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Workspace Group

Current Price 490.00p Bid 487.50p Ask 494.00p Change -1.11%
Last Updated: 20/04/2024 08:47. Prices delayed by at least 15 minutes.
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Company Overview

Workspace Group rents out offices, studios, and warehouses to small and medium sized enterprises in London and the South East. Tenants can utilise the groups' privileged insurance scheme, Workspace Plus Insurance, and many apartments are being networked with internet through their joint venture with Centric Telecom.

Financial Highlights Year Ended 31/03/2023

Revenue
£174.20m
Operating Profit/Loss
£-2.50m
Dividend yield (%)
5.90
Total dividend for year
n/ap
Dividend cover
1.23
P/E Ratio
13.90
More Financials

Key Personnel

Mr Graham Clemett
Chief Executive Officer
Mr David Benson
Chief Financial Officer
Mr Nick Mackenzie
Independent Non-Executive Director
Ms Manju Malhotra
Independent Non-Executive Director
Mr Duncan Owen
Non-Executive Director
Mr Lesley-Ann Nash
Non-Executive Director
Ms Rosie Shapland
Non-Executive Director

Stock Details

EPIC
WKPL
ISIN
GB00B67G5X01
Shares in Issue
162.40m
Market cap
£795.76m

Analyst Views (12)

Strong Buy
 
25.00%
Buy
 
41.67%
Hold
 
25.00%
Sell
 
8.33%
Strong Sell
 
0%
This information is provided by Web Financial Group (UK) Limited. It is subject to change without notice and doesn't reflect the views held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
490.00p
Bid Price
487.50p
Ask Price
494.00p
Volume
7,737
Change Today
-5.50p
% Change Today
-1.11%
Open
486.50p
Previous Close
490.00p
Intraday High
491.00p
Intraday Low
484.00p
52 Week High
604.50p
52 Week Low
455.40p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

More Charts

Income Statement

Year End Date
31 Mar 2023
31 Mar 2022
 
£ (M)
£ (M)
Continuing Operations
Revenue
174.20
132.90
Operating Profit/Loss
-2.50
144.50
Net Interest
-35.00
-20.50
Pre-Tax Profit
-37.50
124.00
Profit After Tax from continuing operations
-37.80
123.90
Discontinued Operations
Profit After Tax
n/a
n/a
Profit/Loss for the Year
-37.80
123.90
Attributable to:
Equity Holders of Parent Company
-37.80
123.90
Minority Interests
n/a
n/a
Total Dividend Paid
n/ap
n/ap
Retained Profit/(Loss) for the Financial Year
n/a
n/a

Earnings per Share

Year End Date
31 Mar 2023
31 Mar 2022
Basic
-19.90p
68.50p
Diluted
-19.90p
68.10p
Adjusted
31.70p
25.80p
Dividend per Share
n/ap
n/ap

Assets

Year End Date
31 Mar 2023
31 Mar 2022
 
£ (M)
£ (M)
Non-Current Assets
Property, Plant & Equipment
4.40
2.90
Intangible Assets
2.00
1.90
Investment Properties
2,643.30
2,366.70
Investments
2.10
1.70
Other Financial Assets
n/a
n/a
Other Non-Current Assets
n/a
0.30
Current Assets
Inventories
n/a
n/a
Trade & Other Receivables
45.80
23.50
Cash at Bank & In Hand
18.50
49.00
Current Asset Investments
n/a
n/a
Other Current Assets
123.00
65.90
Other Assets
n/a
n/a
Total Assets
2,839.10
2,511.90

Liabilities

Year End Date
31 Mar 2023
31 Mar 2022
 
£ (M)
£ (M)
Current Liabilities
Borrowings
49.80
n/a
Other Current Liabilities
107.80
85.80
Total Current Liabilities
157.60
85.80
Non-Current Liabilities
Borrowings
893.80
626.50
Provisions
n/a
n/a
Other Non-Current Liabilities
n/a
n/a
Total Non-Current Liabilities
893.80
626.50
Other Liabilities
n/a
n/a
Total Liabilities
1,051.40
712.30

Net Assets

Year End Date
31 Mar 2023
31 Mar 2022
 
£ (M)
£ (M)
Net Assets
1,787.70
1,799.60

Capital & Reserves

Year End Date
31 Mar 2023
31 Mar 2022
 
£ (M)
£ (M)
Share Capital
191.60
181.10
Share Premium Account
295.50
295.50
Other Reserves
81.10
22.70
Retained Earnings
1,219.50
1,300.30
Shareholders Funds
1,787.70
1,799.60
Minority Interests/Other Equity
n/a
n/a
Total Equity
1,787.70
1,799.60

Dividend History

Type
Ex-Dividend Date
Payment Date
Payment
Interim
04 Jan 2024
02 Feb 2024
9.00p
Final
06 Jul 2023
04 Aug 2023
17.40p
Interim
05 Jan 2023
01 Feb 2023
8.40p
Final
07 Jul 2022
05 Aug 2022
14.50p
Interim
06 Jan 2022
02 Feb 2022
7.00p
Final
01 Jul 2021
06 Aug 2021
17.75p
Final
02 Jul 2020
07 Aug 2020
24.49p
Interim
09 Jan 2020
05 Feb 2020
11.67p
Final
04 Jul 2019
02 Aug 2019
22.26p
Interim
10 Jan 2019
06 Feb 2019
10.61p
Final
05 Jul 2018
03 Aug 2018
18.55p
Interim
11 Jan 2018
06 Feb 2018
8.84p
Final
06 Jul 2017
07 Aug 2017
14.27p
Interim
12 Jan 2017
07 Feb 2017
6.80p
Final
07 Jul 2016
05 Aug 2016
10.19p
Interim
07 Jan 2016
02 Feb 2016
4.86p
Final
09 Jul 2015
07 Aug 2015
8.15p
Interim
08 Jan 2015
03 Feb 2015
3.89p

Dividend Metrics

Year End Date
31 Mar 2023
31 Mar 2022
Dividend growth
20.00%
21.13%
Dividend yield
5.90%
3.10%
Dividend cover
1.23
1.20


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