Flex office operator hits £30m revenue milestone

Derby-based flexible workspace brand Cubo is celebrating after achieving annual revenue of more than £30 million just five years after being founded.

The business, which was founded in Derby in March 2020, has consistently outperformed market trends, setting records for both the number of new deals and desks sold per month across its national portfolio.

Cubo’s success continues to be driven by strong demand from SMEs and enterprise clients seeking premium, design-led workspaces that foster innovation, collaboration and growth.

The £30 million milestone follows several years of sustained expansion.

In the past 12 months alone, Cubo has added new locations in key UK cities, achieved record occupancy rates and attracted a surge of blue-chip organisations to its community.

The company recently achieved its highest number of new enterprise sign-ups and record occupancy across many of its 13 locations.

Cubo has now achieved 100% occupancy at five of its sites.

Marc Brough, chief executive of Cubo, said: “Reaching £30 million ARR in revenue is a huge testament to the strength of our vision and the trust that so many businesses have placed in Cubo.

“In just five years, we’ve built a model that delivers commercial success while inspiring innovation and collaboration across our member base.

“The workplace continues to evolve at an unprecedented pace, and we’re proud to be leading that transformation.

“We will shortly be announcing a number of new sites which are set to open at the end of this year and the start of 2026, marking the next phase of our expansion.”