Commercial Services and Supplies
Company Overview of Regus plc
Regus plc, together with its subsidiaries, provides office outsourcing services primarily in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and the United Kingdom. It offers office solutions comprising business centers, office spaces for rent, day offices, offices for mobile worker, part-time offices, offices for home workers, work-ready office spaces, and executive suites. The company also provides virtual offices, telephone answering services, business addresses, and mail handling services; meeting and board rooms, training and demonstration rooms, video conference suites; work place recovery services to minimize the interruption to businesses caused by fire, power failur...
26, Boulevard Royal
Founded in 1989
Key Executives for Regus plc
Total Annual Compensation: $1.1M
Chief Financial Officer and Executive Director
Total Annual Compensation: $669.2K
Compensation as of Fiscal Year 2012.
Regus plc Key Developments
Regus Launches New Enterprise Hubs to Connect Freelancers and Students with Local Businesses
Nov 21 13
Regus launches Regus Connect, a new initiative designed to help freelancers and students work and network with local businesses. Ten pilot enterprise hubs will be created within Regus centres - the first locations to be in London, Manchester and Birmingham - and will provide dedicated co-working space for freelancers and free workspace for students. The hubs will offer a co-working environment, providing a collaborative space to network with local freelancers and businesses, and the advantage of direct access to potential clients onsite. This bridges the gap between business and the growing demand for a more flexible workforce, as well as helping freelancers escape the isolation of working from home whilst avoiding the higher costs of setting up their own office. There are over 1.7 million freelancers in the UK, who provide an increasingly vital source of support for businesses in multiple functions, from marketing and web development to HR and accounting. SMEs and start-ups rely heavily on their flexible input and expertise; previous research commissioned by Regus revealed that recruiting freelancers was a key business priority for 41% of firms as a platform for sustainable growth.
Orange, Caisse des Depots and Regus Announce Plan to Form Joint Venture to Develop Network of Urban and Suburban Telecentres Project
Nov 20 13
Orange, Caisse des Depots (CdD) and Regus have announced a plan to form a joint venture to develop a network of urban and suburban telecentres targeted at the public sector, private companies and independent workers in France. This network would serve to complement the existing network of flexible workspace in the business districts of the country's major cities and regions. The concept is intended to help reduce overloaded public transport and rush hour traffic by bringing workers closer to their workplace, thereby stimulating local commerce and improving the attractiveness of areas outside big cities. The partners plan to build the new centres in partnership with local authorities. They aim to open around fifteen such facilities before the end of 2016, mainly in the Ile-de-France region, with the possibility of extending the project to over 50 sites across France. The joint venture will be established after receiving authorisation from the relevant European regulatory bodies.
Regus plc Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013; Provides Earnings Guidance for the Full Year 2013
Oct 29 13
Regus plc announced earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, Group turnover increased to GBP 386.6 million compared with GBP 307.3 million in the corresponding period last year, an increase of 25.5% at constant currency rates (25.8% at actual rates). Net debt position increased by GBP 18 million in the quarter to GPB 32 million at September 30, 2013. Cash flow from the Mature Centres business remains strong, which allowed the company to invest GBP 75 million in its growth programme in the three months ended September 30, 2013.
For the nine months, Group turnover increased to GBP 1,131.4 million compared with GBP 916.0 million for the same period last year; an improvement of 22.4% at constant currency rates (23.5% at actual rates). The total capital expenditure investment in growth since January 2013 to GBP 241 million. As a result, net debt position increased by GBP 18 million in the quarter to GBP 32 million at September 30, 2013.
For the remainder of 2013, the company remain confident that mature centers business will deliver a strong result, in line with expectations, although the increased number of new centre openings will impact the group's overall statutory results.
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