Project wins boost Space Solutions profits
Space Solutions, the Scottish workplace design and management consultancy with 200 staff, has reported higher sales and profits on the back of “significant” project wins and changing work patterns postpandemic.
Posting results for the year ended June 30, the firm said turnover had jumped 42 per cent to £43 million, while profits rose to £1.65m, compared with £380,000 in 2021. It said the strong performance was the result of a “positive year”, during which the business secured several key projects and additional placements on 26 individual public sector frameworks. The group has also completed work for high-profile clients including design and build projects for Insights Dundee and Fifebased Bella & Duke, and refurbishment work aligned to net zero targets at Lochside Avenue in Edinburgh.
The firm was founded 25 years ago, has offices in Aberdeen, Dundee, Edinburgh, Glasgow and Livingston and employs 198 staff. It works with public and private organisations across the UK.
Group managing director
Jim Mathieson said: “2022 has been one of our most significant years of growth since the business began 25 years ago. Despite the impact of the global pandemic, and the current economic climate, the figures confirm the strength and resilience of our business. It’s clear that workplaces are changing to meet the needs of employees and sustainability targets, and that evolution is reflected in different workspaces being created by our expert teams.
“The increase in turnover has enabled us to continue reinvesting in teams across the business, and I am incredibly proud."