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
New Company Registrations
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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.
Year Essex UK 2014 25,992 582,051 2013 22,889 529,363 2012 21,000 491,893 2011 18,889 452,870 2010 17,345 400,358 Record Year 2014 (25,992) 2014 (582,051) New Companies by Year
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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) Essex UK 2014 12,681 281,320 2013 11,036 259,931 % change 14.9% 8.2% Record Year 2014 (12,681) 2014 (281,320) New Companies by Half Year
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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) Essex UK 2014 6,248 137,906 2013 5,368 127,247 % change 16.4% 8.4% Record Year 2014 (6,248) 2014 (137,906) New Companies by Quarter
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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
October November December New companies in 2014 2,412 2,059 1,777 New companies in 2013 2,103 1,815 1,450 % change 14.7% 13.4% 22.6% Record Year 2014 (2,412) 2014 (2,059) 2014 (1,777)
Closed Companies (dissolved)
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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.
Year Essex UK 2014 16,931 367,937 2013 15,968 332,213 2012 12,444 293,729 2011 12,484 314,524 2010 13,403 342,233 Record Year 2009 (18,525) 2009 (533,789) Dissolved Companies by Year
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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) Essex UK 2014 8,834 190,730 2013 8,076 177,021 % change 9.4% 7.7% Record Year 2014 (8,834) 2009 (244,544) Dissolved Companies by Half Year
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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) Essex UK 2014 4,136 89,060 2013 4,226 90,851 % change -2.1% -2.0% Record Year 2013 (4,226) 2013 (90,851) Dissolved Companies by Quarter
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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
October November December Closed companies in 2014 1,154 1,263 1,719 Closed companies in 2013 1,588 1,347 1,291 % change -27.3% -6.2% 33% Record Year 2013 (1,588) 2002 (1,695) 2014 (1,719)
Net Company Growth
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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.
Year Essex UK 2014 9,061 214,114 2013 6,921 197,150 2012 8,556 198,164 2011 6,405 138,346 2010 3,942 58,125 Record Year 2014 (9,061) 2007 (237,353) Net Growth by Year
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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) Essex UK 2014 3,847 90,590 2013 2,960 82,910 Record Year 2012 (3,979) 2003 (117,772) Net Growth by Half Year
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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) Essex UK 2014 2,112 48,846 2013 1,142 36,396 Record Year 2014 (2,112) 2012 (49,848) Net Growth by Quarter
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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
October November December Net growth in 2014 1,258 796 58 Net growth in 2013 515 468 159 Record Year 2014 (1,258) 2012 (892) 2012 (601)
UK Company Share
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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.
Year Essex 2014 4.5% 2013 4.3% 2012 4.3% 2011 4.2% 2010 4.3% Record Year (since 1960) 1997 (4.8%) Company Share by Year
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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 2014 4.5% 2013 4.2% 2012 4.3% 2011 4.2% 2010 4.3% Record Year (since 1960) 2014 (4.5%) Company Share by Half Year
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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 2014 4.5% 2013 4.2% 2012 4.3% 2011 4.1% 2010 4.2% Record Year (since 1960) 2014 (4.5%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Company Share by Month
October November December UK formation share in 2014 4.6% 4.5% 4.4% UK formation share in 2013 4.2% 4.2% 4.2% % change 9.1% 7.7% 4.9% Record Year 2014 (4.6%) 2014 (4.5%) 2014 (4.4%)
Director Age
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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
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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
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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
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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
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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
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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
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Previous 12 months (Dec 2013-Dec 2014)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage CONSULTING 2.99% CONSULTING 5.22% MANAGEMENT 2.43% MANAGEMENT 4.58% CONSULTANCY 2.11% CONSULTANCY 3.57% CONSTRUCTION 1.73% PROPERTY 2.66% CARE 1.51% CONSTRUCTION 2.12% PROPERTY 1.48% ENGINEERING 2.10% LONDON 1.35% CARE 2.02% ESSEX 1.32% TRADING 1.94% ELECTRICAL 1.31% LONDON 1.93% BUILDING 1.14% TRANSPORT 1.93% CONSULTANTS 1.12% DESIGN 1.66% J 0.96% CONSULTANTS 1.64% BUSINESS 0.95% ELECTRICAL 1.62% TRADING 0.88% PROPERTIES 1.62% ASSOCIATES 0.85% BUSINESS 1.56% PROPERTIES 0.84% J 1.54% ENGINEERING 0.82% CO., 1.50% IT 0.82% GLOBAL 1.49% S 0.75% INVESTMENTS 1.48% SECURITY 0.73% ASSOCIATES 1.47% DESIGN 0.73% DEVELOPMENTS 1.35% M 0.72% MEDIA 1.33% DEVELOPMENTS 0.70% IT 1.31% INVESTMENTS 0.68% BUILDING 1.29% GLOBAL 0.67% M 1.22%
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 11,225 265,608 82990 - Other business support service activities not elsewhere classified 2,122 58,068 99999 - Dormant Company 1,949 48,509 70229 - Management consultancy activities other than financial management 1,674 42,290 62020 - Information technology consultancy activities 1,537 30,178 96090 - Other service activities not elsewhere classified 1,419 29,009 86900 - Other human health activities 712 12,976 74909 - Other professional, scientific and technical activities not elsewhere classified 644 19,049 62090 - Other information technology service activities 567 12,837 43390 - Other building completion and finishing 534 5,931 43999 - Other specialised construction activities not elsewhere classified 513 8,761 41100 - Development of building projects 493 11,397 49410 - Freight transport by road 477 10,842 43210 - Electrical installation 423 5,985 47910 - Retail sale via mail order houses or via Internet 413 10,107 41202 - Construction of domestic buildings 406 7,559 74990 - Non-trading company 398 13,984 56103 - Take-away food shops and mobile food stands 388 8,318 68209 - Other letting and operating of own or leased real estate 374 11,212 56101 - Licensed restaurants 371 8,782
Recent Companies
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Randomly selected companies from this quarter
COMPANY NUMBER COMPANY NAME INCORPORATION DATE 09292228 S.K.M LTD (UK) LTD 03 Nov 2014 09293514 LIVE SIMPLE CONSULTING LTD 04 Nov 2014 09315170 WALPOLE TRACKING LTD 17 Nov 2014 09332062 L & Z 168 LTD 28 Nov 2014 09297065 PAPILLON (UK) LTD 05 Nov 2014 09297895 REACHOUT NORFOLK LTD 06 Nov 2014 09299415 SOLID OAK FURNITURE COMPANY LIMITED 06 Nov 2014 09320384 MYRTLE RIDGE LTD 20 Nov 2014 09302322 JDL RECRUITMENT LIMITED 10 Nov 2014 09325327 ENSAR LTD 24 Nov 2014 09293442 UPRISE WELLING LTD 04 Nov 2014 09296356 WHOLESALE XMAS TREES UK LTD 05 Nov 2014 09310100 FIONA REYNOLDS LTD 13 Nov 2014 09312203 LOGICAL CONSTRUCT LTD 14 Nov 2014 09315739 ASHLING HOMES HEALTHCARE LTD 18 Nov 2014 09319708 CHANNELS MANAGEMENT COMPANY LIMITED 20 Nov 2014 09319835 PETCO (UK) LIMITED 20 Nov 2014 09324200 S-TYPE SECURITY LIMITED 24 Nov 2014 09327165 CLUBSYS LIMITED 25 Nov 2014 09292798 OCCASIONS COVERED LIMITED 03 Nov 2014 09293044 CHIGNAL PROPERTIES (MAINTENANCE) LIMITED 03 Nov 2014 09296024 FIRST POINT MAINTENANCE SOLUTIONS LIMITED 05 Nov 2014 09297790 ST. ANDREWS COASTAL INVESTMENTS LIMITED 06 Nov 2014 09299059 LONDON MOTORSPORT LIMITED 06 Nov 2014 09299094 BRANCH ROAD LIMITED 06 Nov 2014
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