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482.50p-5.00 (-1.03%)17 Apr 2024, 18:11
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Workspace Group PLC Fundamentals

Company NameWorkspace Group PLCLast Updated2024-04-17
IndustryREIT - OfficeSectorReal Estate
Shares in Issue191.910 mMarket Cap£925.97 m
PE Ratio5.84Dividend per Share£0.23
Dividend Yield5.42Dividend Cover0
EPS-£0.20EPS Growth (%)0
PEG0DPS Growth (%)-0.0747
Debt Ratio0.3458Debt Equity Ratio0.5611
Asset Equity Ratio1.6227Cash Equity Ratio0.0025
Quick Ratio0.5126Current Ratio1.30
Price To Book Value0.5760ROCE0

Workspace Group PLC Dividends

TypeEx-DatePay DateCurrencyNet DividendYear Total
Interim2024-01-042024-02-02GBP0.0900
Prelim2023-07-062023-08-04GBP0.1740
Interim2023-01-052023-02-01GBP0.0840
Prelim2022-07-072022-08-05GBP0.1450
Interim2022-01-062022-02-02GBP0.0700
Interim2021-07-012021-08-06GBP0.1775

Workspace Group PLC Company Financials

Assets202320222021
Tangible Assets£4.40 m£2.90 m£4.00 m
Intangible Assets£2.00 m£1.90 m£2.40 m
Investments£2.10 m£1.70 m£7.90 m
Total Fixed Assets£2.65 bn£2.37 bn£2.37 bn
Stocks000
Debtors£34.60 m£22.90 m£24.20 m
Cash & Equivalents£12.00 m£42.30 m£183.60 m
Other Assets£2.64 bn£2.37 bn£2.36 bn
Total Assets£2.84 bn£2.51 bn£2.59 bn
Liabilities202320222021
Creditors within 1 year£157.60 m£85.80 m£251.60 m
Creditors after 1 year£893.80 m£626.50 m£622.50 m
Other Liabilities000
Total Liabilities£1.05 bn£712.30 m£874.10 m
Net assets£1.79 bn£1.80 bn£1.72 bn
Equity202320222021
Called up share capital£191.60 m£181.10 m£181.10 m
Share Premium£295.50 m£295.50 m£295.50 m
Profit / Loss-£37.50 m£124.00 m-£235.70 m
Other Equity£1.79 bn£1.80 bn£1.72 bn
Preference & Minorities000
Total Capital Employed£1.79 bn£1.80 bn£1.72 bn
Ratios202320222021
Debt Ratio£0.33£0.26£0.27
Debt-to-Equity£0.50£0.35£0.36
Assets / Equity1.62271.62271.6227
Cash / Equity0.00250.00250.0025
EPS-£0.17£0.68-£1.26
Cash Flow202320222021
Cash from operating activities£78.80 m£57.90 m£38.40 m
Cashflow before financing£169.70 m-£151.20 m£126.70 m
Increase in Cash-£30.50 m-£142.00 m£111.80 m
Income202320222021
Turnover£174.20 m£132.90 m£142.30 m
Cost of sales£57.60 m£46.20 m£60.80 m
Gross Profit£116.60 m£86.70 m£81.50 m
Operating Profit-£2.50 m£144.50 m-£195.50 m
Pre-Tax profit-£37.50 m£124.00 m-£235.70 m

Workspace Group PLC Company Background

SectorReal Estate
ActivitiesWorkspace 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 Date21 Nov 2023
Latest Fiscal Year End Date25 May 2023

Workspace Group PLC Directors

AppointedNamePosition
2013-07-25Mr. John A BywaterNon-Executive Director
2023-06-29Mr. Duncan Gareth OwenNon-Executive Director,Chairman
2011-08-09Mr. Robert Mark TaylorExecutive Director,Finance Director and Company Secretary
2012-03-30Mr. Harry PlattExecutive Director,Chief Executive
2014-07-16Mr. Bernard Anthony CraggNon-Executive Director
2010-09-30Mr. Antony John Hales CBENon-Executive Director,Chairman
2020-07-09Mr. Daniel John KitchenNon-Executive Director,Chairman
2009-03-11Mr. Rupert Jerome DickinsonNon-Executive Director
2020-07-24Ms. Ishbel Jean Stewart MacphersonNon-Executive Director
2024-03-01Mr. Graham ClemettExecutive Director,Chief Executive Officer
2020-06-09Mr. Jameson Paul HopkinsExecutive Director,Chief Executive Officer
2011-08-09Ms. Madeleine Carragher FRICSExecutive Director,Operations Director
2011-08-09Mr. J Patrick Marples MRICSExecutive Director,Property Director
2022-06-17Dr. Maria MoloneyNon-Executive Director
2023-06-12Mr. Stephen HubbardNon-Executive Director,Chairman
2023-06-12Mr. Nick Mackenzie Non-Executive Director
2023-07-19Mr. David Benson Executive Director,Chief Financial Officer

Workspace Group PLC Contact Details

Company NameWorkspace Group PLC
Address1-3 Brixton Road, Canterbury Court, Kennington Park, London, SW9 6DE
Telephone+44 2071383300
Websitehttps://www.workspace.co.uk

Workspace Group PLC Advisors

Remuneration ConsultantDeloitte LLP
Phone+44 2079363000
Fax+44 2075831198
StockbrokerBank of America Merrill Lynch
Phone+44 2076281000
Fax+44 2078672867
StockbrokerLiberum Capital Limited
Phone+44 2031002000
Fax+44 2031002299
RegistrarComputershare Investor Services PLC
Phone+44 3707020003
Fax+44 3707036101
Financial PR AdviserBell Pottinger - Financial and Corporate
Phone+44 2037722500
Financial AdviserRothschild
Phone+44 2072805000
SolicitorSlaughter and May
Phone+44 2076001200
Fax+44 2070905000
BankRoyal Bank of Scotland PLC
AuditorPricewaterhouseCoopers LLP
Phone+44 2075835000
Fax+44 2078224652

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