What Electric Works does

Electric Works is a privately held flexible workspace operator based in Sheffield city centre, England, providing serviced, semi-serviced, and unserviced offices, a co-working Club Lounge, three premium meeting rooms, a 120-capacity event space, and virtual office services. It operates from a single location at 3 Concourse Way on Sheffield's Digital Campus — two minutes from the train station and ten minutes from the M1 — and is managed by Creative Space Management, which runs a portfolio of workspaces across Yorkshire and the North East. A distinctive physical differentiator is a three-storey helter skelter slide billed as the largest indoor slide inside any UK office building, used as a brand and tenant-experience asset.

The core technology and product stack is built around physical serviced-office infrastructure rather than software: flexible 1-year licence agreements with a 20-working-day notice period, utilities and reception included, free meeting-room hire for serviced clients, 24/7 co-working access, modern AV-equipped event space, and virtual office packages starting at £30 per month. The facility serves a horizontal mix of customer segments — freelancers, start-ups, SMEs, and larger organisations — across at least 17 disclosed industries, including technology, life sciences, healthcare, financial services, gaming, and sustainability.

The business model is a recurring subscription / pay-as-you-go hybrid: serviced offices billed annually, Club Lounge and virtual offices billed monthly, meeting rooms and event space on a pay-as-you-go basis. GTM is direct-to-consumer, relying on walk-in tours, a SEO-oriented website, broad organic social presence (LinkedIn, Twitter/X, Facebook, Instagram, YouTube), and monthly newsletters, supplemented by minor partnership perks (gym, hotel, lifestyle discounts). Customer concentration risk is low given a long-tail tenant base, but no revenue or profitability figures are publicly disclosed.

Name

Electric Works

Legal name

Electric Works

Website

https://electric-works.net

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Electric Works operates a single flexible-workspace facility in Sheffield city centre, UK, offering serviced and co-working offices, meeting rooms, event space, and virtual office services to freelancers, start-ups, SMEs, and established businesses across diverse industries.

Ownership category

akta.pro rank

Product category

Flexible Workspace Services

NAICS

Facilities Support Services (561210)

SIC

Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Hybrid Work Enablement & Desk/Room Booking Operations (BPABAFAH)

akta.pro secondary industry

Workplace Technology & Smart Office Support (Room Booking Systems, IT/AV Liaison) (IMAIALAK)

Keywords

• Flexible office space
• Serviced offices
• Co-working space
• Virtual office services
• Meeting room rental

Headquarters

HQ city

Sheffield

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Others

Revenue model

1. Serviced Office Rental: Flexible office space rental on a 1-year license with 20 working days notice period. Includes utility costs, reception services, site maintenance, visitor parking, telephone and internet packages.
2. Meeting Room Hire: Three premium meeting rooms available for board meetings, presentations, conference space, filming, product launches. Free for serviced office clients; paid hire for others.
3. Event Space Rental: Modern ground floor event space for seminars, conferences, training, and recruitment events. Capacity up to 120 theatre style.
4. Virtual Office Packages: Starting at £30/month, providing business address in Sheffield city centre, reception services, post forwarding, and phone answering tailored to customer needs.
5. Club Lounge Membership: Co-working membership with 24/7 access, wifi, unlimited hot drinks, Nespresso machine, local suppliers, and locker rental.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Electric Works is a flexible workspace provider in Sheffield city centre offering serviced, semi-serviced, and un-serviced offices, a co-working Club Lounge, meeting rooms, event space for up to 120 delegates, and virtual office services. Its core output is physical workspace rental bundled with reception, utilities, internet, and ancillary amenities, sold primarily on monthly/annual subscriptions.

Product overview

Electric Works operates as a flexible workspace provider offering a portfolio of complementary physical workspace services. The core offering consists of Serviced, Semi-Serviced, and Un-Serviced Offices providing flexible terms from freelancers to large organisations. Supporting services include Club Lounge (co-working with 24/7 access and amenities), Virtual Office packages for business address needs, and Meeting Rooms with premium AV equipment. Event Space accommodates conferences up to 120 delegates. A unique differentiator is the Helter Skelter — a three-storey indoor slide billed as the largest in any UK office. Serviced offices include complimentary meeting room access, utilities, reception services, and flexible 1-year licensing. All services are located in Sheffield city centre's Digital Campus.

Differentiator

Problem solved

Functional benefit

Products and services

• Serviced Offices Flexible office space available on a 1-year license with 20 working days notice period, including free meeting room use, utilities, reception services, site maintenance, visitor parking, and telephone/internet packages. Targeted at high-growth innovative businesses, entrepreneurs, agile start-ups, SMEs, and global brands needing flexible workspace in Sheffield.
• Semi-Serviced Offices Office space with a mid-level service package, tailored to business size and nature, offering a flexible alternative between fully serviced and un-serviced options. Targeted at businesses needing office space with moderate included services.
• Un-Serviced Offices Basic office space with minimal services included, offering the most flexibility for businesses seeking cost-effective solutions. Targeted at tenants wanting raw office space with minimal bundling.
• Club Lounge (Co-Working Membership) A flexible, relaxing co-working environment with Vitra furniture, 24/7 access, super-fast wifi, unlimited hot drinks, Nespresso machine, locker rental, and use of local suppliers. Targeted at freelancers, remote workers, and small teams needing drop-in or recurring hot-desking.
• Virtual Office Business address services starting at £30/month, providing a Sheffield city centre address, reception services, phone answering tailored to client needs, post acceptance, and forwarding options. Targeted at remote businesses needing a prestigious Sheffield presence.
• Meeting Rooms Three premium meeting rooms set up in boardroom style, equipped with super-fast wifi, built-in power, individual climate control, and optional interactive whiteboard and projector. Available free for serviced office clients and for paid hire by external parties. Targeted at businesses needing professional meeting space for board meetings, presentations, and conference calls.
• Event Space Modern, spacious ground floor event venue ideal for seminars, conferences, training, and recruitment events with 120 capacity (theatre style) or 60 capacity (cabaret/classroom), equipped with super-fast wifi, ethernet, projector, screen, audio-visual facilities, and modern lighting suite. Targeted at organisations hosting seminars, conferences, training, and recruitment events.

Quantifiable outcome

• Two minutes from train station, 10 minutes from M1 motorway
• +2 more outcomes

Named customers25 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered minor and core.

• SIV Health & FitnessminorGTM or Marketing PartnerPartnership with SIV Health & Fitness centres offering Electric Works clients discounted gym memberships at Ponds Forge, just a 5-minute walk from the workspace. This perk enhances the client experience and adds value to office memberships.
• The Work PerkminorGTM or Marketing PartnerCollaboration with The Work Perk to provide members and occupiers with various perks including perfume, food & drink, and tickets. This partnership enhances the overall client experience and adds non-monetary value to memberships.
• Ibis HotelsminorGTM or Marketing PartnerHotel discount partnership providing Electric Works clients with preferential rates at Ibis Hotels. Supports visiting clients and business travellers associated with workspace tenants.
• Leopold HotelminorGTM or Marketing PartnerHotel discount partnership providing Electric Works clients with preferential rates at Leopold Hotel. Supports visiting clients and business travellers associated with workspace tenants.
• Creative Space ManagementcoreStrategic or Co-development PartnerElectric Works is managed by Creative Space Management, which operates workspaces across Yorkshire and the North East. This parent company provides access to a larger support network of facilities, property and community managers, and placemaking consultants. Electric Works benefits from shared resources, expertise, and potential client referrals within the portfolio.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• IWG (Regus / Spaces / HQ): World's largest flexible workspace operator with thousands of locations across the UK including Sheffield. Operates Regus, Spaces, and HQ brands covering serviced offices, coworking, and meeting rooms — directly parallel to Electric Works' full product stack.
• Spaces (IWG brand): Design-focused flexible workspace brand under IWG offering coworking, serviced offices, and event space. Directly competes with Electric Works for SMEs and creative businesses seeking premium, design-led environments with strong meeting and event offerings.

Others

• L Marks: UK-based corporate innovation accelerator and workspace partner that operates innovation hubs and programs for enterprise. Adjacent peer through shared focus on creative and digital business communities in UK regional cities.

Emerging players

• Mindspace: Premium flexible workspace operator with locations across Europe and select UK cities. Offers serviced offices, coworking, meeting rooms, and event spaces with a strong design and community focus — direct overlap with Electric Works' positioning.
• Second Home: Design-led coworking and event space operator known for distinctive physical environments and creative tenant communities. Comparable to Electric Works through its emphasis on a unique architectural experience and creative/digital tenant base.
• Runway East: UK-based flexible workspace provider focused on early-stage startups and scale-ups, with locations in London, Bristol, and Manchester. Comparable in its target segment (high-growth innovative businesses) and its bundled mix of coworking, serviced offices, and events.

Direct peers

• Industrious: US-headquartered flexible workspace operator offering serviced offices, coworking, and event space to mid-market and enterprise clients. Operates a similar hospitality-driven, amenity-rich model with premium meeting rooms and member perks.
• WeWork: Global flexible workspace operator offering coworking, private offices, and event space to SMEs and enterprises. Competes directly for the same target customer base, including creative and digital businesses, with overlapping serviced office and event venue offerings.

Regional players

• The Workmill: UK regional flexible workspace operator offering coworking and serviced offices in cities including Sheffield. Comparable target segment (freelancers, SMEs, startups) and product mix (desk rental, meeting rooms, virtual offices).
• Town Hall Hotel (Coworking spaces): Independent UK flexible workspace and serviced office providers in Sheffield and surrounding regions. Compete for the same Sheffield-based SMEs, freelancers, and event clients, often on proximity and price.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/electricworks
• YouTubeyoutube.com/channel/UCvRYmht3vqxfyH3HQcF3hSw
• Facebookfacebook.com/electricworkssheffield
• LinkedInlinkedin.com/company/electricworks1
• Instagraminstagram.com/electricworks1

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Electric Works