Perseverance Works. The Creative Hub of Shoreditch
At the hub of creativity in London is Shoreditch. And at the hub of creativity in Shoreditch is the thriving community of businesses that is Perseverance Works.
Uniquely, PW is not a shared work space – each of the businesses here, which include architects, graphic designers, photographers, TV post production companies, editors and many more, either owns their own space or leases it directly from the owner. Each owner is also a shareholder in PWFL (Perseverance Works Freeholders Ltd), the company that manages the whole entity. So everyone, freeholders and leaseholders alike, has quick and easy access to discussions about how the site should develop and how it should be run.
So you get the benefits of having your own studio, office or workshop while mixing and mingling with other like-minded businesses. You also get the benefit of some of the most advanced flexible fibreoptic connectivity, funded by a government grant of £90,000 and designed to be ready for every and any new development as it comes along.
Speak to any of our resident businesses and you will hear the same thing – the atmosphere of creativity and cooperation reaches levels you won’t find anywhere else in London. Perseverance Works has its own zeitgeist, its own highly-productive, creatively-charged ambience. It is far more than just an assembly of interesting spaces in an enviable location.
Businesses at Perseverance Works span (but are not confined to) architecture, illustration, graphic design, photography, television production and editing. The majority of head leaseholders own a share in PWFL, the owners of the freehold interest.
If your business is looking to re locate here is what we have available at Perseverance Works properties for sale to let.
How we’re managed
PWFL is run by a board of directors many of whom have businesses on site, ensuring we all work towards and establish best practise for the space. The site is run for the sole benefit of all who live and work here. The Board’s ethos is best described as a commitment to ensuring effective, efficient and friendly management for all at Perseverance Works. This has enabled a strong sense of community to thrive.
The site services are managed on a not-for-profit basis, though there is a small amount of commercial activity. Service Charges are charged at cost.
Why is the site managed by shareholders?
Our approach has enormous benefits for businesses and residents alike because:
• It is self-sustaining – All money raised through the service charge is channeled into site maintenance and security, managed on a value for money basis.
• We reinvest in site development – Commercial activity is mainly in photographic location hire and a small car parking operation. All revenues are reinvested in new or improved facilities for all who work and live at PW.
I have a site issue. Who do I contact?
Facilities management and administration issues are handled by Paul King, a longstanding PW tenant, on a part-time basis. Shareholders and tenants are encouraged to make contact regarding repairs and maintenance via email or entries in the Facilities Management Logbook, held at the security cabin.
How do I find out about PWFL financials?
Annual Budgets are prepared and published on our site to enable PWFL to meet the commitment to shareholders, tenants and HM Revenue and Customs. PWFL accountancy/book-keeping are handled on a part-time basis, usually carried out on a Monday. Site suppliers are advised that electronic invoicing will facilitate prompt payment.
What else is on the website?
Our website also provides information on site management, security, car-parking, upcoming courtyard events (social or maintenance), commercial activity in the courtyard, fire evacuation, refuse collection and recycling. If you would like to be part of our community, have a look at our property listings at PW.