It all goes flat for Big Yellow

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"What benefits Big Yellow is any sort of movement in the market - with people buying, selling or renovating and needing self-storage, so obviously it is closely tied to the housing market" a spokesman said.

Average occupancy of all stores in the quarter was 1,813,000 sq ft, against 1,822,000 sq ft in the same quarter last year, although there was a slight increase from the March quarter. Income rose 4% to £14.5 million from the previous quarter.

The firm opened a new store in Kennington during the quarter, bringing its total to 48.