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Bangor, County Down

2011 Annual Business Confidence Report

Headlines

  • December 2011 saw a new record in company closures in Bangor when compared to any previous December.
  • November 2011 saw a new record in company closures in Bangor when compared to any previous November.
  • November 2011 saw a new record in net growth in Bangor when compared to any previous November.

Contents

  1. New Company Registrations
  2. Closed Companies (dissolved)
  3. Net Company Growth
  4. UK Company Share
  5. Director Age
  6. Director Gender
  7. Naming Trends
  8. SIC Data
  9. Recent Companies

New Company Registrations

  1. Annual Data (2011)

    A total of 140 companies were formed in Bangor in 2011. This total is 15.7% higher than in 2010 and compares favourably to the UK figure of a 13.1% growth compared to 400,358 the previous year.

    YearBangorUK
    2011140452,870
    2010121400,358
    200996362,675
    200896349,203
    2007175457,649
    Record Year2007 (175)2007 (457,649)
    New Companies by Year
  2. Half Year Data (Jul-Dec 2011)

    In the second half of 2011 a total of 63 companies were formed in Bangor. This figure is 6.0% lower than last year, which compares badly to the UK wide figure of 14.0%.

    The highest total for a second half year in Bangor occurred in 2003 when a total of 72 were formed.

    Half Year (Jul-Dec)BangorUK
    201163224,135
    201067196,609
    % change-6.0%14.0%
    Record Year2003 (72)2011 (224,135)
    New Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2011)

    A total of 33 companies were registered in Bangor during the fourth quarter of 2011 (Oct 2011 - Dec 2011).

    This figure is an increase of 3.1% versus the same period last year (Q4 2010). This figure compares badly to the UK as a whole, which saw an increase of 15.3% against the same period last year.

    fourth quarter (Oct 2011 - Dec 2011)BangorUK
    201133109,623
    20103295,117
    % change3.1%15.3%
    Record Year 2006 (39) 2011 (109,623)
    New Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2011)

    New Companies by Month
    OctoberNovemberDecember
    New companies in 20119159
    New companies in 201010913
    % change-10.0%66.7%-30.8%
    Record Year2002 (15)2003 (16)2006 (15)

Closed Companies (dissolved)

  1. Annual Data (2011)

    A total of 118 companies were dissolved in Bangor in 2011. This total is 26.7% lower than in 2010 and compares unfavourably to the UK figure of 8.1% decrease compared to the previous year.

    YearBangorUK
    2011118314,523
    2010161342,232
    20097533,773
    20082220,295
    20072189,329
    Record Year2010 (161)2009 (533,773)
    Dissolved Companies by Year
  2. Half Year Data (Jul-Dec 2011)

    In the second half of 2011 a total of 58 companies were dissolved in Bangor. This figure is 49.1% lower than last year, which compares well to the UK wide change of -7.5%.

    The highest total for a second half year in Bangor occurred in 2010 when a total of 114 were closed.

    Half Year (Jul-Dec)BangorUK
    201158152,213
    2010114164,601
    % change-49.1%-7.5%
    Record Year2010 (114)2009 (244,537)
    Dissolved Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2011)

    A total of 29 companies were dissolved in Bangor during the fourth quarter of 2011 (Oct 2011 - Dec 2011).

    This figure is a decrease of 50.0% versus the same period last year (Q4 2010). This figure compares well to the UK as a whole, which saw an increase of 4.0% against the same period last year.

    fourth quarter (Oct 2011 - Dec 2011)BangorUK
    20112979,983
    20105876,896
    % change-50.0%4.0%
    Record Year 2010 (58) 2009 (85,136)
    Dissolved Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2011)

    December 2011 saw a new record in company closures in Bangor when compared to any previous December.

    November 2011 saw a new record in company closures in Bangor when compared to any previous November.

    Dissolved Companies by Month
    OctoberNovemberDecember
    Closed companies in 20119911
    Closed companies in 20104747
    % change-80.9%125.0%57%
    Record Year2010 (47)2011 (9)2011 (11)

Net Company Growth

  1. Annual Data (2011)

    A total of 22 companies were added to the company register for Bangor in 2011. This number represents growth of 18.2% in the total number of active companies, which compares unfavourably to the UK figure of 34.6%.

    This number is 62 companies higher than the previous year.

    The highest net company growth figure ever seen in one year came in 2007 when the Bangor company register grew by 173 companies.

    YearBangorUK
    201122138,347
    2010-4058,126
    200989-171,098
    2008173237,354
    2007104178,360
    Record Year2007 (173)2003 (242,543)
    Net Growth by Year
  2. Half Year Data (Jul-Dec 2011)

    In the second half of 2011 the company register for Bangor increased by 5 companies.

    Half Year (Jul-Dec)BangorUK
    2011571,922
    2010-4732,008
    Record Year2009 (56)2003 (117,772)
    Net Growth by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2011)

    Net company growth for Bangor during the fourth quarter of 2011 (Oct 2011 - Dec 2011) was 4 companies.

    fourth quarter (Oct 2011 - Dec 2011)BangorUK
    2011429,640
    2010-2618,221
    Record Year 2009 (23) 2003 (57,175)
    Net Growth by Quarter
  4. Monthly Data (Oct, Nov & Dec 2011)

    November 2011 saw a new record in net growth in Bangor when compared to any previous November.

    Net Growth by Month
    OctoberNovemberDecember
    Net growth in 201106-2
    Net growth in 2010-3756
    Record Year2009 (8)2011 (6)2010 (6)

UK Company Share

  1. Annual Data (2011)

    In 2011 Bangor formed 0.0% of all UK companies. This is no change on 2010 when Bangor was responsible for 0.0% of all UK companies.

    YearBangor
    20110.0%
    20100.0%
    20090.0%
    20080.0%
    20070.0%
    Record Year (since 1960)1965 (0.1%)
    Company Share by Year
  2. Half Year Data (Jul-Dec 2011)

    In the second half of 2011 Bangor formed 0.0% of all UK companies. This is the same as the 2010 figure of 0.0%.

    Half Year (Jul-Dec)Bangor
    20110.0%
    20100.0%
    20090.0%
    20080.0%
    20070.0%
    Record Year (since 1960) 1968 (0.2%)
    Company Share by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2011)

    In the fourth quarter of 2011, Bangor formed 0.0% of all UK companies.

    fourth quarter (Oct 2011 - Dec 2011)Bangor
    20110.0%
    20100.0%
    20090.0%
    20080.0%
    20070.0%
    Record Year (since 1960) 1968 (0.1%)
    Company Share by Quarter
  4. Monthly Data (Oct, Nov & Dec 2011)

    Company Share by Month
    OctoberNovemberDecember
    UK formation share in 20110.0%0.0%0.0%
    UK formation share in 20100.0%0.0%0.0%
    % change-21.5%42.0%-38.6%
    Record Year1964 (0.3%)1978 (0.3%)1965 (0.4%)

Director Age

  1. Annual Data (2011)

    The average age of a director in 2011 was 44.3.

    The percentage of directors under the age of 25 was 2.5% compared to the UK figure of 3.7%.

    The percentage of directors over the age of 65 was 4.5% compared to the UK figure of 4.2%.

    Director Age by Year
  2. Half Year Data (Jul-Dec 2011)

    The average age of a director in the second half of 2011 was 44.1.

    The percentage of directors under the age of 25 was 3.6% compared to the UK figure of 4.1%.

    The percentage of directors over the age of 65 was 7.2% compared to the UK figure of 4.1%.

    Director Age by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2011)

    The average age of a director in the fourth quarter of 2011 was 46.7.

    The percentage of directors under the age of 25 was 4.7% compared to the UK figure of 4.2%.

    The percentage of directors over the age of 65 was 11.6% compared to the UK figure of 4.1%.

    Director Age by Quarter

Director Gender

  1. Annual Data (2011)

    The record year for female directors in Bangor was 1857 when 36.4% of all directors were female.

    The percentage of female directors in Bangor in 2011 was 29.8%. The average for the UK during this time was 28.6%

    Director Gender by Year
  2. Half Year Data (Jul-Dec 2011)

    The record second half year for female directors in Bangor was 1860 when 42.9% of all directors were female.

    30.9% of all director appointments in Bangor in the second half of 2011 were female. This compares to a UK average of 25.7% for the same period.

    Director Gender by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2011)

    The record fourth quarter for female directors in Bangor was in 1977 when 31.1% of all directors were female.

    32.0% of all director appointments in Bangor in the fourth quarter of 2011 were female. This compares to a UK average of 25.3% for the same period.

    Director Gender by Quarter

Naming Trends

  1. Previous 12 months (Dec 2010-Dec 2011)

    Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.

    wordpercentageuk worduk percentage
    DISTRIBUTION1.79%CONSULTING5.07%
    (ICE1.43%MANAGEMENT4.74%
    LEISURE1.43%CONSULTANCY3.26%
    CREAM)1.43%PROPERTY2.37%
    RETAIL1.08%TRADING2.07%
    ENERGY1.08%DESIGN1.92%
    BEAUTY1.08%ASSOCIATES1.86%
    NORTH1.08%ENGINEERING1.78%
    MIN1.08%BUSINESS1.78%
    NI1.08%CONSULTANTS1.76%
    MANAGEMENT1.08%CONSTRUCTION1.73%
    BIG0.72%MEDIA1.71%
    OFFICE0.72%LONDON1.63%
    VAN0.72%J1.51%
    ARTS0.72%INVESTMENTS1.48%
    CO0.72%GLOBAL1.46%
    DRAMA0.72%IT1.41%
    FOOD0.72%CARE1.39%
    EAT0.72%PROPERTIES1.29%
    ENTERTAINMENT0.72%ELECTRICAL1.29%
    BUILD0.72%M1.27%
    K0.72%BUILDING1.26%
    TRADING0.72%ENERGY1.25%
    CLUB0.72%S1.20%
    BLUE0.72%ENTERPRISES1.20%

SIC Data

  1. Previous 36 months, excluding companies less than 12 months old

    sic codenumber of companiesuk companies
    None Supplied39205,525
    7487 - Other business activities1157,052
    9999 - Dormant Company920,199
    7414 - Business & management consultancy813,034
    82990 - Other business support service activities not elsewhere classified732,483
    5530 - Restaurants65,013
    99999 - Dormant Company521,846
    96020 - Hairdressing and other beauty treatment42,380
    7222 - Other software consultancy and supply47,398
    72190 - Other research and experimental development on natural sciences and engineering3666
    69201 - Accounting and auditing activities33,633
    62012 - Business and domestic software development33,714
    98000 - Residents property management32,874
    93199 - Other sports activities31,768
    5212 - Other retail non-specialised stores31,088
    58190 - Other publishing activities3996
    4521 - General construction & civil engineering25,558
    4525 - Other special trades construction21,651
    96090 - Other service activities not elsewhere classified211,768
    60100 - Radio broadcasting2173

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    NI610220 EAT-NI LTD 05 Dec 2011
    NI610223 EAT-GROUP LTD 05 Dec 2011
    NI610293 GRACE'S IRISH FOODS LTD 08 Dec 2011
    NI610383 GOLDSEC LIMITED 15 Dec 2011
    NI610480 MIRROREYEZ LTD 21 Dec 2011
    NI610192 FEATHER AND FORTUNE LTD 01 Dec 2011
    NI610323 JOHN ROBB INTERIORS LTD 12 Dec 2011
    NI610376 NS SPA LIMITED 14 Dec 2011
    NI610467 THINK DIFFERENTLY LIMITED 21 Dec 2011

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