Essex

2014 Annual Business Confidence Report

Headlines

  • 2014 was a record year for company registrations in Essex when compared to any year in history.
  • The second half of 2014 saw a new record in company registrations in Essex when compared to any previous second half year.
  • Q4 2014 saw a new record in company registrations in Essex when compared to any previous Q4.
  • December 2014 saw a new record in company registrations in Essex when compared to any previous December.
  • November 2014 saw a new record in company registrations in Essex when compared to any previous November.
  • October 2014 saw a new record in company registrations in Essex when compared to any previous October.
  • The second half of 2014 saw a new record in company closures in Essex when compared to any previous second half year.
  • December 2014 saw a new record in company closures in Essex when compared to any previous December.
  • 2014 was a record year for net growth in Essex when compared to any year in history.
  • October 2014 saw a new record in net growth in Essex when compared to any previous October.

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 (2014)

    2014 was a record year for company registrations in Essex when compared to any year in history.

    A total of 25,992 companies were formed in Essex in 2014. This total is 13.6% higher than in 2013 and compares equally to the UK figure of a 10.0% growth compared to 529,363 the previous year.

    YearEssexUK
    201425,992582,051
    201322,889529,363
    201221,000491,893
    201118,889452,870
    201017,345400,358
    Record Year2014 (25,992)2014 (582,051)
    New Companies by Year
  2. Half Year Data (Jul-Dec 2014)

    The second half of 2014 saw a new record in company registrations in Essex when compared to any previous second half year.

    In the second half of 2014 a total of 12,681 companies were formed in Essex. This figure is 14.9% higher than last year, which compares well to the UK wide figure of 8.2%.

    The highest total for a second half year in Essex occurred in 2014 when a total of 12,681 were formed.

    Half Year (Jul-Dec)EssexUK
    201412,681281,320
    201311,036259,931
    % change14.9%8.2%
    Record Year2014 (12,681)2014 (281,320)
    New Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    Q4 2014 saw a new record in company registrations in Essex when compared to any previous Q4.

    A total of 6,248 companies were registered in Essex during the fourth quarter of 2014 (Oct 2014 - Dec 2014).

    This figure is an increase of 16.4% versus the same period last year (Q4 2013). This figure compares well 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)EssexUK
    20146,248137,906
    20135,368127,247
    % change16.4%8.4%
    Record Year 2014 (6,248) 2014 (137,906)
    New Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    December 2014 saw a new record in company registrations in Essex when compared to any previous December.

    November 2014 saw a new record in company registrations in Essex when compared to any previous November.

    October 2014 saw a new record in company registrations in Essex when compared to any previous October.

    New Companies by Month
    OctoberNovemberDecember
    New companies in 20142,4122,0591,777
    New companies in 20132,1031,8151,450
    % change14.7%13.4%22.6%
    Record Year2014 (2,412)2014 (2,059)2014 (1,777)

Closed Companies (dissolved)

  1. Annual Data (2014)

    A total of 16,931 companies were dissolved in Essex in 2014. This total is 6.0% higher than in 2013 and compares unfavourably to the UK figure of 10.8% growth compared to the previous year.

    YearEssexUK
    201416,931367,937
    201315,968332,213
    201212,444293,729
    201112,484314,524
    201013,403342,233
    Record Year2009 (18,525)2009 (533,789)
    Dissolved Companies by Year
  2. Half Year Data (Jul-Dec 2014)

    The second half of 2014 saw a new record in company closures in Essex when compared to any previous second half year.

    In the second half of 2014 a total of 8,834 companies were dissolved in Essex. This figure is 9.4% higher than last year, which compares badly to the UK wide change of 7.7%.

    The highest total for a second half year in Essex occurred in 2014 when a total of 8,834 were closed.

    Half Year (Jul-Dec)EssexUK
    20148,834190,730
    20138,076177,021
    % change9.4%7.7%
    Record Year2014 (8,834)2009 (244,544)
    Dissolved Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    A total of 4,136 companies were dissolved in Essex during the fourth quarter of 2014 (Oct 2014 - Dec 2014).

    This figure is a decrease of 2.1% versus the same period last year (Q4 2013). This figure compares well 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)EssexUK
    20144,13689,060
    20134,22690,851
    % change-2.1%-2.0%
    Record Year 2013 (4,226) 2013 (90,851)
    Dissolved Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    December 2014 saw a new record in company closures in Essex when compared to any previous December.

    Dissolved Companies by Month
    OctoberNovemberDecember
    Closed companies in 20141,1541,2631,719
    Closed companies in 20131,5881,3471,291
    % change-27.3%-6.2%33%
    Record Year2013 (1,588)2002 (1,695)2014 (1,719)

Net Company Growth

  1. Annual Data (2014)

    2014 was a record year for net growth in Essex when compared to any year in history.

    A total of 9,061 companies were added to the company register for Essex in 2014. This number represents growth of 34.9% in the total number of active companies, which compares unfavourably to the UK figure of 36.8%.

    This number is 2,140 companies higher than the previous year.

    The highest net company growth figure ever seen in one year came in 2014 when the Essex company register grew by 9,061 companies.

    YearEssexUK
    20149,061214,114
    20136,921197,150
    20128,556198,164
    20116,405138,346
    20103,94258,125
    Record Year2014 (9,061)2007 (237,353)
    Net Growth by Year
  2. Half Year Data (Jul-Dec 2014)

    In the second half of 2014 the company register for Essex increased by 3,847 companies.

    Half Year (Jul-Dec)EssexUK
    20143,84790,590
    20132,96082,910
    Record Year2012 (3,979)2003 (117,772)
    Net Growth by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    Net company growth for Essex during the fourth quarter of 2014 (Oct 2014 - Dec 2014) was 2,112 companies.

    fourth quarter (Oct 2014 - Dec 2014)EssexUK
    20142,11248,846
    20131,14236,396
    Record Year 2014 (2,112) 2012 (49,848)
    Net Growth by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    October 2014 saw a new record in net growth in Essex when compared to any previous October.

    Net Growth by Month
    OctoberNovemberDecember
    Net growth in 20141,25879658
    Net growth in 2013515468159
    Record Year2014 (1,258)2012 (892)2012 (601)

UK Company Share

  1. Annual Data (2014)

    In 2014 Essex formed 4.5% of all UK companies. This is an improvement on 2013 when Essex was responsible for 4.3% of all UK companies.

    YearEssex
    20144.5%
    20134.3%
    20124.3%
    20114.2%
    20104.3%
    Record Year (since 1960)1997 (4.8%)
    Company Share by Year
  2. Half Year Data (Jul-Dec 2014)

    In the second half of 2014 Essex formed 4.5% of all UK companies. This is more than the 2013 figure of 4.2%.

    Half Year (Jul-Dec)Essex
    20144.5%
    20134.2%
    20124.3%
    20114.2%
    20104.3%
    Record Year (since 1960) 2014 (4.5%)
    Company Share by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    In the fourth quarter of 2014, Essex formed 4.5% of all UK companies.

    fourth quarter (Oct 2014 - Dec 2014)Essex
    20144.5%
    20134.2%
    20124.3%
    20114.1%
    20104.2%
    Record Year (since 1960) 2014 (4.5%)
    Company Share by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    Company Share by Month
    OctoberNovemberDecember
    UK formation share in 20144.6%4.5%4.4%
    UK formation share in 20134.2%4.2%4.2%
    % change9.1%7.7%4.9%
    Record Year2014 (4.6%)2014 (4.5%)2014 (4.4%)

Director Age

  1. Annual Data (2014)

    The average age of a director in 2014 was 41.8.

    The percentage of directors under the age of 25 was 3.1% compared to the UK figure of 4.0%.

    The percentage of directors over the age of 65 was 5.2% compared to the UK figure of 4.0%.

    Director Age by Year
  2. Half Year Data (Jul-Dec 2014)

    The average age of a director in the second half of 2014 was 41.5.

    The percentage of directors under the age of 25 was 3.1% compared to the UK figure of 3.7%.

    The percentage of directors over the age of 65 was 5.8% compared to the UK figure of 4.5%.

    Director Age by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    The average age of a director in the fourth quarter of 2014 was 41.5.

    The percentage of directors under the age of 25 was 3.2% compared to the UK figure of 3.8%.

    The percentage of directors over the age of 65 was 6.0% compared to the UK figure of 4.5%.

    Director Age by Quarter

Director Gender

  1. Annual Data (2014)

    The record year for female directors in Essex was 1991 when 34.2% of all directors were female.

    The percentage of female directors in Essex in 2014 was 26.9%. The average for the UK during this time was 26.1%

    Director Gender by Year
  2. Half Year Data (Jul-Dec 2014)

    The record second half year for female directors in Essex was 2008 when 28.7% of all directors were female.

    26.7% of all director appointments in Essex 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
  3. Quarterly Data (Q4 Oct-Dec 2014)

    The record fourth quarter for female directors in Essex was in 2008 when 28.5% of all directors were female.

    27.1% of all director appointments in Essex 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

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

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

    wordpercentageuk worduk percentage
    CONSULTING2.99%CONSULTING5.22%
    MANAGEMENT2.43%MANAGEMENT4.58%
    CONSULTANCY2.11%CONSULTANCY3.57%
    CONSTRUCTION1.73%PROPERTY2.66%
    CARE1.51%CONSTRUCTION2.12%
    PROPERTY1.48%ENGINEERING2.10%
    LONDON1.35%CARE2.02%
    ESSEX1.32%TRADING1.94%
    ELECTRICAL1.31%LONDON1.93%
    BUILDING1.14%TRANSPORT1.93%
    CONSULTANTS1.12%DESIGN1.66%
    J0.96%CONSULTANTS1.64%
    BUSINESS0.95%ELECTRICAL1.62%
    TRADING0.88%PROPERTIES1.62%
    ASSOCIATES0.85%BUSINESS1.56%
    PROPERTIES0.84%J1.54%
    ENGINEERING0.82%CO.,1.50%
    IT0.82%GLOBAL1.49%
    S0.75%INVESTMENTS1.48%
    SECURITY0.73%ASSOCIATES1.47%
    DESIGN0.73%DEVELOPMENTS1.35%
    M0.72%MEDIA1.33%
    DEVELOPMENTS0.70%IT1.31%
    INVESTMENTS0.68%BUILDING1.29%
    GLOBAL0.67%M1.22%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied11,225265,608
    82990 - Other business support service activities not elsewhere classified2,12258,068
    99999 - Dormant Company1,94948,509
    70229 - Management consultancy activities other than financial management1,67442,290
    62020 - Information technology consultancy activities1,53730,178
    96090 - Other service activities not elsewhere classified1,41929,009
    86900 - Other human health activities71212,976
    74909 - Other professional, scientific and technical activities not elsewhere classified64419,049
    62090 - Other information technology service activities56712,837
    43390 - Other building completion and finishing5345,931
    43999 - Other specialised construction activities not elsewhere classified5138,761
    41100 - Development of building projects49311,397
    49410 - Freight transport by road47710,842
    43210 - Electrical installation4235,985
    47910 - Retail sale via mail order houses or via Internet41310,107
    41202 - Construction of domestic buildings4067,559
    74990 - Non-trading company39813,984
    56103 - Take-away food shops and mobile food stands3888,318
    68209 - Other letting and operating of own or leased real estate37411,212
    56101 - Licensed restaurants3718,782

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    09334350 BLUE NILE ART LIMITED 01 Dec 2014
    09356273 QOOPLAR LTD 16 Dec 2014
    09367761 APPLIED HANDLING LTD 29 Dec 2014
    09334170 LD LIMITED 01 Dec 2014
    09338837 FLYING START LIMITED 03 Dec 2014
    09348718 KIM PARKIN LIMITED 10 Dec 2014
    09352349 FRAMEDLIGHT LTD 12 Dec 2014
    09368671 MINTED MARKETING LIMITED 29 Dec 2014
    09334488 JS SHOPFITTERS LTD 01 Dec 2014
    09340932 TWO SWALLOWS LIMITED 04 Dec 2014
    09346585 DHANSHIRI (GB) LTD 09 Dec 2014
    09334882 VICTORIA AND TAYLOR INVESTMENTS LIMITED 01 Dec 2014
    09340398 HOPE PLACE PROPERTIES LTD 04 Dec 2014
    09346775 DR DANIELA BENSON LTD 09 Dec 2014
    09348245 UBN INTERNATIONAL CORPORATION LIMITED 09 Dec 2014
    09350541 UBN OIL & GAS LIMITED 11 Dec 2014
    09350800 ARTE FOOD LTD 11 Dec 2014
    09353843 TRIGGS GARAGE LTD 12 Dec 2014
    09357710 ADNG ACCOUNTING SERVICES LIMITED 16 Dec 2014
    09358028 CITIFOCUS SOLUTIONS LIMITED 17 Dec 2014
    09359184 MONERIS LIMITED 17 Dec 2014
    09366881 MANON LIMITED 24 Dec 2014
    09369397 TEE TEE LIMITED 30 Dec 2014
    09340984 BUILDING CAPABILITY LIMITED 04 Dec 2014
    09343193 CENTO ENGINEERING GROUP LIMITED 05 Dec 2014