Greater Manchester
2014 Annual Business Confidence Report
Headlines
- 2014 was a record year for company registrations in Greater Manchester when compared to any year in history.
- The second half of 2014 saw a new record in company registrations in Greater Manchester when compared to any previous second half year.
- Q4 2014 saw a new record in company registrations in Greater Manchester when compared to any previous Q4.
- December 2014 saw a new record in company registrations in Greater Manchester when compared to any previous December.
- November 2014 saw a new record in company registrations in Greater Manchester when compared to any previous November.
- October 2014 saw a new record in company registrations in Greater Manchester 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 Greater Manchester when compared to any year in history.
A total of 25,661 companies were formed in Greater Manchester in 2014. This total is 12.5% higher than in 2013 and compares equally to the UK figure of a 10.0% growth compared to 529,363 the previous year.
Year Greater Manchester UK 2014 25,661 582,051 2013 22,813 529,363 2012 21,978 491,893 2011 20,695 452,870 2010 19,072 400,358 Record Year 2014 (25,661) 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 Greater Manchester when compared to any previous second half year.
In the second half of 2014 a total of 12,559 companies were formed in Greater Manchester. This figure is 11.8% higher than last year, which compares well to the UK wide figure of 8.2%.
The highest total for a second half year in Greater Manchester occurred in 2014 when a total of 12,559 were formed.
Half Year (Jul-Dec) Greater Manchester UK 2014 12,559 281,320 2013 11,231 259,931 % change 11.8% 8.2% Record Year 2014 (12,559) 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 Greater Manchester when compared to any previous Q4.
A total of 6,180 companies were registered in Greater Manchester during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is an increase of 13.8% versus the same period last year (Q4 2013). This figure compares equally 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) Greater Manchester UK 2014 6,180 137,906 2013 5,431 127,247 % change 13.8% 8.4% Record Year 2014 (6,180) 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 Greater Manchester when compared to any previous December.
November 2014 saw a new record in company registrations in Greater Manchester when compared to any previous November.
October 2014 saw a new record in company registrations in Greater Manchester when compared to any previous October.
New Companies by Month
October November December New companies in 2014 2,255 2,127 1,798 New companies in 2013 2,130 1,815 1,486 % change 5.9% 17.2% 21.0% Record Year 2014 (2,255) 2014 (2,127) 2014 (1,798)
Closed Companies (dissolved)
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Annual Data (2014)
A total of 18,174 companies were dissolved in Greater Manchester in 2014. This total is 12.6% higher than in 2013 and compares favourably to the UK figure of 10.8% growth compared to the previous year.
Year Greater Manchester UK 2014 18,174 367,937 2013 16,147 332,213 2012 14,614 293,729 2011 15,484 314,524 2010 15,676 342,233 Record Year 2009 (22,986) 2009 (533,789) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 a total of 9,462 companies were dissolved in Greater Manchester. This figure is 3.9% lower than last year, which compares well to the UK wide change of 7.7%.
The highest total for a second half year in Greater Manchester occurred in 2009 when a total of 10,257 were closed.
Half Year (Jul-Dec) Greater Manchester UK 2014 9,462 190,730 2013 9,846 177,021 % change -3.9% 7.7% Record Year 2009 (10,257) 2009 (244,544) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
A total of 4,204 companies were dissolved in Greater Manchester during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is a decrease of 11.7% 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) Greater Manchester UK 2014 4,204 89,060 2013 4,761 90,851 % change -11.7% -2.0% Record Year 2013 (4,761) 2013 (90,851) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Dissolved Companies by Month
October November December Closed companies in 2014 1,190 1,338 1,676 Closed companies in 2013 1,844 1,506 1,411 % change -35.5% -11.2% 19% Record Year 2013 (1,844) 2013 (1,506) 2009 (1,724)
Net Company Growth
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Annual Data (2014)
A total of 7,487 companies were added to the company register for Greater Manchester in 2014. This number represents growth of 29.2% in the total number of active companies, which compares unfavourably to the UK figure of 36.8%.
This number is 821 companies higher than the previous year.
The highest net company growth figure ever seen in one year came in 2006 when the Greater Manchester company register grew by 9,882 companies.
Year Greater Manchester UK 2014 7,487 214,114 2013 6,666 197,150 2012 7,364 198,164 2011 5,211 138,346 2010 3,396 58,125 Record Year 2006 (9,882) 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 Greater Manchester increased by 3,097 companies.
Half Year (Jul-Dec) Greater Manchester UK 2014 3,097 90,590 2013 1,385 82,910 Record Year 2003 (5,016) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
Net company growth for Greater Manchester during the fourth quarter of 2014 (Oct 2014 - Dec 2014) was 1,976 companies.
fourth quarter (Oct 2014 - Dec 2014) Greater Manchester UK 2014 1,976 48,846 2013 670 36,396 Record Year 2006 (2,278) 2012 (49,848) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Net Growth by Month
October November December Net growth in 2014 1,065 789 122 Net growth in 2013 286 309 75 Record Year 2003 (1,227) 2005 (883) 2006 (860)
UK Company Share
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Annual Data (2014)
In 2014 Greater Manchester formed 4.4% of all UK companies. This is an improvement on 2013 when Greater Manchester was responsible for 4.3% of all UK companies.
Year Greater Manchester 2014 4.4% 2013 4.3% 2012 4.5% 2011 4.6% 2010 4.8% Record Year (since 1960) 2009 (5.0%) Company Share by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 Greater Manchester formed 4.5% of all UK companies. This is more than the 2013 figure of 4.3%.
Half Year (Jul-Dec) Greater Manchester 2014 4.5% 2013 4.3% 2012 4.4% 2011 4.6% 2010 4.8% Record Year (since 1960) 2009 (4.9%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
In the fourth quarter of 2014, Greater Manchester formed 4.5% of all UK companies.
fourth quarter (Oct 2014 - Dec 2014) Greater Manchester 2014 4.5% 2013 4.3% 2012 4.3% 2011 4.6% 2010 4.7% Record Year (since 1960) 2009 (4.9%) 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 4.3% 4.7% 4.5% UK formation share in 2013 4.3% 4.2% 4.3% % change 0.7% 11.3% 3.6% Record Year 2009 (5.0%) 2009 (5.1%) 2006 (5.2%)
Director Age
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Annual Data (2014)
The average age of a director in 2014 was 42.2.
The percentage of directors under the age of 25 was 3.2% compared to the UK figure of 4.0%.
The percentage of directors over the age of 65 was 4.7% 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 42.0.
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 5.2% 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 42.0.
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 5.3% 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 Greater Manchester was 1990 when 32.8% of all directors were female.
The percentage of female directors in Greater Manchester in 2014 was 23.5%. 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 Greater Manchester was 2007 when 29.0% of all directors were female.
23.7% of all director appointments in Greater Manchester 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 Greater Manchester was in 2007 when 25.4% of all directors were female.
23.5% of all director appointments in Greater Manchester 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 MANAGEMENT 2.47% CONSULTING 5.22% CONSULTING 2.16% MANAGEMENT 4.58% CONSULTANCY 2.00% CONSULTANCY 3.57% PROPERTY 1.34% PROPERTY 2.66% MANCHESTER 1.29% CONSTRUCTION 2.12% ENGINEERING 1.22% ENGINEERING 2.10% CARE 1.20% CARE 2.02% PROPERTIES 1.13% TRADING 1.94% TRADING 1.12% LONDON 1.93% CONSULTANTS 0.90% TRANSPORT 1.93% CONSTRUCTION 0.88% DESIGN 1.66% MEDICAL 0.88% CONSULTANTS 1.64% ELECTRICAL 0.86% ELECTRICAL 1.62% TRANSPORT 0.85% PROPERTIES 1.62% DESIGN 0.81% BUSINESS 1.56% HOUSE 0.80% J 1.54% DEVELOPMENTS 0.80% CO., 1.50% BUSINESS 0.77% GLOBAL 1.49% ASSOCIATES 0.76% INVESTMENTS 1.48% PROJECT 0.76% ASSOCIATES 1.47% MEDIA 0.76% DEVELOPMENTS 1.35% M 0.73% MEDIA 1.33% IT 0.73% IT 1.31% INVESTMENTS 0.71% BUILDING 1.29% MARKETING 0.71% 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 12,751 265,608 82990 - Other business support service activities not elsewhere classified 2,925 58,068 99999 - Dormant Company 1,921 48,509 96090 - Other service activities not elsewhere classified 1,508 29,009 70229 - Management consultancy activities other than financial management 1,465 42,290 62020 - Information technology consultancy activities 985 30,178 74909 - Other professional, scientific and technical activities not elsewhere classified 782 19,049 86900 - Other human health activities 639 12,976 68209 - Other letting and operating of own or leased real estate 632 11,212 47910 - Retail sale via mail order houses or via Internet 594 10,107 56101 - Licensed restaurants 528 8,782 56103 - Take-away food shops and mobile food stands 526 8,318 62090 - Other information technology service activities 483 12,837 74990 - Non-trading company 465 13,984 41100 - Development of building projects 447 11,397 68100 - Buying and selling of own real estate 393 7,106 86210 - General medical practice activities 365 4,591 43999 - Other specialised construction activities not elsewhere classified 362 8,761 96020 - Hairdressing and other beauty treatment 326 6,742 62012 - Business and domestic software development 326 9,752
Recent Companies
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Randomly selected companies from this quarter
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