Storage Corporation, in Kings Heath, making it the firm’s sixth depot and first outside of the South East. The premises will undergo a phased refurbishment programme which is expected to be completed early next year…
Lok’nStore Group PLC shares rose early Monday after it reported strong growth in profit and revenue in the first half of its financial year, driven by strong demand for its growing number of self-storage units and higher sales of document storage. The company reported a pretax profit of GBP1.5 million for the six months to…
Turns out the only thing Americans may love more than Big Macs is hoarding. There are more self-storage facilities in America than there are McDonald’s restaurants, according to a recent report from the commercial real estate publication REJournals. There were 48,500 self-storage facilities in America at the end of 2014, Curbed points out, compared to…
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