London, Greater London
2010 Annual Business Confidence Report
Headlines
- The second half of 2010 saw a new record in company registrations in London when compared to any previous second half year.
- Q4 2010 saw a new record in company registrations in London when compared to any previous Q4.
- December 2010 saw a new record in company registrations in London when compared to any previous December.
- November 2010 saw a new record in company registrations in London when compared to any previous November.
- October 2010 saw a new record in company registrations in London when compared to any previous October.
- November 2010 saw a new record in company closures in London when compared to any previous November.
- December 2010 saw a new record in net growth in London when compared to any previous December.
- December 2010 saw a new record in UK company share in London when compared to any previous December.
Contents
New Company Registrations
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Annual Data (2010)
A total of 95,735 companies were formed in London in 2010. This total is 16.1% higher than in 2009 and compares favourably to the UK figure of a 10.4% growth compared to 362,675 the previous year.
Year London UK 2010 95,735 400,358 2009 82,474 362,675 2008 76,411 349,203 2007 97,151 457,649 2006 82,793 405,440 Record Year 2007 (97,151) 2007 (457,649) New Companies by Year
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Half Year Data (Jul-Dec 2010)
The second half of 2010 saw a new record in company registrations in London when compared to any previous second half year.
In the second half of 2010 a total of 48,393 companies were formed in London. This figure is 15.1% higher than last year, which compares well to the UK wide figure of 8.8%.
The highest total for a second half year in London occurred in 2010 when a total of 48,393 were formed.
Half Year (Jul-Dec) London UK 2010 48,393 196,609 2009 42,056 180,654 % change 15.1% 8.8% Record Year 2010 (48,393) 2003 (201,446) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
Q4 2010 saw a new record in company registrations in London when compared to any previous Q4.
A total of 24,254 companies were registered in London during the fourth quarter of 2010 (Oct 2010 - Dec 2010).
This figure is an increase of 18.9% versus the same period last year (Q4 2009). This figure compares well to the UK as a whole, which saw an increase of 10.6% against the same period last year.
fourth quarter (Oct 2010 - Dec 2010) London UK 2010 24,254 95,117 2009 20,401 85,983 % change 18.9% 10.6% Record Year 2010 (24,254) 2010 (95,117) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
December 2010 saw a new record in company registrations in London when compared to any previous December.
November 2010 saw a new record in company registrations in London when compared to any previous November.
October 2010 saw a new record in company registrations in London when compared to any previous October.
New Companies by Month
October November December New companies in 2010 8,267 8,586 7,401 New companies in 2009 6,822 7,151 6,428 % change 21.2% 20.1% 15.1% Record Year 2010 (8,267) 2010 (8,586) 2010 (7,401)
Closed Companies (dissolved)
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Annual Data (2010)
A total of 73,853 companies were dissolved in London in 2010. This total is 35.4% lower than in 2009 and compares favourably to the UK figure of 35.9% decrease compared to the previous year.
Year London UK 2010 73,853 342,232 2009 114,236 533,773 2008 51,371 237,901 2007 52,967 220,295 2006 50,794 200,166 Record Year 2009 (114,236) 2009 (533,773) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 a total of 35,724 companies were dissolved in London. This figure is 23.8% lower than last year, which compares badly to the UK wide change of -32.7%.
The highest total for a second half year in London occurred in 2009 when a total of 46,884 were closed.
Half Year (Jul-Dec) London UK 2010 35,724 164,601 2009 46,884 244,537 % change -23.8% -32.7% Record Year 2009 (46,884) 2009 (244,537) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
A total of 16,799 companies were dissolved in London during the fourth quarter of 2010 (Oct 2010 - Dec 2010).
This figure is a decrease of 14.2% versus the same period last year (Q4 2009). This figure compares well to the UK as a whole, which saw a decrease of 9.7% against the same period last year.
fourth quarter (Oct 2010 - Dec 2010) London UK 2010 16,799 76,896 2009 19,571 85,136 % change -14.2% -9.7% Record Year 2009 (19,571) 2009 (85,136) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
November 2010 saw a new record in company closures in London when compared to any previous November.
Dissolved Companies by Month
October November December Closed companies in 2010 6,207 7,306 3,286 Closed companies in 2009 6,730 5,829 7,012 % change -7.8% 25.3% -53% Record Year 2009 (6,730) 2010 (7,306) 2009 (7,012)
Net Company Growth
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Annual Data (2010)
A total of 21,882 companies were added to the company register for London in 2010. This number represents growth of 26.5% in the total number of active companies, which compares favourably to the UK figure of 16.0%.
This number is 53,644 companies higher than the previous year.
The highest net company growth figure ever seen in one year came in 2007 when the London company register grew by 44,184 companies.
Year London UK 2010 21,882 58,126 2009 -31,762 -171,098 2008 25,040 111,302 2007 44,184 237,354 2006 31,999 205,274 Record Year 2007 (44,184) 2003 (242,543) Net Growth by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 the company register for London increased by 12,669 companies.
Half Year (Jul-Dec) London UK 2010 12,669 32,008 2009 -4,828 -63,883 Record Year 1995 (18,568) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
Net company growth for London during the fourth quarter of 2010 (Oct 2010 - Dec 2010) was 7,455 companies.
fourth quarter (Oct 2010 - Dec 2010) London UK 2010 7,455 18,221 2009 830 847 Record Year 1995 (9,340) 2003 (57,175) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
December 2010 saw a new record in net growth in London when compared to any previous December.
Net Growth by Month
October November December Net growth in 2010 2,060 1,280 4,115 Net growth in 2009 92 1,322 -584 Record Year 2008 (5,034) 1995 (3,494) 2010 (4,115)
UK Company Share
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Annual Data (2010)
In 2010 London formed 23.9% of all UK companies. This is an improvement on 2009 when London was responsible for 22.7% of all UK companies.
Year London 2010 23.9% 2009 22.7% 2008 21.9% 2007 21.2% 2006 20.4% Record Year (since 1960) 1998 (26.9%) Company Share by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 London formed 24.6% of all UK companies. This is more than the 2009 figure of 23.3%.
Half Year (Jul-Dec) London 2010 24.6% 2009 23.3% 2008 22.2% 2007 22.6% 2006 21.2% Record Year (since 1960) 1998 (27.1%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
In the fourth quarter of 2010, London formed 25.5% of all UK companies.
fourth quarter (Oct 2010 - Dec 2010) London 2010 25.5% 2009 23.7% 2008 22.4% 2007 22.6% 2006 21.9% Record Year (since 1960) 1998 (27.2%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
December 2010 saw a new record in UK company share in London when compared to any previous December.
Company Share by Month
October November December UK formation share in 2010 24.6% 25.0% 27.3% UK formation share in 2009 23.2% 23.3% 24.9% % change 6.1% 7.3% 9.6% Record Year 1998 (28.1%) 1999 (27.3%) 2010 (27.3%)
Director Age
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Annual Data (2010)
The average age of a director in 2010 was 42.5.
The percentage of directors under the age of 25 was 2.4% compared to the UK figure of 2.5%.
The percentage of directors over the age of 65 was 3.9% compared to the UK figure of 4.5%.
Director Age by Year
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Half Year Data (Jul-Dec 2010)
The average age of a director in the second half of 2010 was 42.2.
The percentage of directors under the age of 25 was 2.8% compared to the UK figure of 2.8%.
The percentage of directors over the age of 65 was 3.9% compared to the UK figure of 4.4%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
The average age of a director in the fourth quarter of 2010 was 42.3.
The percentage of directors under the age of 25 was 2.9% compared to the UK figure of 3.0%.
The percentage of directors over the age of 65 was 3.9% compared to the UK figure of 4.4%.
Director Age by Quarter
Director Gender
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Annual Data (2010)
The record year for female directors in London was 1857 when 36.4% of all directors were female.
The percentage of female directors in London in 2010 was 20.9%. The average for the UK during this time was 26.2%
Director Gender by Year
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Half Year Data (Jul-Dec 2010)
The record second half year for female directors in London was 1860 when 42.9% of all directors were female.
22.7% of all director appointments in London in the second half of 2010 were female. This compares to a UK average of 25.0% for the same period.
Director Gender by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
The record fourth quarter for female directors in London was in 1977 when 31.1% of all directors were female.
22.1% of all director appointments in London in the fourth quarter of 2010 were female. This compares to a UK average of 24.7% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Dec 2009-Dec 2010)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage CONSULTING 3.96% CONSULTING 5.06% MANAGEMENT 3.20% MANAGEMENT 5.01% LONDON 2.68% CONSULTANCY 3.14% TRADING 2.07% PROPERTY 2.36% CAPITAL 1.75% TRADING 2.11% CONSULTANCY 1.65% ASSOCIATES 1.95% INTERNATIONAL 1.57% DESIGN 1.92% INVEST 1.56% BUSINESS 1.82% GLOBAL 1.55% CONSTRUCTION 1.82% MEDIA 1.53% CONSULTANTS 1.76% INVESTMENTS 1.40% MEDIA 1.71% PROPERTY 1.30% ENGINEERING 1.62% BUSINESS 1.27% LONDON 1.60% PRODUCTIONS 1.16% CARE 1.45% DESIGN 1.04% INVESTMENTS 1.44% CONSULTANTS 1.03% GLOBAL 1.43% ASSOCIATES 1.03% J 1.42% PARTNERS 0.94% IT 1.41% PROPERTIES 0.92% PROPERTIES 1.34% CONSTRUCTION 0.90% INTERNATIONAL 1.34% INVESTMENT 0.88% BUILDING 1.34% GROUP 0.86% M 1.30% IT 0.83% ELECTRICAL 1.25% SECURITY 0.78% SYSTEMS 1.24% ROAD 0.76% S 1.23%
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 56,658 199,572 7487 - Other business activities 14,511 63,348 9999 - Dormant Company 6,906 20,144 82990 - Other business support service activities not elsewhere classified 6,169 27,550 99999 - Dormant Company 4,730 16,285 7414 - Business & management consultancy 2,956 13,474 7499 - Non-trading company 2,743 12,000 70229 - Management consultancy activities other than financial management 2,516 14,505 9305 - Other service activities 2,287 8,858 96090 - Other service activities not elsewhere classified 2,077 8,799 74990 - Non-trading company 1,809 8,243 62020 - Information technology consultancy activities 1,801 9,177 7260 - Other computer related activities 1,692 8,089 7222 - Other software consultancy and supply 1,613 7,298 62090 - Other information technology service activities 1,232 6,330 5530 - Restaurants 1,189 4,939 74909 - Other professional, scientific and technical activities not elsewhere classified 1,162 7,088 4521 - General construction & civil engineering 1,062 6,598 64999 - Financial intermediation not elsewhere classified 879 2,527 68209 - Other letting and operating of own or leased real estate 753 3,755
Recent Companies
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Randomly selected companies from this quarter
COMPANY NUMBER COMPANY NAME INCORPORATION DATE 07424424 VIBRANT MINDS LTD 29 Oct 2010 07423286 ORIGINAL TASTE LIMITED 29 Oct 2010 07421497 MARCORE LIMITED 27 Oct 2010 07420896 II&B UK LIMITED 27 Oct 2010 07420192 GIFTS4FRIENDS LTD 27 Oct 2010 07419722 IVORS CLUB SOHO LIMITED 26 Oct 2010 07419680 THE NON RESIDENT BANGLADESHI FOUNDATION UK LIMITED 26 Oct 2010 07418998 DHAKA REGENCY DIRECTORS LIMITED 26 Oct 2010 07417237 NEXT STEP LONDON 25 Oct 2010 07415373 CHEMICAL POUNDS LTD 21 Oct 2010 07413775 SNAAK LTD 20 Oct 2010 07412617 GROVEMANOR LIMITED 19 Oct 2010 07412426 HASAN LMT LIMITED 19 Oct 2010 07411549 FLIGHT-HOUSE TRAVEL LTD 19 Oct 2010 07409448 S&S TRADE LTD 15 Oct 2010 07409211 CPLANCE LIMITED 15 Oct 2010 07408703 EURO CAR MATS LTD 15 Oct 2010 07408449 BESTS CONSTRUCTION MATERIALS TRADING LTD 15 Oct 2010 07406550 ESPAC CONSULTING LTD. 13 Oct 2010 07406544 CIRCUMSURGEONS LTD 13 Oct 2010 07406462 GALAXY MARINE LIMITED 13 Oct 2010 07406280 PHONE BAZAR LIMITED 13 Oct 2010 07405954 TRAVEL HOUSE (UK) LTD 13 Oct 2010 07405464 BANOFUL LUTON LIMITED 13 Oct 2010 07404629 STUDIO-4YOU LTD 12 Oct 2010
reports
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