Peldon Rose has reported annual revenue of £88m after increasing turnover by 222% over five years, as the London office design and build company expands its Wimbledon operations with a second studio.
The company said it completed 36 projects during the past year and worked on a further 300 assignments for existing clients across its broader service portfolio. In total, it reports delivering 615,000 sq ft of office space across sectors including financial services, professional services, technology, and gaming.
Recent clients have included Vitality, Avison Young, XTX Markets, and OC&C. Peldon Rose has also expanded its workforce by 141% over five years to 145 employees as revenue and project volumes have increased.
The figures are company-reported and have been released as Peldon Rose approaches its 40th anniversary in 2027. Founded in 1987, the business provides workspace strategy, design, project delivery, and ongoing office services.
Its new Studio Two is located close to the company’s existing Wimbledon headquarters on Worple Road. The original office remains its principal client hub, with Studio One used by creative teams, while the additional space is intended to support project work and collaboration across the business.
Jitesh Patel, chief executive of Peldon Rose, said: “Although we’re only halfway through 2026, it has already been a fantastic year for Peldon Rose. Not only have we recorded our highest financial turnover to date, but we have also opened a second studio to enhance our services for clients and to provide even greater opportunities for our teams to collaborate and innovate.
“We’re proud to be working with a wide range of clients across London and beyond, delivering people-centric and high-performing workspaces that make a real positive impact for our clients. This continued growth is testament to the care and expertise of our amazing people, who come together to design, deliver and maintain these incredible projects in partnership with our clients. I’m excited to see the next set of projects come out of our new studio space in the coming months.”
The expansion comes while employers continue to reassess the role of physical offices. Hybrid working has reduced routine attendance for many organisations, but it has also changed the type of space companies need when employees do come together.
Businesses using fewer desks can still invest heavily in collaboration areas, meeting rooms, technology, acoustics, flexible layouts, and employee amenities. The result is a more complicated relationship between office occupancy and fit-out demand.
An employer reducing its overall property footprint may increase expenditure per square foot where staff are consolidated into smaller but more intensively designed workplaces.
Professional-services and technology businesses have been particularly active in reassessing offices because their work combines individual concentration with collaborative project delivery. Employers are also using workplace design to support culture, training, recruitment, and informal interaction as distributed working becomes more established.
Peldon Rose’s client mix reflects that pattern. Financial, consulting, property, technology, and other knowledge-intensive sectors continue to assess how much office space they require and what activities justify employees travelling to it.
The market nevertheless remains exposed to wider commercial-property conditions. Higher borrowing costs have affected investment and development economics, while occupiers remain cautious about long leases where future headcount and attendance patterns are uncertain.
Landlords have responded by investing in building quality, sustainability, amenities, and flexibility as they compete for tenants. Occupiers are likewise concentrating demand on better-quality space where fit-out can support a more deliberate workplace strategy.
Peldon Rose’s reported performance is therefore more significant in its project and revenue growth than in the opening of an additional studio alone. Work on 300 projects for existing clients suggests office investment extends beyond headquarters moves and major relocations.
Maintenance, reconfiguration, technology upgrades, and adaptations to new working patterns can generate recurring demand within occupied estates.
The company’s own headcount expansion gives it a similar space-planning challenge. A 145-person workforce operating across two nearby studios requires decisions about collaboration, creative work, project delivery, and client-facing activity.
Peldon Rose enters its 40th year with a larger revenue base, workforce, and operating footprint. Its next phase will depend on whether corporate investment in higher-quality, more flexible workplaces continues as businesses settle into longer-term decisions over how often staff attend and what they need from the office when they do.
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