How much does Modus Workspace Limited make?

Modus Workspace Limited reported revenue of £108m and £3.3m profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Modus Workspace Limited have?

Modus Workspace Limited reported an average of 80 employees in the year to 31 Dec 2024.

Is Modus Workspace Limited profitable?

Yes — Modus Workspace Limited reported a profit of £3.3m in the year to 31 Dec 2024.

Company No. 06839982 · Incorporated 9 Mar 2009

Modus Workspace Limited

Registered name: MODUS WORKSPACE LIMITED

Part of Workplace Futures Group Limited group

Modus Workspace Limited made £108m revenue and £3.3m profit in the year to 31 Dec 2024.

Modus Workspace Limited’s revenue grew 29% to £108m in the year to 31 Dec 2024, with £3.3m profit and 80 employees. The company is classified under “other service activities” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection S · Other service activitiesSIC 96090Other service activities n.e.c.

Status: Active
Location: London, London
Age: 17 yrs · since 2009
Type: Private Limited Company

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 2024

Key figures

Operating leverageDoing more with less

Revenue

£108m

Growth ▲29.1%

Profit

£3.3m

Growth ▲83.5%

Profit margin

3.1%

Gross 17.3%

Employees

Change ▼7%

Profit / employee

£41.6k

Revenue/employee £1.4m

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 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£63.9m	£83.8m	£108m
Cost of sales	£53.6m	£72.7m	£89.6m
Gross profit	£10.3m	£11.2m	£18.7m
Operating profit	£1.2m	£496k	£3.7m
Profit before tax	£1.2m	£579k	£3.9m
Profit after tax	£936k	£1.8m	£3.3m
Profit (best available)	£936k	£1.8m	£3.3m
Staff costs	£8.7m	£9.9m	£12.1m
Employees (average)	82	86	80
Ratios
Profit margin	1.5%	2.2%	3.1%
Gross margin	16.1%	13.3%	17.3%
Revenue per employee	£779k	£975k	£1.4m
Profit per employee	£11.4k	£21.1k	£41.6k
Growth (year on year)
Revenue growth	—	▲31.2%	▲29.1%
Profit growth	—	▲93.8%	▲83.5%
Headcount growth	—	▲4.9%	▼7%
Balance sheet — indirect signals, not revenue
Cash at bank	£10.9m	£12m	£17.3m
Net assets	£7.8m	£9.1m	£9.7m
Current assets	£30.2m	£31.6m	£34.1m
Debtors	£11.8m	£9.1m	£9.3m
Deferred income	£11.9m	£9.4m	£11m
Source	Accounts · bulk data May 2024	Accounts · bulk data May 2024	FullAccounts · bulk data Jul 2025

Derived from the latest filing

How the business works

Profit margin: 3.1%; Profit ÷ revenue.
Gross margin: 17.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1.4m; Revenue ÷ average employees.
Profit per employee: £41.6k; 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: 10.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 8.6%; 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: ▲7%; Now £9.7m
Cash at bank: ▲44%; Now £17.3m
Headcount: ▼7%; Now 80
Deferred income: ▲18%; Now £11m
Fixed assets: —; Now —

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

Ownership chain

Workplace Futures Group Limitedultimate parent75–100%
Modus Workspace Limitedthis company

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

Sister companies (6)

Ambit Moat LimitedRev. £34.6m · Profit −£581k
FTS WFG LtdFigures not disclosed
Mytr WFG LtdFigures not disclosed
Platfform LtdFigures not disclosed
Tidal Surge LimitedFigures not disclosed
Two LtdFigures 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 Dec 2024 (profit £3.3m), from the Companies House accounts bulk data published Jul 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.