workspace projects (kp) limited
workspace projects (kp) limited Company Information
Company Number
14186009
Next Accounts
Dec 2025
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Shareholders
workspace group plc
Group Structure
View All
Contact
Registered Address
canterbury court, kennington par, 1-3 brixton road, london, england, SW9 6DE
Website
-workspace projects (kp) limited Estimated Valuation
Pomanda estimates the enterprise value of WORKSPACE PROJECTS (KP) LIMITED at £63.2m based on a Turnover of £13m and 4.88x industry multiple (adjusted for size and gross margin).
workspace projects (kp) limited Estimated Valuation
Pomanda estimates the enterprise value of WORKSPACE PROJECTS (KP) LIMITED at £0 based on an EBITDA of £-9.5m and a 9.64x industry multiple (adjusted for size and gross margin).
workspace projects (kp) limited Estimated Valuation
Pomanda estimates the enterprise value of WORKSPACE PROJECTS (KP) LIMITED at £164.1m based on Net Assets of £95.9m and 1.71x industry multiple (adjusted for liquidity).
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Workspace Projects (kp) Limited Overview
Workspace Projects (kp) Limited is a live company located in london, SW9 6DE with a Companies House number of 14186009. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in June 2022, it's largest shareholder is workspace group plc with a 100% stake. Workspace Projects (kp) Limited is a startup, mid sized company, Pomanda has estimated its turnover at £13m with unknown growth in recent years.
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Workspace Projects (kp) Limited Health Check
Pomanda's financial health check has awarded Workspace Projects (Kp) Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 1 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
1 Weak
Size
annual sales of £13m, make it larger than the average company (£917k)
£13m - Workspace Projects (kp) Limited
£917k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Workspace Projects (kp) Limited
- - Industry AVG
Production
with a gross margin of 83.1%, this company has a comparable cost of product (75.3%)
83.1% - Workspace Projects (kp) Limited
75.3% - Industry AVG
Profitability
an operating margin of -74.1% make it less profitable than the average company (29.8%)
-74.1% - Workspace Projects (kp) Limited
29.8% - Industry AVG
Employees
with 73 employees, this is above the industry average (4)
- Workspace Projects (kp) Limited
4 - Industry AVG
Pay Structure
on an average salary of £32.4k, the company has an equivalent pay structure (£32.4k)
- Workspace Projects (kp) Limited
£32.4k - Industry AVG
Efficiency
resulting in sales per employee of £177.5k, this is equally as efficient (£177.5k)
- Workspace Projects (kp) Limited
£177.5k - Industry AVG
Debtor Days
it gets paid by customers after 29 days, this is near the average (31 days)
29 days - Workspace Projects (kp) Limited
31 days - Industry AVG
Creditor Days
its suppliers are paid after 60 days, this is slower than average (38 days)
60 days - Workspace Projects (kp) Limited
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Workspace Projects (kp) Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Workspace Projects (kp) Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 41.9%, this is a lower level of debt than the average (63.6%)
41.9% - Workspace Projects (kp) Limited
63.6% - Industry AVG
WORKSPACE PROJECTS (KP) LIMITED financials
Workspace Projects (Kp) Limited's latest turnover from March 2024 is £13 million and the company has net assets of £95.9 million. According to their latest financial statements, we estimate that Workspace Projects (Kp) Limited has 73 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | |
|---|---|---|
| Turnover | 12,956,182 | 5,958,032 |
| Other Income Or Grants | 0 | 0 |
| Cost Of Sales | 2,195,283 | 2,145,740 |
| Gross Profit | 10,760,899 | 3,812,292 |
| Admin Expenses | 20,363,721 | 8,706,328 |
| Operating Profit | -9,602,822 | -4,894,036 |
| Interest Payable | 2,748,876 | 1,430,688 |
| Interest Receivable | 119,713 | 0 |
| Pre-Tax Profit | -12,231,985 | -6,324,724 |
| Tax | -21,618 | 0 |
| Profit After Tax | -12,253,603 | -6,324,724 |
| Dividends Paid | 0 | 0 |
| Retained Profit | -12,253,603 | -6,324,724 |
| Employee Costs | ||
| Number Of Employees | ||
| EBITDA* | -9,531,082 | -4,894,036 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | |
|---|---|---|
| Tangible Assets | 172,791 | 244,283 |
| Intangible Assets | 0 | 0 |
| Investments & Other | 157,444,837 | 173,376,137 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 157,617,628 | 173,620,420 |
| Stock & work in progress | 0 | 0 |
| Trade Debtors | 1,060,570 | 0 |
| Group Debtors | 5,472,157 | 213,754 |
| Misc Debtors | 904,034 | 957,140 |
| Cash | 0 | 0 |
| misc current assets | 0 | 0 |
| total current assets | 7,436,761 | 1,170,894 |
| total assets | 165,054,389 | 174,791,314 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 362,967 | 0 |
| Group/Directors Accounts | 3,115,557 | 807,569 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 1,554,226 | 1,856,887 |
| total current liabilities | 5,032,750 | 2,664,456 |
| loans | 64,084,965 | 63,936,581 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 0 | 0 |
| total long term liabilities | 64,084,965 | 63,936,581 |
| total liabilities | 69,117,715 | 66,601,037 |
| net assets | 95,936,674 | 108,190,277 |
| total shareholders funds | 95,936,674 | 108,190,277 |
| Mar 2024 | Mar 2023 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | -9,602,822 | -4,894,036 |
| Depreciation | 71,740 | 0 |
| Amortisation | 0 | 0 |
| Tax | -21,618 | 0 |
| Stock | 0 | 0 |
| Debtors | 6,265,867 | 1,170,894 |
| Creditors | 362,967 | 0 |
| Accruals and Deferred Income | -302,661 | 1,856,887 |
| Deferred Taxes & Provisions | 0 | 0 |
| Cash flow from operations | -15,758,261 | -4,208,043 |
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | -15,931,300 | 173,376,137 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 2,307,988 | 807,569 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 148,384 | 63,936,581 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | -2,629,163 | -1,430,688 |
| cash flow from financing | -172,791 | 177,828,463 |
| cash and cash equivalents | ||
| cash | 0 | 0 |
| overdraft | 0 | 0 |
| change in cash | 0 | 0 |
workspace projects (kp) limited Credit Report and Business Information
Workspace Projects (kp) Limited Competitor Analysis
Perform a competitor analysis for workspace projects (kp) limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other mid companies, companies in SW9 area or any other competitors across 12 key performance metrics.
workspace projects (kp) limited Ownership
WORKSPACE PROJECTS (KP) LIMITED group structure
Workspace Projects (Kp) Limited has no subsidiary companies.
workspace projects (kp) limited directors
Workspace Projects (Kp) Limited currently has 5 directors. The longest serving directors include Mr David Benson (Jun 2022) and Mr Graham Clemett (Jul 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Benson | England | 54 years | Jun 2022 | - | Director |
| Mr Graham Clemett | England | 64 years | Jul 2022 | - | Director |
| Mr William Abbott | United Kingdom | 49 years | Jul 2022 | - | Director |
| Mr Leo Shapland | United Kingdom | 42 years | Jul 2022 | - | Director |
| Mr Richard Swayne | England | 36 years | Jul 2022 | - | Director |
P&L
March 2024turnover
13m
+117%
operating profit
-9.6m
+96%
gross margin
83.1%
+29.8%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
95.9m
-0.11%
total assets
165.1m
-0.06%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
workspace projects (kp) limited company details
company number
14186009
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
June 2022
age
3
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
KPMG LLP
address
canterbury court, kennington par, 1-3 brixton road, london, england, SW9 6DE
Bank
-
Legal Advisor
-
workspace projects (kp) limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 1 charges/mortgages relating to workspace projects (kp) limited. Currently there are 1 open charges and 0 have been satisfied in the past.
workspace projects (kp) limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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workspace projects (kp) limited Companies House Filings - See Documents
| date | description | view/download |
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