Annual Report and Accounts 2025
Building for the future...
We are the UK’s brand leader in self storage driven by our portfolio of modern, purpose built stores in high profile locations across the UK.
We are committed to growing a sustainable and responsible business through innovation in our stores and with a continual investment in our people to deliver exceptional customer service.
Chairman's Statement
Big Yellow Group PLC (“Big Yellow”, “the Group” or “the Company”), the UK’s brand section-leader in self storage, is pleased to announce its results for the year ended 31 March 2025.
We have delivered a resilient operating performance in the year to March, with occupancy stabilised and further growth in net rents. This resulted in a 3% increase in store revenue, and a return to adjusted eps growth for the year. We are pleased to have delivered a significant reduction in like-for-like store operating expense inflation from 10% in the first half of the year to 4% in the second half. Additionally, given our flexible hedging strategy, the Group has benefited from a 9% fall in annual interest expense from the previous year.
Strategic Report
Our strategy from the outset has been to develop Big Yellow into the market-leading self storage brand, delivering excellent customer service, investing in sustainability and our market-leading operating platform and digital channels, with a great culture and highly motivated employees.
Governance
The Company is committed to the principles of corporate governance contained in the UK Corporate Governance Code issued by the Financial Reporting Council in 2018.