Belfast, Belfast

Q3 2014 Business Confidence Report

Headlines

  • September 2014 saw a new record in company registrations in Belfast when compared to any previous September.
  • July 2014 saw a new record in company closures in Belfast when compared to any previous July.

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 (Q3 Jul-Sep 2014)

    A total of 442 companies were registered in Belfast during the third quarter of 2014 (Jul 2014 - Sep 2014).

    This figure is a decrease of 10.2% versus the same period last year (Q3 2013). This figure compares badly to the UK as a whole, which saw an increase of 8.1% against the same period last year.

    third quarter (Jul 2014 - Sep 2014)BelfastUK
    2014442143,414
    2013492132,684
    % change-10.2%8.1%
    Record Year 2013 (492) 2014 (143,414)
    New Companies by Quarter
  2. Monthly Data (Jul, Aug & Sep 2014)

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

    New Companies by Month
    JulyAugustSeptember
    New companies in 2014145132165
    New companies in 2013166164162
    % change-12.7%-19.5%1.9%
    Record Year2013 (166)2013 (164)2014 (165)

Closed Companies (dissolved)

  1. Quarterly Data (Q3 Jul-Sep 2014)

    A total of 279 companies were dissolved in Belfast during the third quarter of 2014 (Jul 2014 - Sep 2014).

    This figure is an increase of 25.7% versus the same period last year (Q3 2013). This figure compares poorly to the UK as a whole, which saw an increase of 18.0% against the same period last year.

    third quarter (Jul 2014 - Sep 2014)BelfastUK
    2014279101,670
    201322286,170
    % change25.7%18.0%
    Record Year 2010 (570) 2009 (159,405)
    Dissolved Companies by Quarter
  2. Monthly Data (Jul, Aug & Sep 2014)

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

    Dissolved Companies by Month
    JulyAugustSeptember
    Closed companies in 20149183105
    Closed companies in 2013738267
    % change24.7%1.2%57%
    Record Year2014 (91)2010 (189)2010 (294)

Net Company Growth

  1. Quarterly Data (Q3 Jul-Sep 2014)

    Net company growth for Belfast during the third quarter of 2014 (Jul 2014 - Sep 2014) was 163 companies.

    third quarter (Jul 2014 - Sep 2014)BelfastUK
    201416341,744
    201327046,514
    Record Year 2009 (286) 2013 (46,514)
    Net Growth by Quarter
  2. Monthly Data (Jul, Aug & Sep 2014)

    Net Growth by Month
    JulyAugustSeptember
    Net growth in 2014544960
    Net growth in 2013938295
    Record Year2004 (94)2007 (103)2003 (130)

UK Company Share

  1. Quarterly Data (Q3 Jul-Sep 2014)

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

    third quarter (Jul 2014 - Sep 2014)Belfast
    20140.3%
    20130.4%
    20120.3%
    20110.3%
    20100.3%
    Record Year (since 1960) 1968 (1.2%)
    Company Share by Quarter
  2. Monthly Data (Jul, Aug & Sep 2014)

    Company Share by Month
    JulyAugustSeptember
    UK formation share in 20140.3%0.3%0.3%
    UK formation share in 20130.4%0.4%0.4%
    % change-20.6%-23.3%-6.6%
    Record Year1948 (5.5%)1943 (5.4%)1952 (4.0%)

Director Age

  1. Quarterly Data (Q3 Jul-Sep 2014)

    The average age of a director in the third quarter of 2014 was 44.8.

    The percentage of directors under the age of 25 was 5.2% compared to the UK figure of 3.7%.

    The percentage of directors over the age of 65 was 2.9% compared to the UK figure of 4.5%.

    Director Age by Quarter

Director Gender

  1. Quarterly Data (Q3 Jul-Sep 2014)

    The record third quarter for female directors in Belfast was in 2010 when 27.3% of all directors were female.

    23.4% of all director appointments in Belfast in the third quarter of 2014 were female. This compares to a UK average of 26.3% for the same period.

    Director Gender by Quarter

Naming Trends

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

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

    wordpercentageuk worduk percentage
    (NI)3.87%CONSULTING5.17%
    MANAGEMENT2.87%MANAGEMENT4.63%
    BELFAST2.38%CONSULTANCY3.55%
    CONSULTING1.49%PROPERTY2.62%
    PROPERTY1.34%ENGINEERING2.07%
    MEDICAL1.15%CONSTRUCTION2.05%
    NI1.11%TRADING2.00%
    PROPERTIES0.96%LONDON1.95%
    CONSULTANCY0.92%CARE1.94%
    TRUSTEES0.80%TRANSPORT1.76%
    DEVELOPMENTS0.80%DESIGN1.70%
    STAVELEY0.77%CONSULTANTS1.70%
    IRELAND0.77%PROPERTIES1.63%
    TRADING0.73%BUSINESS1.62%
    PRODUCTIONS0.65%J1.53%
    S0.65%ELECTRICAL1.53%
    M0.65%GLOBAL1.51%
    INVESTMENTS0.61%INVESTMENTS1.50%
    ENERGY0.57%ASSOCIATES1.48%
    MEDIA0.57%MEDIA1.38%
    ROAD0.57%CO.,1.36%
    LAGAN0.54%DEVELOPMENTS1.35%
    ENGINEERING0.50%BUILDING1.30%
    SYSTEMS0.50%IT1.30%
    HOLDINGS0.50%M1.23%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied844278,481
    99999 - Dormant Company23848,286
    86210 - General medical practice activities974,406
    82990 - Other business support service activities not elsewhere classified9357,264
    68100 - Buying and selling of own real estate766,595
    70229 - Management consultancy activities other than financial management7540,717
    86220 - Specialists medical practice activities733,889
    62020 - Information technology consultancy activities6929,313
    96090 - Other service activities not elsewhere classified6828,224
    41100 - Development of building projects6810,604
    74909 - Other professional, scientific and technical activities not elsewhere classified6418,890
    68209 - Other letting and operating of own or leased real estate6210,361
    62012 - Business and domestic software development569,675
    86900 - Other human health activities5111,807
    74990 - Non-trading company4514,006
    98000 - Residents property management435,047
    56102 - Unlicensed restaurants and cafes404,492
    56101 - Licensed restaurants388,546
    86101 - Hospital activities383,680
    62090 - Other information technology service activities3812,795

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    NI626519 DHG BELFAST LIMITED 05 Sep 2014
    NI626534 MTS WEALTH LTD 05 Sep 2014
    NI626535 MCCREERY TURKINGTON STOCKMAN LTD 05 Sep 2014
    NI626557 TIR CHONAILL PROPERTIES LIMITED 08 Sep 2014
    NI626590 CHJ (119) LIMITED 10 Sep 2014
    NI626592 CHJ (117) LIMITED 10 Sep 2014
    NI626707 GREEN LANE ENTERTAINMENT LIMITED 17 Sep 2014
    NI626729 TIMELESS BEAUTY CLINIC (N.I.) LIMITED 18 Sep 2014
    NI626740 MELQART CAPITAL LIMITED 18 Sep 2014
    NI626878 ZEST MAGAZINE PUBLICATIONS LTD 25 Sep 2014
    NI626894 RED SQUARE TV LIMITED 26 Sep 2014
    NI626559 CNC CONTRACTS (NI) LIMITED 08 Sep 2014
    NI626578 MOSSVIEW TRADING LIMITED 10 Sep 2014
    NI626673 CLONARD NEWSAGENTS LTD 15 Sep 2014
    NI626458 MIND SCORE LTD 02 Sep 2014
    NI626612 BLUE CHICAGO BURGERS LTD 11 Sep 2014
    NI626792 SQUEEZEE LIMITED 22 Sep 2014
    NI626815 SOLID SOLUTIONS INNOVATIONS LTD 23 Sep 2014
    NI626488 223 BELMONT ROAD MANAGEMENT COMPANY LIMITED 04 Sep 2014
    NI626641 NEW ART PLUS LIMITED 12 Sep 2014
    NI626645 ENIGMA PLUS LTD 15 Sep 2014
    NI626808 IO WEB LIMITED 23 Sep 2014
    NI626950 EIRACLE LTD 30 Sep 2014
    NI626452 ART LOVES LTD 02 Sep 2014
    NI626722 R A GLASS LIMITED 17 Sep 2014