Workspace Group

WKP: 1,164.00 +33.00 (+2.92%) delayed: 6 Dec 2019, 18:30

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Workspace Group Fundamentals

Share Price Information

Name Workspace Group
Epic WKP
Sector Industrial & Office REITs
ISIN GB00B67G5X01
Activites Workspace Group plc owns and manages 4 million sq. ft. of business space across 66 London properties. It is home to some 4,000 businesses including some of the fastest growing and established brands across a wide range of sectors. The way businesses work is changing. That's why it continually invests in providing the technology infrastructure that enables our customers to think and move fast, and alongside their working environment, is tailored to each individual business.
Index FTSE 250

Key numbers

Latest Share price (p) 1,164.00 Net gearing (%) 25.11
Market capitalisation (£m) 2,044.15 Gross gearing (%) 26.11
Shares in issue (m) 180.74 Debt ratio 23.92
P/E ratio 14.34 Debt-to-equity ratio 0.89
Total dividends per share (p) 32.87 Assets / equity ratio 1.35
Dividend yield (%) 3.00 Price to book value 1.03
Dividend cover 2.33 ROCE (%) 5.27
Earning per share (p) 78.90 EPS growth (%) -24.71
52-week high / low (p) 1,136.00 / 778.00 DPS growth (%) 20.01

Results at a glance

Date Type Turnover (£m) Profit (£m) Basic EPS Currency
31 Mar 2019 Full Year 149 137 78.90 GBP
31 Mar 2018 Full Year 129 171 104.80 GBP
31 Mar 2017 Full Year 109 89 54.50 GBP

Dividend history

Period Ex-date Pay-date Net dividend Currency Total for year
H1 Dividend 09 Jan 2020 05 Feb 2020 11.67 GBX 0.00
H2 Dividend 04 Jul 2019 02 Aug 2019 22.26 GBX 32.87
H1 Dividend 10 Jan 2019 06 Feb 2019 10.61 GBX 0.00
H2 Dividend 05 Jul 2018 03 Aug 2018 18.55 GBX 27.39
H1 Dividend 11 Jan 2018 06 Feb 2018 8.84 GBX 0.00
H2 Dividend 06 Jul 2017 07 Aug 2017 14.27 GBX 21.07
H1 Dividend 12 Jan 2017 07 Feb 2017 6.80 GBX 0.00
H2 Dividend 07 Jul 2016 05 Aug 2016 10.19 GBX 15.05
H1 Dividend 07 Jan 2016 02 Feb 2016 4.86 GBX 0.00
H2 Dividend 09 Jul 2015 09 Aug 2015 8.15 GBX 12.04
H1 Dividend 08 Jan 2015 03 Feb 2015 3.89 GBX 0.00

Contact details

Company name Workspace Group
Address Kennington Park Business Centre, 1-3 Brixton Road, London SW9 6DE.
Telephone +44 (0)20 7138 3300
Website http://www.workspacegroup.co.uk/

Advisors

Company's broker Liberum Capital
Company's joint broker Investec Securities
NOMAD N M Rothschild
Registrar Computershare Investor Service
Auditors PricewaterhouseCoopers LLP
Solicitors Norton Rose LLP

Directors

Appointed Director Position
31 Jul 2007 Graham Colin Clemett Int Chief Executive Officer
28 Jul 2011 Daniel John Kitchen Non-Executive Chairman
07 Feb 2013 Christopher Francis Gregory Girling Non-Executive Director
16 Jul 2014 Stephen Arthur Hubbard Non-Executive Director
23 Jan 2019 Ishbel Jean Stewart Macpherson Non-Executive Director
22 May 2012 Dr Maria Victoria Moloney Non-Executive Director
29 May 2013 Damon James Russell Non-Executive Director

Company financials

Assets (£m) 2019 2018 2017
Reporting date 31 Mar 2019 31 Mar 2018 31 Mar 2017
Tangible assets 3 3 3
Intangible asssets and goodwill 2 1 1
Investments and other non-current assets 2,611 2,295 1,862
Total non-current assets 2,616 2,299 1,865
Inventory / work in progress 0 0 0
Trade and other receivables 14 22 25
Cash and equivalents 27 18 7
Other current assets and asset held for resale 26 0 0
Total of all assets 2,682 2,339 1,897
Liabilities (£m) 2019 2018 2017
Short term liabilities 77 76 53
Long term liabilities 623 551 266
Other liabilites / pension etc 0 0 0
Total of all liabilities 700 626 319
Net assets (£m) 2019 2018 2017
Net assets 1,982 1,713 1,579
Equity (£m) 2019 2018 2017
Share capital 180 164 163
Minority interests 0 0 0
Retained earnings 1,488 1,404 1,270
Share premium account 295 135 135
Other equity 18 10 10
Total equity 1,982 1,713 1,579
Cash Flow (£m) 2019 2018 2017
Cash from operating activities 76 74 53
Cashflow before financing -179 -235 62
Increase / decrease in Cash 9 12 -21
Income (£m) 2019 2018 2017
Turnover 149 129 109
Cost of sales 38 33 30
Gross profit 111 96 79
Operating profit 162 189 104
Pre-tax profit 137 170 89
Profit / loss for the year 137 171 89