Aberdeen, Aberdeenshire
2010 Annual Business Confidence Report
Headlines
- 2010 was a record year for company closures in Aberdeen when compared to any year in history.
- The second half of 2010 saw a new record in company closures in Aberdeen when compared to any previous second half year.
- The second half of 2010 was a record second half year for company closures in Aberdeen when compared to any half year in history.
- Q4 2010 saw a new record in company closures in Aberdeen when compared to any previous Q4.
- December 2010 saw a new record in company closures in Aberdeen when compared to any previous December.
Contents
New Company Registrations
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Annual Data (2010)
A total of 1,592 companies were formed in Aberdeen in 2010. This total is 35.5% higher than in 2009 and compares favourably to the UK figure of a 10.4% growth compared to 362,675 the previous year.
Year Aberdeen UK 2010 1,592 400,358 2009 1,175 362,675 2008 1,376 349,203 2007 2,079 457,649 2006 1,906 405,440 Record Year 2007 (2,079) 2007 (457,649) New Companies by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 a total of 733 companies were formed in Aberdeen. This figure is 32.3% higher than last year, which compares well to the UK wide figure of 8.8%.
The highest total for a second half year in Aberdeen occurred in 2006 when a total of 898 were formed.
Half Year (Jul-Dec) Aberdeen UK 2010 733 196,609 2009 554 180,654 % change 32.3% 8.8% Record Year 2006 (898) 2003 (201,446) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
A total of 375 companies were registered in Aberdeen during the fourth quarter of 2010 (Oct 2010 - Dec 2010).
This figure is an increase of 38.4% versus the same period last year (Q4 2009). This figure compares well to the UK as a whole, which saw an increase of 10.6% against the same period last year.
fourth quarter (Oct 2010 - Dec 2010) Aberdeen UK 2010 375 95,117 2009 271 85,983 % change 38.4% 10.6% Record Year 2006 (510) 2010 (95,117) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
New Companies by Month
October November December New companies in 2010 117 143 115 New companies in 2009 90 99 82 % change 30.0% 44.4% 40.2% Record Year 2006 (328) 2001 (157) 2003 (183)
Closed Companies (dissolved)
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Annual Data (2010)
2010 was a record year for company closures in Aberdeen when compared to any year in history.
A total of 1,794 companies were dissolved in Aberdeen in 2010. This total is 17.4% higher than in 2009 and compares favourably to the UK figure of 35.9% decrease compared to the previous year.
Year Aberdeen UK 2010 1,794 342,232 2009 1,528 533,773 2008 951 237,901 2007 770 220,295 2006 743 200,166 Record Year 2010 (1,794) 2009 (533,773) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2010)
The second half of 2010 saw a new record in company closures in Aberdeen when compared to any previous second half year.
The second half of 2010 was a record second half year for company closures in Aberdeen when compared to any half year in history.
In the second half of 2010 a total of 901 companies were dissolved in Aberdeen. This figure is 36.1% higher than last year, which compares badly to the UK wide change of -32.7%.
The highest total for a second half year in Aberdeen occurred in 2010 when a total of 901 were closed.
Half Year (Jul-Dec) Aberdeen UK 2010 901 164,601 2009 662 244,537 % change 36.1% -32.7% Record Year 2010 (901) 2009 (244,537) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
Q4 2010 saw a new record in company closures in Aberdeen when compared to any previous Q4.
A total of 478 companies were dissolved in Aberdeen during the fourth quarter of 2010 (Oct 2010 - Dec 2010).
This figure is an increase of 44.4% versus the same period last year (Q4 2009). This figure compares poorly to the UK as a whole, which saw a decrease of 9.7% against the same period last year.
fourth quarter (Oct 2010 - Dec 2010) Aberdeen UK 2010 478 76,896 2009 331 85,136 % change 44.4% -9.7% Record Year 2010 (478) 2009 (85,136) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
December 2010 saw a new record in company closures in Aberdeen when compared to any previous December.
Dissolved Companies by Month
October November December Closed companies in 2010 172 98 208 Closed companies in 2009 139 123 69 % change 23.7% -20.3% 201% Record Year 2008 (375) 2009 (123) 2010 (208)
Net Company Growth
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Annual Data (2010)
A total of -202 companies were removed to the company register for Aberdeen in 2010. This number represents decline of 17.2% in the total number of active companies, which compares unfavourably to the UK figure of 16.0%.
This number is 151 companies higher than the previous year.
The highest net company growth figure ever seen in one year came in 2007 when the Aberdeen company register grew by 1,309 companies.
Year Aberdeen UK 2010 -202 58,126 2009 -353 -171,098 2008 425 111,302 2007 1,309 237,354 2006 1,163 205,274 Record Year 2007 (1,309) 2003 (242,543) Net Growth by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 the company register for Aberdeen decreased by 168 companies.
Half Year (Jul-Dec) Aberdeen UK 2010 -168 32,008 2009 -108 -63,883 Record Year 2006 (514) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
Net company growth for Aberdeen during the fourth quarter of 2010 (Oct 2010 - Dec 2010) was -103 companies.
fourth quarter (Oct 2010 - Dec 2010) Aberdeen UK 2010 -103 18,221 2009 -60 847 Record Year 2006 (316) 2003 (57,175) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
Net Growth by Month
October November December Net growth in 2010 -55 45 -93 Net growth in 2009 -49 -24 13 Record Year 2006 (264) 2001 (87) 2003 (149)
UK Company Share
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Annual Data (2010)
In 2010 Aberdeen formed 0.4% of all UK companies. This is an improvement on 2009 when Aberdeen was responsible for 0.3% of all UK companies.
Year Aberdeen 2010 0.4% 2009 0.3% 2008 0.4% 2007 0.5% 2006 0.5% Record Year (since 1960) 1990 (0.8%) Company Share by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 Aberdeen formed 0.4% of all UK companies. This is more than the 2009 figure of 0.3%.
Half Year (Jul-Dec) Aberdeen 2010 0.4% 2009 0.3% 2008 0.4% 2007 0.4% 2006 0.5% Record Year (since 1960) 1989 (0.8%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
In the fourth quarter of 2010, Aberdeen formed 0.4% of all UK companies.
fourth quarter (Oct 2010 - Dec 2010) Aberdeen 2010 0.4% 2009 0.3% 2008 0.4% 2007 0.4% 2006 0.5% Record Year (since 1960) 1988 (0.8%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
Company Share by Month
October November December UK formation share in 2010 0.3% 0.4% 0.4% UK formation share in 2009 0.3% 0.3% 0.3% % change 13.8% 29.1% 33.4% Record Year 1985 (1.4%) 1990 (1.0%) 1988 (1.0%)
Director Age
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Annual Data (2010)
The average age of a director in 2010 was 43.4.
The percentage of directors under the age of 25 was 1.8% compared to the UK figure of 2.5%.
The percentage of directors over the age of 65 was 2.1% compared to the UK figure of 4.5%.
Director Age by Year
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Half Year Data (Jul-Dec 2010)
The average age of a director in the second half of 2010 was 42.9.
The percentage of directors under the age of 25 was 2.5% compared to the UK figure of 2.8%.
The percentage of directors over the age of 65 was 1.4% compared to the UK figure of 4.4%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
The average age of a director in the fourth quarter of 2010 was 43.2.
The percentage of directors under the age of 25 was 3.3% compared to the UK figure of 3.0%.
The percentage of directors over the age of 65 was 2.2% compared to the UK figure of 4.4%.
Director Age by Quarter
Director Gender
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Annual Data (2010)
The record year for female directors in Aberdeen was 1857 when 36.4% of all directors were female.
The percentage of female directors in Aberdeen in 2010 was 25.5%. The average for the UK during this time was 26.2%
Director Gender by Year
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Half Year Data (Jul-Dec 2010)
The record second half year for female directors in Aberdeen was 1860 when 42.9% of all directors were female.
28.0% of all director appointments in Aberdeen in the second half of 2010 were female. This compares to a UK average of 25.0% for the same period.
Director Gender by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
The record fourth quarter for female directors in Aberdeen was in 1977 when 31.1% of all directors were female.
26.0% of all director appointments in Aberdeen in the fourth quarter of 2010 were female. This compares to a UK average of 24.7% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Dec 2009-Dec 2010)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage ENGINEERING 4.95% CONSULTING 5.06% ABERDEEN 2.75% MANAGEMENT 5.01% (ABERDEEN) 1.91% CONSULTANCY 3.14% CONSULTING 1.91% PROPERTY 2.36% CONSULTANCY 1.63% TRADING 2.11% CONSULTANTS 1.63% ASSOCIATES 1.95% MANAGEMENT 1.63% DESIGN 1.92% ENERGY 1.59% BUSINESS 1.82% DESIGN 1.40% CONSTRUCTION 1.82% SUBSEA 1.35% CONSULTANTS 1.76% (SCOTLAND) 1.07% MEDIA 1.71% SCOTLAND 0.93% ENGINEERING 1.62% OFFSHORE 0.79% LONDON 1.60% MOUNTWEST 0.70% CARE 1.45% MARINE 0.70% INVESTMENTS 1.44% ENTERPRISES 0.65% GLOBAL 1.43% CONSTRUCTION 0.65% J 1.42% S 0.65% IT 1.41% PROPERTY 0.65% PROPERTIES 1.34% INSPECTION 0.61% INTERNATIONAL 1.34% GLOBAL 0.61% BUILDING 1.34% PROJECT 0.61% M 1.30% DRILLING 0.56% ELECTRICAL 1.25% G 0.56% SYSTEMS 1.24% ASSOCIATES 0.51% S 1.23%
SIC Data
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Previous 36 months, excluding companies less than 12 months old
sic code number of companies uk companies None Supplied 580 199,572 7487 - Other business activities 368 63,348 82990 - Other business support service activities not elsewhere classified 271 27,550 74909 - Other professional, scientific and technical activities not elsewhere classified 123 7,088 7414 - Business & management consultancy 66 13,474 70229 - Management consultancy activities other than financial management 57 14,505 09100 - Support activities for petroleum and natural gas extraction 50 306 96090 - Other service activities not elsewhere classified 42 8,799 1120 - Services to oil and gas extraction 41 263 71129 - Other engineering activities 39 1,513 9305 - Other service activities 34 8,858 9999 - Dormant Company 30 20,144 74990 - Non-trading company 28 8,243 5530 - Restaurants 26 4,939 06100 - Extraction of crude petroleum 24 185 99999 - Dormant Company 23 16,285 62020 - Information technology consultancy activities 22 9,177 7499 - Non-trading company 20 12,000 71122 - Engineering related scientific and technical consulting activities 19 673 68209 - Other letting and operating of own or leased real estate 17 3,755
Recent Companies
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Randomly selected companies from this quarter
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