WORKSPACE GROUP PLC
Workspace Group PLC is a London Stock Exchange-listed real estate investment trust and FTSE 250 constituent that provides flexible office, industrial, and workshop spaces to small and medium-sized enterprises across the capital.
Get an alert when WORKSPACE GROUP PLC files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£3m
-99.8% lowest in 3 filed years
Net assets
£264m
-85.2% lowest in 3 filed years
Employees
190
-2.6% vs 2025
Profit before tax
-£121m
-2,331.5% lowest in 3 filed years
Net assets
3-year trend · vs Real Estate median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £133,200,000 | £148,900,000 | £142,300,000 | -4.4% | |
| Operating profit | £94,700,000 | £66,800,000 | £60,500,000 | -9.4% | |
| Profit before tax | £64,000,000 | £5,400,000 | -£120,500,000 | -2,331.5% | |
| Net profit | £58,100,000 | £2,400,000 | -£120,800,000 | -5,133.3% | |
| Cash | £68,000,000 | £1,468,400,000 | £3,000,000 | -99.8% | |
| Total assets less current liabilities | £2,405,000,000 | £2,480,100,000 | £957,500,000 | -61.4% | |
| Net assets | £1,515,000,000 | £1,781,500,000 | £263,700,000 | -85.2% | |
| Equity | £1,548,900,000 | £1,781,300,000 | £263,100,000 | -85.2% | |
| Average employees | 104 | 195 | 190 | -2.6% | |
| Wages | £28,500,000 | £31,900,000 | £30,100,000 | -5.6% | |
| Directors' remuneration | £2,900,000 | £2,400,000 | £2,100,000 | -12.5% | |
| Directors' pension contributions | — | £0 | £100,000 | — | |
| Highest paid director | — | £500,000 | £400,000 | -20% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | 71.1% | 44.9% | 42.5% | |
| Net margin | 43.6% | 1.6% | -84.9% | |
| Return on capital employed | 3.9% | 2.7% | 6.3% | |
| Gearing (liabilities / total assets) | 39.8% | 30.2% | 76.2% | |
| Current ratio | 1.03x | 20.43x | 0.48x | |
| Interest cover | 2.96x | 2.05x | 1.87x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- WORKSPACE GROUP PLC 1997-07-31 → present
- LONDON INDUSTRIAL PLC. 1993-12-03 → 1997-07-31
- LONDON INDUSTRIAL PUBLIC LIMITED COMPANY 1986-07-29 → 1993-12-03
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have reasonable expectation that the Group will be able to continue in operational existence for the foreseeable future and therefore, continue to adopt the going concern basis in preparing the Group’s accounts.”
Group structure
- WORKSPACE GROUP PLC · parent
- Workspace 12 Limited 100%
- Workspace Salisbury Limited 100%
- Stamford Road (IOM) 100%
- Workspace Management Limited 100%
Significant events
- “The Company's subsidiary Workspace Studios have exchanged for sale in June 2026, with completion set for June and July 2026 respectively. In June 2026, the Group's £200m RCF bank facility was partially drawn by £30m.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 32 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CARFORA, Carmelina | Secretary | 2010-03-22 | — | — |
| EDWARDS-MOSS, Thomas Michael | Director | 2026-02-23 | May 1980 | British |
| GREEN, Charles Richard | Director | 2026-02-02 | Jul 1970 | British |
| MACKENZIE, Nicholas Stephen | Director | 2022-01-26 | Jul 1968 | British |
| MALHOTRA, Manju | Director | 2022-01-26 | Nov 1972 | British |
| NASH, Lesley-Ann | Director | 2021-01-01 | May 1965 | British |
| OWEN, Duncan Gareth | Director | 2021-07-22 | Dec 1967 | British |
| SHAPLAND, Rosemary Jean | Director | 2020-11-06 | Aug 1965 | British |
| STEVENSON, David Clive | Director | 2024-06-01 | Apr 1966 | British |
Show 32 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CLEMENT, Graham Colin | Secretary | 2007-07-31 | 2008-01-02 |
| KITCHEN, Daniel John | Secretary | 2011-06-06 | 2011-06-06 |
| LAWSON, Robert William | Secretary | — | 1992-10-06 |
| MACDONALD, Iain Graham Ross | Secretary | 2002-01-01 | 2003-04-11 |
| SAHA, Nirmal Chandra | Secretary | 1992-11-19 | 1996-01-01 |
| TAYLOR, Robert Mark | Secretary | 2003-04-11 | 2007-07-31 |
| TAYLOR, Robert Mark | Secretary | 1996-01-01 | 2002-01-01 |
| WHALLEY, Amanda | Secretary | 2008-01-02 | 2010-03-22 |
| BENSON, David Neville | Director | 2020-04-01 | 2026-04-30 |
| BROCKLEHURST, Charles Richard | Director | — | 1998-01-31 |
| BYWATER, John Andrew | Director | 2004-04-06 | 2013-07-25 |
| CARRAGHER, Madeleine | Director | 1996-01-01 | 2007-10-12 |
| CHERRY, Alan Herbert | Director | — | 2004-07-27 |
| CLEMETT, Graham Colin | Director | 2007-07-31 | 2025-01-31 |
| CRAGG, Bernard Anthony | Director | 2003-06-01 | 2014-07-16 |
| DICKINSON, Rupert Jerome | Director | 2006-08-02 | 2010-07-27 |
| GIRLING, Christopher Francis | Director | 2013-02-07 | 2022-02-07 |
| HALES, Antony John | Director | 2002-11-08 | 2011-07-28 |
| HOPKINS, Jameson Paul | Director | 2010-06-07 | 2019-05-31 |
| HUBBARD, Stephen Arthur | Director | 2014-07-16 | 2023-07-06 |
| HUTCHINGS, Lawrence Francis | Director | 2024-11-18 | 2026-01-19 |
| KITCHEN, Daniel John | Director | 2011-06-06 | 2020-07-09 |
| MACPHERSON, Ishbel Jean Stewart | Director | 2019-01-23 | 2020-07-24 |
| MARPLES, James Patrick | Director | 1996-11-01 | 2009-05-22 |
| MOLONEY, Maria Victoria, Dr | Director | 2012-05-22 | 2021-07-22 |
| PIERONI, Christopher John, Dr | Director | 2000-01-14 | 2006-08-01 |
| PLATT, Harry | Director | — | 2012-03-31 |
| PORTER, Alan Redvers | Director | — | 1999-09-30 |
| RHODES, Phillip Baverstock | Director | — | 2002-12-31 |
| RUSSELL, Damon James | Director | 2013-05-29 | 2022-07-21 |
| TAYLOR, Robert Mark | Director | 1995-10-30 | 2007-07-31 |
| WILLIAMS, Suzanne Dorothy | Director | 2020-01-21 | 2021-09-10 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 535 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-08-05 RESOLUTIONS Resolution
- 2025-07-24 RESOLUTIONS Resolution
- 2024-08-01 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-05 | AA | accounts | Accounts with accounts type group | |
| 2026-08-05 | RESOLUTIONS | resolution | Resolution | |
| 2026-06-22 | SH01 | capital | Capital allotment shares | |
| 2026-05-08 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-23 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-03 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-30 | SH01 | capital | Capital allotment shares | |
| 2026-01-20 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-06 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-09-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-24 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-23 | AA | accounts | Accounts with accounts type group | |
| 2025-06-25 | SH01 | capital | Capital allotment shares | |
| 2025-01-31 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-01 | AA | accounts | Accounts with accounts type group | |
| 2024-08-01 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-23 | AUD | auditors | Auditors resignation company | |
| 2024-06-26 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 3
- Officers appointed
- 2
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.