Edinburgh, Midlothian

Q1 2015 Business Confidence Report

Headlines

  • February 2015 saw a new record in company closures in Edinburgh when compared to any previous February.
  • January 2015 saw a new record in company closures in Edinburgh when compared to any previous January.

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 (Q1 Jan-Mar 2015)

    A total of 1,106 companies were registered in Edinburgh during the first quarter of 2015 (Jan 2015 - Mar 2015).

    This figure is a decrease of 34.2% versus the same period last year (Q1 2014). This figure compares badly to the UK as a whole, which saw an increase of 6.9% against the same period last year.

    first quarter (Jan 2015 - Mar 2015)EdinburghUK
    20151,106161,156
    20141,682150,722
    % change-34.2%6.9%
    Record Year 2014 (1,682) 2007 (166,814)
    New Companies by Quarter
  2. Monthly Data (Jan, Feb & Mar 2015)

    New Companies by Month
    JanuaryFebruaryMarch
    New companies in 2015336362408
    New companies in 2014466580636
    % change-27.9%-37.6%-35.8%
    Record Year2014 (466)2014 (580)2014 (636)

Closed Companies (dissolved)

  1. Quarterly Data (Q1 Jan-Mar 2015)

    A total of 821 companies were dissolved in Edinburgh during the first quarter of 2015 (Jan 2015 - Mar 2015).

    This figure is an increase of 19.0% versus the same period last year (Q1 2014). This figure compares poorly to the UK as a whole, which saw an increase of 8.7% against the same period last year.

    first quarter (Jan 2015 - Mar 2015)EdinburghUK
    201582189,523
    201469082,370
    % change19.0%8.7%
    Record Year 2015 (821) 2009 (108,066)
    Dissolved Companies by Quarter
  2. Monthly Data (Jan, Feb & Mar 2015)

    February 2015 saw a new record in company closures in Edinburgh when compared to any previous February.

    January 2015 saw a new record in company closures in Edinburgh when compared to any previous January.

    Dissolved Companies by Month
    JanuaryFebruaryMarch
    Closed companies in 2015367253201
    Closed companies in 2014242214234
    % change51.7%18.2%-14%
    Record Year2015 (367)2015 (253)2013 (275)

Net Company Growth

  1. Quarterly Data (Q1 Jan-Mar 2015)

    Net company growth for Edinburgh during the first quarter of 2015 (Jan 2015 - Mar 2015) was 285 companies.

    first quarter (Jan 2015 - Mar 2015)EdinburghUK
    201528571,633
    201499268,352
    Record Year 2014 (992) 2007 (111,282)
    Net Growth by Quarter
  2. Monthly Data (Jan, Feb & Mar 2015)

    Net Growth by Month
    JanuaryFebruaryMarch
    Net growth in 2015-31109207
    Net growth in 2014224366402
    Record Year2014 (224)2014 (366)2014 (402)

UK Company Share

  1. Quarterly Data (Q1 Jan-Mar 2015)

    In the first quarter of 2015, Edinburgh formed 0.7% of all UK companies.

    first quarter (Jan 2015 - Mar 2015)Edinburgh
    20150.7%
    20141.1%
    20131.1%
    20121.1%
    20111.0%
    Record Year (since 1960) 1993 (1.3%)
    Company Share by Quarter
  2. Monthly Data (Jan, Feb & Mar 2015)

    Company Share by Month
    JanuaryFebruaryMarch
    UK formation share in 20150.7%0.7%0.7%
    UK formation share in 20141.0%1.2%1.1%
    % change-29.3%-42.5%-41.5%
    Record Year1988 (1.4%)1993 (1.6%)1993 (1.5%)

Director Age

  1. Quarterly Data (Q1 Jan-Mar 2015)

    The average age of a director in the first quarter of 2015 was 45.1.

    The percentage of directors under the age of 25 was 4.3% compared to the UK figure of 4.1%.

    The percentage of directors over the age of 65 was 2.8% compared to the UK figure of 3.6%.

    Director Age by Quarter

Director Gender

  1. Quarterly Data (Q1 Jan-Mar 2015)

    The record first quarter for female directors in Edinburgh was in 2013 when 32.2% of all directors were female.

    26.2% of all director appointments in Edinburgh in the first quarter of 2015 were female. This compares to a UK average of 26.4% for the same period.

    Director Gender by Quarter

Naming Trends

  1. Previous 12 months (Mar 2014-Mar 2015)

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

    wordpercentageuk worduk percentage
    EDINBURGH2.71%CONSULTING5.23%
    CONSULTING2.49%MANAGEMENT4.56%
    LP2.05%CONSULTANCY3.62%
    PROPERTY1.37%PROPERTY2.72%
    MANAGEMENT1.33%CONSTRUCTION2.19%
    CONSULTANCY1.32%CARE2.13%
    (SCOTLAND)1.30%ENGINEERING2.12%
    GP1.30%LONDON1.91%
    SCOTLAND1.30%TRADING1.88%
    CAPITAL0.95%TRANSPORT1.82%
    INVESTMENTS0.93%ELECTRICAL1.76%
    TRADING0.87%DESIGN1.65%
    BUSINESS0.72%PROPERTIES1.63%
    ASSOCIATES0.68%CO.,1.58%
    (EDINBURGH)0.60%J1.55%
    ENERGY0.60%CONSULTANTS1.54%
    DEVELOPMENT0.58%BUSINESS1.49%
    IT0.56%INVESTMENTS1.49%
    L.P.0.56%GLOBAL1.46%
    HOLDINGS0.50%ASSOCIATES1.44%
    DEVELOPMENTS0.48%DEVELOPMENTS1.36%
    PROPERTIES0.46%BUILDING1.31%
    CONSULTANTS0.46%IT1.30%
    ENTERPRISES0.46%MEDIA1.28%
    GLOBAL0.46%M1.27%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied5,890288,953
    82990 - Other business support service activities not elsewhere classified44258,522
    70229 - Management consultancy activities other than financial management36943,081
    62020 - Information technology consultancy activities34330,825
    74909 - Other professional, scientific and technical activities not elsewhere classified29719,098
    99999 - Dormant Company27649,474
    96090 - Other service activities not elsewhere classified16829,218
    56103 - Take-away food shops and mobile food stands1638,607
    56101 - Licensed restaurants1478,909
    68209 - Other letting and operating of own or leased real estate14511,600
    74990 - Non-trading company13213,794
    62012 - Business and domestic software development1209,651
    62090 - Other information technology service activities9912,862
    41100 - Development of building projects9711,863
    70100 - Activities of head offices774,223
    68100 - Buying and selling of own real estate747,450
    56302 - Public houses and bars706,355
    69201 - Accounting and auditing activities667,682
    64209 - Activities of other holding companies not elsewhere classified663,832
    64999 - Financial intermediation not elsewhere classified646,067

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    SC497277 NUTRIRE LTD 09 Feb 2015
    SC496440 TARTAN PIG LTD 02 Feb 2015
    SC496532 PARTICLE ANALYTICS LIMITED 02 Feb 2015
    SC496968 EDISTON LUX. LIMITED 05 Feb 2015
    SC497507 DUNCANSBY TIDAL POWER LIMITED 11 Feb 2015
    SC497731 MR BUCKLEY INTERIORS LIMITED 12 Feb 2015
    SC497851 SPITAKI LIMITED 16 Feb 2015
    SC498147 EDI FOUNTAINBRIDGE LIMITED 18 Feb 2015
    SC496773 QUORUM LIMITED 04 Feb 2015
    SC496941 FILAMENT COFFEE COMPANY SCOTLAND LTD 05 Feb 2015
    SC497187 CREATIVEPRM LIMITED 06 Feb 2015
    SC497373 LISA HOLDINGS LTD. 10 Feb 2015
    SC497447 LEE'S CHINESE RJ LTD 10 Feb 2015
    SC497504 MOVE FREELY SPORTS INJURY CLINIC LTD 11 Feb 2015
    SC497528 BODYWORKS EDINBURGH LIMITED 11 Feb 2015
    SC497544 BELLSHILL LOGISTICS LIMITED 11 Feb 2015
    SC497688 SFQC LIMITED 12 Feb 2015
    SC497922 MICHAEL MILLER FAMILY INVESTMENT COMPANY LIMITED 16 Feb 2015
    SC497923 THE GIBBINS FAMILY INVESTMENT COMPANY LIMITED 16 Feb 2015
    SC498454 MT INTERNATIONAL LTD 20 Feb 2015
    SC498463 DLC INTERNATIONAL LTD 20 Feb 2015
    SC498473 WILSON TRADE LTD 20 Feb 2015
    SC498541 CISP LIMITED 20 Feb 2015
    SC498628 NIGEL SINCLAIR CONSULTING LIMITED 23 Feb 2015
    SC498812 P1 EVENTS LIMITED 24 Feb 2015