Self-storage business secures seven-figure funding support
North Yorkshire businessman Kevin Doyle has received a seven-figure funding package from Allied Irish Bank (GB) to support the expansion of his business My Lock Up.
The company is responding to increased demand for business and household self-storage facilities. It has increased its number of sites to 11, with three new builds programmed in for this year taking the total to 14, located across Yorkshire and the North East.
My Lock Up was founded in 1996 by Doyle when he opened a small facility in Topcliffe, North Yorkshire in July 2008.
He was inspired to set up the business after using self-storage facilities in Alaska in 1996.
In 2014 he received additional support from his old friend Tim Slade, co-founder of the Fat Face clothing brand, and since then the business has expanded significantly.
Its sites are in Topcliffe, Scarborough, Northallerton, Bishop Auckland, Bridlington, Knaresborough, Catterick, Chester Le Street, Cayton, Boston and Darlington.
My Lock Up currently has over 120,000 sq ft of self-storage space available for let and this will almost double by the end of the year. All the facilities are indoor rooms with full security.
Doyle said: “Allied Irish Bank (GB) have been very supportive of us over the years, through two recessions and now Covid-19.
“We now have a portfolio of three industrial estates and 14 self-storage sites, none of which would have been possible without their support.”
Siobhan McGarry, relationship manager at Allied Irish Bank (GB) in Leeds, added: “I have worked with My Lock Up for many years and I continue to be impressed with Kevin’s achievements.
“Kevin is very passionate about what he does and has worked extremely hard to build the business to where it is today.
“Despite the challenges brought by the COVID-19 pandemic the business continues to thrive.
“I see a very bright future ahead as the business expands with further new sites across North Yorkshire and the North East.
“It is fantastic to see a local business realise such success in these challenging times and I am delighted to provide further funding to support the expansion plans.”