Safestore

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Safestore Holdings plc
Public
Traded asLSESAFE
IndustryStorage
Founded1998
HeadquartersBorehamwood, Hertfordshire, UK
Key people
Alan Lewis, (Chairman)[1]
Frederic Vecchioli, (CEO)[2]
Revenue£129.9 million (2017)[3]
£109.6 million (2017)[3]
£78.3 million (2017)[3]
Websitewww.safestore.co.uk

Safestore is the UK’s largest and Europe’s second largest provider of self-storage.[4][5] It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History[edit]

Safestore was founded in the UK in 1998,[6] and floated on the Alternative Investment Market that year. In 2003, the company delisted from the Alternative Investment Market after a Bridgepoint-backed £39.8 million Management Buyout led by Steve Williams (Chief Executive at the time).[7]

In 2004, Safestore acquired Mentmore plc[8] for £209 million who were trading under the ‘Spaces’ brand in the UK and as the ‘Une Pièce en Plus’ (UPEP) brand in France. UPEP were co-founded in 1998 by the current Safestore Group CEO Frederic Vecchioli.[9] The company has been listed in the London Stock Exchange since 2007.[10] In April 2013, Safestore was converted into a real estate investment trust (REIT).[11]

Operations[edit]

Their principal operations are located in the UK, where it has 95 stores including two business centres and a further 24 stores in Paris trading as Une Pièce en Plus. In addition, there are 12 Space Maker stores under management.[12][13][14][15]

References[edit]

  1. ^ "Alan S. Lewis". Businessweek.com. Retrieved 3 June 2015.
  2. ^ "FE Investegate -Safestore Hldgs plc Announcements - Safestore Hldgs plc: Directorate Change". investegate.co.uk. Retrieved 3 June 2015.
  3. ^ a b c "Annual Report 2017" (PDF). Safestore. Retrieved 29 March 2018.
  4. ^ "Investors' Room :: Safestore Plc - MoneyAM - Free Share Prices, Stock Quotes, Charts, News, Level2". moneyam.com. Retrieved 3 June 2015.
  5. ^ "Safestore Holdings plc - Shareholders approve REIT". hemscottir.com. Retrieved 3 June 2015.
  6. ^ Soros makes a loss in Safestore's £40m management buyout Independent – 22 August 2003
  7. ^ "Bridgepoint / Safestore to IPO at 240p per share". bridgepoint.eu. Retrieved 3 June 2015.
  8. ^ "Experts Put Safestore on Track for Expansion". highbeam.com. Retrieved 3 June 2015.
  9. ^ "Directorate Change". londonstockexchange.com. Retrieved 3 June 2015.[permanent dead link]
  10. ^ "SAFESTORE HOLDINGS PLC ORD 1P - London Stock Exchange". londonstockexchange.com. Archived from the original on 3 June 2015. Retrieved 3 June 2015.
  11. ^ "SAFE". Interactive Investor. Retrieved 3 June 2015.
  12. ^ "FE Investegate -Safestore Hldgs plc Announcements - Safestore Hldgs plc: Notice of Results". investegate.co.uk. Retrieved 3 June 2015.
  13. ^ "Safestore Holdings Plc's "Buy" Rating Reiterated at Numis Securities Ltd (SAFE) - Ticker Report". Ticker Report. Retrieved 3 June 2015.
  14. ^ "Change of Auditor". londonstockexchange.com. Retrieved 3 June 2015.
  15. ^ "Self Storage – opportunity or threat to movers?". themover.co.uk. Retrieved 3 June 2015.

External links[edit]