These days, Vanessa Reed might walk the corridors of power. But 11 years ago, when she arrived at the PRS Foundation as CEO, she was just in a corridor.

“Funnily enough, PRS Foundation and Merlin used to be in the same corridor in [former PRS HQ] Berners Street,” she chuckles, in the rooftop cafe of PRS’ rather fancier modern building in King’s Cross. “People used to walk through our office to get to Merlin and vice versa. We both had ...