The Devon self-storage company, Your Super Storage, has expanded and opened a fourth site in the county, with help from leading UK asset finance provider, Ignition.

With three existing storage sites in and around Teignmouth and Totnes, demand for the company’s secure and convenient high-security storage units is continuing to rise, leading to the opening of a fourth site in Galmpton earlier this month.

Truro-based Ignition provides financial support to SMEs via commercial loans for specific business purposes, or by financing a wide range of business assets including vehicles, machinery and equipment. It was able to assist Your Super Storage with finance for 22 new storage units for the new site, worth £65,000.

Managing Director, Andy Bolt, founded Your Super Storage after initially leaving the building trade in 2008 to become a ‘man with a van’ doing delivery work and house clearances, and subsequently launching his own removal company, Devon & Dorset Removals, in 2011. It was while undertaking removals he identified a growing demand amongst house movers for affordable and accessible self-storage solutions.

Andy opened his first site in Riverview Quarry, Totnes, with 10 storage containers, which were almost immediately filled and six more added. From there, he approached Ignition for support in financing a second site at Broadmeadow Lane in Teignmouth in 2017, and subsequently opened a third site in Steamer Quay in Totnes during the covid pandemic, filling all 21 new containers within just 8 weeks. The opening of the Galmpton site brings his total number of storage units to 179, with demand still growing.

Andy Bolt comments:

“Now that remote working has become much more prevalent, there’s been a noticeable influx of people moving out of the cities and seeking the Devonshire coast and countryside, and many need affordable storage solutions while they get settled. At Your Super Storage we offer excellent rates for the safe storage of belongings, with access available at any time of the day or night.

“Our new site at Galmpton provides a much-needed service for people moving in and around the Brixham and Paignton areas, and we anticipate expanding further as demand continues to grow.”

Your Super Storage units are large metal containers lined with integrated air vents and Grafo-therm anti-condensation coating to help keep belongings in good condition. Two sizes are offered, one suitable for the contents of a one-bedroom property, and a larger size for the contents of an average three-bedroom house. All sites boast excellent lighting, comprehensive CCTV surveillance, and are securely locked, with customers provided with security codes so they can access their belongings at any time.

Ross Hyde, Relationship Manager at Ignition, comments:

“It has been a pleasure to help Your Super Storage expand its presence in the English Riviera with container site number four – another critical milestone for the business. Supporting the growth of local businesses is key to our mission, and with Andy’s entrepreneurial spirit, I’m sure Your Super Storage will continue to thrive. I look forward to being on board for the next chapter!”

For further information please visit www.yoursuperstorage.co.uk or www.ignition.credit.co.uk

Ignition’s Business Development Manager, Ele Smith, has recently completed her third year as a volunteer mentor for the Citizenship for Life programme. It involves dedicating a day a month to mentoring a young teenager and helping them develop important life skills.

She comments: “It is hugely rewarding to support a local teenager and help them increase their resilience, self-esteem and confidence. I’m grateful to Ignition and the STAR Group for sponsoring the charity again this year – it’s an excellent cause and makes a real difference to young lives.”

Visit the Citizenship 4 life website here

On Thursday 11 May 2023, the Bank of England announced a 0.25% increase in its base rate from 4.25% to 4.50%, a 15-year high.

While rising interest rates may seem like a deterrent to investing and purchasing new equipment and commercial vehicles on finance, there are still several benefits to consider:

• Financing will allow your business to acquire the necessary equipment and vehicles you need immediately – This will enable you to start utilising the new asset right away, potentially boosting your productivity and revenue.
• Your business can preserve your working capital for other essential business operations, such as investing in new growth opportunities, a marketing campaign, or employing new staff.
• Maintaining your cashflow can provide more flexibility for everyday expenses.
• A fixed repayment structure will allow for better budgeting and financial planning for your business without the worry about fluctuations due to interest rate changes.
• Investing in new equipment will come with new advanced technology, which will not only improve your business’s operational efficiency, but also productivity and competitiveness in your market. The benefits gained from investing in new technology outweigh the impact of rising interest rates in the long run.
• Equipment and commercial vehicles can hold their value and even appreciate over time. This means that even if you are paying interest on the financing, the value of the assets may increase, potentially offsetting the cost of borrowing.

Cash can literally be the lifeline of your business so why not keep hold of it for when you really need it.

Things to be mindful of, non-payment could negatively affect the credit rating of the business and the guarantor and could result in the asset being re-possessed.

Mawnan AFC didn’t just win their Vets League Cup Final in style this month against current cup holders Helston AFC, Ignition made sure they looked super stylish before & after the match too by co-sponsoring special cup final polo shirts in conjunction with one of our customers, Fox Construction Solutions Ltd.

Ignition Credit’s MD Paul Caunter joined his lifelong friend & Director of Fox Construction, Kevin Bate in the Mawnan line up as they triumphed 2-1 to lift the trophy.

“Having both been long-standing players & members of Mawnan AFC we were delighted to sponsor the polos in what was a memorable day for us, the club & the travelling supporters who gave our tired old legs a much needed lift to go on & claim the trophy” Paul commented.

Ignition are pleased to support a local & very well run football club, with Paul’s son Daniel also playing for the main teams now to continue the family connection and wish the club well for their end of season awards evening on Friday where we are sure the seasons successes will be celebrated in style.