LOVESPACE has been collecting and taking care of hundreds of thousands of items since 2012. The company, founded by entrepreneurs Brett Akkar and Steve Folwell, is the UK’s first storage by the box service, offering collection and delivery nationwide. It’s an award-winning, convenient and cheap alternative to self-storage.
Like other shared economy business models such as Uber or Airbnb, LOVESPACE uses technology to connect its customers with ‘pay-as-you-store’ storage space. Customers book storage space online and LOVESPACE shows up at the door to collect the items to be stored at one of the company’s secure, video-camera monitored warehouses. When the owner is ready to retrieve the items, the LOVESPACE delivery team will return them to their new home. LOVESPACE has now partnered with 30+ universities across the UK to provide students with simple storage solutions and has recently expanded its services to include e-fulfillment and storage of larger items such as furniture. LOVESPACE’s business is growing at a phenomenal rate. In the last three years, revenues have soared from £300,000 to £2.4M. This growth is made possible in part by the company’s flexible warehouse strategy and innovative in-house technology which allows LOVESPACE to quickly plug in courier partners and scale up rapidly.