Edinburgh, Midlothian
2014 Half Year Business Confidence Report
Headlines
- April 2014 saw a new record in company closures in Edinburgh when compared to any previous April.
Contents
New Company Registrations
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Half Year Data (Jan-Jun 2014)
In the first half of 2014 a total of 2,843 companies were formed in Edinburgh. This figure is 1.6% lower than last year, which compares badly to the UK wide figure of 11.6%.
The highest total for a first half year in Edinburgh occurred in 2013 when a total of 2,890 were formed.
Half Year (Jan-Jun) Edinburgh UK 2014 2,843 300,731 2013 2,890 269,432 % change -1.6% 11.6% Record Year 2013 (2,890) 2014 (300,731) New Companies by Half Year
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Quarterly Data (Q2 Apr-Jun 2014)
A total of 1,161 companies were registered in Edinburgh during the second quarter of 2014 (Apr 2014 - Jun 2014).
This figure is a decrease of 17.4% versus the same period last year (Q2 2013). This figure compares badly to the UK as a whole, which saw an increase of 11.4% against the same period last year.
second quarter (Apr 2014 - Jun 2014) Edinburgh UK 2014 1,161 150,009 2013 1,405 134,630 % change -17.4% 11.4% Record Year 2013 (1,405) 2014 (150,009) New Companies by Quarter
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Monthly Data (Apr, May & Jun 2014)
New Companies by Month
April May June New companies in 2014 473 352 336 New companies in 2013 533 416 456 % change -11.3% -15.4% -26.3% Record Year 2013 (533) 2013 (416) 2012 (470)
Closed Companies (dissolved)
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Half Year Data (Jan-Jun 2014)
In the first half of 2014 a total of 1,422 companies were dissolved in Edinburgh. This figure is 5.7% higher than last year, which compares well to the UK wide change of 14.2%.
The highest total for a first half year in Edinburgh occurred in 2009 when a total of 1,690 were closed.
Half Year (Jan-Jun) Edinburgh UK 2014 1,422 177,207 2013 1,345 155,192 % change 5.7% 14.2% Record Year 2009 (1,690) 2009 (289,245) Dissolved Companies by Half Year
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Quarterly Data (Q2 Apr-Jun 2014)
A total of 732 companies were dissolved in Edinburgh during the second quarter of 2014 (Apr 2014 - Jun 2014).
This figure is an increase of 17.9% versus the same period last year (Q2 2013). This figure compares well to the UK as a whole, which saw an increase of 22.7% against the same period last year.
second quarter (Apr 2014 - Jun 2014) Edinburgh UK 2014 732 94,837 2013 621 77,278 % change 17.9% 22.7% Record Year 2009 (1,121) 2009 (181,179) Dissolved Companies by Quarter
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Monthly Data (Apr, May & Jun 2014)
April 2014 saw a new record in company closures in Edinburgh when compared to any previous April.
Dissolved Companies by Month
April May June Closed companies in 2014 227 244 261 Closed companies in 2013 160 296 165 % change 41.9% -17.6% 58% Record Year 2014 (227) 2009 (758) 2009 (347)
Net Company Growth
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Half Year Data (Jan-Jun 2014)
In the first half of 2014 the company register for Edinburgh increased by 1,421 companies.
Half Year (Jan-Jun) Edinburgh UK 2014 1,421 123,524 2013 1,545 114,240 Record Year 2013 (1,545) 2007 (171,296) Net Growth by Half Year
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Quarterly Data (Q2 Apr-Jun 2014)
Net company growth for Edinburgh during the second quarter of 2014 (Apr 2014 - Jun 2014) was 429 companies.
second quarter (Apr 2014 - Jun 2014) Edinburgh UK 2014 429 55,172 2013 784 57,352 Record Year 2013 (784) 2007 (60,014) Net Growth by Quarter
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Monthly Data (Apr, May & Jun 2014)
Net Growth by Month
April May June Net growth in 2014 246 108 75 Net growth in 2013 373 120 291 Record Year 2013 (373) 2007 (177) 2013 (291)
UK Company Share
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Half Year Data (Jan-Jun 2014)
In the first half of 2014 Edinburgh formed 0.9% of all UK companies. This is less than the 2013 figure of 1.1%.
Half Year (Jan-Jun) Edinburgh 2014 0.9% 2013 1.1% 2012 1.1% 2011 1.0% 2010 0.9% Record Year (since 1960) 2001 (1.2%) Company Share by Half Year
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Quarterly Data (Q2 Apr-Jun 2014)
In the second quarter of 2014, Edinburgh formed 0.8% of all UK companies.
second quarter (Apr 2014 - Jun 2014) Edinburgh 2014 0.8% 2013 1.0% 2012 1.1% 2011 1.1% 2010 1.0% Record Year (since 1960) 2001 (1.3%) Company Share by Quarter
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Monthly Data (Apr, May & Jun 2014)
Company Share by Month
April May June UK formation share in 2014 0.9% 0.7% 0.7% UK formation share in 2013 1.1% 0.9% 1.1% % change -20.0% -21.9% -36.2% Record Year 1988 (1.4%) 2001 (1.3%) 2001 (1.5%)
Director Age
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Half Year Data (Jan-Jun 2014)
The average age of a director in the first half of 2014 was 45.0.
The percentage of directors under the age of 25 was 3.9% compared to the UK figure of 4.3%.
The percentage of directors over the age of 65 was 2.4% compared to the UK figure of 3.5%.
Director Age by Half Year
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Quarterly Data (Q2 Apr-Jun 2014)
The average age of a director in the second quarter of 2014 was 45.0.
The percentage of directors under the age of 25 was 4.0% compared to the UK figure of 3.9%.
The percentage of directors over the age of 65 was 2.5% compared to the UK figure of 3.6%.
Director Age by Quarter
Director Gender
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Half Year Data (Jan-Jun 2014)
The record first half year for female directors in Edinburgh was 2013 when 28.0% of all directors were female.
25.0% of all director appointments in Edinburgh in the first 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 (Q2 Apr-Jun 2014)
The record second quarter for female directors in Edinburgh was in 2013 when 26.5% of all directors were female.
24.6% of all director appointments in Edinburgh in the second quarter of 2014 were female. This compares to a UK average of 25.9% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Jun 2013-Jun 2014)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage LP 17.41% CONSULTING 5.16% L.P. 4.38% MANAGEMENT 4.64% CONSULTING 2.08% CONSULTANCY 3.50% EDINBURGH 2.08% PROPERTY 2.66% CAPITAL 1.96% TRADING 2.03% MANAGEMENT 1.70% ENGINEERING 1.99% TRADING 1.69% CONSTRUCTION 1.93% PARTNERS 1.31% LONDON 1.93% SCOTLAND 1.31% CARE 1.85% INVESTMENTS 1.29% DESIGN 1.75% PROPERTY 1.14% CONSULTANTS 1.73% GP 1.13% BUSINESS 1.69% GROUP 1.09% PROPERTIES 1.63% TRADE 1.08% TRANSPORT 1.58% (SCOTLAND) 0.94% GLOBAL 1.55% CONSULTANCY 0.93% INVESTMENTS 1.55% BUSINESS 0.91% J 1.51% ACCESS 0.90% ASSOCIATES 1.48% GLOBAL 0.73% MEDIA 1.44% SYSTEMS 0.68% ELECTRICAL 1.40% II 0.67% IT 1.33% IMPEX 0.59% DEVELOPMENTS 1.33% ASSOCIATES 0.58% BUILDING 1.26% PARTNERSHIP 0.58% M 1.24% (EDINBURGH) 0.56% CO., 1.20%
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 5,453 261,557 82990 - Other business support service activities not elsewhere classified 460 57,421 62020 - Information technology consultancy activities 336 29,029 70229 - Management consultancy activities other than financial management 335 40,250 99999 - Dormant Company 304 48,436 74909 - Other professional, scientific and technical activities not elsewhere classified 284 19,058 56103 - Take-away food shops and mobile food stands 172 7,840 56101 - Licensed restaurants 138 8,585 96090 - Other service activities not elsewhere classified 136 28,352 74990 - Non-trading company 134 14,351 68209 - Other letting and operating of own or leased real estate 125 10,133 62012 - Business and domestic software development 120 9,834 62090 - Other information technology service activities 108 13,024 56302 - Public houses and bars 76 6,099 41100 - Development of building projects 72 10,527 70100 - Activities of head offices 67 4,152 69201 - Accounting and auditing activities 67 7,415 64999 - Financial intermediation not elsewhere classified 66 5,836 68100 - Buying and selling of own real estate 66 6,413 63990 - Other information service activities not elsewhere classified 65 6,099
Recent Companies
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Randomly selected companies from this quarter
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