LOVESPACE Company Market Research Report

Company Overview

• Name: LOVESPACE

• Mission of the Company: LOVESPACE aims to provide flexible self-storage and removals services across the UK, helping customers with storage needs ranging from university transitions to home moves and everyday decluttering.

• Founding and History: LOVESPACE was founded in 2011 as the UK’s first storage by-the-box service. It was established by Brett Akker, an entrepreneur behind the former car-sharing company, Streetcar, and Carl August Ameln, the founder of City Self Storage. In 2013, Steve Folwell joined as Managing Director, further expanding the company’s services.

• Key People:

• Will Edwards, CEO

• Michael Mitchell, COO

• Emily Snape, Growth Director

• Jordan Smith, Head of Finance

• Headquartered: LOVESPACE is headquartered at 5th Floor, 167-169 Great Portland Street, London, W1W 5PF.

• Number of Employees: Over 30 employees.

• Revenue: No information is available.

• Known For: LOVESPACE is known for disrupting the traditional self-storage market with its innovative by-the-box pricing model, flexible service options, and nationwide collection and delivery across the UK.

Products

1. Storage By-the-Box

• Description: This service allows customers to store boxes and suitcases with collection and delivery.

• Key Features:

• Storage from as little as £3.25 per month.

• Suitable for students and individuals requiring extra space.

• Easy online booking and management.

2. Storage Units

• Description: LOVESPACE provides storage units for larger items such as furniture and appliances, offering flexibility in space usage.

• Key Features:

• Prices start from £69 per month with scalable storage from 15 sq ft to over 200 sq ft.

• Secure, insured storage facilities open 24/7.

3. Removals

• Description: Professional removals services for home and business transitions.

• Key Features:

• Pricing starts at £199 with quick online quoting.

• Includes packing and disassembling when required.

4. Additional Services

• Shipping: Allows shipping within the UK in three working days.

• Packing: Offering professional packing services.

• Materials: Provides packing materials for customers' convenience.

• Self Storage: Customers can book their own units across 13 locations.

Recent Developments

• New Products and Services:

• LOVESPACE launched full-service storage units in 2021 for bulkier items.

• Introduced drive-up storage points across London in 2022, with plans for national expansion.

• Launched a removals service, catering to renters, homeowners, and businesses.

• Recent Features and Innovations:

• Introduction of LOVESPACE Lockers in 2022, enabling super convenient drop-off points throughout London.

• Expansion of 'virtual' storage units in 2020, enhancing digital service offerings.

• Partnerships and Collaborations:

• Partnerships with universities to offer flexible and affordable storage solutions for students, noted by testimonials from figures such as Billy Bristow of Unite Students and Barbara Ashcroft of Queen Mary University.

This detailed report encapsulates LOVESPACE's evolution, service offerings, and recent strategic advancements that position it as a leading name in the UK's self-storage and removals industry.