Barking, Essex

Q1 2014 Business Confidence Report

Headlines

  • Q1 2014 saw a new record in company registrations in Barking when compared to any previous Q1.
  • Q1 2014 was a record quarter for company registrations in Barking when compared to any quarter in history.
  • March 2014 saw a new record in company registrations in Barking when compared to any previous March.
  • February 2014 saw a new record in company closures in Barking when compared to any previous February.
  • March 2014 saw a new record in net growth in Barking when compared to any previous March.

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. Quarterly Data (Q1 Jan-Mar 2014)

    Q1 2014 saw a new record in company registrations in Barking when compared to any previous Q1.

    Q1 2014 was a record quarter for company registrations in Barking when compared to any quarter in history.

    A total of 275 companies were registered in Barking during the first quarter of 2014 (Jan 2014 - Mar 2014).

    This figure is an increase of 9.6% versus the same period last year (Q1 2013). This figure compares equally to the UK as a whole, which saw an increase of 11.8% against the same period last year.

    first quarter (Jan 2014 - Mar 2014)BarkingUK
    2014275150,722
    2013251134,802
    % change9.6%11.8%
    Record Year 2014 (275) 2007 (166,814)
    New Companies by Quarter
  2. Monthly Data (Jan, Feb & Mar 2014)

    March 2014 saw a new record in company registrations in Barking when compared to any previous March.

    New Companies by Month
    JanuaryFebruaryMarch
    New companies in 20149078107
    New companies in 20131137365
    % change-20.4%6.8%64.6%
    Record Year2013 (113)1994 (112)2014 (107)

Closed Companies (dissolved)

  1. Quarterly Data (Q1 Jan-Mar 2014)

    A total of 145 companies were dissolved in Barking during the first quarter of 2014 (Jan 2014 - Mar 2014).

    This figure is an increase of 15.1% versus the same period last year (Q1 2013). This figure compares poorly to the UK as a whole, which saw an increase of 5.7% against the same period last year.

    first quarter (Jan 2014 - Mar 2014)BarkingUK
    201414582,370
    201312677,914
    % change15.1%5.7%
    Record Year 2014 (145) 2009 (108,066)
    Dissolved Companies by Quarter
  2. Monthly Data (Jan, Feb & Mar 2014)

    February 2014 saw a new record in company closures in Barking when compared to any previous February.

    Dissolved Companies by Month
    JanuaryFebruaryMarch
    Closed companies in 2014365752
    Closed companies in 2013534330
    % change-32.1%32.6%73%
    Record Year2011 (56)2014 (57)2009 (90)

Net Company Growth

  1. Quarterly Data (Q1 Jan-Mar 2014)

    Net company growth for Barking during the first quarter of 2014 (Jan 2014 - Mar 2014) was 130 companies.

    first quarter (Jan 2014 - Mar 2014)BarkingUK
    201413068,352
    201312556,888
    Record Year 2014 (130) 2007 (111,282)
    Net Growth by Quarter
  2. Monthly Data (Jan, Feb & Mar 2014)

    March 2014 saw a new record in net growth in Barking when compared to any previous March.

    Net Growth by Month
    JanuaryFebruaryMarch
    Net growth in 2014542155
    Net growth in 2013603035
    Record Year2013 (60)1994 (112)2014 (55)

UK Company Share

  1. Quarterly Data (Q1 Jan-Mar 2014)

    In the first quarter of 2014, Barking formed 0.2% of all UK companies.

    first quarter (Jan 2014 - Mar 2014)Barking
    20140.2%
    20130.2%
    20120.2%
    20110.2%
    20100.1%
    Record Year (since 1960) 1994 (0.4%)
    Company Share by Quarter
  2. Monthly Data (Jan, Feb & Mar 2014)

    Company Share by Month
    JanuaryFebruaryMarch
    UK formation share in 20140.2%0.2%0.2%
    UK formation share in 20130.3%0.2%0.1%
    % change-25.5%-1.3%37.3%
    Record Year2013 (0.3%)1994 (1.3%)2002 (0.2%)

Director Age

  1. Quarterly Data (Q1 Jan-Mar 2014)

    The average age of a director in the first quarter of 2014 was 36.6.

    The percentage of directors under the age of 25 was 0.2% compared to the UK figure of 4.6%.

    The percentage of directors over the age of 65 was 8.5% compared to the UK figure of 3.5%.

    Director Age by Quarter

Director Gender

  1. Quarterly Data (Q1 Jan-Mar 2014)

    The record first quarter for female directors in Barking was in 2013 when 43.8% of all directors were female.

    25.3% of all director appointments in Barking in the first quarter of 2014 were female. This compares to a UK average of 26.4% for the same period.

    Director Gender by Quarter

Naming Trends

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

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

    wordpercentageuk worduk percentage
    CARE1.53%CONSULTING5.22%
    CONSULTANTS1.33%MANAGEMENT4.67%
    MANAGEMENT1.26%CONSULTANCY3.49%
    BUSINESS1.20%PROPERTY2.64%
    CONSULTANCY1.06%TRADING2.05%
    CONSULTING1.00%LONDON1.88%
    LONDON0.93%ENGINEERING1.86%
    ASSOCIATES0.86%CARE1.79%
    TRADING0.80%CONSTRUCTION1.75%
    CONSTRUCTION0.80%DESIGN1.75%
    IT0.80%CONSULTANTS1.73%
    GLOBAL0.73%BUSINESS1.71%
    SECURITY0.73%PROPERTIES1.60%
    KAMROS0.60%INVESTMENTS1.60%
    PROPERTY0.60%GLOBAL1.58%
    TRANSPORT0.60%J1.48%
    MARKETING0.60%ASSOCIATES1.48%
    TRADERS0.53%MEDIA1.48%
    TECHNOLOGIES0.53%IT1.33%
    BARKING0.53%TRANSPORT1.30%
    S0.47%DEVELOPMENTS1.29%
    TRAINING0.47%BUILDING1.24%
    CENTRE0.47%M1.21%
    HOMES0.47%CAPITAL1.20%
    ENTERPRISES0.40%ELECTRICAL1.19%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied704280,210
    62020 - Information technology consultancy activities7927,750
    96090 - Other service activities not elsewhere classified7426,700
    70229 - Management consultancy activities other than financial management5037,882
    99999 - Dormant Company3547,084
    82990 - Other business support service activities not elsewhere classified3456,411
    43390 - Other building completion and finishing255,521
    62090 - Other information technology service activities2312,813
    69201 - Accounting and auditing activities187,313
    88990 - Other social work activities without accommodation not elsewhere classified173,815
    62012 - Business and domestic software development179,509
    86900 - Other human health activities1610,273
    86101 - Hospital activities152,870
    47910 - Retail sale via mail order houses or via Internet159,358
    69202 - Bookkeeping activities142,747
    41202 - Construction of domestic buildings136,559
    49410 - Freight transport by road138,014
    56102 - Unlicensed restaurants and cafes134,039
    68209 - Other letting and operating of own or leased real estate129,284
    85600 - Educational support services123,687

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    08876217 RIGHT CHOICE FURNITURE LIMITED 04 Feb 2014
    08876373 EASYWAY HAULAGE LIMITED 04 Feb 2014
    08880180 LISANGA ESENGO PASI 06 Feb 2014
    08880195 GONECHA SPORTS ACADEMY 06 Feb 2014
    08880894 RESTORATION CARE HOMES LIMITED 06 Feb 2014
    08881379 PANESAR ASSOCIATES LTD 07 Feb 2014
    08885043 VERTEX TRADING LIMITED 10 Feb 2014
    08885975 KAMROS DEPTFORD LIMITED 11 Feb 2014
    08887188 CHUNKY CHICKEN (BARKING) LTD 11 Feb 2014
    08893360 NALDO LIMITED 13 Feb 2014
    08895537 TAXZACT LIMITED 14 Feb 2014
    08897877 FOOTBALL 1ST MANAGEMENT LIMITED 17 Feb 2014
    08899899 ROL PARKER LIMITED 18 Feb 2014
    08900063 DADDY PROTEIN LIMITED 18 Feb 2014
    08901967 WEBTRICKS LTD 19 Feb 2014
    08903825 UTILITY SUPPORT PARTNERS LIMITED 20 Feb 2014
    08904051 CEDAR AND PINE FINANCIAL CONSULTANTS LIMITED 20 Feb 2014
    08904405 RAPHA LIMITED 20 Feb 2014
    08905024 JNP TECHNOLOGIES LTD 20 Feb 2014
    08907755 VIRTUAL MARKETPLACE LTD 24 Feb 2014
    08909358 TEMPLE MEDIA LIMITED 24 Feb 2014
    08912520 VISTABASE SERVICES LTD 26 Feb 2014
    08912961 HOMEITEMSDEPOT LIMITED 26 Feb 2014
    08913464 ROAST@ILFORD LIMITED 26 Feb 2014
    08913964 ENERGY PLUS TELECOM LIMITED 27 Feb 2014