356.20p
+1.08%
Close of 9 Nov 2026, in pence
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About Workspace Group
Its shares trade on LSE under the ticker WKP.L. It has been listed since 15 December 1993. In the fiscal year to 31 March 2026, it reported revenue of £181.4m and a net loss of £120.3m. At that date it held total assets of £2.21bn and shareholders' equity of £1.33bn.
Workspace Group Plc is a real estate investment trust company, which engages in property investment in the form of letting of business space to new and growing companies located in London. The firm is engaged in property investment. The firm provides commercial property to let throughout London. The firm owns and manages over 65 properties all across London and is home to approximately 4,000 new and growing companies. The firm's portfolio includes various properties, such as Metal Box Factory, The Pill Box, Screenworks, The Light Bulb, The Biscuit Factory, Alexandra House, Archer Street Studios, Barley Mow Centre, Canalot Studios, Chiswick Studios, Clerkenwell Workshops, East London Works, Faircharm, Garratt Lane, The Record Hall, Holywell Centre, Kennington Park, Leroy House, Mallard Place, Morie Street, Quality Court, Riverside, Southbank House, The Print Rooms and Vox Studios. The firm's subsidiaries include Workspace Management Limited, which is engaged in property management, and Workspace 13 Limited and Workspace 14 Limited, which are engaged in property investment.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Real Estate
- Industry
- Equity Real Estate Investment Trusts (REITs)
- Listed since
- 15 Dec 1993
- Employees
- 232
- Website
- workspace.co.uk ↗
Leadership
Pay as last reported
- Mr. Duncan OwenIndependent Non-Executive Chairman of the Board£208,000
- Mr. Lawrence HutchingsChief Executive Officer, Executive Director, since 2024£560,800
- Mr. Dave BensonChief Financial Officer, Executive Director, since 2020£724,400
- Ms. Claire DracupDirector - People and Culture
- Mr. Will AbbottChief Customer Officer
- Ms. Jessica BerneyHead of Portfolio Management
- Mr. Paul HewlettDirector - Strategy and Corporate Development
- Mr. Richard SwayneInvestment Director
- Ms. Carmelina CarforaCompany Secretary
- Mr. Nicholas MackenzieNon-Executive Independent Director£57,200
- Ms. Manju MalhotraNon-Executive Independent Director£68,000
- Ms. Lesley-Ann NashNon-Executive Independent Director£68,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 89
- Environment
- 99
- Social
- 92
- Governance
- 77
- Direct emissions (scope 1)
- 1,912 t
- Energy emissions (scope 2)
- 6,259 t
- Value chain emissions (scope 3)
- 12,393 t
- Women in the workforce
- 56.8%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Workspace Group PLC benefits from a strong portfolio of prime locations in key business areas. Their properties are strategically situated in desirable commercial districts, offering convenient access to clients and customers. This strong property portfolio provides a competitive advantage over competitors.
- Workspace Group PLC has built a well-known brand and maintains a positive reputation in the commercial property market. Their long-standing presence and trusted reputation provide a solid foundation for attracting and retaining clients.
Weaknesses
- Workspace Group PLC's performance is closely tied to local economic conditions. Fluctuations in the economy, such as recessionary periods or economic downturns, can impact demand for their properties and hinder their growth potential.
- The commercial property market is highly competitive, and Workspace Group PLC faces competition from both established players and emerging startups. This intense competition may pose challenges in maintaining market share and achieving sustainable growth.
Opportunities
- The trend towards flexible working arrangements, particularly in knowledge-based industries, presents an opportunity for Workspace Group PLC to capitalize on the growing demand for flexible workspace solutions. By adapting their offerings to cater to this trend, they can attract and retain a diverse range of tenants.
- Embracing innovation and leveraging technological advancements can enable Workspace Group PLC to enhance their services and differentiate themselves in the market. Utilizing advanced technologies such as automation, smart building management systems, and digital platforms can improve operational efficiency and attract tech-savvy clients.
Threats
- Economic uncertainties, such as political instability, changes in government policies, or global economic slowdowns, pose a threat to Workspace Group PLC's business. These factors can impact the demand for office spaces and dampen market growth.
- As more players enter the flexible workspace market, there is a risk of market saturation. Workspace Group PLC needs to continually innovate and differentiate their offerings to stay ahead in a crowded market and ensure sustained demand for their properties.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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