How much does Third Space (Mayfair) Limited make?

Third Space (Mayfair) Limited reported revenue of £6.8m and £1.8m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Third Space (Mayfair) Limited have?

Third Space (Mayfair) Limited reported an average of 38 employees in the year to 31 Dec 2025.

Is Third Space (Mayfair) Limited profitable?

Yes — Third Space (Mayfair) Limited reported a profit of £1.8m in the year to 31 Dec 2025.

Company No. 11985375 · Incorporated 8 May 2019

Third Space (Mayfair) Limited

Registered name: THIRD SPACE (MAYFAIR) LIMITED

Part of Marlin Topco Limited group

Third Space (Mayfair) Limited made £6.8m revenue and £1.8m profit in the year to 31 Dec 2025.

Third Space (Mayfair) Limited’s revenue grew 28% to £6.8m in the year to 31 Dec 2025, with £1.8m profit and 38 employees. The company is classified under “fitness facilities” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection R · Arts, entertainment and recreationSIC 93130Fitness facilities

Status: Active
Location: London, London
Age: 7 yrs · since 2019
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 2025

Key figures

Revenue

£6.8m

Growth ▲27.6%

Profit

£1.8m

Growth ▼8.1%

Profit margin

26.9%

Gross 88%

Employees

Change ▲18.8%

Profit / employee

£48.3k

Revenue/employee £180k

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)	£4.2m	£5.4m	£6.8m
Cost of sales	−£448k	−£676k	−£821k
Gross profit	£3.8m	£4.7m	£6m
Operating profit	£1.8m	£2.7m	£2.6m
Profit before tax	£1.8m	£2.7m	£2.6m
Profit after tax	£2.3m	£2m	£1.8m
Profit (best available)	£2.3m	£2m	£1.8m
Employees (average)	29	32	38
Ratios
Profit margin	55.3%	37.3%	26.9%
Gross margin	89.4%	87.4%	88%
Revenue per employee	£145k	£167k	£180k
Profit per employee	£80.4k	£62.4k	£48.3k
Growth (year on year)
Revenue growth	—	▲27.2%	▲27.6%
Profit growth	—	▼14.4%	▼8.1%
Headcount growth	—	▲10.3%	▲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: 26.9%; Profit ÷ revenue.
Gross margin: 88%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £180k; Revenue ÷ average employees.
Profit per employee: £48.3k; 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 38
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 Limited75–100%
Third Space (Mayfair) Limitedthis company

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

Sister companies (20)

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).

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2025 (profit £1.8m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

Updated from Companies House on 12 Oct 2026

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