Ormeau Business Park

What Ormeau Business Park does

Ormeau Business Park (legal entity: Ormeau Enterprises Ltd, company number NI024928) is a Belfast-based business incubator and flexible workspace provider operating from the historic Gasworks site at 8 Cromac Avenue, BT7 2JA. Officially launched in November 2000 by Sir Reg Empey, the company hosts 22 tenant businesses and more than 240 employees across 33,000 square feet of office, studio and shared facilities in 28 units, and has maintained above-95% occupancy for more than two decades. Its mission is to support startups, spin-outs, SMEs and established businesses in Northern Ireland's tech, media and creative sectors through workspace, programmes, and mentoring.

Its product portfolio is composed of five interconnected offerings: (1) private office and co-working rentals on flexible licence terms with 24/7 secure access, free parking and high-speed infrastructure; (2) a Virtual Office subscription at £40+VAT per month supplying a Belfast mailing address, mail handling and metered meeting-room access; (3) room hire for a boardroom and training room at £80+VAT (half day) or £150+VAT (full day), bookable via an as.me scheduling portal; (4) business support programmes including training, mentoring, accountancy/legal signposting, and event programming; and (5) Guinness Enterprise Centre (Co-Connect) partner access extending tenants into a network of 50+ Irish and 20+ international hubs. Technical stack is limited to CRE-grade infrastructure — 10Gig internet, SMART Screen meeting-room hardware, CCTV and secure entry systems — with no disclosed software or AI layers.

The business model is a hybrid of recurring subscription (office rentals, virtual office), transactional utilisation (room hire), service delivery (programmes, mentoring), and public funding from four named backers — the European Social Fund, Invest NI, the UK Department for the Economy, and the International Fund for Ireland. Go-to-market is sales-led with event-driven community programming (LinkedIn training, B2B speed networking, copywriting workshops) and direct enquiry funnels via website forms, phone, and in-person tours. Customer concentration is spread across a long tail of ~22 on-site tenants plus virtual-office subscribers, with three founding-era tenants (Burke Systems, PTM Calibration, Tedford's) retained for the full 25 years as evidence of base stability.

Name

Ormeau Business Park

Legal name

Ormeau Enterprises Ltd

Website

https://ormeaubusinesspark.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

1–10 employees

Short description

Ormeau Business Park is a Belfast-based business incubator and flexible workspace provider on the historic Gasworks site, operating since 2000. It houses 22 tenant businesses across 33,000 sq ft, offering private offices, virtual offices, meeting-room hire, and startup support programmes.

Ownership category

akta.pro rank

Headquarters

HQ city

Belfast

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations

Revenue model

1. Office Space Rental: Rental of private offices and workspace to businesses of all sizes, including startups, SMEs, and established organisations. Flexible lease terms accommodate short-term project needs and long-term solutions. Tenants receive high-speed internet, 24/7 access, and administrative support.
2. Room Hire Services: Hire of boardroom and training room facilities to both tenants and external visitors for meetings, training sessions, workshops, and corporate events. Rooms equipped with modern amenities including WiFi, SMART screens, flip charts, and catering options.
3. Virtual Office Services: Virtual office packages providing businesses with a prestigious Belfast address, mail handling, and access to meeting rooms. Cost-effective solution for startups and remote workers seeking professional presence without physical office commitment.
4. Business Support Services: Programmes, training, and mentoring services for startups and growing businesses, including business plan assistance, networking events, and access to business advisors. Revenue derived from programme delivery and training sessions.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Ormeau Business Park operates a flexible workspace and business incubator facility on the Gasworks site in South Belfast, providing private offices, co-working spaces, meeting and training room hire, and virtual office services to startups, SMEs, and established businesses. The park also delivers business support programmes, training, mentoring, and networking to help tenant businesses grow. Tenants benefit from high-speed 10Gig internet, SMART screen meeting rooms, 24/7 secure access, and access to a wider cross-border innovation network via the Guinness Enterprise Centre Co-Connect partnership.

Product overview

Ormeau Business Park operates as a flexible workspace and business support provider at the Gasworks site in Belfast. The company offers a portfolio of interconnected services: Office Space (private offices and flexible workspaces as the core offering), Virtual Office Services (prestigious Belfast address with mail handling), Room Hire (training and boardroom facilities), Business Support Programmes (startup programmes, mentoring, and training), and a Guinness Enterprise Centre Partnership enabling cross-border workspace access. These services are designed to support businesses at all stages from startups to established enterprises.

Differentiator

Problem solved

Functional benefit

Products and services

• Office Space Flexible office solutions for businesses of all sizes, including private offices and co-working spaces with high-speed 10Gig internet, 24/7 secure access, CCTV, free car parking, and administrative support. Located on the Gasworks site in Belfast with flexible licence terms.
• Virtual Office Services Professional Belfast business address on the Gasworks site with mail handling and flexible meeting room access, priced at £40 + VAT per month. Designed for startups and remote workers seeking a professional presence without physical office commitment.
• Room Hire Boardroom and training room hire available to tenants and external visitors, equipped with SMART Screen technology, free WiFi, flip charts, free car parking for day delegates, and refreshments from local catering suppliers. Priced at £80 (half day) or £150 (full day) excluding VAT.
• Business Support Programmes Programmes for startups covering loans, business plans, idea nurturing, and establishing business connections, plus business services such as accountancy, legal, PR, training, mentoring, and networking events for new and established tenants.
• Guinness Enterprise Centre Partnership (Co-Connect) Partnership with the Guinness Enterprise Centre in Dublin giving OBP tenants access to working space in Dublin and the wider Co-Connect network of over 50 hubs across Ireland and 20+ international hubs.

Quantifiable outcome

• 22 tenant businesses and 240+ employees across 33,000 sq ft
• +3 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered major, minor and core.

• EMEEN NetworkmajorGTM or Marketing Partner · 23 March 2026Partnership with Ethnic Minority Employment, Entrepreneurship & Business Support Network for co-hosted events including B2B Speed Networking & Trade Exchange Event. Steve Lazars (EMEEN Founder) leads workshops with OBP. Partnership supports diverse entrepreneurship in Northern Ireland.
• The Business ZonemajorGTM or Marketing Partner · 23 March 2026Co-host of Building My Business Workshop Series and B2B networking events. Partnership delivers training and mentorship to entrepreneurs and small businesses.
• Queen's Students' UnionminorGTM or Marketing Partner · 2 December 2025Ormeau Business Park sponsors the 'What's The Big Idea?' competition organised by Queen's Students' Union. Competition offers £7,000 prize fund across 10 award categories for student entrepreneurs.
• KainosminorGTM or Marketing Partner · 2 December 2025Co-sponsor of Queen's Students' Union 'What's The Big Idea?' competition alongside OBP. Supports student entrepreneurship and innovation.
• Co-operation Ireland / Stelios FoundationminorGTM or Marketing Partner · 16 September 2025Partnership supporting North-South Business Cooperation Awards with €500,000 prize fund. OBP CEO Patricia McNeill attended awards launch. Awards foster cross-border entrepreneurship on the island of Ireland.
• Guinness Enterprise Centre (GEC)coreStrategic or Co-development PartnerPartnership with one of Ireland's leading business innovation hubs in Dublin. Through the Co Connect programme, OBP tenants can access working space in Dublin and tap into GEC's network of entrepreneurs, industry experts, and business support services. Partnership connects Belfast and Dublin business ecosystems with access to 50+ hubs across Ireland and 20+ international hubs.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• TOG (The Office Group): UK-headquartered flexible-workspace provider offering private offices, coworking, meeting rooms, and virtual offices across major UK cities. Closest directly comparable UK peer to OBP in terms of product mix (offices + meeting rooms + virtual office) and target market (SMEs and growth businesses).
• Impact Hub: Global network of impact-focused coworking spaces, incubators, and innovation hubs. Highly comparable to OBP in its community/incubator model, mission-driven positioning, and reliance on local entrepreneur ecosystems, with cross-city membership benefits analogous to OBP's GEC partnership.
• Runway East: UK startup-focused coworking operator offering private offices, meeting rooms, and a strong community/events programme targeted at early-stage and growth businesses. Closely comparable to OBP in target segment (startups and SMEs) and event-driven GTM motion.
• The Trampery: London-based operator of innovation hubs and coworking spaces focused on entrepreneurship, creative industries, and social impact — including public-sector partnerships. Highly comparable to OBP in mission orientation, incubator-style programming, and public-funder relationships.

Broad incumbents

• IWG (Regus): Global leader in flexible workspace (Regus, Spaces, Signature, HQ brands) operating thousands of locations worldwide. Comparable to OBP as a multi-product office and meeting-room provider, but at vastly larger scale and as part of a global portfolio rather than a single community-anchored site.
• Industrious: Premium flexible-workspace operator offering private offices, meeting rooms, and enterprise solutions. Comparable to OBP in the office + meeting room mix, though positioned upmarket and serving larger enterprise customers.
• WeWork: Global coworking and flexible-office operator with a strong community- and events-driven GTM motion. Overlaps with OBP in offering private offices, shared workspaces, and meeting rooms to startups and SMEs, but operates at a vastly larger scale and broader geographic footprint.
• Workspace Group: London-listed provider of flexible, design-led office space to SMEs and creative businesses. Comparable to OBP in its SME focus and design-forward positioning, though materially larger and concentrated in London.

Regional players

• Dogpatch Labs: Dublin-based tech-startup hub and innovation campus. Directly comparable to OBP as a community-anchored tech-startup workspace, but operating in Dublin (a market OBP is now reaching via the GEC partnership) rather than Northern Ireland.

Emerging players

• Convene: Premium flexible meeting, event, and workspace provider. Comparable to OBP's room-hire and meeting-room service line and SMB/corporate event positioning, though at higher price points and primarily US-based.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/OrmeauBusiness
• Facebookfacebook.com/ormeaubusinesspark
• LinkedInlinkedin.com/company/ormeau-business-park

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ormeau Business Park