London, Greater London

2010 Half Year Business Confidence Report

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. Half Year Data (Jan-Jun 2010)

    In the first half of 2010 a total of 47,342 companies were formed in London. This figure is 17.1% higher than last year, which compares well to the UK wide figure of 11.9%.

    The highest total for a first half year in London occurred in 2007 when a total of 56,871 were formed.

    Half Year (Jan-Jun)LondonUK
    201047,342203,749
    200940,418182,021
    % change17.1%11.9%
    Record Year2007 (56,871)2007 (279,097)
    New Companies by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2010)

    A total of 23,428 companies were registered in London during the second quarter of 2010 (Apr 2010 - Jun 2010).

    This figure is an increase of 14.2% versus the same period last year (Q2 2009). This figure compares equally to the UK as a whole, which saw an increase of 8.4% against the same period last year.

    second quarter (Apr 2010 - Jun 2010)LondonUK
    201023,42898,612
    200920,52190,987
    % change14.2%8.4%
    Record Year 2007 (25,904) 2007 (112,283)
    New Companies by Quarter
  3. Monthly Data (Apr, May & Jun 2010)

    New Companies by Month
    AprilMayJune
    New companies in 20107,7776,9568,695
    New companies in 20096,9266,4327,163
    % change12.3%8.1%21.4%
    Record Year2007 (8,712)2007 (8,097)2007 (9,095)

Closed Companies (dissolved)

  1. Half Year Data (Jan-Jun 2010)

    In the first half of 2010 a total of 38,129 companies were dissolved in London. This figure is 43.4% lower than last year, which compares well to the UK wide change of -38.6%.

    The highest total for a first half year in London occurred in 2009 when a total of 67,352 were closed.

    Half Year (Jan-Jun)LondonUK
    201038,129177,631
    200967,352289,236
    % change-43.4%-38.6%
    Record Year2009 (67,352)2009 (289,236)
    Dissolved Companies by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2010)

    A total of 20,126 companies were dissolved in London during the second quarter of 2010 (Apr 2010 - Jun 2010).

    This figure is a decrease of 51.6% versus the same period last year (Q2 2009). This figure compares well to the UK as a whole, which saw a decrease of 47.6% against the same period last year.

    second quarter (Apr 2010 - Jun 2010)LondonUK
    201020,12694,954
    200941,581181,176
    % change-51.6%-47.6%
    Record Year 2009 (41,581) 2009 (181,176)
    Dissolved Companies by Quarter
  3. Monthly Data (Apr, May & Jun 2010)

    Dissolved Companies by Month
    AprilMayJune
    Closed companies in 20104,7737,5087,845
    Closed companies in 200913,68718,2929,602
    % change-65.1%-59.0%-18%
    Record Year2009 (13,687)2009 (18,292)2009 (9,602)

Net Company Growth

  1. Half Year Data (Jan-Jun 2010)

    In the first half of 2010 the company register for London increased by 9,213 companies.

    Half Year (Jan-Jun)LondonUK
    20109,21326,118
    2009-26,934-107,215
    Record Year2007 (30,016)2007 (171,296)
    Net Growth by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2010)

    Net company growth for London during the second quarter of 2010 (Apr 2010 - Jun 2010) was 3,302 companies.

    second quarter (Apr 2010 - Jun 2010)LondonUK
    20103,3023,658
    2009-21,060-90,189
    Record Year 2007 (13,105) 2003 (69,274)
    Net Growth by Quarter
  3. Monthly Data (Apr, May & Jun 2010)

    Net Growth by Month
    AprilMayJune
    Net growth in 20103,004-552850
    Net growth in 2009-6,761-11,860-2,439
    Record Year2007 (5,762)1995 (3,298)2008 (5,781)

UK Company Share

  1. Half Year Data (Jan-Jun 2010)

    In the first half of 2010 London formed 23.2% of all UK companies. This is more than the 2009 figure of 22.2%.

    Half Year (Jan-Jun)London
    201023.2%
    200922.2%
    200821.6%
    200720.4%
    200619.7%
    Record Year (since 1960) 1999 (27.4%)
    Company Share by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2010)

    In the second quarter of 2010, London formed 23.8% of all UK companies.

    second quarter (Apr 2010 - Jun 2010)London
    201023.8%
    200922.6%
    200822.1%
    200723.1%
    200619.2%
    Record Year (since 1960) 1999 (27.1%)
    Company Share by Quarter
  3. Monthly Data (Apr, May & Jun 2010)

    Company Share by Month
    AprilMayJune
    UK formation share in 201023.3%23.2%24.7%
    UK formation share in 200922.6%22.5%22.6%
    % change3.3%3.1%9.2%
    Record Year1994 (26.5%)1999 (28.7%)1996 (27.5%)

Director Age

  1. Half Year Data (Jan-Jun 2010)

    The average age of a director in the first half of 2010 was 42.9.

    The percentage of directors under the age of 25 was 2.0% compared to the UK figure of 2.1%.

    The percentage of directors over the age of 65 was 3.9% compared to the UK figure of 4.7%.

    Director Age by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2010)

    The average age of a director in the second quarter of 2010 was 42.6.

    The percentage of directors under the age of 25 was 2.2% compared to the UK figure of 2.3%.

    The percentage of directors over the age of 65 was 3.7% compared to the UK figure of 4.4%.

    Director Age by Quarter

Director Gender

  1. Half Year Data (Jan-Jun 2010)

    The record first half year for female directors in London was 1857 when 40.0% of all directors were female.

    22.5% of all director appointments in London in the first half of 2010 were female. This compares to a UK average of 24.9% for the same period.

    Director Gender by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2010)

    The record second quarter for female directors in London was in 1866 when 66.7% of all directors were female.

    22.5% of all director appointments in London in the second quarter of 2010 were female. This compares to a UK average of 25.1% for the same period.

    Director Gender by Quarter

Naming Trends

  1. Previous 12 months (Jun 2009-Jun 2010)

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

    wordpercentageuk worduk percentage
    CONSULTING3.75%MANAGEMENT5.01%
    MANAGEMENT3.21%CONSULTING4.79%
    LONDON2.60%CONSULTANCY3.02%
    TRADING1.91%PROPERTY2.40%
    CAPITAL1.80%ASSOCIATES2.02%
    INTERNATIONAL1.75%TRADING2.01%
    MEDIA1.62%DESIGN1.91%
    INVEST1.62%CONSTRUCTION1.85%
    CONSULTANCY1.52%MEDIA1.80%
    INVESTMENTS1.47%BUSINESS1.75%
    GLOBAL1.44%CONSULTANTS1.71%
    PROPERTY1.29%INTERNATIONAL1.59%
    PRODUCTIONS1.14%ENGINEERING1.56%
    BUSINESS1.14%LONDON1.52%
    PARTNERS1.07%INVESTMENTS1.49%
    GROUP1.05%J1.46%
    DESIGN1.04%CARE1.41%
    ASSOCIATES1.01%GLOBAL1.39%
    CONSULTANTS0.92%PROPERTIES1.35%
    INVESTMENT0.90%BUILDING1.33%
    PROPERTIES0.88%M1.29%
    CONSTRUCTION0.86%IT1.28%
    ENTERPRISES0.77%ELECTRICAL1.27%
    IT0.77%GROUP1.25%
    ROAD0.76%DEVELOPMENTS1.25%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied60,212207,125
    7487 - Other business activities15,23568,525
    9999 - Dormant Company6,63619,842
    82990 - Other business support service activities not elsewhere classified5,56125,942
    99999 - Dormant Company3,81714,342
    7499 - Non-trading company3,24113,997
    7414 - Business & management consultancy3,22014,598
    70229 - Management consultancy activities other than financial management2,29713,490
    9305 - Other service activities2,1958,822
    7260 - Other computer related activities1,9719,122
    96090 - Other service activities not elsewhere classified1,8317,922
    7222 - Other software consultancy and supply1,7628,285
    74990 - Non-trading company1,6887,893
    62020 - Information technology consultancy activities1,5758,590
    4521 - General construction & civil engineering1,3048,262
    5530 - Restaurants1,1884,879
    62090 - Other information technology service activities1,1385,854
    74909 - Other professional, scientific and technical activities not elsewhere classified1,0776,684
    7011 - Development & sell real estate1,0444,579
    41100 - Development of building projects8213,945

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    07240318 THANIA LIMITED 30 Apr 2010
    07239617 ARENCO LIMITED 29 Apr 2010
    07238673 HAMILTON GREENFIELD LIMITED 29 Apr 2010
    07238597 WEST 1 STUDIOS LONDON LIMITED 29 Apr 2010
    07238008 J M (LONDON) LIMITED 28 Apr 2010
    07238004 YOUNG FACE OF AFRICA UK LTD 28 Apr 2010
    07234333 PERY CHICKEN 2010 LTD 26 Apr 2010
    07233395 PERFECT FASHION LONDON LTD 23 Apr 2010
    07232140 S.NOOR CONSULTANCY LTD 22 Apr 2010
    07229013 HEALTHYOUTLET LIMITED 20 Apr 2010
    07228166 GHANDI (UK) LTD 20 Apr 2010
    07226650 VARNA ISMAIL MEDICAL LIMITED 19 Apr 2010
    07226564 OCEANS PROPERTY (UK) LTD 17 Apr 2010
    07225728 BRIGHT FUTURE CONSULTANCY LIMITED 16 Apr 2010
    07225557 GREER ROCKS LIMITED 16 Apr 2010
    07225129 OIT HOTELS LIMITED 15 Apr 2010
    07224248 CLARINDALE LTD 15 Apr 2010
    07223129 SOLAR PLANET BD LIMITED 14 Apr 2010
    07221806 EURODESH TRADER LIMITED 13 Apr 2010
    07221457 ACADEMY OF PRIVATE TUITION LTD 13 Apr 2010
    07221351 EURODESH GROUP LTD 13 Apr 2010
    07220887 VESTA CLEANING SERVICES LTD 13 Apr 2010
    07220588 ACADEMY OF PROFESSIONAL STUDIES LTD 12 Apr 2010
    07219758 VICTORSTONE INVESTMENTS LIMITED 12 Apr 2010
    07219677 ORIENTAL FISH & VEG LTD 12 Apr 2010