BW Interiors, the trading name of BW: Workplace Experts, has reported outstanding financial results for 2024, entering its 25th year of trading with exceptional momentum, a secure balance sheet, and a strategic move to employee ownership that underscores its long-term commitment to its people and its independence.
Turnover rose to £244m, up 22% year-on-year, with gross profit increasing by 35% to £21.8m. Pre-tax profit doubled to £6m, and net assets grew by £2.5m to £22.5m. Year-end cash reserves stood at £40.5m providing a strong foundation for continued growth.
Looking ahead, profits for 2025 are projected to exceed the record-breaking results of this year, underpinned by over £200m of secured turnover and continued demand for high-quality, central London workspaces.
“This has been an outstanding year for BW,” said Steve Elliott, CEO. “Our results reflect the scale and complexity of projects we’re now delivering, the commercial discipline we apply, and the trusted partnerships we’ve built with clients and consultants alike.”
The company continues to focus on the Commercial Office and Education sectors in central London. It is delivering an increasing number of high-value fit-outs for legal and professional services firms, where demand for high-specification environments remains strong. BW Interiors’ Design and Build division is now fully established, and long-term framework agreements continue to position the business as a partner of choice.
To reinforce its long-term independence and values-led culture, the company has also announced its transition to an Employee Ownership Trust (EOT). There will be no change to the existing leadership team, who remain fully committed to steering the business through its next chapter of sustainable growth.
“This move ensures BW stays true to the principles that have shaped its success — quality, personality, and care for our people,” Steve Elliott added. “It secures our future as an independent business, built to last.”
With a strong order book, robust cash position, and consistent leadership, BW is poised to build on its 2024 success and continue delivering exceptional workplaces in 2025 and beyond.
For further information please contact:
Amelia Walker, m.+44 (0)7498 350 245, e amelia@holisticgroup.co.uk / BW@holisticgroup.co.uk
Sophie Eastwood, m.+ 44 (0) 7709 359 529, e sophie@holisticgroup.co.uk / BW@holisticgroup.co.uk
