OverviewSuggest Edit

Workspace aims to be the first choice for new and growing businesses seeking a base in London. We create unique environments that enable businesses to have the freedom and opportunity to thrive. We host the capital’s leading business communities, we help connect them, understand what drives them and use our expertise to champion their cause. Our customers are at the heart of London’s real economy and we provide them with the right space and services to help them grow. HOW WE ENABLE BUSINESSES TO GROW FASTER… THE RIGHT SPACES We provide the right types of business space tailored to our customers’ needs and offer flexible terms. EVENTS We offer networking events in many of our centres that provide opportunities for meeting like-minded businesses, swapping ideas and generating contacts. WORKSPACE NETWORK We help connect customers to each other, resulting in high levels of inter-trading. Workspace Network enables our customers to network, promote their business and seek business advice. CLUB WORKSPACE We understand our customers and have launched Club Workspace, a network of creative co-working hubs based in our business centres. VIRTUAL WORKSPACE For businesses who aren’t yet ready to take physical space but would enjoy feeling part of an innovative business community in central London locations we can offer virtual business space.
TypePublic
Founded1987
HQLondon, GB
Websiteworkspace.co.uk

Latest Updates

Employees (est.) (Sept 2017)206
Revenue (FY, 2019)£149.4 M(+16%)
Share Price (Sept 2020)£5.1 (-2%)
Cybersecurity ratingAMore

Key People/Management at Workspace Group

Angus Boag

Angus Boag

Development Director
Richard Swayne

Richard Swayne

Investment Director
Graham Clemett

Graham Clemett

Chief Executive Officer & Board Member
Chris Pieroni Ba

Chris Pieroni Ba

Operations Director
Carmelina Carfora

Carmelina Carfora

Company Secretary
John Robson Ba

John Robson Ba

Asset Management Director
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Workspace Group Office Locations

Workspace Group has an office in London
London, GB (HQ)
Canterbury Court, 1-3 Brixton Rd, Vassal
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Workspace Group Financials and Metrics

Workspace Group Revenue

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Workspace Group's revenue was reported to be £149.40 m in FY, 2019
GBP

Revenue (FY, 2019)

149.4m

Gross profit (FY, 2019)

111.0m

Gross profit margin (FY, 2019), %

74.3%

Net income (FY, 2019)

137.3m

EBITDA (FY, 2019)

163.3m

EBIT (FY, 2019)

161.9m

Market capitalization (21-Sept-2020)

914.6m

Closing stock price (21-Sept-2020)

5.1

Cash (31-Mar-2019)

26.7m
Workspace Group's current market capitalization is £914.6 m.
GBPFY, 1997FY, 1998FY, 1999FY, 2000FY, 2001FY, 2002FY, 2003FY, 2004FY, 2005FY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

17.1m21.2m22.7m29.3m36.2m39.1m45.0m51.1m55.0m63.2m61.0m66.9m69.8m66.5m68.8m67.3m69.5m73.6m83.6m101.2m108.8m128.9m149.4m

Revenue growth, %

14%21%

Cost of goods sold

5.3m6.1m6.1m7.6m10.3m11.2m12.9m14.2m14.1m16.8m18.3m19.8m22.4m22.1m22.9m22.5m22.4m23.3m25.9m27.1m29.6m33.3m38.4m

Gross profit

11.8m15.1m16.7m21.7m26.0m27.9m32.0m36.8m40.9m46.4m42.7m47.1m47.4m44.4m45.9m44.8m47.1m50.3m57.7m74.1m79.2m95.6m111.0m
GBPFY, 1997FY, 1998FY, 1999FY, 2000FY, 2001FY, 2002FY, 2003FY, 2004FY, 2005FY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

806.0k36.0k2.0k201.0k206.0k340.0k456.0k181.0k3.0k1.7m2.4m2.5m3.7m2.1m2.3m26.5m11.8m3.7m42.6m27.8m6.5m18.0m26.7m

Accounts Receivable

1.6m1.9m1.3m3.2m3.2m4.2m6.3m4.8m3.1m3.5m2.8m5.1m4.9m2.8m1.9m1.9m2.1m2.0m2.4m3.0m3.2m3.2m4.3m

Inventories

150.0k

Current Assets

4.1m8.6m4.8m16.9m11.4m12.1m11.0m8.1m6.5m16.7m11.3m19.0m12.8m6.6m10.6m37.7m25.6m11.1m61.8m79.8m31.7m40.4m65.9m
GBPFY, 1997FY, 1998FY, 1999FY, 2000FY, 2001FY, 2002FY, 2003FY, 2004FY, 2005FY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

3.8m4.9m6.5m6.5m13.2m9.0m10.4m10.5m10.1m106.6m193.4m(34.7m)(360.4m)24.2m53.5m49.0m76.4m252.4m359.9m388.9m88.7m171.4m137.3m

Cash From Operating Activities

10.5m12.2m14.9m20.2m22.8m23.4m29.1m31.6m33.9m14.4m14.3m7.4m16.5m11.1m14.0m17.3m22.1m26.1m36.1m49.8m53.4m74.2m76.1m

Dividends Paid

2.3m2.7m3.0m3.3m3.7m4.2m4.5m5.0m5.6m5.8m6.4m7.3m7.8m8.1m8.9m10.5m13.0m14.5m16.6m21.1m27.7m37.8m52.6m

Cash From Financing Activities

15.7m19.2m(6.6m)93.0m4.5m19.8m66.7m59.7m16.6m98.4m(51.5m)49.5m(7.8m)(63.1m)(41.8m)21.1m(18.1m)(16.4m)17.6m(33.4m)(83.4m)246.7m187.0m
GBPFY, 1997

Financial Leverage

2 x
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Workspace Group Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

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Workspace Group Online and Social Media Presence

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Workspace Group News and Updates

Workspace Group boosts capital with £15.8m London office disposal

A flexible workspace specialist has completed a sale of a London office building in a £15.8m disposal deal. Workspace Group has sold Quality Court off Chancery Lane in Holborn to an unnamed buyer. Comprising 17,000 sq. ft. of net lettable space over five storeys, the Grade II listed building was sol…

Workspace Group launches 54,000 sq ft business centre in Hoxton

Office space specialist Workspace Group has launched the latest addition to its London portfolio. The firm has officially launched Brickfields, a 54,000 sq ft former factory in Hoxton that has been transformed into a co-working space for local businesses. Brickfields, which was a factory in the 1980…

Workspace Group eyes £158m City building

Workspace Group's shares rose over four per cent this morning after the FTSE 250 office space provider confirmed its interest to snap up Salisbury House in the City in a £158m deal. However, the group said there was  “no certainty” for a deal for 28-31 Finsbury Circus. In a statement to the Lo…

Workspace Group Frequently Asked Questions

  • When was Workspace Group founded?

    Workspace Group was founded in 1987.

  • Who are Workspace Group key executives?

    Workspace Group's key executives are Angus Boag, Richard Swayne and Graham Clemett.

  • How many employees does Workspace Group have?

    Workspace Group has 206 employees.

  • What is Workspace Group revenue?

    Latest Workspace Group annual revenue is £149.4 m.

  • What is Workspace Group revenue per employee?

    Latest Workspace Group revenue per employee is £725.2 k.

  • Who are Workspace Group competitors?

    Competitors of Workspace Group include Knotel, LiquidSpace and The Yard.

  • Where is Workspace Group headquarters?

    Workspace Group headquarters is located at Canterbury Court, 1-3 Brixton Rd, Vassal, London.

  • Where are Workspace Group offices?

    Workspace Group has an office in London.

  • How many offices does Workspace Group have?

    Workspace Group has 1 office.