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Greater London

2013 Annual Business Confidence Report

NOTICE: We have improved our calculations of the statistics in these reports, so some figures and records may not match previous reports.

Headlines

  • 2013 was a record year for company registrations in Greater London when compared to any year in history.
  • The second half of 2013 saw a new record in company registrations in Greater London when compared to any previous second half year.
  • Q4 2013 saw a new record in company registrations in Greater London when compared to any previous Q4.
  • December 2013 saw a new record in company registrations in Greater London when compared to any previous December.
  • November 2013 saw a new record in company registrations in Greater London when compared to any previous November.
  • October 2013 saw a new record in company registrations in Greater London when compared to any previous October.
  • December 2013 saw a new record in company closures in Greater London when compared to any previous December.
  • October 2013 saw a new record in company closures in Greater London 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 (2013)

    2013 was a record year for company registrations in Greater London when compared to any year in history.

    A total of 154,000 companies were formed in Greater London in 2013. This total is 8.3% higher than in 2012 and compares equally to the UK figure of a 7.6% growth compared to 491,893 the previous year.

    YearGreater LondonUK
    2013154,000529,363
    2012142,139491,893
    2011128,310452,870
    2010110,798400,358
    200995,602362,675
    Record Year2013 (154,000)2013 (529,363)
    New Companies by Year

  2. Half Year Data (Jul-Dec 2013)

    The second half of 2013 saw a new record in company registrations in Greater London when compared to any previous second half year.

    In the second half of 2013 a total of 76,091 companies were formed in Greater London. This figure is 8.7% higher than last year, which compares badly to the UK wide figure of 8.9%.

    The highest total for a second half year in Greater London occurred in 2013 when a total of 76,091 were formed.

    Half Year (Jul-Dec)Greater LondonUK
    201376,091259,931
    201269,977238,743
    % change8.7%8.9%
    Record Year2013 (76,091)2013 (259,931)
    New Companies by Half Year

  3. Quarterly Data (Q4 Oct-Dec 2013)

    Q4 2013 saw a new record in company registrations in Greater London when compared to any previous Q4.

    A total of 37,818 companies were registered in Greater London during the fourth quarter of 2013 (Oct 2013 - Dec 2013).

    This figure is an increase of 6.3% versus the same period last year (Q4 2012). This figure compares equally to the UK as a whole, which saw an increase of 6.1% against the same period last year.

    fourth quarter (Oct 2013 - Dec 2013)Greater LondonUK
    201337,818127,247
    201235,586119,875
    % change6.3%6.1%
    Record Year 2013 (37,818) 2013 (127,247)
    New Companies by Quarter

  4. Monthly Data (Oct, Nov & Dec 2013)

    December 2013 saw a new record in company registrations in Greater London when compared to any previous December.

    November 2013 saw a new record in company registrations in Greater London when compared to any previous November.

    October 2013 saw a new record in company registrations in Greater London when compared to any previous October.

    New Companies by Month
    OctoberNovemberDecember
    New companies in 201314,48412,87510,459
    New companies in 201213,31612,8059,465
    % change8.8%0.5%10.5%
    Record Year2013 (14,484)2013 (12,875)2013 (10,459)

Closed Companies (dissolved)

  1. Annual Data (2013)

    A total of 92,923 companies were dissolved in Greater London in 2013. This total is 17.0% higher than in 2012 and compares favourably to the UK figure of 13.1% growth compared to the previous year.

    YearGreater LondonUK
    201392,923332,213
    201279,408293,729
    201187,599314,524
    201085,797342,233
    2009132,494533,789
    Record Year2009 (132,494)2009 (533,789)
    Dissolved Companies by Year

  2. Half Year Data (Jul-Dec 2013)

    In the second half of 2013 a total of 48,649 companies were dissolved in Greater London. This figure is 24.7% higher than last year, which compares badly to the UK wide change of 21.3%.

    The highest total for a second half year in Greater London occurred in 2009 when a total of 54,355 were closed.

    Half Year (Jul-Dec)Greater LondonUK
    201348,649177,021
    201239,016145,935
    % change24.7%21.3%
    Record Year2009 (54,355)2009 (244,544)
    Dissolved Companies by Half Year

  3. Quarterly Data (Q4 Oct-Dec 2013)

    A total of 25,284 companies were dissolved in Greater London during the fourth quarter of 2013 (Oct 2013 - Dec 2013).

    This figure is an increase of 33.7% versus the same period last year (Q4 2012). This figure compares poorly to the UK as a whole, which saw an increase of 29.7% against the same period last year.

    fourth quarter (Oct 2013 - Dec 2013)Greater LondonUK
    201325,28490,851
    201218,91570,027
    % change33.7%29.7%
    Record Year 2013 (25,284) 2013 (90,851)
    Dissolved Companies by Quarter

  4. Monthly Data (Oct, Nov & Dec 2013)

    December 2013 saw a new record in company closures in Greater London when compared to any previous December.

    October 2013 saw a new record in company closures in Greater London when compared to any previous October.

    Dissolved Companies by Month
    OctoberNovemberDecember
    Closed companies in 20139,7317,2978,256
    Closed companies in 20128,9945,6844,237
    % change8.2%28.4%95%
    Record Year2013 (9,731)2011 (8,533)2013 (8,256)

Net Company Growth

  1. Annual Data (2013)

    A total of 61,077 companies were added to the company register for Greater London in 2013. This number represents growth of 39.7% in the total number of active companies, which compares favourably to the UK figure of 37.2%.

    This number is 1,654 companies lower than the previous year.

    The highest net company growth figure ever seen in one year came in 2012 when the Greater London company register grew by 62,731 companies.

    YearGreater LondonUK
    201361,077197,150
    201262,731198,164
    201140,711138,346
    201025,00158,125
    2009-36,892-171,114
    Record Year2012 (62,731)2007 (237,353)
    Net Growth by Year

  2. Half Year Data (Jul-Dec 2013)

    In the second half of 2013 the company register for Greater London increased by 27,442 companies.

    Half Year (Jul-Dec)Greater LondonUK
    201327,44282,910
    201230,96192,808
    Record Year2012 (30,961)2003 (117,772)
    Net Growth by Half Year

  3. Quarterly Data (Q4 Oct-Dec 2013)

    Net company growth for Greater London during the fourth quarter of 2013 (Oct 2013 - Dec 2013) was 12,534 companies.

    fourth quarter (Oct 2013 - Dec 2013)Greater LondonUK
    201312,53436,396
    201216,67149,848
    Record Year 2012 (16,671) 2012 (49,848)
    Net Growth by Quarter

  4. Monthly Data (Oct, Nov & Dec 2013)

    Net Growth by Month
    OctoberNovemberDecember
    Net growth in 20134,7535,5782,203
    Net growth in 20124,3227,1215,228
    Record Year2011 (6,051)2012 (7,121)2012 (5,228)

UK Company Share

  1. Annual Data (2013)

    In 2013 Greater London formed 29.1% of all UK companies. This is an improvement on 2012 when Greater London was responsible for 28.9% of all UK companies.

    YearGreater London
    201329.1%
    201228.9%
    201128.3%
    201027.7%
    200926.4%
    Record Year (since 1960)1998 (30.5%)
    Company Share by Year

  2. Half Year Data (Jul-Dec 2013)

    In the second half of 2013 Greater London formed 29.3% of all UK companies. This is the same as the 2012 figure of 29.3%.

    Half Year (Jul-Dec)Greater London
    201329.3%
    201229.3%
    201128.7%
    201028.4%
    200926.9%
    Record Year (since 1960) 1998 (30.6%)
    Company Share by Half Year

  3. Quarterly Data (Q4 Oct-Dec 2013)

    In the fourth quarter of 2013, Greater London formed 29.7% of all UK companies.

    fourth quarter (Oct 2013 - Dec 2013)Greater London
    201329.7%
    201229.7%
    201129.4%
    201029.3%
    200927.4%
    Record Year (since 1960) 1998 (30.6%)
    Company Share by Quarter

  4. Monthly Data (Oct, Nov & Dec 2013)

    Company Share by Month
    OctoberNovemberDecember
    UK formation share in 201329.2%29.9%30.3%
    UK formation share in 201228.9%30.2%30.1%
    % change1.1%-1.2%0.5%
    Record Year1998 (31.8%)1999 (31.1%)2010 (31.0%)

Director Age

  1. Annual Data (2013)

    The average age of a director in 2013 was 42.0.

    The percentage of directors under the age of 25 was 3.2% compared to the UK figure of 3.9%.

    The percentage of directors over the age of 65 was 4.3% compared to the UK figure of 4.2%.

    Director Age by Year

  2. Half Year Data (Jul-Dec 2013)

    The average age of a director in the second half of 2013 was 41.6.

    The percentage of directors under the age of 25 was 3.2% compared to the UK figure of 3.7%.

    The percentage of directors over the age of 65 was 5.4% compared to the UK figure of 4.8%.

    Director Age by Half Year

  3. Quarterly Data (Q4 Oct-Dec 2013)

    The average age of a director in the fourth quarter of 2013 was 41.5.

    The percentage of directors under the age of 25 was 3.2% compared to the UK figure of 3.7%.

    The percentage of directors over the age of 65 was 6.5% compared to the UK figure of 5.1%.

    Director Age by Quarter

Director Gender

  1. Annual Data (2013)

    The record year for female directors in Greater London was 1990 when 27.9% of all directors were female.

    The percentage of female directors in Greater London in 2013 was 23.6%. The average for the UK during this time was 26.0%

    Director Gender by Year

  2. Half Year Data (Jul-Dec 2013)

    The record second half year for female directors in Greater London was 2012 when 23.8% of all directors were female.

    23.3% of all director appointments in Greater London in the second half of 2013 were female. This compares to a UK average of 25.9% for the same period.

    Director Gender by Half Year

  3. Quarterly Data (Q4 Oct-Dec 2013)

    The record fourth quarter for female directors in Greater London was in 2012 when 23.9% of all directors were female.

    22.6% of all director appointments in Greater London in the fourth quarter of 2013 were female. This compares to a UK average of 25.6% for the same period.

    Director Gender by Quarter

Naming Trends

  1. Previous 12 months (Dec 2012-Dec 2013)

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

    wordpercentageuk worduk percentage
    CONSULTING3.93%CONSULTING5.22%
    LONDON3.14%MANAGEMENT4.72%
    MANAGEMENT2.92%CONSULTANCY3.45%
    CONSULTANCY1.96%PROPERTY2.59%
    TRADING1.95%TRADING2.08%
    GLOBAL1.75%ENGINEERING1.87%
    CAPITAL1.64%LONDON1.86%
    CO.,1.55%DESIGN1.76%
    PROPERTY1.54%CONSTRUCTION1.73%
    INVESTMENTS1.44%CARE1.73%
    MEDIA1.33%BUSINESS1.71%
    INTERNATIONAL1.27%CONSULTANTS1.68%
    BUSINESS1.20%GLOBAL1.58%
    CONSTRUCTION1.09%INVESTMENTS1.56%
    DESIGN1.09%PROPERTIES1.54%
    CONSULTANTS1.04%ASSOCIATES1.53%
    PROPERTIES1.01%J1.51%
    ASSOCIATES0.96%MEDIA1.50%
    PRODUCTIONS0.95%IT1.35%
    PARTNERS0.94%DEVELOPMENTS1.23%
    IT0.87%M1.23%
    CARE0.84%BUILDING1.21%
    INVESTMENT0.81%ELECTRICAL1.20%
    ENTERPRISES0.77%CAPITAL1.19%
    CO0.77%ENERGY1.14%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied89,071266,814
    82990 - Other business support service activities not elsewhere classified21,70355,342
    99999 - Dormant Company16,31446,762
    70229 - Management consultancy activities other than financial management9,36536,164
    96090 - Other service activities not elsewhere classified8,88626,001
    62020 - Information technology consultancy activities7,78627,183
    74909 - Other professional, scientific and technical activities not elsewhere classified4,37818,034
    74990 - Non-trading company4,11814,223
    62090 - Other information technology service activities3,84312,511
    62012 - Business and domestic software development3,0109,360
    86900 - Other human health activities2,3799,543
    68209 - Other letting and operating of own or leased real estate2,2928,733
    41100 - Development of building projects2,2749,485
    47910 - Retail sale via mail order houses or via Internet2,2008,879
    69201 - Accounting and auditing activities2,1817,075
    56101 - Licensed restaurants2,1367,685
    68100 - Buying and selling of own real estate2,0455,656
    64999 - Financial intermediation not elsewhere classified1,9255,309
    68320 - Management of real estate on a fee or contract basis1,6515,236
    90030 - Artistic creation1,6204,138

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    08758468 WHL 2013 HOLDINGS LIMITED 01 Nov 2013
    08759850 TRADCO LIMITED 04 Nov 2013
    08760223 MAK EXPRESS LIMITED 04 Nov 2013
    08760790 PCM RESIDENTIAL MORTGAGE INVESTMENTS 1 GP LIMITED 04 Nov 2013
    08761225 DHONIA PATA LTD 04 Nov 2013
    08761395 E ONE CARGO LIMITED 05 Nov 2013
    08761524 DELICES LIMITED 05 Nov 2013
    08762327 WORLDPAY GROUP LIMITED 05 Nov 2013
    08763941 BRICK LANE CAFE LTD 06 Nov 2013
    OC389026 UNION MOSAIC INDUSTRY LLP 06 Nov 2013
    08764952 SCIENTIFIC LASER CLINIC LTD 06 Nov 2013
    08765530 EXAMENPILOTOS LTD. 07 Nov 2013
    08767245 LONDON CARE ACADEMY LTD 08 Nov 2013
    08767424 STEPNEY CONSULTING LIMITED 08 Nov 2013
    08768279 EAST END ASSOCIATES LIMITED 08 Nov 2013
    08768588 MOBITECH COMMUNICATION LIMITED 11 Nov 2013
    08769714 DANNY STEWART LIMITED 11 Nov 2013
    08772667 WESTERN ACADEMY UK LTD 13 Nov 2013
    08773395 STANLEY BUILD LIMITED 13 Nov 2013
    08773525 LUMINIUS LTD 13 Nov 2013
    08774493 ZARDA CATERING LIMITED 14 Nov 2013
    08774862 CAMBRIDGE HEATH MARKETING LTD 14 Nov 2013
    08775602 ADVENTURE PEOPLE LTD 14 Nov 2013
    08776369 ALLIANCE CONSULTANCY LONDON LIMITED 15 Nov 2013
    08778101 HARBOUR BUSINESS SOLUTIONS (UK) LTD 15 Nov 2013

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