What Spectrum Storage Group does

Spectrum Storage Group is a privately held UK holding company (legal entity 'store box mid co.', company number 15748159) that acquires and operates self-storage assets and technology businesses, positioning itself as the UK's leading omnichannel self-storage platform. The group runs two principal sub-brands: Storebox, founded in 2009 and operating 29 automated indoor and container self-storage sites across the UK and Ireland; and LOVESPACE, a collection-and-delivery storage service offering by-the-box storage plus units from 15 sq ft to 250+ sq ft that has cumulatively served over 120,000 customers. The combined stabilized portfolio footprint is approximately 391,730 sq ft (Outer Space Storage Centre Farnworth, My Lock Up, BWI Self Storage and Midland Container Storage) with an additional 111,000 sq ft under development within the My Lock Up estate.

The business model is built around two reinforcing activities. On the buy side, Spectrum acquires stabilized self-storage businesses — single or multi-site indoor and outdoor facilities, on freehold or long leasehold — directly engaging sellers, often on retirement-driven exit paths, and closes transactions quickly using internally committed capital. On the operate side, the group runs an automated, technology-enabled physical storage network (Storebox) alongside a logistics-based pick-up-and-delivery storage service (LOVESPACE), serving both residential customers (moving and storing belongings) and business customers (inventory and operational storage) with recurring rental revenue.

The board of directors comprises Carl August Ameln, Nick Crawford, Ann-Kristin Hartmann, Lasse Høydal and Managing Director Surendra Ragunather, bringing more than 50 years of combined self-storage sector experience. Marketing is minimal and concentrated on LinkedIn; the firm has a sustainability program executed in partnership with Furthr to measure greenhouse gas emissions under the GHG Protocol. The platform has completed four acquisitions since 2023 across the North-West, North-East, East London and West Midlands, signaling a programmatic UK roll-up strategy.

Name

Spectrum Storage Group

Legal name

store box mid co.

Website

https://spectrumstoragegroup.co.uk

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

1–10 employees

Short description

Spectrum Storage Group is a UK private holding company that acquires and operates self-storage businesses through two sub-brands: Storebox (29 automated indoor and container sites across the UK and Ireland) and LOVESPACE (collection-and-delivery storage serving over 120,000 customers). It targets stabilized UK self-storage assets for buy-and-operate consolidation.

Ownership category

akta.pro rank

Product category

Self-Storage Services

NAICS

Lessors of Miniwarehouses and Self-Storage Units (531130)

SIC

Public Warehousing & Storage (4220)

akta.pro primary industry

Standard/Non-Climate Self-Storage (HSAKAGAB)

akta.pro secondary industries

Residential Full-Service Storage (HSAKAHAA), Self-Storage Facility Management & Operations (Third-Party Managed) (HSAKAGAI), Self-Storage Property Management (BPAJAGAM)

Keywords

• Self-storage operations
• Self-storage acquisitions
• Automated storage facilities
• Storage with collection and delivery
• Self-storage platform

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales

Revenue model

1. Self-Storage Rental: The company generates revenue through rental of self-storage units to business and residential customers. Storage units range from 15 sq ft to 250+ sq ft, with additional services such as collection and delivery offered through LOVESPACE brand.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Spectrum Storage Group acquires and operates self-storage assets and technology businesses across the UK and Ireland, positioning itself as the UK's leading omnichannel self-storage platform. Through its wholly-owned sub-brands Storebox (29 automated indoor and container sites) and LOVESPACE (collection/delivery storage service with by-the-box and unit options from 15 sq ft to 250+ sq ft), it provides self-storage solutions to residential and business customers.

Product overview

Spectrum Storage Group operates as an omnichannel self-storage platform that acquires and operates self-storage assets and technology businesses. The company operates two primary sub-brands: Storebox (29 automated indoor and container sites across UK and Ireland) and LOVESPACE (collection/delivery storage with by-the-box and unit options serving over 120,000 customers). The group pursues acquisitions of self-storage businesses while managing its portfolio of properties.

Differentiator

Problem solved

Functional benefit

Products and services

• Storebox
• LOVESPACE

Named customers6 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• FurthrcoreStrategic or Co-development PartnerSpectrum Storage Group partners with sustainability specialists Furthr to measure greenhouse gas emissions in line with the GHG Protocol, covering their operations and supply chain. This partnership enables identification of emission reduction opportunities and tracks progress year on year.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Public Storage: Largest self-storage REIT globally. Relevant scale and operator benchmark, though predominantly US-focused rather than a UK competitor.
• Extra Space Storage: US-listed self-storage REIT and third-largest operator globally. Sets the benchmark for unit economics, technology adoption, and acquisition multiples in the sector.

Emerging players

• Storage King: UK self-storage chain with multiple locations. Comparable mid-market operator competing in similar UK geographies and customer segments.
• Attic Self Storage: London-focused independent self-storage operator. Comparable to acquired assets like BWI (East London) and a potential bolt-on candidate for Spectrum.
• Cube Self Storage: UK independent self-storage operator with a small but growing portfolio. Direct competitor for end customers and a potential acquisition target for Spectrum.

Direct peers

• Access Self Storage: UK self-storage operator with 60+ sites, owned by Squarestone. Direct competitor for the same pool of independent UK acquisition targets.
• Lok'nStore Group: AIM-listed UK self-storage operator with ~40 sites. Mid-market peer with a similar mix of stabilised stores and development pipeline that mirrors Spectrum's growth profile.
• Shurgard Self Storage: European self-storage REIT operating ~270 facilities across seven countries. Comparable on omnichannel operations and asset-light technology overlay, but with broader geographic reach.
• Big Yellow Group: UK's largest dedicated self-storage REIT operating ~110 stores. Direct competitor for both acquisition targets and end-customer storage demand across the UK.
• Safestore Holdings: Largest listed self-storage operator in the UK and Paris, with ~190 stores. Closest direct peer in terms of model, scale, and asset profile.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/spectrum-storage-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Spectrum Storage Group