Belfast, Belfast
2014 Annual Business Confidence Report
Headlines
- December 2014 saw a new record in company closures in Belfast when compared to any previous December.
Contents
New Company Registrations
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Annual Data (2014)
A total of 1,864 companies were formed in Belfast in 2014. This total is 3.8% lower than in 2013 and compares poorly to the UK figure of a 10.0% growth compared to 529,363 the previous year.
Year Belfast UK 2014 1,864 582,051 2013 1,938 529,363 2012 1,781 491,893 2011 1,509 452,870 2010 1,298 400,358 Record Year 2013 (1,938) 2014 (582,051) New Companies by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 a total of 881 companies were formed in Belfast. This figure is 8.4% lower than last year, which compares badly to the UK wide figure of 8.2%.
The highest total for a second half year in Belfast occurred in 2013 when a total of 962 were formed.
Half Year (Jul-Dec) Belfast UK 2014 881 281,320 2013 962 259,931 % change -8.4% 8.2% Record Year 2013 (962) 2014 (281,320) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
A total of 439 companies were registered in Belfast during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is a decrease of 6.6% versus the same period last year (Q4 2013). This figure compares badly 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) Belfast UK 2014 439 137,906 2013 470 127,247 % change -6.6% 8.4% Record Year 2012 (483) 2014 (137,906) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
New Companies by Month
October November December New companies in 2014 175 152 112 New companies in 2013 160 177 133 % change 9.4% -14.1% -15.8% Record Year 2012 (185) 2013 (177) 2013 (133)
Closed Companies (dissolved)
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Annual Data (2014)
A total of 1,144 companies were dissolved in Belfast in 2014. This total is 12.6% higher than in 2013 and compares favourably to the UK figure of 10.8% growth compared to the previous year.
Year Belfast UK 2014 1,144 367,937 2013 1,016 332,213 2012 980 293,729 2011 1,028 314,524 2010 1,595 342,233 Record Year 2010 (1,595) 2009 (533,789) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 a total of 582 companies were dissolved in Belfast. This figure is 23.8% higher than last year, which compares badly to the UK wide change of 7.7%.
The highest total for a second half year in Belfast occurred in 2010 when a total of 1,123 were closed.
Half Year (Jul-Dec) Belfast UK 2014 582 190,730 2013 470 177,021 % change 23.8% 7.7% Record Year 2010 (1,123) 2009 (244,544) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
A total of 303 companies were dissolved in Belfast during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is an increase of 22.2% versus the same period last year (Q4 2013). This figure compares poorly 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) Belfast UK 2014 303 89,060 2013 248 90,851 % change 22.2% -2.0% Record Year 2010 (553) 2013 (90,851) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
December 2014 saw a new record in company closures in Belfast when compared to any previous December.
Dissolved Companies by Month
October November December Closed companies in 2014 119 80 104 Closed companies in 2013 91 78 79 % change 30.8% 2.6% 32% Record Year 2010 (383) 2012 (81) 2014 (104)
Net Company Growth
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Annual Data (2014)
A total of 720 companies were added to the company register for Belfast in 2014. This number represents growth of 38.6% in the total number of active companies, which compares favourably to the UK figure of 36.8%.
This number is 202 companies lower than the previous year.
The highest net company growth figure ever seen in one year came in 2007 when the Belfast company register grew by 1,275 companies.
Year Belfast UK 2014 720 214,114 2013 922 197,150 2012 801 198,164 2011 481 138,346 2010 -297 58,125 Record Year 2007 (1,275) 2007 (237,353) Net Growth by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 the company register for Belfast increased by 299 companies.
Half Year (Jul-Dec) Belfast UK 2014 299 90,590 2013 492 82,910 Record Year 2003 (616) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
Net company growth for Belfast during the fourth quarter of 2014 (Oct 2014 - Dec 2014) was 136 companies.
fourth quarter (Oct 2014 - Dec 2014) Belfast UK 2014 136 48,846 2013 222 36,396 Record Year 2006 (342) 2012 (49,848) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Net Growth by Month
October November December Net growth in 2014 56 72 8 Net growth in 2013 69 99 54 Record Year 2003 (138) 2003 (108) 2006 (114)
UK Company Share
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Annual Data (2014)
In 2014 Belfast formed 0.3% of all UK companies. This is a decline on 2013 when Belfast was responsible for 0.4% of all UK companies.
Year Belfast 2014 0.3% 2013 0.4% 2012 0.4% 2011 0.3% 2010 0.3% Record Year (since 1960) 1968 (1.4%) Company Share by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 Belfast formed 0.3% of all UK companies. This is less than the 2013 figure of 0.4%.
Half Year (Jul-Dec) Belfast 2014 0.3% 2013 0.4% 2012 0.4% 2011 0.3% 2010 0.4% Record Year (since 1960) 1968 (1.4%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
In the fourth quarter of 2014, Belfast formed 0.3% of all UK companies.
fourth quarter (Oct 2014 - Dec 2014) Belfast 2014 0.3% 2013 0.4% 2012 0.4% 2011 0.3% 2010 0.4% Record Year (since 1960) 1968 (1.6%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Company Share by Month
October November December UK formation share in 2014 0.3% 0.3% 0.3% UK formation share in 2013 0.3% 0.4% 0.4% % change 4.0% -18.5% -27.9% Record Year 1924 (3.9%) 1938 (3.1%) 1943 (3.8%)
Director Age
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Annual Data (2014)
The average age of a director in 2014 was 44.7.
The percentage of directors under the age of 25 was 4.5% compared to the UK figure of 4.0%.
The percentage of directors over the age of 65 was 2.3% compared to the UK figure of 4.0%.
Director Age by Year
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Half Year Data (Jul-Dec 2014)
The average age of a director in the second half of 2014 was 44.7.
The percentage of directors under the age of 25 was 4.7% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 2.5% compared to the UK figure of 4.5%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
The average age of a director in the fourth quarter of 2014 was 44.7.
The percentage of directors under the age of 25 was 4.3% compared to the UK figure of 3.8%.
The percentage of directors over the age of 65 was 2.2% compared to the UK figure of 4.5%.
Director Age by Quarter
Director Gender
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Annual Data (2014)
The record year for female directors in Belfast was 1926 when 63.6% of all directors were female.
The percentage of female directors in Belfast in 2014 was 24.8%. The average for the UK during this time was 26.1%
Director Gender by Year
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Half Year Data (Jul-Dec 2014)
The record second half year for female directors in Belfast was 2005 when 26.8% of all directors were female.
24.4% of all director appointments in Belfast 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
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Quarterly Data (Q4 Oct-Dec 2014)
The record fourth quarter for female directors in Belfast was in 2007 when 27.8% of all directors were female.
25.3% of all director appointments in Belfast 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
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Previous 12 months (Dec 2013-Dec 2014)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage (NI) 4.27% CONSULTING 5.22% MANAGEMENT 2.54% MANAGEMENT 4.58% BELFAST 2.50% CONSULTANCY 3.57% CONSULTING 1.27% PROPERTY 2.66% MEDICAL 1.08% CONSTRUCTION 2.12% NI 1.04% ENGINEERING 2.10% PROPERTY 1.00% CARE 2.02% PROPERTIES 0.96% TRADING 1.94% CONSULTANCY 0.88% LONDON 1.93% IRELAND 0.81% TRANSPORT 1.93% INVESTMENTS 0.81% DESIGN 1.66% DEVELOPMENTS 0.73% CONSULTANTS 1.64% M 0.69% ELECTRICAL 1.62% MEDIA 0.65% PROPERTIES 1.62% S 0.62% BUSINESS 1.56% ROAD 0.62% J 1.54% TRADING 0.62% CO., 1.50% PRODUCTIONS 0.58% GLOBAL 1.49% TRUSTEES 0.58% INVESTMENTS 1.48% ENGINEERING 0.58% ASSOCIATES 1.47% STAVELEY 0.54% DEVELOPMENTS 1.35% GLOBAL 0.50% MEDIA 1.33% ENERGY 0.50% IT 1.31% C.I.C. 0.46% BUILDING 1.29% LAGAN 0.46% M 1.22%
SIC Data
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Previous 36 months, excluding companies less than 12 months old
sic code number of companies uk companies None Supplied 778 265,608 99999 - Dormant Company 244 48,509 82990 - Other business support service activities not elsewhere classified 99 58,068 68100 - Buying and selling of own real estate 92 7,106 70229 - Management consultancy activities other than financial management 79 42,290 86210 - General medical practice activities 77 4,591 86220 - Specialists medical practice activities 76 4,031 96090 - Other service activities not elsewhere classified 75 29,009 41100 - Development of building projects 74 11,397 62020 - Information technology consultancy activities 73 30,178 68209 - Other letting and operating of own or leased real estate 67 11,212 74909 - Other professional, scientific and technical activities not elsewhere classified 66 19,049 62012 - Business and domestic software development 61 9,752 86900 - Other human health activities 55 12,976 56102 - Unlicensed restaurants and cafes 46 4,745 86101 - Hospital activities 44 4,366 35110 - Production of electricity 42 2,551 62090 - Other information technology service activities 42 12,837 98000 - Residents property management 40 5,255 56101 - Licensed restaurants 39 8,782
Recent Companies
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Randomly selected companies from this quarter
COMPANY NUMBER COMPANY NAME INCORPORATION DATE NI627658 PONYDANCE LIMITED 06 Nov 2014 NI627662 GENERAL MERCHANTS (NI) LIMITED 06 Nov 2014 NI627728 STILLERY INNS (NI) LIMITED 11 Nov 2014 NI627816 LCJ MEDICAL LIMITED 14 Nov 2014 NI627843 AP SAMMON LIMITED 17 Nov 2014 NI627983 GRIFFIN HOLDCO LIMITED 25 Nov 2014 NI628038 THONGS FLIP FLOPS LIMITED 27 Nov 2014 NI627670 K BUDD H & S SOLUTIONS LTD 06 Nov 2014 NI627934 GIGHA CRANVINE LIMITED 21 Nov 2014 NI628009 JJSK INVESTMENTS LIMITED 26 Nov 2014 NI628020 TYRONE INVESTMENTS LIMITED 26 Nov 2014 NI627589 MIDVALE NOMINEES LIMITED 03 Nov 2014 NI627679 REDBRAE VENTURES LIMITED 07 Nov 2014 NI628001 RED WATER CONSTRUCTION LIMITED 25 Nov 2014 NI627747 POSSESSED FILMS LIMITED 12 Nov 2014 NI627933 ORLAIR (NI) LTD 21 Nov 2014 NI627948 JAMESLEEPROPERTYSERVICES LIMITED 24 Nov 2014 NI628067 BT4 AERO DESIGN LTD 28 Nov 2014 NI627949 JUTYFREE GADGETS LTD 24 Nov 2014 NI627718 EURO RECRUITMENT BELFAST LTD 10 Nov 2014 NI627733 THE BELFAST BAKING COMPANY LIMITED 11 Nov 2014 NI627764 CLARKSVILLE LIMITED 12 Nov 2014 NI627765 EAGLEVILLE LIMITED 12 Nov 2014 NI627766 KINLOUGH LIMITED 12 Nov 2014 NI627767 INNSBROOK LIMITED 12 Nov 2014
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