Bangor, County Down

2014 Annual Business Confidence Report

Headlines

  • The second half of 2014 saw a new record in company registrations in Bangor when compared to any previous second half year.
  • Q4 2014 saw a new record in company registrations in Bangor when compared to any previous Q4.
  • November 2014 saw a new record in company registrations in Bangor when compared to any previous November.
  • November 2014 saw a new record in company closures 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 (2014)

    A total of 151 companies were formed in Bangor in 2014. This total is 0.0% the same as in 2013 and compares poorly to the UK figure of a 10.0% growth compared to 529,363 the previous year.

    YearBangorUK
    2014151582,051
    2013151529,363
    2012147491,893
    2011140452,870
    2010121400,358
    Record Year2007 (175)2014 (582,051)
    New Companies by Year
  2. Half Year Data (Jul-Dec 2014)

    The second half of 2014 saw a new record in company registrations in Bangor when compared to any previous second half year.

    In the second half of 2014 a total of 75 companies were formed in Bangor. This figure is 10.3% higher than last year, which compares well to the UK wide figure of 8.2%.

    The highest total for a second half year in Bangor occurred in 2014 when a total of 75 were formed.

    Half Year (Jul-Dec)BangorUK
    201475281,320
    201368259,931
    % change10.3%8.2%
    Record Year2014 (75)2014 (281,320)
    New Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    Q4 2014 saw a new record in company registrations in Bangor when compared to any previous Q4.

    A total of 42 companies were registered in Bangor during the fourth quarter of 2014 (Oct 2014 - Dec 2014).

    This figure is an increase of 40.0% versus the same period last year (Q4 2013). This figure compares well to the UK as a whole, which saw an increase of 8.4% against the same period last year.

    fourth quarter (Oct 2014 - Dec 2014)BangorUK
    201442137,906
    201330127,247
    % change40.0%8.4%
    Record Year 2014 (42) 2014 (137,906)
    New Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    November 2014 saw a new record in company registrations in Bangor when compared to any previous November.

    New Companies by Month
    OctoberNovemberDecember
    New companies in 2014141810
    New companies in 20131758
    % change-17.6%260.0%25.0%
    Record Year2013 (17)2014 (18)2006 (15)

Closed Companies (dissolved)

  1. Annual Data (2014)

    A total of 102 companies were dissolved in Bangor in 2014. This total is 20.0% higher than in 2013 and compares favourably to the UK figure of 10.8% growth compared to the previous year.

    YearBangorUK
    2014102367,937
    201385332,213
    2012103293,729
    2011118314,524
    2010161342,233
    Record Year2010 (161)2009 (533,789)
    Dissolved Companies by Year
  2. Half Year Data (Jul-Dec 2014)

    In the second half of 2014 a total of 54 companies were dissolved in Bangor. This figure is 28.6% higher than last year, which compares badly to the UK wide change of 7.7%.

    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
    201454190,730
    201342177,021
    % change28.6%7.7%
    Record Year2010 (114)2009 (244,544)
    Dissolved Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    A total of 34 companies were dissolved in Bangor during the fourth quarter of 2014 (Oct 2014 - Dec 2014).

    This figure is an increase of 70.0% versus the same period last year (Q4 2013). This figure compares poorly to the UK as a whole, which saw a decrease of 2.0% against the same period last year.

    fourth quarter (Oct 2014 - Dec 2014)BangorUK
    20143489,060
    20132090,851
    % change70.0%-2.0%
    Record Year 2010 (58) 2013 (90,851)
    Dissolved Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    November 2014 saw a new record in company closures in Bangor when compared to any previous November.

    Dissolved Companies by Month
    OctoberNovemberDecember
    Closed companies in 201411194
    Closed companies in 2013794
    % change57.1%111.1%0%
    Record Year2010 (47)2014 (19)2011 (11)

Net Company Growth

  1. Annual Data (2014)

    A total of 49 companies were added to the company register for Bangor in 2014. This number represents growth of 32.5% in the total number of active companies, which compares unfavourably to the UK figure of 36.8%.

    This number is 17 companies lower 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
    201449214,114
    201366197,150
    201244198,164
    201122138,346
    2010-4058,125
    Record Year2007 (173)2007 (237,353)
    Net Growth by Year
  2. Half Year Data (Jul-Dec 2014)

    In the second half of 2014 the company register for Bangor increased by 21 companies.

    Half Year (Jul-Dec)BangorUK
    20142190,590
    20132682,910
    Record Year2007 (72)2003 (117,772)
    Net Growth by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    Net company growth for Bangor during the fourth quarter of 2014 (Oct 2014 - Dec 2014) was 8 companies.

    fourth quarter (Oct 2014 - Dec 2014)BangorUK
    2014848,846
    20131036,396
    Record Year 2006 (39) 2012 (49,848)
    Net Growth by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    Net Growth by Month
    OctoberNovemberDecember
    Net growth in 20143-16
    Net growth in 201310-44
    Record Year2002 (15)2003 (16)2006 (15)

UK Company Share

  1. Annual Data (2014)

    In 2014 Bangor formed 0.0% of all UK companies. This is no change on 2013 when Bangor was responsible for 0.0% of all UK companies.

    YearBangor
    20140.0%
    20130.0%
    20120.0%
    20110.0%
    20100.0%
    Record Year (since 1960)1965 (0.1%)
    Company Share by Year
  2. Half Year Data (Jul-Dec 2014)

    In the second half of 2014 Bangor formed 0.0% of all UK companies. This is the same as the 2013 figure of 0.0%.

    Half Year (Jul-Dec)Bangor
    20140.0%
    20130.0%
    20120.0%
    20110.0%
    20100.0%
    Record Year (since 1960) 1968 (0.1%)
    Company Share by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    In the fourth quarter of 2014, Bangor formed 0.0% of all UK companies.

    fourth quarter (Oct 2014 - Dec 2014)Bangor
    20140.0%
    20130.0%
    20120.0%
    20110.0%
    20100.0%
    Record Year (since 1960) 1978 (0.1%)
    Company Share by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    Company Share by Month
    OctoberNovemberDecember
    UK formation share in 20140.0%0.0%0.0%
    UK formation share in 20130.0%0.0%0.0%
    % change-21.6%241.4%7.4%
    Record Year1985 (0.1%)1956 (0.3%)1930 (1.0%)

Director Age

  1. Annual Data (2014)

    The average age of a director in 2014 was 46.1.

    The percentage of directors under the age of 25 was 2.8% compared to the UK figure of 4.0%.

    The percentage of directors over the age of 65 was 3.1% compared to the UK figure of 4.0%.

    Director Age by Year
  2. Half Year Data (Jul-Dec 2014)

    The average age of a director in the second half of 2014 was 44.8.

    The percentage of directors under the age of 25 was 3.0% compared to the UK figure of 3.7%.

    The percentage of directors over the age of 65 was 4.8% compared to the UK figure of 4.5%.

    Director Age by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    The average age of a director in the fourth quarter of 2014 was 43.9.

    The percentage of directors under the age of 25 was 3.1% compared to the UK figure of 3.8%.

    The percentage of directors over the age of 65 was 6.2% compared to the UK figure of 4.5%.

    Director Age by Quarter

Director Gender

  1. Annual Data (2014)

    The record year for female directors in Bangor was 1956 when 100.0% of all directors were female.

    The percentage of female directors in Bangor in 2014 was 37.8%. The average for the UK during this time was 26.1%

    Director Gender by Year
  2. Half Year Data (Jul-Dec 2014)

    The record second half year for female directors in Bangor was 2012 when 40.9% of all directors were female.

    33.3% of all director appointments in Bangor in the second half of 2014 were female. This compares to a UK average of 26.1% for the same period.

    Director Gender by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    The record fourth quarter for female directors in Bangor was in 2012 when 39.1% of all directors were female.

    32.0% of all director appointments in Bangor in the fourth quarter of 2014 were female. This compares to a UK average of 25.8% for the same period.

    Director Gender by Quarter

Naming Trends

  1. Previous 12 months (Dec 2013-Dec 2014)

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

    wordpercentageuk worduk percentage
    CONSULTING2.66%CONSULTING5.22%
    MANAGEMENT2.66%MANAGEMENT4.58%
    (NI)1.66%CONSULTANCY3.57%
    PROPERTY1.00%PROPERTY2.66%
    BANGOR1.00%CONSTRUCTION2.12%
    ENGINEERING1.00%ENGINEERING2.10%
    ESTATES0.66%CARE2.02%
    NI0.66%TRADING1.94%
    C.I.C.0.66%LONDON1.93%
    RDA0.66%TRANSPORT1.93%
    FINANCIAL0.66%DESIGN1.66%
    FOOD0.66%CONSULTANTS1.64%
    TRAINING0.66%ELECTRICAL1.62%
    RED0.66%PROPERTIES1.62%
    N.I0.66%BUSINESS1.56%
    ELECTRICS0.66%J1.54%
    CATERING0.66%CO.,1.50%
    KELLY0.66%GLOBAL1.49%
    BUSINESS0.66%INVESTMENTS1.48%
    W0.66%ASSOCIATES1.47%
    ENVIRONMENTAL0.66%DEVELOPMENTS1.35%
    ROAD0.66%MEDIA1.33%
    CONSULTANCY0.66%IT1.31%
    NORTHERN0.66%BUILDING1.29%
    IRELAND0.66%M1.22%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied47265,608
    70229 - Management consultancy activities other than financial management1142,290
    56101 - Licensed restaurants108,782
    99999 - Dormant Company1048,509
    62020 - Information technology consultancy activities1030,178
    82990 - Other business support service activities not elsewhere classified958,068
    43999 - Other specialised construction activities not elsewhere classified88,761
    41100 - Development of building projects511,397
    45200 - Maintenance and repair of motor vehicles55,425
    68100 - Buying and selling of own real estate57,106
    96090 - Other service activities not elsewhere classified529,009
    47599 - Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store41,523
    68209 - Other letting and operating of own or leased real estate411,212
    69102 - Solicitors42,677
    82200 - Activities of call centres4351
    56102 - Unlicensed restaurants and cafes44,745
    86900 - Other human health activities412,976
    62012 - Business and domestic software development49,752
    64999 - Financial intermediation not elsewhere classified36,083
    86230 - Dental practice activities32,164

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    NI628184 DECARITAS LTD 04 Dec 2014
    NI628221 BATTLESTORE LTD 08 Dec 2014
    NI628225 HATCHING HOMES LIMITED 08 Dec 2014
    NI628252 W KANE PROPERTY LTD 10 Dec 2014
    NI628309 19ATBLACKWOOD LTD 12 Dec 2014
    NI628238 CASTLEBAWN DENTAL LABORATORY LTD 09 Dec 2014
    NI628253 HAZELDENE CONSULTING LIMITED 10 Dec 2014
    NI628284 BARTONKEYS LIMITED 11 Dec 2014
    NI628323 MESSRSMERCER LIMITED 15 Dec 2014
    NI628336 KG PROMOTIONS LTD 16 Dec 2014

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