THE OFFICE GROUP LIMITED
Operating under the TOG and Fora brands, the company provides flexible workspaces, co-working facilities, and serviced offices across the United Kingdom.
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Cash
£6.9m
+13% vs 2024
Net assets
£187m
-22.7% lowest in 3 filed years
Employees
0
-100% lowest in 3 filed years
Profit before tax
-£52m
-117.1% vs 2024
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £106,138,000 | £85,322,000 | £75,042,000 | -12% | |
| Operating profit | -£45,753,000 | £36,276,000 | -£251,000 | -100.7% | |
| Profit before tax | -£98,730,000 | £305,952,000 | -£52,429,000 | -117.1% | |
| Net profit | -£62,789,000 | £324,216,000 | -£49,987,000 | -115.4% | |
| Cash | £17,281,000 | £6,081,000 | £6,874,000 | +13% | |
| Total assets less current liabilities | £911,332,000 | £851,436,000 | £761,572,000 | -10.6% | |
| Net assets | £486,848,000 | £241,626,000 | £186,703,000 | -22.7% | |
| Equity | £486,848,000 | £241,626,000 | £186,703,000 | -22.7% | |
| Average employees | 176 | 129 | 0 | -100% | |
| Wages | £10,396,000 | £9,127,000 | £3,628,000 | -60.2% | |
| Directors' remuneration | £1,157,000 | £501,000 | £388,000 | -22.6% | |
| Directors' pension contributions | £15,000 | £4,000 | £18,000 | +350% | |
| Highest paid director | £340,000 | £343,000 | £256,000 | -25.4% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -43.1% | 42.5% | -0.3% | |
| Net margin | -59.2% | — | -66.6% | |
| Return on capital employed | -5.0% | 4.3% | -0.0% | |
| Gearing (liabilities / total assets) | 70.2% | 75.2% | 79.0% | |
| Current ratio | 0.06x | 0.32x | 0.15x | |
| Interest cover | -0.86x | 0.71x | -0.01x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. With the business focused on long term liquidity, the Directors have assessed the cash flow forecasts for the Group for a period of at least 12 months from the date of issuance of these financial statements.”
Group structure
- THE OFFICE GROUP LIMITED · parent
- Fora Operations Limited 100%
- Fora Property Holdings Limited 100%
- TOG 4 Limited 100%
- Brandon House Limited 100%
Significant events
- “In September 2024, the Group negotiated a refinancing of £520m in the form of a single facility which comprised of £300m in new loans which mature in 2027 with two one-year extension options, and a £220m Commercial Mortgage-Backed Security investment facility.”
- “During the year, the Group disposed of its investment in Queen Street Limited and lost control of the subsidiary on 14 November 2025. The disposal resulted in a loss of £5,025k.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BLANK, Jason Marshall | Director | 2024-05-09 | Aug 1971 | British |
| CAMBIASO, Umberto | Director | 2025-03-01 | Mar 1992 | Italian |
| HODES, Jonathan Andrew | Director | 2025-09-23 | Oct 1968 | British |
| MACHENAUD, Laurent Lucien Claude | Director | 2023-06-06 | Jul 1979 | French |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| INTERTRUST (UK) LIMITED | Corporate Secretary | 2022-09-14 | 2024-03-14 |
| GREEN, Charles Richard | Director | 2022-09-14 | 2023-10-09 |
| HITCHCOCK, Michael Paul | Director | 2023-01-19 | 2024-03-28 |
| KATAKY, Gemma Nandita | Director | 2022-09-14 | 2023-06-05 |
| OLSEN, Oliver Andrew Edward | Director | 2022-09-14 | 2025-09-23 |
| RIO GREEN, Matthew Allan | Director | 2022-09-14 | 2023-01-17 |
| SPENCER, James William | Director | 2024-06-24 | 2025-02-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Office Group Imh Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-08-13 | Active |
| The Office Group Securities Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-08-12 | Ceased 2024-08-13 |
| Mr Stephen Allen Schwarzman | Individual | Shares 75–100%, Voting 75–100% | 2022-09-14 | Ceased 2024-08-12 |
Filing timeline
Last 20 of 45 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-29 | AA | accounts | Accounts with accounts type group | |
| 2026-09-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-30 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-30 | AA | accounts | Accounts with accounts type group | |
| 2025-09-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-29 | AA | accounts | Accounts with accounts type full | |
| 2024-09-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-08-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-08-14 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-08-14 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-08-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.