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491.50p+0.50 (+0.10%)02 Jan 2025, 16:35
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Workspace Group PLC Fundamentals
| Company Name | Workspace Group PLC | Last Updated | 2025-01-02 |
|---|---|---|---|
| Industry | REIT - Office | Sector | Real Estate |
| Shares in Issue | 192.086 m | Market Cap | £944.10 m |
| PE Ratio | 5.84 | Dividend per Share | £0.26 |
| Dividend Yield | 5.7 | Dividend Cover | 0 |
| EPS | -£1.00 | EPS Growth (%) | 0 |
| PEG | 0 | DPS Growth (%) | 0.1528 |
| Debt Ratio | 0.3552 | Debt Equity Ratio | 0.5317 |
| Asset Equity Ratio | 1.6447 | Cash Equity Ratio | 0.0016 |
| Quick Ratio | 0.2247 | Current Ratio | 0.54 |
| Price To Book Value | 0.6190 | ROCE | 0 |
Workspace Group PLC Dividends
| Type | Ex-Date | Pay Date | Currency | Net Dividend | Year Total |
|---|---|---|---|---|---|
| Interim | 2025-01-09 | 2025-02-03 | GBP | 0.0940 | |
| Prelim | 2024-07-04 | 2024-08-02 | GBP | 0.1900 | |
| Interim | 2024-01-04 | 2024-02-02 | GBP | 0.0900 | |
| Prelim | 2023-07-06 | 2023-08-04 | GBP | 0.1740 | |
| Interim | 2023-01-05 | 2023-02-01 | GBP | 0.0840 | |
| Prelim | 2022-07-07 | 2022-08-05 | GBP | 0.1450 | |
| Interim | 2022-01-06 | 2022-02-02 | GBP | 0.0700 |
Workspace Group PLC Company Financials
| Assets | 2024 | 2023 | 2022 |
|---|---|---|---|
| Tangible Assets | £3.00 m | £4.40 m | £2.90 m |
| Intangible Assets | £2.20 m | £2.00 m | £1.90 m |
| Investments | £3.20 m | £2.10 m | £1.70 m |
| Total Fixed Assets | £2.42 bn | £2.65 bn | £2.37 bn |
| Stocks | 0 | 0 | 0 |
| Debtors | £35.60 m | £34.60 m | £22.90 m |
| Cash & Equivalents | £4.10 m | £12.00 m | £42.30 m |
| Other Assets | £2.41 bn | £2.64 bn | £2.37 bn |
| Total Assets | £2.53 bn | £2.84 bn | £2.51 bn |
| Liabilities | 2024 | 2023 | 2022 |
|---|---|---|---|
| Creditors within 1 year | £93.00 m | £157.60 m | £85.80 m |
| Creditors after 1 year | £889.50 m | £893.80 m | £626.50 m |
| Other Liabilities | 0 | 0 | 0 |
| Total Liabilities | £982.50 m | £1.05 bn | £712.30 m |
| Net assets | £1.55 bn | £1.79 bn | £1.80 bn |
| Equity | 2024 | 2023 | 2022 |
|---|---|---|---|
| Called up share capital | £191.90 m | £191.60 m | £181.10 m |
| Share Premium | £296.60 m | £295.50 m | £295.50 m |
| Profit / Loss | -£192.80 m | -£37.50 m | £124.00 m |
| Other Equity | £1.55 bn | £1.79 bn | £1.80 bn |
| Preference & Minorities | 0 | 0 | 0 |
| Total Capital Employed | £1.55 bn | £1.79 bn | £1.80 bn |
| Ratios | 2024 | 2023 | 2022 |
|---|---|---|---|
| Debt Ratio | £0.36 | £0.33 | £0.26 |
| Debt-to-Equity | £0.57 | £0.50 | £0.35 |
| Assets / Equity | 1.6447 | 1.6447 | 1.6447 |
| Cash / Equity | 0.0016 | 0.0016 | 0.0016 |
| EPS | -£0.99 | -£0.17 | £0.68 |
| Cash Flow | 2024 | 2023 | 2022 |
|---|---|---|---|
| Cash from operating activities | £53.90 m | £78.80 m | £57.90 m |
| Cashflow before financing | -£52.80 m | £169.70 m | -£151.20 m |
| Increase in Cash | -£6.90 m | -£30.50 m | -£142.00 m |
| Income | 2024 | 2023 | 2022 |
|---|---|---|---|
| Turnover | £184.30 m | £174.20 m | £132.90 m |
| Cost of sales | £58.10 m | £57.60 m | £46.20 m |
| Gross Profit | £126.20 m | £116.60 m | £86.70 m |
| Operating Profit | -£157.90 m | -£2.50 m | £144.50 m |
| Pre-Tax profit | -£192.80 m | -£37.50 m | £124.00 m |
Workspace Group PLC Company Background
| Sector | Real Estate |
|---|---|
| Activities | Workspace Group PLC is a real estate investment trust engaged in the acquisition, design, development, and ownership of office buildings throughout London. The company mainly focuses on leasing office properties to new and growing companies. The real estate assets in Workspace's portfolio are clustered around the London area of Farringdon and elsewhere in northern and central London. The company derives the vast majority of its income in the form of rental revenue from tenants organized into short-term leases. Workspace's tenants include marketing, business consultancy, fashion, finance, software, and architectural firms. |
| Latest Interim Date | 22 Nov 2024 |
| Latest Fiscal Year End Date | 5 Jun 2024 |
Workspace Group PLC Directors
| Appointed | Name | Position |
|---|---|---|
| 2013-07-25 | Mr. John A Bywater | Non-Executive Director |
| 2024-06-13 | Mr. Duncan Gareth Owen | Non-Executive Director,Chairman |
| 2011-08-09 | Mr. Robert Mark Taylor | Executive Director,Finance Director and Company Secretary |
| 2012-03-30 | Mr. Harry Platt | Executive Director,Chief Executive |
| 2014-07-16 | Mr. Bernard Anthony Cragg | Non-Executive Director |
| 2010-09-30 | Mr. Antony John Hales CBE | Non-Executive Director,Chairman |
| 2020-07-09 | Mr. Daniel John Kitchen | Non-Executive Director,Chairman |
| 2009-03-11 | Mr. Rupert Jerome Dickinson | Non-Executive Director |
| 2020-07-24 | Ms. Ishbel Jean Stewart Macpherson | Non-Executive Director |
| 2024-09-27 | Mr. Graham Colin Clemett | Executive Director |
| 2020-06-09 | Mr. Jameson Paul Hopkins | Executive Director,Chief Executive Officer |
| 2011-08-09 | Ms. Madeleine Carragher FRICS | Executive Director,Operations Director |
| 2011-08-09 | Mr. J Patrick Marples MRICS | Executive Director,Property Director |
| 2022-06-17 | Dr. Maria Moloney | Non-Executive Director |
| 2024-06-13 | Mr. Stephen Hubbard | Non-Executive Director,Chairman |
| 2024-12-17 | Mr. David Clive Stevenson | Non-Executive Director |
| 2024-11-28 | Mr. Lawrence Francis Hutchings | Executive Director,Chief Executive Officer |
| 2024-06-13 | Mr. Nick Mackenzie | Non-Executive Director |
| 2024-07-04 | Mr. David Neville Benson | Executive Director,Chief Financial Officer |
Workspace Group PLC Contact Details
| Company Name | Workspace Group PLC |
|---|---|
| Address | 1-3 Brixton Road, Canterbury Court, Kennington Park, London, SW9 6DE |
| Telephone | +44 2071383300 |
| Website | https://www.workspace.co.uk |
Workspace Group PLC Advisors
| Remuneration Consultant | Deloitte LLP |
|---|---|
| Phone | +44 2079363000 |
| Fax | +44 2075831198 |
| Stockbroker | Bank of America Merrill Lynch |
|---|---|
| Phone | +44 2076281000 |
| Fax | +44 2078672867 |
| Stockbroker | Liberum Capital Limited |
|---|---|
| Phone | +44 2031002000 |
| Fax | +44 2031002299 |
| Registrar | Computershare Investor Services PLC |
|---|---|
| Phone | +44 3707020003 |
| Fax | +44 3707036101 |
| Financial PR Adviser | Bell Pottinger - Financial and Corporate |
|---|---|
| Phone | +44 2037722500 |
| Financial Adviser | Rothschild |
|---|---|
| Phone | +44 2072805000 |
| Solicitor | Slaughter and May |
|---|---|
| Phone | +44 2076001200 |
| Fax | +44 2070905000 |
| Bank | Royal Bank of Scotland PLC |
|---|
| Auditor | PricewaterhouseCoopers LLP |
|---|---|
| Phone | +44 2075835000 |
| Fax | +44 2078224652 |
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