How much does Third Space Holdings Limited make?

Third Space Holdings Limited reported revenue of £135m and £13.2m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Third Space Holdings Limited have?

Third Space Holdings Limited reported an average of 1,054 employees in the year to 31 Dec 2025.

Is Third Space Holdings Limited profitable?

Yes — Third Space Holdings Limited reported a profit of £13.2m in the year to 31 Dec 2025.

Company No. 05538574 · Incorporated 17 Aug 2005

Third Space Holdings Limited

Registered name: THIRD SPACE HOLDINGS LIMITED

Part of Marlin Topco Limited group

Third Space Holdings Limited made £135m revenue and £13.2m profit in the year to 31 Dec 2025.

Third Space Holdings Limited’s revenue grew 36% to £135m in the year to 31 Dec 2025, with £13.2m profit and 1,054 employees. The company is classified under “activities of other holding companies” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection K · Financial and insurance activitiesSIC 64209Activities of other holding companies n.e.c.

Status: Active
Location: London, London
Age: 21 yrs · since 2005
Type: Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 31 Dec 2025

Key figures

Operating leverage

Revenue

£135m

Growth ▲36%

Profit

£13.2m

Growth ▲36.4%

Profit margin

9.8%

Gross 87%

Employees

1,054

Change ▲18.8%

Profit / employee

£12.6k

Revenue/employee £128k

Profitable streak

3yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£69.3m	£99m	£135m
Cost of sales	−£10.6m	−£13.1m	−£17.5m
Gross profit	£58.7m	£86m	£117m
Operating profit	£5.2m	£11.1m	£18.7m
Profit before tax	£5.3m	£11.2m	£18.9m
Profit after tax	£4.3m	£9.7m	£13.2m
Profit (best available)	£4.3m	£9.7m	£13.2m
Employees (average)	763	887	1,054
Ratios
Profit margin	6.2%	9.8%	9.8%
Gross margin	84.7%	86.8%	87%
Revenue per employee	£90.8k	£112k	£128k
Profit per employee	£5.7k	£10.9k	£12.6k
Growth (year on year)
Revenue growth	—	▲42.9%	▲36%
Profit growth	—	▲124.3%	▲36.4%
Headcount growth	—	▲16.3%	▲18.8%
Balance sheet — indirect signals, not revenue
Net assets	—	—	—
Source	Accounts · bulk data Sep 2025	Accounts · bulk data Sep 2025	Accounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 9.8%; Profit ÷ revenue.
Gross margin: 87%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £128k; Revenue ÷ average employees.
Profit per employee: £12.6k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: —; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: —; Now —
Cash at bank: —; Now —
Headcount: ▲19%; Now 1,054
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Marlin Topco Limitedultimate parent75–100%
Marlin Holdco Limited75–100%
Marlin Midco Limited75–100%
Marlin Bidco Limited75–100%
Third Space Holdings Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (21)

Third Space (Mayfair) LimitedRev. £6.8m · Profit £1.8m
Canada Square Food LimitedFigures not disclosed
Canada Square Health & Fitness LimitedFigures not disclosed
The Third Space Group LimitedFigures not disclosed
Third Space (Battersea) LimitedFigures not disclosed
Third Space (Chelsea) LimitedFigures not disclosed
Third Space (City) LimitedFigures not disclosed
Third Space (Clapham) LimitedFigures not disclosed
Third Space (Islington) LimitedFigures not disclosed
Third Space (Moorgate) LimitedFigures not disclosed
Third Space (Oxford Street) LimitedFigures not disclosed
Third Space (Paternoster) LimitedFigures not disclosed
Third Space (Richmond) LimitedFigures not disclosed
Third Space (Whiteley) LimitedFigures not disclosed
Third Space (Wimbledon) LimitedFigures not disclosed
Tower Bridge Health Clubs LimitedFigures not disclosed
Ts0325 LimitedFigures not disclosed
Ts0426 LimitedFigures not disclosed
Ts0726 LimitedFigures not disclosed
Ts0825 LimitedFigures not disclosed
Ts0925 LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2025 (profit £13.2m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.