Safestore Holdings

Safestore is the UK’s largest self-storage group with 134 stores. They include 97 wholly owned stores in the UK including 58 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool and Bristol, together with 12 Space Maker stores under management in the UK and 25 wholly owned stores in the Paris region. Safestore was founded in the UK in 1998. It acquired the French business “Une Pièce en Plus” in 2004 which was founded in 1998 by the current Safestore Group CEO Frederic Vecchioli. Safestore has been listed in the London Stock exchange since 2007. The Group provides storage to almost 46,000 personal and business customers. Safestore (excluding Space Maker) has a maximum lettable area (“MLA”) of 5.1 million sq ft (excluding the expansion pipeline stores) of which 3.32 million sq ft is currently occupied. Safestore employs around 550 people in the UK and France.
Borehamwood, GB
Size (employees)
545 (est)+4%
Safestore Holdings was founded in 1998 and is headquartered in Borehamwood, GB

Safestore Holdings Office Locations

Safestore Holdings has an office in Borehamwood
Borehamwood, GB (HQ)
Britannic House Stirling Way

Safestore Holdings Data and Metrics

Safestore Holdings Financial Metrics

Safestore Holdings's revenue was reported to be £115.4 m in FY, 2016 which is a 10% increase from the previous period.
£, GBP

Revenue (FY, 2016)

115.4 m

Revenue growth (FY, 2015 - FY, 2016), %


Gross profit (FY, 2016)

74.5 m

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

87.4 m

Market capitalization (23-Jun-2017)

900.6 m

Closing share price (23-Jun-2017)


Cash (31-Oct-2016)

5.4 m
Safestore Holdings's current market capitalization is £900.6 m.
£, GBPFY, 2013FY, 2014FY, 2015FY, 2016


96.1 m97.9 m104.8 m115.4 m

Revenue growth, %


Cost of goods sold

31.8 m32.3 m32.2 m40.9 m

Gross profit

64.3 m65.6 m72.6 m74.5 m

Gross profit Margin, %


Operating expense total

(4.9 m)(10 m)(61.6 m)(34.8 m)

Pre tax profit

52.4 m118.2 m94.9 m

Net Income

46.8 m108.7 m87.4 m
£, GBPFY, 2014FY, 2015FY, 2016


15.3 m13.8 m5.4 m

Accounts Receivable

8.7 m9.6 m11.2 m

Current Assets

36.2 m33.4 m28.6 m


768.6 m834.3 m1 b

Total Assets

804.8 m867.7 m1.1 b

Accounts Payable

7 m7.3 m7.3 m

Current Liabilities

49.7 m44.4 m53.8 m

Retained Earnings

34.3 m91.5 m66.1 m

Total Equity

408 m490.6 m587.4 m

Financial Leverage

2 x1.8 x1.8 x
£, GBPFY, 2014FY, 2015FY, 2016

Cash From Operating Activities

31.4 m41.4 m47 m

Cash From Financing Activities

(67.9 m)(37.7 m)12.4 m

Income Taxes Paid

(5.6 m)(9.5 m)(7.5 m)
Y, 2016

Financial Leverage

1.8 x

Safestore Holdings Market Value History

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