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National Expansion Plans for North East Storage Specialist with New Franchising Scheme

A North East storage company has announced plans to expand nationwide as it launches a new franchise programme. U Hold The Key, based in Stockton-on-Tees, said that it has seen a “surge in demand” for self storage throughout the pandemic and has accelerated the development of its franchise plans in response. Looking Forward The company, which is a division of Parsons Containers Group, said that it expects to open its first franchised site this summer, and will expand into new territories with the scheme. It reported a 15 per cent…

Padlock Partners UK Fund II Files Preliminary Prospectus for Initial Public Offering

Padlock Partners UK Fund II announced today that it has filed with the securities commissions or similar authorities in each of the provinces and territories of Canada, and obtained a receipt for a preliminary prospectus for an initial public offering of trust units. The preliminary prospectus qualifies the distribution of a minimum of C$20 million and a maximum of C$40 million of Class A Units, Class F Units, Class C Units and/or Class U Units of the Trust at a price of C$10.00 per Class A Unit, Class F Unit…

UK Self Storage Operator Lok’nStore Releases Pre-Close Financial Results for First Half of Fiscal 2021

Lok’nStore, the fast-growing AIM listed self storage company, is pleased to provide the following update on trading in the half year to 31 January 2021. Under government COVID-19 rules, self storage businesses have been designated as essential services and are permitted to operate during the lockdowns. We provide storage solutions for many customers in essential services including health care, emergency services and food distribution. Self storage is an increasingly integral part of the logistics system within the UK with around 32% of our business coming from commercial customers, many of…