How much does Office Space in Town Limited make?

Office Space in Town Limited reported revenue of £26.1m and a loss of £2.8m in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Office Space in Town Limited have?

Office Space in Town Limited reported an average of 259 employees in the year to 31 Mar 2025.

Is Office Space in Town Limited profitable?

No — Office Space in Town Limited reported a loss of £2.8m in the year to 31 Mar 2025.

Company No. 06521256 · Incorporated 3 Mar 2008

Office Space in Town Limited

Registered name: OFFICE SPACE IN TOWN LIMITED

Office Space in Town Limited made £26.1m revenue and a £2.8m loss in the year to 31 Mar 2025.

Office Space in Town Limited’s revenue grew 1% to £26.1m in the year to 31 Mar 2025, with a loss of £2.8m and 259 employees. The company is classified under “buying and selling of own real estate” and is based in Corby; we hold 4 years of its filed accounts.

Full P&L filedSection L · Real estate activitiesSIC 68100Buying and selling of own real estate SIC 68209Other letting and operating of own or leased real estate SIC 68320Management of real estate on a fee or contract basis SIC 82990Other business support service activities n.e.c.

Status: Active
Location: Corby, East Midlands
Age: 18 yrs · since 2008
Type: Private Limited Company

Latest accounts · year to 31 Mar 2025

Key figures

IndependentCash flow filed

Revenue

£26.1m

Growth ▲0.7%

Profit

−£2.8m

Growth —

Profit margin

−10.6%

Gross 81.9%

Employees

259

Change ▲9.8%

Profit / employee

−£10.7k

Revenue/employee £101k

Profitable streak

0yrs

Consecutive profitable years in our data

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

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£9m	£21.3m	£25.9m	£26.1m
Cost of sales	£2.6m	£4m	£4.5m	£4.7m
Gross profit	£6.4m	£17.3m	£21.4m	£21.4m
Operating profit	£716k	£7.6m	£9.6m	£8.5m
Profit before tax	£5.6m	£17.8m	−£8.6m	−£2.3m
Profit after tax	£5.4m	£17.5m	−£9.1m	−£2.8m
Profit (best available)	£5.4m	£17.5m	−£9.1m	−£2.8m
Staff costs	£3.5m	£5.1m	£5.8m	£6.5m
Employees (average)	178	224	236	259
Ratios
Profit margin	60.5%	82%	−35.2%	−10.6%
Gross margin	71.1%	81.2%	82.6%	81.9%
Revenue per employee	£50.4k	£95.2k	£110k	£101k
Profit per employee	£30.5k	£78.1k	−£38.7k	−£10.7k
Cash conversion	55.3%	152.4%	100.2%	108.1%
Growth (year on year)
Revenue growth	—	▲137.5%	▲21.5%	▲0.7%
Profit growth	—	▲222.2%	▼152.2%	—
Headcount growth	—	▲25.8%	▲5.4%	▲9.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£6.2k	£3.8k	£2.8k	£2.6k
Net assets	£22.9m	£39.7m	£30.2m	£27.4m
Fixed assets	£23.1m	£40.3m	£30.5m	£29.1m
Current assets	£1.6m	£1.3m	£1.5m	£1.2m
Debtors	£56.7k	£34.7k	£45k	£26.4k
Deferred income	£119k	£56.6k	£145k	£65.9k
Cash from operations	£396k	£11.6m	£9.6m	£9.2m
Source	FullAccounts · bulk data Mar 2024	FullAccounts · bulk data Mar 2024	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: −10.6%; Profit ÷ revenue.
Gross margin: 81.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £101k; Revenue ÷ average employees.
Profit per employee: −£10.7k; Profit ÷ average employees.
Cash conversion: 108.1%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 111.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.1%; 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: ▼9%; Now £27.4m
Cash at bank: ▼7%; Now £2.6k
Headcount: ▲10%; Now 259
Deferred income: ▼55%; Now £65.9k
Fixed assets: ▼5%; Now £29.1m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Subsidiaries (5)

Boundary Row Opco LimitedFigures not disclosed
Little Britain Opco LimitedFigures not disclosed
NBS Opco LimitedFigures not disclosed
Office Space Cleaning LtdFigures not disclosed
ST Dunstan's Opco LimitedFigures not disclosed

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£2.8m), from the Companies House accounts bulk data published Dec 2025. 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.