Document Storage, Market Concentration and the importance of Independent Operators
At a time when the business practices of UK Document Storage companies are under scrutiny, the coming together of The Hill Company and L&R Storage means that UK Document Storage now has a well-resourced independent alternative to the big three.
The three largest players in UK document storage are Iron Mountain – a US multi-national, Restore plc – a listed UK player, and private-equity owned Oasis Records Management. It’s estimated that these three have over half the market. This, and some concern from customers about (possible!) unfair practices, has drawn the attention of the Competition and Markets Authority.
The Hill Company and L&R Storage offer an alternative. Both are fully-owned subsidiaries of HW Coates, a £250m+ asset private company with a rock-solid balance sheet and a record of long-term development. The recent coming together of Hill and L&R unites the two largest independents in the market to offer a credible, straightforward, high-service alternative to the three market “whales”.
The Hill Company’s strategy is the same as L&R’s. We provide a second-to-none service, at a fair price, now and for the future.
