Belfast, Belfast

Q1 2014 Business Confidence Report

Headlines

  • February 2014 saw a new record in company registrations in Belfast when compared to any previous February.
  • January 2014 saw a new record in company registrations in Belfast when compared to any previous January.
  • January 2014 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 2014)

    A total of 478 companies were registered in Belfast during the first quarter of 2014 (Jan 2014 - Mar 2014).

    This figure is a decrease of 3.0% versus the same period last year (Q1 2013). This figure compares badly 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)BelfastUK
    2014478150,722
    2013493134,802
    % change-3.0%11.8%
    Record Year 2013 (493) 2007 (166,814)
    New Companies by Quarter
  2. Monthly Data (Jan, Feb & Mar 2014)

    February 2014 saw a new record in company registrations in Belfast when compared to any previous February.

    January 2014 saw a new record in company registrations in Belfast when compared to any previous January.

    New Companies by Month
    JanuaryFebruaryMarch
    New companies in 2014138174166
    New companies in 2013137167189
    % change0.7%4.2%-12.2%
    Record Year2014 (138)2014 (174)2013 (189)

Closed Companies (dissolved)

  1. Quarterly Data (Q1 Jan-Mar 2014)

    A total of 270 companies were dissolved in Belfast during the first quarter of 2014 (Jan 2014 - Mar 2014).

    This figure is an increase of 0.0% versus the same period last year (Q1 2013). This figure compares well 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)BelfastUK
    201427082,370
    201327077,914
    % change0.0%5.7%
    Record Year 2013 (270) 2009 (108,066)
    Dissolved Companies by Quarter
  2. Monthly Data (Jan, Feb & Mar 2014)

    January 2014 saw a new record in company closures in Belfast when compared to any previous January.

    Dissolved Companies by Month
    JanuaryFebruaryMarch
    Closed companies in 2014968985
    Closed companies in 20138775108
    % change10.3%18.7%-21%
    Record Year2014 (96)2011 (97)2013 (108)

Net Company Growth

  1. Quarterly Data (Q1 Jan-Mar 2014)

    Net company growth for Belfast during the first quarter of 2014 (Jan 2014 - Mar 2014) was 208 companies.

    first quarter (Jan 2014 - Mar 2014)BelfastUK
    201420868,352
    201322356,888
    Record Year 2007 (348) 2007 (111,282)
    Net Growth by Quarter
  2. Monthly Data (Jan, Feb & Mar 2014)

    Net Growth by Month
    JanuaryFebruaryMarch
    Net growth in 2014428581
    Net growth in 2013509281
    Record Year2006 (101)2006 (99)2007 (151)

UK Company Share

  1. Quarterly Data (Q1 Jan-Mar 2014)

    In the first quarter of 2014, Belfast formed 0.3% of all UK companies.

    first quarter (Jan 2014 - Mar 2014)Belfast
    20140.3%
    20130.4%
    20120.4%
    20110.3%
    20100.3%
    Record Year (since 1960) 1968 (1.2%)
    Company Share by Quarter
  2. Monthly Data (Jan, Feb & Mar 2014)

    Company Share by Month
    JanuaryFebruaryMarch
    UK formation share in 20140.3%0.4%0.3%
    UK formation share in 20130.3%0.4%0.4%
    % change-5.7%-3.8%-26.7%
    Record Year1939 (3.0%)1924 (3.3%)1979 (13.0%)

Director Age

  1. Quarterly Data (Q1 Jan-Mar 2014)

    The average age of a director in the first quarter of 2014 was 44.7.

    The percentage of directors under the age of 25 was 4.8% compared to the UK figure of 4.6%.

    The percentage of directors over the age of 65 was 1.9% 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 Belfast was in 2009 when 30.7% of all directors were female.

    25.7% of all director appointments in Belfast 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
    (NI)3.96%CONSULTING5.22%
    MANAGEMENT2.80%MANAGEMENT4.67%
    BELFAST1.94%CONSULTANCY3.49%
    CONSULTING1.38%PROPERTY2.64%
    TRADING1.27%TRADING2.05%
    PROPERTY1.23%LONDON1.88%
    MEDICAL1.16%ENGINEERING1.86%
    NI1.12%CARE1.79%
    PROPERTIES0.90%CONSTRUCTION1.75%
    DEVELOPMENTS0.82%DESIGN1.75%
    TRUSTEES0.82%CONSULTANTS1.73%
    STAVELEY0.75%BUSINESS1.71%
    IRELAND0.75%PROPERTIES1.60%
    DUCALES0.64%INVESTMENTS1.60%
    PRODUCTIONS0.60%GLOBAL1.58%
    INVESTMENTS0.56%J1.48%
    CONSULTANCY0.56%ASSOCIATES1.48%
    HOLDINGS0.52%MEDIA1.48%
    DR.0.52%IT1.33%
    (N.I.)0.52%TRANSPORT1.30%
    DESIGN0.52%DEVELOPMENTS1.29%
    M0.49%BUILDING1.24%
    IT0.45%M1.21%
    ENTERPRISES0.45%CAPITAL1.20%
    TRAINING0.45%ELECTRICAL1.19%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied825280,210
    99999 - Dormant Company23847,084
    86210 - General medical practice activities1143,987
    82990 - Other business support service activities not elsewhere classified8956,411
    96090 - Other service activities not elsewhere classified7526,700
    86220 - Specialists medical practice activities693,680
    70229 - Management consultancy activities other than financial management6837,882
    62020 - Information technology consultancy activities6627,750
    74909 - Other professional, scientific and technical activities not elsewhere classified6418,491
    68100 - Buying and selling of own real estate555,920
    41100 - Development of building projects549,855
    68209 - Other letting and operating of own or leased real estate519,284
    86900 - Other human health activities4910,273
    62012 - Business and domestic software development479,509
    56101 - Licensed restaurants427,965
    98000 - Residents property management424,832
    74990 - Non-trading company4014,135
    62090 - Other information technology service activities3412,813
    68320 - Management of real estate on a fee or contract basis325,419
    35110 - Production of electricity312,161

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    NI622606 FUTURE AERO CONCEPTS LIMITED 03 Feb 2014
    NI622611 WAVTEQ LIMITED 03 Feb 2014
    NI622631 POST PRIMARY TASK FORCE LIMITED 04 Feb 2014
    NI622641 ACHESON HOLDINGS LIMITED 04 Feb 2014
    NI622694 BELFAST CENTRAL STUDIOS 06 Feb 2014
    NI622730 STAVELEY TRUSTEES 17 LIMITED 07 Feb 2014
    NI623066 LOST CAUSE LTD 25 Feb 2014
    NI623089 MILLMOUNT MANAGEMENT COMPANY (NI) LIMITED 26 Feb 2014
    NI622686 ILLUMBRELL LIMITED 06 Feb 2014
    NI622994 OPCO LED LTD 21 Feb 2014
    NI623079 PTW TRADING LIMITED 26 Feb 2014
    NI623104 BOUCHER RESTAURANT LIMITED 27 Feb 2014
    NI623045 HOMETIME LIMITED 25 Feb 2014
    NI623103 UPPER GATESIDE GROVE MANAGEMENT COMPANY LIMITED 27 Feb 2014
    NI622918 ZIGGICIG ONLINE LTD 17 Feb 2014
    NI622957 AMBLESIDE TODD'S HILL MANAGEMENT LTD 19 Feb 2014
    NI622685 BUSINESS FIRST NETWORK LTD 06 Feb 2014
    NI622754 IDC CONSULTANCY LIMITED 10 Feb 2014
    NI622764 LANITA PROPERTIES LTD 10 Feb 2014
    NI622968 PARAGON SECURITIES LIMITED 20 Feb 2014
    NI623053 SANDOWN DENTAL LIMITED 25 Feb 2014
    NI623110 ASHERIN LIMITED 27 Feb 2014
    NI623142 ACER SECURITIES LIMITED 28 Feb 2014
    NI622635 C & D FLOOD UK T/A PRIORITY PROMOS LTD 04 Feb 2014
    NI623047 LMP IT CONSULTANCY LIMITED 25 Feb 2014