Edinburgh, Midlothian

2010 Annual Business Confidence Report

Headlines

  • 2010 was a record year for company registrations in Edinburgh when compared to any year in history.
  • The second half of 2010 saw a new record in company registrations in Edinburgh when compared to any previous second half year.
  • The second half of 2010 was a record second half year for company registrations in Edinburgh when compared to any half year in history.
  • Q4 2010 saw a new record in company registrations in Edinburgh when compared to any previous Q4.
  • November 2010 saw a new record in company registrations in Edinburgh when compared to any previous November.
  • October 2010 saw a new record in company registrations in Edinburgh when compared to any previous October.
  • 2010 was a record year for company closures in Edinburgh when compared to any year in history.
  • The second half of 2010 saw a new record in company closures in Edinburgh when compared to any previous second half year.
  • Q4 2010 saw a new record in company closures in Edinburgh when compared to any previous Q4.
  • December 2010 saw a new record in company closures in Edinburgh when compared to any previous December.
  • November 2010 saw a new record in company closures in Edinburgh when compared to any previous November.

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 (2010)

    2010 was a record year for company registrations in Edinburgh when compared to any year in history.

    A total of 3,886 companies were formed in Edinburgh in 2010. This total is 21.2% higher than in 2009 and compares favourably to the UK figure of a 10.4% growth compared to 362,675 the previous year.

    YearEdinburghUK
    20103,886400,358
    20093,207362,675
    20083,073349,203
    20073,285457,649
    20062,997405,440
    Record Year2010 (3,886)2007 (457,649)
    New Companies by Year
  2. Half Year Data (Jul-Dec 2010)

    The second half of 2010 saw a new record in company registrations in Edinburgh when compared to any previous second half year.

    The second half of 2010 was a record second half year for company registrations in Edinburgh when compared to any half year in history.

    In the second half of 2010 a total of 2,007 companies were formed in Edinburgh. This figure is 15.9% higher than last year, which compares well to the UK wide figure of 8.8%.

    The highest total for a second half year in Edinburgh occurred in 2010 when a total of 2,007 were formed.

    Half Year (Jul-Dec)EdinburghUK
    20102,007196,609
    20091,731180,654
    % change15.9%8.8%
    Record Year2010 (2,007)2003 (201,446)
    New Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    Q4 2010 saw a new record in company registrations in Edinburgh when compared to any previous Q4.

    A total of 908 companies were registered in Edinburgh during the fourth quarter of 2010 (Oct 2010 - Dec 2010).

    This figure is an increase of 3.1% versus the same period last year (Q4 2009). This figure compares badly to the UK as a whole, which saw an increase of 10.6% against the same period last year.

    fourth quarter (Oct 2010 - Dec 2010)EdinburghUK
    201090895,117
    200988185,983
    % change3.1%10.6%
    Record Year 2010 (908) 2010 (95,117)
    New Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    November 2010 saw a new record in company registrations in Edinburgh when compared to any previous November.

    October 2010 saw a new record in company registrations in Edinburgh when compared to any previous October.

    New Companies by Month
    OctoberNovemberDecember
    New companies in 2010304328276
    New companies in 2009267315299
    % change13.9%4.1%-7.7%
    Record Year2010 (304)2010 (328)2000 (306)

Closed Companies (dissolved)

  1. Annual Data (2010)

    2010 was a record year for company closures in Edinburgh when compared to any year in history.

    A total of 3,078 companies were dissolved in Edinburgh in 2010. This total is 6.1% higher than in 2009 and compares favourably to the UK figure of 35.9% decrease compared to the previous year.

    YearEdinburghUK
    20103,078342,232
    20092,901533,773
    20081,721237,901
    20071,541220,295
    20061,661200,166
    Record Year2010 (3,078)2009 (533,773)
    Dissolved Companies by Year
  2. Half Year Data (Jul-Dec 2010)

    The second half of 2010 saw a new record in company closures in Edinburgh when compared to any previous second half year.

    In the second half of 2010 a total of 1,497 companies were dissolved in Edinburgh. This figure is 23.5% higher than last year, which compares badly to the UK wide change of -32.7%.

    The highest total for a second half year in Edinburgh occurred in 2010 when a total of 1,497 were closed.

    Half Year (Jul-Dec)EdinburghUK
    20101,497164,601
    20091,212244,537
    % change23.5%-32.7%
    Record Year2010 (1,497)2009 (244,537)
    Dissolved Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    Q4 2010 saw a new record in company closures in Edinburgh when compared to any previous Q4.

    A total of 841 companies were dissolved in Edinburgh during the fourth quarter of 2010 (Oct 2010 - Dec 2010).

    This figure is an increase of 82.0% versus the same period last year (Q4 2009). This figure compares poorly to the UK as a whole, which saw a decrease of 9.7% against the same period last year.

    fourth quarter (Oct 2010 - Dec 2010)EdinburghUK
    201084176,896
    200946285,136
    % change82.0%-9.7%
    Record Year 2010 (841) 2009 (85,136)
    Dissolved Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    December 2010 saw a new record in company closures in Edinburgh when compared to any previous December.

    November 2010 saw a new record in company closures in Edinburgh when compared to any previous November.

    Dissolved Companies by Month
    OctoberNovemberDecember
    Closed companies in 2010359208274
    Closed companies in 2009201133128
    % change78.6%56.4%114%
    Record Year2008 (517)2010 (208)2010 (274)

Net Company Growth

  1. Annual Data (2010)

    A total of 808 companies were added to the company register for Edinburgh in 2010. This number represents growth of 25.2% in the total number of active companies, which compares favourably to the UK figure of 16.0%.

    This number is 502 companies higher than the previous year.

    The highest net company growth figure ever seen in one year came in 2003 when the Edinburgh company register grew by 1,761 companies.

    YearEdinburghUK
    201080858,126
    2009306-171,098
    20081,352111,302
    20071,744237,354
    20061,336205,274
    Record Year2003 (1,761)2003 (242,543)
    Net Growth by Year
  2. Half Year Data (Jul-Dec 2010)

    In the second half of 2010 the company register for Edinburgh increased by 510 companies.

    Half Year (Jul-Dec)EdinburghUK
    201051032,008
    2009519-63,883
    Record Year2003 (913)2003 (117,772)
    Net Growth by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    Net company growth for Edinburgh during the fourth quarter of 2010 (Oct 2010 - Dec 2010) was 67 companies.

    fourth quarter (Oct 2010 - Dec 2010)EdinburghUK
    20106718,221
    2009419847
    Record Year 2000 (515) 2003 (57,175)
    Net Growth by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    Net Growth by Month
    OctoberNovemberDecember
    Net growth in 2010-551202
    Net growth in 200966182171
    Record Year2007 (185)2009 (182)2000 (233)

UK Company Share

  1. Annual Data (2010)

    In 2010 Edinburgh formed 1.0% of all UK companies. This is an improvement on 2009 when Edinburgh was responsible for 0.9% of all UK companies.

    YearEdinburgh
    20101.0%
    20090.9%
    20080.9%
    20070.7%
    20060.7%
    Record Year (since 1960)2001 (1.1%)
    Company Share by Year
  2. Half Year Data (Jul-Dec 2010)

    In the second half of 2010 Edinburgh formed 1.0% of all UK companies. This is the same as the 2009 figure of 1.0%.

    Half Year (Jul-Dec)Edinburgh
    20101.0%
    20091.0%
    20080.9%
    20070.9%
    20060.8%
    Record Year (since 1960) 2000 (1.1%)
    Company Share by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    In the fourth quarter of 2010, Edinburgh formed 1.0% of all UK companies.

    fourth quarter (Oct 2010 - Dec 2010)Edinburgh
    20101.0%
    20091.0%
    20080.9%
    20070.9%
    20060.8%
    Record Year (since 1960) 2000 (1.3%)
    Company Share by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    Company Share by Month
    OctoberNovemberDecember
    UK formation share in 20100.9%1.0%1.0%
    UK formation share in 20090.9%1.0%1.2%
    % change-0.3%-6.9%-12.2%
    Record Year1985 (3.1%)1965 (1.4%)1967 (1.9%)

Director Age

  1. Annual Data (2010)

    The average age of a director in 2010 was 44.6.

    The percentage of directors under the age of 25 was 2.0% compared to the UK figure of 2.5%.

    The percentage of directors over the age of 65 was 3.8% compared to the UK figure of 4.5%.

    Director Age by Year
  2. Half Year Data (Jul-Dec 2010)

    The average age of a director in the second half of 2010 was 44.5.

    The percentage of directors under the age of 25 was 2.3% compared to the UK figure of 2.8%.

    The percentage of directors over the age of 65 was 3.7% compared to the UK figure of 4.4%.

    Director Age by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    The average age of a director in the fourth quarter of 2010 was 44.6.

    The percentage of directors under the age of 25 was 3.1% compared to the UK figure of 3.0%.

    The percentage of directors over the age of 65 was 4.3% compared to the UK figure of 4.4%.

    Director Age by Quarter

Director Gender

  1. Annual Data (2010)

    The record year for female directors in Edinburgh was 1857 when 36.4% of all directors were female.

    The percentage of female directors in Edinburgh in 2010 was 24.5%. The average for the UK during this time was 26.2%

    Director Gender by Year
  2. Half Year Data (Jul-Dec 2010)

    The record second half year for female directors in Edinburgh was 1860 when 42.9% of all directors were female.

    23.8% of all director appointments in Edinburgh in the second half of 2010 were female. This compares to a UK average of 25.0% for the same period.

    Director Gender by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    The record fourth quarter for female directors in Edinburgh was in 1977 when 31.1% of all directors were female.

    22.6% of all director appointments in Edinburgh in the fourth quarter of 2010 were female. This compares to a UK average of 24.7% for the same period.

    Director Gender by Quarter

Naming Trends

  1. Previous 12 months (Dec 2009-Dec 2010)

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

    wordpercentageuk worduk percentage
    L.P.12.51%CONSULTING5.06%
    PARTNERS3.41%MANAGEMENT5.01%
    GROUP3.07%CONSULTANCY3.14%
    LP2.79%PROPERTY2.36%
    ACCESS2.62%TRADING2.11%
    CONSULTING2.49%ASSOCIATES1.95%
    EDINBURGH1.93%DESIGN1.92%
    INVESTMENTS1.69%BUSINESS1.82%
    SCOTLAND1.63%CONSTRUCTION1.82%
    (SCOTLAND)1.59%CONSULTANTS1.76%
    CAPITAL1.52%MEDIA1.71%
    MANAGEMENT1.39%ENGINEERING1.62%
    PARTNERSHIP1.35%LONDON1.60%
    CORPORATION1.31%CARE1.45%
    TRADING1.14%INVESTMENTS1.44%
    CONSULTANCY1.09%GLOBAL1.43%
    PROPERTY1.07%J1.42%
    GP1.07%IT1.41%
    BUSINESS0.97%PROPERTIES1.34%
    ASSOCIATES0.92%INTERNATIONAL1.34%
    GLOBAL0.79%BUILDING1.34%
    (EDINBURGH)0.75%M1.30%
    ENERGY0.71%ELECTRICAL1.25%
    ENTERPRISES0.69%SYSTEMS1.24%
    IT0.66%S1.23%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied2,615199,572
    7487 - Other business activities47563,348
    82990 - Other business support service activities not elsewhere classified20127,550
    70229 - Management consultancy activities other than financial management12014,505
    74909 - Other professional, scientific and technical activities not elsewhere classified997,088
    7414 - Business & management consultancy9713,474
    7499 - Non-trading company9612,000
    9999 - Dormant Company9220,144
    74990 - Non-trading company888,243
    62020 - Information technology consultancy activities809,177
    99999 - Dormant Company7816,285
    96090 - Other service activities not elsewhere classified728,799
    5552 - Catering712,157
    5530 - Restaurants634,939
    7222 - Other software consultancy and supply617,298
    7260 - Other computer related activities498,089
    56103 - Take-away food shops and mobile food stands481,435
    62090 - Other information technology service activities456,330
    56101 - Licensed restaurants382,446
    7011 - Development & sell real estate372,949

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    SC388204 TASSEC LTD 04 Nov 2010
    SC388326 ASTRA TRADE LTD 05 Nov 2010
    SC388451 MACDONALD LICENSING (SCOTLAND) LIMITED 09 Nov 2010
    SC388884 TIER 4 PAYMENTS LIMITED 15 Nov 2010
    SC388922 HOLBURN ENERGY SERVICES LTD 16 Nov 2010
    SC389044 DOUGH PRODUCTIONS UK LTD 18 Nov 2010
    SC389106 ECONVERTE LTD 18 Nov 2010
    SC389326 THE DUNEDIN CAPITAL GROUP EBT (NO.2) TRUSTEE LIMITED 23 Nov 2010
    SC387997 MCS TRUSTEE LIMITED 01 Nov 2010
    SC388872 SLIF PROPERTY INVESTMENT GP LIMITED 15 Nov 2010
    SC389171 KLSM (SCOTLAND) LIMITED 19 Nov 2010
    SC389325 DMWS 941 LIMITED 23 Nov 2010
    SC389566 THREE5 EVENTS MANAGEMENT LIMITED 26 Nov 2010
    SC389579 MICHIGAN PROPERTY LIMITED 26 Nov 2010
    SL008368 5K HOLDINGS LP 08 Nov 2010
    SL008373 PARTNERS GROUP SECONDARY 2011 (EUR), L.P. 09 Nov 2010
    SL008374 ADVEQ OPPORTUNITY III L.P. 11 Nov 2010
    SL008376 TCG FINANCIAL SERVICES (SCOT), L.P. 12 Nov 2010
    SL008392 ALMACK MEZZANINE CARRY III LP 18 Nov 2010
    SL008398 PRADERA UK CARRIED INTEREST LP 24 Nov 2010
    SL008404 PHASE4 VENTURES III GP LP 25 Nov 2010
    SL008409 ADVEQ REAL ASSETS GREEN POWER RESOURCES L.P. 26 Nov 2010
    SC388184 GLENORD DEVELOPMENTS LIMITED 04 Nov 2010
    SC388218 ADVEQ FOUNDER PARTNER LIMITED 04 Nov 2010
    SC388530 SHAKEAWAY LIMITED 09 Nov 2010