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

  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. 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)EdinburghUK
    20142,843300,731
    20132,890269,432
    % change-1.6%11.6%
    Record Year2013 (2,890)2014 (300,731)
    New Companies by Half Year
  2. 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)EdinburghUK
    20141,161150,009
    20131,405134,630
    % change-17.4%11.4%
    Record Year 2013 (1,405) 2014 (150,009)
    New Companies by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    New Companies by Month
    AprilMayJune
    New companies in 2014473352336
    New companies in 2013533416456
    % change-11.3%-15.4%-26.3%
    Record Year2013 (533)2013 (416)2012 (470)

Closed Companies (dissolved)

  1. 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)EdinburghUK
    20141,422177,207
    20131,345155,192
    % change5.7%14.2%
    Record Year2009 (1,690)2009 (289,245)
    Dissolved Companies by Half Year
  2. 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)EdinburghUK
    201473294,837
    201362177,278
    % change17.9%22.7%
    Record Year 2009 (1,121) 2009 (181,179)
    Dissolved Companies by Quarter
  3. 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
    AprilMayJune
    Closed companies in 2014227244261
    Closed companies in 2013160296165
    % change41.9%-17.6%58%
    Record Year2014 (227)2009 (758)2009 (347)

Net Company Growth

  1. 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)EdinburghUK
    20141,421123,524
    20131,545114,240
    Record Year2013 (1,545)2007 (171,296)
    Net Growth by Half Year
  2. 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)EdinburghUK
    201442955,172
    201378457,352
    Record Year 2013 (784) 2007 (60,014)
    Net Growth by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    Net Growth by Month
    AprilMayJune
    Net growth in 201424610875
    Net growth in 2013373120291
    Record Year2013 (373)2007 (177)2013 (291)

UK Company Share

  1. 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
    20140.9%
    20131.1%
    20121.1%
    20111.0%
    20100.9%
    Record Year (since 1960) 2001 (1.2%)
    Company Share by Half Year
  2. 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
    20140.8%
    20131.0%
    20121.1%
    20111.1%
    20101.0%
    Record Year (since 1960) 2001 (1.3%)
    Company Share by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    Company Share by Month
    AprilMayJune
    UK formation share in 20140.9%0.7%0.7%
    UK formation share in 20131.1%0.9%1.1%
    % change-20.0%-21.9%-36.2%
    Record Year1988 (1.4%)2001 (1.3%)2001 (1.5%)

Director Age

  1. 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
  2. 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

  1. 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
  2. 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

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

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

    wordpercentageuk worduk percentage
    LP17.41%CONSULTING5.16%
    L.P.4.38%MANAGEMENT4.64%
    CONSULTING2.08%CONSULTANCY3.50%
    EDINBURGH2.08%PROPERTY2.66%
    CAPITAL1.96%TRADING2.03%
    MANAGEMENT1.70%ENGINEERING1.99%
    TRADING1.69%CONSTRUCTION1.93%
    PARTNERS1.31%LONDON1.93%
    SCOTLAND1.31%CARE1.85%
    INVESTMENTS1.29%DESIGN1.75%
    PROPERTY1.14%CONSULTANTS1.73%
    GP1.13%BUSINESS1.69%
    GROUP1.09%PROPERTIES1.63%
    TRADE1.08%TRANSPORT1.58%
    (SCOTLAND)0.94%GLOBAL1.55%
    CONSULTANCY0.93%INVESTMENTS1.55%
    BUSINESS0.91%J1.51%
    ACCESS0.90%ASSOCIATES1.48%
    GLOBAL0.73%MEDIA1.44%
    SYSTEMS0.68%ELECTRICAL1.40%
    II0.67%IT1.33%
    IMPEX0.59%DEVELOPMENTS1.33%
    ASSOCIATES0.58%BUILDING1.26%
    PARTNERSHIP0.58%M1.24%
    (EDINBURGH)0.56%CO.,1.20%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied5,453261,557
    82990 - Other business support service activities not elsewhere classified46057,421
    62020 - Information technology consultancy activities33629,029
    70229 - Management consultancy activities other than financial management33540,250
    99999 - Dormant Company30448,436
    74909 - Other professional, scientific and technical activities not elsewhere classified28419,058
    56103 - Take-away food shops and mobile food stands1727,840
    56101 - Licensed restaurants1388,585
    96090 - Other service activities not elsewhere classified13628,352
    74990 - Non-trading company13414,351
    68209 - Other letting and operating of own or leased real estate12510,133
    62012 - Business and domestic software development1209,834
    62090 - Other information technology service activities10813,024
    56302 - Public houses and bars766,099
    41100 - Development of building projects7210,527
    70100 - Activities of head offices674,152
    69201 - Accounting and auditing activities677,415
    64999 - Financial intermediation not elsewhere classified665,836
    68100 - Buying and selling of own real estate666,413
    63990 - Other information service activities not elsewhere classified656,099

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    SC477542 2ME SMARTTUNES LIMITED 13 May 2014
    SC477918 JAMAICA INVESTMENTS (UK) LTD 20 May 2014
    SC477930 MN (UK) ENTREPRISE LTD 20 May 2014
    SC478248 STIRLING'S (KILSYTH) LTD. 22 May 2014
    SC478896 SIPPER LIMITED 30 May 2014
    SC477201 PIXSEL DEVELOPMENT LIMITED 08 May 2014
    SC478340 SELECT JAPAN (GK HOLDINGS UK) LIMITED 23 May 2014
    SC478737 GALEDIN LIMITED 29 May 2014
    SC478758 ASPECT CLEANING SERVICES LTD 29 May 2014
    SO304924 UNICOM TRADING LLP 30 May 2014
    SC476582 CARLOWAY HOLDINGS LIMITED 01 May 2014
    SC476670 GOLDEN EARL TRADE (UK) LIMITED 02 May 2014
    SC476843 ASA EDINBURGH LTD 06 May 2014
    SC477013 INVERURR INVESTMENTS LIMITED 07 May 2014
    SC477015 LIMGENT LIMITED 07 May 2014
    SC477482 MAC ARENA FOODS COMPANY LTD 13 May 2014
    SC477631 LOTHIAN SHELF (599) LIMITED 14 May 2014
    SC478044 DECURIATE LIMITED 20 May 2014
    SC478204 SCOTTISH FILM LIMITED 22 May 2014
    SC478219 BYRON PROPERTY INVESTMENT LIMITED 22 May 2014
    SC478285 DRUMEARN LIMITED 23 May 2014
    SC478302 WQP HORIZONS LIMITED 23 May 2014
    SC478306 WQP CAR PARK LIMITED 23 May 2014
    SC478307 WQP MERCHANTS LIMITED 23 May 2014
    SC478310 CM REAL ESTATE LTD 23 May 2014