Company History - Virtual Offices & Serviced Offices | Servcorp UK

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Servcorp in London

In 2010 Servcorp, being  the world's finest Serviced and Virtual Office provider with unparalled IT solutions, extended its global footprint into London, UK; one of the world's leading global cities. On 7th January 2010, Servcorp opened its doors to the City of London's (also referred to as the ‘Square Mile') most highly sought after building, Dashwood House, situated above Liverpool Street Station on Old Broad Street. The initial market reaction ranged from 'spectacular' to 'the best serviced office ever seen' to 'there is no comparison in London'.

One year after opening in Dashwood House, Servcorp unveiled its second London business centre at 40 Bank Street in the heart of Canary Wharf, the city's newest commercial business estate and one of London's largest metropolitan areas.

In its short history, Servcorp UK has continued to do what it does best by incubating one successful venture after another. Some clients continue to expand within Servcorp premises and enjoy the services for years whilst other companies grow so big that they move happily into their own premises.

The Servcorp Company History Timeline

  • Alf Moufarrige founded Servcorp in 1978
  • Servcorp pioneered the Virtual Office concept in 1980
  • Servcorp expanded to Singapore then throughout South East Asia, France and Japan
  • Servcorp was publicly listed on the Australian Stock Exchange (SRV) in 1999
  • Launch of Servcorp Online
  • Further global expansion

Alf Moufarrige, as the quintessential entrepreneur, was about to begin a new venture in 1978. First, he required an office space, receptionist and secretarial support, like any new business starting out. He quickly acknowledged that these overheads were eating into his profits and that he was not able to keep his team occupied 100% of the time. He looked to share the space, share a receptionist, share a secretary, share the costs and reduce the overheads.

The idea of Servcorp began!

In a corner office space in the MLC Centre, Sydney in 1978 he started with a piece of chalk to mark out the furniture. From here the idea took hold and grew organically. As he sold one office, he acquired the next. The space quickly grew to one-quarter of a floor with 16 offices.

With enthusiasm, passion and a clear vision of why his formula of Serviced Offices ('multi-tenanted office accommodation') would work, he started to build Servcorp. Alf's formula was simple and he could explain it on the back of an envelope.

Servcorp, within 12 months, had two floors in the MLC Centre, Sydney and a location in Melbourne CBD. To this day, the formula behind 'Why Servcorp works' has not changed - provide the best city location; create a professional environment with the very best technology solutions and team support. A Servcorp Serviced Office is the ideal choice for a company seeking the corporate presence, infrastructure and multinational support without wanting to make the capital investment and commitment normally required. Alf was committed to providing the most cost-effective office solution that would allow clients to focus on their own business and not worry about running the office.

Alf recognised a growing number of home businesses looking for a cost effective city presence and his Servcorp formula was becoming an international success. Alf created the world's first Virtual Office in 1980. A Servcorp Virtual Office® allowed businesses to have the presence, support and facilities of a serviced office without the cost of fulltime office space.

Servcorp, over the following years, expanded into Singapore, France, Japan and across South East Asia, closely followed by expansion into Belgium, the Middle East, China, India and New Zealand.

In 1999, Servcorp was publicly listed on the Australian Stock Exchange (SRV).

34 years on, the formula remains the same: focus on providing business solutions to help our clients save time and money. Servcorp has become a global network which continues to expand. Servcorp's offering is now built around the converged network, allowing clients ultimate portability and flexibility to do business at anytime, from anywhere in the world!