Barking, Essex

2014 Annual Business Confidence Report

Headlines

  • 2014 was a record year for company registrations in Barking when compared to any year in history.
  • The second half of 2014 saw a new record in company registrations in Barking when compared to any previous second half year.
  • Q4 2014 saw a new record in company registrations in Barking when compared to any previous Q4.
  • December 2014 saw a new record in company registrations in Barking when compared to any previous December.
  • October 2014 saw a new record in company registrations in Barking when compared to any previous October.
  • 2014 was a record year for company closures in Barking when compared to any year in history.
  • The second half of 2014 saw a new record in company closures in Barking when compared to any previous second half year.
  • The second half of 2014 was a record second half year for company closures in Barking when compared to any half year in history.
  • December 2014 saw a new record in company closures in Barking when compared to any previous December.
  • 2014 was a record year for net growth in Barking when compared to any year in history.
  • October 2014 saw a new record in net growth in Barking when compared to any previous October.

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)

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

    A total of 1,157 companies were formed in Barking in 2014. This total is 19.5% higher than in 2013 and compares favourably to the UK figure of a 10.0% growth compared to 529,363 the previous year.

    YearBarkingUK
    20141,157582,051
    2013968529,363
    2012854491,893
    2011720452,870
    2010636400,358
    Record Year2014 (1,157)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 Barking when compared to any previous second half year.

    In the second half of 2014 a total of 539 companies were formed in Barking. This figure is 14.2% higher than last year, which compares well to the UK wide figure of 8.2%.

    The highest total for a second half year in Barking occurred in 2014 when a total of 539 were formed.

    Half Year (Jul-Dec)BarkingUK
    2014539281,320
    2013472259,931
    % change14.2%8.2%
    Record Year2014 (539)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 Barking when compared to any previous Q4.

    A total of 264 companies were registered in Barking during the fourth quarter of 2014 (Oct 2014 - Dec 2014).

    This figure is an increase of 6.5% versus the same period last year (Q4 2013). This figure compares equally 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)BarkingUK
    2014264137,906
    2013248127,247
    % change6.5%8.4%
    Record Year 2014 (264) 2014 (137,906)
    New Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

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

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

    New Companies by Month
    OctoberNovemberDecember
    New companies in 2014987888
    New companies in 2013968864
    % change2.1%-11.4%37.5%
    Record Year2014 (98)2013 (88)2014 (88)

Closed Companies (dissolved)

  1. Annual Data (2014)

    2014 was a record year for company closures in Barking when compared to any year in history.

    A total of 645 companies were dissolved in Barking in 2014. This total is 13.2% higher than in 2013 and compares favourably to the UK figure of 10.8% growth compared to the previous year.

    YearBarkingUK
    2014645367,937
    2013570332,213
    2012430293,729
    2011467314,524
    2010462342,233
    Record Year2014 (645)2009 (533,789)
    Dissolved Companies by Year
  2. Half Year Data (Jul-Dec 2014)

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

    The second half of 2014 was a record second half year for company closures in Barking when compared to any half year in history.

    In the second half of 2014 a total of 342 companies were dissolved in Barking. This figure is 15.2% higher than last year, which compares badly to the UK wide change of 7.7%.

    The highest total for a second half year in Barking occurred in 2014 when a total of 342 were closed.

    Half Year (Jul-Dec)BarkingUK
    2014342190,730
    2013297177,021
    % change15.2%7.7%
    Record Year2014 (342)2009 (244,544)
    Dissolved Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    A total of 165 companies were dissolved in Barking during the fourth quarter of 2014 (Oct 2014 - Dec 2014).

    This figure is a decrease of 5.2% versus the same period last year (Q4 2013). This figure compares well 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)BarkingUK
    201416589,060
    201317490,851
    % change-5.2%-2.0%
    Record Year 2013 (174) 2013 (90,851)
    Dissolved Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

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

    Dissolved Companies by Month
    OctoberNovemberDecember
    Closed companies in 2014465366
    Closed companies in 2013606351
    % change-23.3%-15.9%29%
    Record Year2013 (60)2013 (63)2014 (66)

Net Company Growth

  1. Annual Data (2014)

    2014 was a record year for net growth in Barking when compared to any year in history.

    A total of 512 companies were added to the company register for Barking in 2014. This number represents growth of 44.3% in the total number of active companies, which compares favourably to the UK figure of 36.8%.

    This number is 114 companies higher than the previous year.

    The highest net company growth figure ever seen in one year came in 2014 when the Barking company register grew by 512 companies.

    YearBarkingUK
    2014512214,114
    2013398197,150
    2012424198,164
    2011253138,346
    201017458,125
    Record Year2014 (512)2007 (237,353)
    Net Growth by Year
  2. Half Year Data (Jul-Dec 2014)

    In the second half of 2014 the company register for Barking increased by 197 companies.

    Half Year (Jul-Dec)BarkingUK
    201419790,590
    201317582,910
    Record Year2012 (230)2003 (117,772)
    Net Growth by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    Net company growth for Barking during the fourth quarter of 2014 (Oct 2014 - Dec 2014) was 99 companies.

    fourth quarter (Oct 2014 - Dec 2014)BarkingUK
    20149948,846
    20137436,396
    Record Year 2012 (105) 2012 (49,848)
    Net Growth by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

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

    Net Growth by Month
    OctoberNovemberDecember
    Net growth in 2014522522
    Net growth in 2013362513
    Record Year2014 (52)2012 (33)2012 (40)

UK Company Share

  1. Annual Data (2014)

    In 2014 Barking formed 0.2% of all UK companies. This is no change on 2013 when Barking was responsible for 0.2% of all UK companies.

    YearBarking
    20140.2%
    20130.2%
    20120.2%
    20110.2%
    20100.2%
    Record Year (since 1960)2014 (0.2%)
    Company Share by Year
  2. Half Year Data (Jul-Dec 2014)

    In the second half of 2014 Barking formed 0.2% of all UK companies. This is the same as the 2013 figure of 0.2%.

    Half Year (Jul-Dec)Barking
    20140.2%
    20130.2%
    20120.2%
    20110.2%
    20100.2%
    Record Year (since 1960) 2014 (0.2%)
    Company Share by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

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

    fourth quarter (Oct 2014 - Dec 2014)Barking
    20140.2%
    20130.2%
    20120.2%
    20110.2%
    20100.2%
    Record Year (since 1960) 2013 (0.2%)
    Company Share by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    Company Share by Month
    OctoberNovemberDecember
    UK formation share in 20140.2%0.2%0.2%
    UK formation share in 20130.2%0.2%0.2%
    % change-2.9%-15.8%17.7%
    Record Year2013 (0.2%)2013 (0.2%)2014 (0.2%)

Director Age

  1. Annual Data (2014)

    The average age of a director in 2014 was 37.1.

    The percentage of directors under the age of 25 was 0.7% compared to the UK figure of 4.0%.

    The percentage of directors over the age of 65 was 6.8% 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 37.2.

    The percentage of directors under the age of 25 was 0.8% compared to the UK figure of 3.7%.

    The percentage of directors over the age of 65 was 6.8% 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 37.0.

    The percentage of directors under the age of 25 was 1.2% compared to the UK figure of 3.8%.

    The percentage of directors over the age of 65 was 7.6% 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 Barking was 2011 when 25.6% of all directors were female.

    The percentage of female directors in Barking in 2014 was 25.0%. 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 Barking was 2008 when 27.0% of all directors were female.

    24.4% of all director appointments in Barking 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 Barking was in 2008 when 25.8% of all directors were female.

    22.1% of all director appointments in Barking 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
    CARE1.61%CONSULTING5.22%
    LONDON1.55%MANAGEMENT4.58%
    CONSULTING1.37%CONSULTANCY3.57%
    SECURITY0.95%PROPERTY2.66%
    CONSULTANTS0.95%CONSTRUCTION2.12%
    TRADING0.89%ENGINEERING2.10%
    GLOBAL0.89%CARE2.02%
    CONSTRUCTION0.89%TRADING1.94%
    CONSULTANCY0.89%LONDON1.93%
    MANAGEMENT0.83%TRANSPORT1.93%
    HEALTHCARE0.72%DESIGN1.66%
    IT0.66%CONSULTANTS1.64%
    ASSOCIATES0.66%ELECTRICAL1.62%
    CO0.66%PROPERTIES1.62%
    TRADERS0.60%BUSINESS1.56%
    ENTERPRISES0.60%J1.54%
    BUSINESS0.60%CO.,1.50%
    PROPERTIES0.54%GLOBAL1.49%
    CENTRE0.54%INVESTMENTS1.48%
    TECHNOLOGIES0.48%ASSOCIATES1.47%
    CLEANING0.48%DEVELOPMENTS1.35%
    TRANSPORT0.48%MEDIA1.33%
    TRAINING0.48%IT1.31%
    CAR0.48%BUILDING1.29%
    SOLUTION0.48%M1.22%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied650265,608
    62020 - Information technology consultancy activities10330,178
    96090 - Other service activities not elsewhere classified7929,009
    70229 - Management consultancy activities other than financial management6042,290
    99999 - Dormant Company4648,509
    86900 - Other human health activities3912,976
    82990 - Other business support service activities not elsewhere classified3858,068
    62090 - Other information technology service activities2712,837
    43390 - Other building completion and finishing245,931
    86101 - Hospital activities214,366
    41202 - Construction of domestic buildings207,559
    85590 - Other education not elsewhere classified196,206
    47910 - Retail sale via mail order houses or via Internet1910,107
    85600 - Educational support services174,012
    86210 - General medical practice activities174,591
    88990 - Other social work activities without accommodation not elsewhere classified164,756
    56102 - Unlicensed restaurants and cafes164,745
    62012 - Business and domestic software development169,752
    61900 - Other telecommunications activities162,749
    69201 - Accounting and auditing activities157,528

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    09334008 Q-GUARD SECURITY LTD 01 Dec 2014
    09334573 PROPERTY LOVER LTD 01 Dec 2014
    09334829 FARADAY CONTRACTORS LTD 01 Dec 2014
    09335870 JOE SUPPORT SERVICE LTD 02 Dec 2014
    09338053 HIPPOTANK LTD 03 Dec 2014
    09338334 CONSTRUPLAN LTD. 03 Dec 2014
    09339025 GLOBAL TRENDZ LIMITED 03 Dec 2014
    09340083 FIRST CONTACT SOLUTION LTD 03 Dec 2014
    09340202 NEKKANTI SOLUTIONS LIMITED 03 Dec 2014
    09341173 MIHAI SOLUTION LTD 04 Dec 2014
    09342061 SANDY HELPS LTD 05 Dec 2014
    09343194 AV LONDON LTD 05 Dec 2014
    09345178 DE-ULTIMATE COMPUTER SPECIALISTS UK LTD 08 Dec 2014
    09346886 VASILE POP LTD 09 Dec 2014
    09348086 NAKEEBAN LIMITED 09 Dec 2014
    09349732 AHEAD ONLY LIMITED 10 Dec 2014
    09355076 M R ACCOUNTANCY & SERVICE LTD 15 Dec 2014
    09355105 SAHANA DATA SOLUTIONS UK LTD 15 Dec 2014
    09358161 LONDON SMART BUILDERS LTD 17 Dec 2014
    09364102 CERTIFIED SUPPORT SERVICES LTD 22 Dec 2014
    09366396 RAANIS ASSOCIATES LIMITED 23 Dec 2014
    09369465 INVOKERS LIMITED 30 Dec 2014
    09370265 PHANTOM CONSULTANCY LIMITED 31 Dec 2014
    09370680 EME GLOBAL LTD 31 Dec 2014
    09370815 QUADT RECRUITMENT LTD 31 Dec 2014