Type Public (LSE: SAFE) Operating income Website Official website Founded 1998 | Industry Storage Net income £108.7 million (2015) Headquarters United Kingdom Revenue 104.8 million GBP (2015) | |
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Key people Alan Lewis, [Non-executive Chairman]
Frederic Vecchioli, [CEO] Stock price SAFE (LON) 372.09 GBX -0.11 (-0.03%)27 Mar, 4:50 PM GMT+1 - Disclaimer CEO Frederic Vecchioli (4 Sep 2013–) Profiles | ||
Safestore is the UK’s largest and Europe’s second largest provider of self-storage. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Contents
History
Safestore was founded in the UK in 1998, 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).
In 2004, Safestore acquired Mentmore plc 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.
The company has been listed in the London Stock Exchange since 2007. In April 2013, Safestore was converted into a real estate investment trust (REIT).
Operations
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.