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Belfast, Belfast

Q1 2011 Business Confidence Report

Headlines

  • Q1 2011 saw a new record in company registrations in Belfast when compared to any previous Q1.
  • March 2011 saw a new record in company registrations in Belfast when compared to any previous March.
  • March 2011 was a record month for company registrations in Belfast when compared to any month in history.
  • February 2011 saw a new record in company registrations in Belfast when compared to any previous February.
  • January 2011 saw a new record in company registrations in Belfast when compared to any previous January.
  • Q1 2011 saw a new record in company closures in Belfast when compared to any previous Q1.
  • March 2011 saw a new record in company closures in Belfast when compared to any previous March.
  • February 2011 saw a new record in company closures in Belfast when compared to any previous February.
  • January 2011 saw a new record in company closures in Belfast when compared to any previous January.

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 2011)

    Q1 2011 saw a new record in company registrations in Belfast when compared to any previous Q1.

    A total of 376 companies were registered in Belfast during the first quarter of 2011 (Jan 2011 - Mar 2011).

    This figure is an increase of 24.5% versus the same period last year (Q1 2010). This figure compares well to the UK as a whole, which saw an increase of 10.7% against the same period last year.

    first quarter (Jan 2011 - Mar 2011)BelfastUK
    2011376116,391
    2010302105,137
    % change24.5%10.7%
    Record Year 2011 (376) 2007 (166,814)
    New Companies by Quarter
  2. Monthly Data (Jan, Feb & Mar 2011)

    March 2011 saw a new record in company registrations in Belfast when compared to any previous March.

    March 2011 was a record month for company registrations in Belfast when compared to any month in history.

    February 2011 saw a new record in company registrations in Belfast when compared to any previous February.

    January 2011 saw a new record in company registrations in Belfast when compared to any previous January.

    New Companies by Month
    JanuaryFebruaryMarch
    New companies in 2011112109155
    New companies in 20107893131
    % change43.6%17.2%18.3%
    Record Year2011 (112)2011 (109)2011 (155)

Closed Companies (dissolved)

  1. Quarterly Data (Q1 Jan-Mar 2011)

    Q1 2011 saw a new record in company closures in Belfast when compared to any previous Q1.

    A total of 213 companies were dissolved in Belfast during the first quarter of 2011 (Jan 2011 - Mar 2011).

    This figure is an increase of 222.7% versus the same period last year (Q1 2010). This figure compares poorly to the UK as a whole, which saw an increase of 10.0% against the same period last year.

    first quarter (Jan 2011 - Mar 2011)BelfastUK
    201121390,986
    20106682,677
    % change222.7%10.0%
    Record Year 2011 (213) 2009 (108,060)
    Dissolved Companies by Quarter
  2. Monthly Data (Jan, Feb & Mar 2011)

    March 2011 saw a new record in company closures in Belfast when compared to any previous March.

    February 2011 saw a new record in company closures in Belfast when compared to any previous February.

    January 2011 saw a new record in company closures in Belfast when compared to any previous January.

    Dissolved Companies by Month
    JanuaryFebruaryMarch
    Closed companies in 2011529764
    Closed companies in 20105556
    % change940.0%1,840.0%14%
    Record Year2011 (52)2011 (97)2011 (64)

Net Company Growth

  1. Quarterly Data (Q1 Jan-Mar 2011)

    Net company growth for Belfast during the first quarter of 2011 (Jan 2011 - Mar 2011) was 163 companies.

    first quarter (Jan 2011 - Mar 2011)BelfastUK
    201116325,405
    201023622,460
    Record Year 2006 (319) 2007 (111,282)
    Net Growth by Quarter
  2. Monthly Data (Jan, Feb & Mar 2011)

    Net Growth by Month
    JanuaryFebruaryMarch
    Net growth in 2011601291
    Net growth in 2010738875
    Record Year2004 (89)2006 (99)2000 (104)

UK Company Share

  1. Quarterly Data (Q1 Jan-Mar 2011)

    In the first quarter of 2011, Belfast formed 0.3% of all UK companies.

    first quarter (Jan 2011 - Mar 2011)Belfast
    20110.3%
    20100.3%
    20090.2%
    20080.3%
    20070.2%
    Record Year (since 1960) 1968 (1.2%)
    Company Share by Quarter
  2. Monthly Data (Jan, Feb & Mar 2011)

    Company Share by Month
    JanuaryFebruaryMarch
    UK formation share in 20110.3%0.3%0.3%
    UK formation share in 20100.3%0.3%0.3%
    % change23.9%3.1%12.9%
    Record Year1968 (1.8%)1964 (1.2%)1979 (13.0%)

Director Age

  1. Quarterly Data (Q1 Jan-Mar 2011)

    The average age of a director in the first quarter of 2011 was 46.0.

    The percentage of directors under the age of 25 was 1.9% compared to the UK figure of 3.0%.

    The percentage of directors over the age of 65 was 7.9% compared to the UK figure of 4.3%.

    Director Age by Quarter

Director Gender

  1. Quarterly Data (Q1 Jan-Mar 2011)

    The record first quarter for female directors in Belfast was in 1861 when 40.0% of all directors were female.

    24.0% of all director appointments in Belfast in the first quarter of 2011 were female. This compares to a UK average of 25.4% for the same period.

    Director Gender by Quarter

Naming Trends

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

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

    wordpercentageuk worduk percentage
    (NI)2.54%CONSULTING5.04%
    DR.2.44%MANAGEMENT4.97%
    MANAGEMENT2.39%CONSULTANCY3.16%
    LAGAN1.39%PROPERTY2.38%
    BELFAST1.34%TRADING2.10%
    TRADING1.09%DESIGN1.93%
    NI1.04%ASSOCIATES1.92%
    IRELAND1.00%BUSINESS1.87%
    (N.I.)0.85%CONSTRUCTION1.80%
    ENTERPRISES0.80%CONSULTANTS1.76%
    CONSULTING0.75%MEDIA1.69%
    MR.0.70%ENGINEERING1.61%
    M0.70%LONDON1.60%
    PROPERTIES0.70%CARE1.45%
    CO0.70%J1.45%
    (2010)0.65%GLOBAL1.44%
    C.I.C.0.65%INVESTMENTS1.43%
    PROPERTY0.65%IT1.41%
    DESIGN0.60%PROPERTIES1.36%
    CONSTRUCTION0.60%BUILDING1.34%
    NORTHERN0.60%M1.30%
    PRODUCTIONS0.60%ELECTRICAL1.28%
    DEVELOPMENTS0.60%S1.24%
    CARE0.55%INTERNATIONAL1.23%
    PROF.0.55%SYSTEMS1.23%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied512202,798
    7487 - Other business activities14160,968
    9999 - Dormant Company8319,765
    99999 - Dormant Company7718,336
    82990 - Other business support service activities not elsewhere classified5230,253
    98000 - Residents property management383,154
    86210 - General medical practice activities361,874
    70229 - Management consultancy activities other than financial management3116,150
    74990 - Non-trading company278,695
    96090 - Other service activities not elsewhere classified2610,085
    41100 - Development of building projects243,921
    68320 - Management of real estate on a fee or contract basis203,220
    7414 - Business & management consultancy2012,916
    5530 - Restaurants194,898
    8512 - Medical practice activities191,699
    56101 - Licensed restaurants182,736
    9305 - Other service activities188,740
    7222 - Other software consultancy and supply187,000
    7415 - Holding companies including head offices171,769
    62090 - Other information technology service activities176,996

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    NI606503 COVIRO PRODUCTIONS LIMITED 08 Mar 2011
    NI606509 DUNLADE ENTERPRISES LIMITED 08 Mar 2011
    NI606713 AIG AUTOS LIMITED 21 Mar 2011
    NI606778 BEANNCHOR SERVICES LIMITED 24 Mar 2011
    NI606890 MGM CARGO LIMITED 31 Mar 2011
    NI606408 SIERRA SUPPORT SERVICES LIMITED 03 Mar 2011
    NI606605 CRAZYHORSE INDUSTRIES LTD 14 Mar 2011
    NI606810 THE SECRET BAND LIMITED 28 Mar 2011
    NI606836 SANDHAATH SOFTWARE CONSULTANCY LTD 29 Mar 2011
    NI606511 MILLVALE DEVELOPMENTS LIMITED 08 Mar 2011
    NI606552 BURBRIDGE PROPERTY MAINTENANCE LIMITED 10 Mar 2011
    NI606705 DOIG MARKETING LIMITED 21 Mar 2011
    NI606805 EYECARE NEWTOWNARDS LTD 28 Mar 2011
    NI606869 POZIBLE LTD 30 Mar 2011
    NI606870 OLD TURNPIKE PUBLISHING LTD 30 Mar 2011
    NI606399 MICHAEL MILLAR LTD 02 Mar 2011
    NI606458 ELEVATE CONSULTANCY LTD 04 Mar 2011
    NI606380 SHIELDS MEDICAL LIMITED 01 Mar 2011
    NI606431 GLENCLARE PROPERTY MANAGEMENT LTD 03 Mar 2011
    NI606650 COVEX UK LTD 15 Mar 2011
    NI606652 TED & TERRY LTD 16 Mar 2011
    NI606715 LOUGH SHORE LTD 21 Mar 2011
    NI606758 NB:PM LIMITED 24 Mar 2011
    NI606838 DEREK MILLAR ELECTRICAL LIMITED 29 Mar 2011
    NI606885 TWO E'S LTD 31 Mar 2011