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London, Greater London

Q1 2011 Business Confidence Report

Headlines

  • February 2011 saw a new record in company registrations in London when compared to any previous February.
  • January 2011 saw a new record in company closures in London when compared to any previous January.

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. Quarterly Data (Q1 Jan-Mar 2011)

    A total of 28,033 companies were registered in London during the first quarter of 2011 (Jan 2011 - Mar 2011).

    This figure is an increase of 17.2% versus the same period last year (Q1 2010). This figure compares well to the UK as a whole, which saw an increase of 10.7% against the same period last year.

    first quarter (Jan 2011 - Mar 2011)LondonUK
    201128,033116,391
    201023,914105,137
    % change17.2%10.7%
    Record Year 2007 (30,967) 2007 (166,814)
    New Companies by Quarter
  2. Monthly Data (Jan, Feb & Mar 2011)

    February 2011 saw a new record in company registrations in London when compared to any previous February.

    New Companies by Month
    JanuaryFebruaryMarch
    New companies in 20118,3969,00110,636
    New companies in 20106,9917,3349,589
    % change20.1%22.7%10.9%
    Record Year2007 (8,406)2011 (9,001)2007 (13,856)

Closed Companies (dissolved)

  1. Quarterly Data (Q1 Jan-Mar 2011)

    A total of 20,472 companies were dissolved in London during the first quarter of 2011 (Jan 2011 - Mar 2011).

    This figure is an increase of 13.7% versus the same period last year (Q1 2010). This figure compares poorly to the UK as a whole, which saw an increase of 10.0% against the same period last year.

    first quarter (Jan 2011 - Mar 2011)LondonUK
    201120,47290,986
    201018,00382,677
    % change13.7%10.0%
    Record Year 2009 (25,771) 2009 (108,060)
    Dissolved Companies by Quarter
  2. Monthly Data (Jan, Feb & Mar 2011)

    January 2011 saw a new record in company closures in London when compared to any previous January.

    Dissolved Companies by Month
    JanuaryFebruaryMarch
    Closed companies in 20118,0405,8806,552
    Closed companies in 20104,6025,5657,836
    % change74.7%5.7%-16%
    Record Year2011 (8,040)2008 (6,497)2009 (18,023)

Net Company Growth

  1. Quarterly Data (Q1 Jan-Mar 2011)

    Net company growth for London during the first quarter of 2011 (Jan 2011 - Mar 2011) was 7,561 companies.

    first quarter (Jan 2011 - Mar 2011)LondonUK
    20117,56125,405
    20105,91122,460
    Record Year 2007 (16,911) 2007 (111,282)
    Net Growth by Quarter
  2. Monthly Data (Jan, Feb & Mar 2011)

    Net Growth by Month
    JanuaryFebruaryMarch
    Net growth in 20113563,1214,084
    Net growth in 20102,3891,7691,753
    Record Year1995 (3,284)2007 (5,036)2007 (9,043)

UK Company Share

  1. Quarterly Data (Q1 Jan-Mar 2011)

    In the first quarter of 2011, London formed 24.1% of all UK companies.

    first quarter (Jan 2011 - Mar 2011)London
    201124.1%
    201022.7%
    200921.9%
    200821.2%
    200718.6%
    Record Year (since 1960) 1999 (27.7%)
    Company Share by Quarter
  2. Monthly Data (Jan, Feb & Mar 2011)

    Company Share by Month
    JanuaryFebruaryMarch
    UK formation share in 201124.9%23.8%23.7%
    UK formation share in 201024.0%22.1%22.4%
    % change3.6%7.9%5.8%
    Record Year1989 (28.1%)1999 (26.3%)1999 (28.6%)

Director Age

  1. Quarterly Data (Q1 Jan-Mar 2011)

    The average age of a director in the first quarter of 2011 was 41.9.

    The percentage of directors under the age of 25 was 3.1% compared to the UK figure of 3.0%.

    The percentage of directors over the age of 65 was 3.5% compared to the UK figure of 4.3%.

    Director Age by Quarter

Director Gender

  1. Quarterly Data (Q1 Jan-Mar 2011)

    The record first quarter for female directors in London was in 1861 when 40.0% of all directors were female.

    23.1% of all director appointments in London in the first quarter of 2011 were female. This compares to a UK average of 25.4% for the same period.

    Director Gender by Quarter

Naming Trends

  1. Previous 12 months (Mar 2010-Mar 2011)

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

    wordpercentageuk worduk percentage
    CONSULTING4.00%CONSULTING5.04%
    MANAGEMENT3.18%MANAGEMENT4.97%
    LONDON2.61%CONSULTANCY3.16%
    TRADING2.04%PROPERTY2.38%
    CAPITAL1.68%TRADING2.10%
    CONSULTANCY1.67%DESIGN1.93%
    GLOBAL1.64%ASSOCIATES1.92%
    INVEST1.61%BUSINESS1.87%
    MEDIA1.48%CONSTRUCTION1.80%
    INTERNATIONAL1.47%CONSULTANTS1.76%
    INVESTMENTS1.37%MEDIA1.69%
    PROPERTY1.35%ENGINEERING1.61%
    BUSINESS1.30%LONDON1.60%
    PRODUCTIONS1.18%CARE1.45%
    DESIGN1.04%J1.45%
    CONSULTANTS1.03%GLOBAL1.44%
    ASSOCIATES1.01%INVESTMENTS1.43%
    PROPERTIES0.94%IT1.41%
    PARTNERS0.93%PROPERTIES1.36%
    INVESTMENT0.92%BUILDING1.34%
    GROUP0.89%M1.30%
    CONSTRUCTION0.87%ELECTRICAL1.28%
    IT0.82%S1.24%
    SECURITY0.81%INTERNATIONAL1.23%
    ENTERPRISES0.77%SYSTEMS1.23%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied57,634202,798
    7487 - Other business activities14,09960,968
    82990 - Other business support service activities not elsewhere classified7,09130,253
    9999 - Dormant Company6,71319,765
    99999 - Dormant Company5,53018,336
    70229 - Management consultancy activities other than financial management2,89716,150
    7414 - Business & management consultancy2,80712,916
    7499 - Non-trading company2,62611,316
    96090 - Other service activities not elsewhere classified2,40210,085
    9305 - Other service activities2,3048,740
    62020 - Information technology consultancy activities2,10310,246
    74990 - Non-trading company1,9048,695
    7260 - Other computer related activities1,6447,789
    7222 - Other software consultancy and supply1,5777,000
    62090 - Other information technology service activities1,3876,996
    74909 - Other professional, scientific and technical activities not elsewhere classified1,2907,788
    5530 - Restaurants1,1574,898
    4521 - General construction & civil engineering9956,183
    64999 - Financial intermediation not elsewhere classified9582,754
    86900 - Other human health activities7834,092

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    07545912 SEMINARFLAT LTD 28 Feb 2011
    07545798 JAGLO BUILDERS LTD 28 Feb 2011
    07544567 UNIVISION CONSULTANCY LTD 28 Feb 2011
    07544455 FREEMAN ACCIDENT MANAGEMENT LIMITED 28 Feb 2011
    07544405 REGENCY LINEN LIMITED 28 Feb 2011
    07544362 MHC INCORPORATIONS LTD 28 Feb 2011
    07544249 MHC ACCOUNTANTS LTD 28 Feb 2011
    07542558 MEDICALFLAT LTD 25 Feb 2011
    07542518 PERSONALFLAT LTD 25 Feb 2011
    07542435 ADRESSENFLAT LTD 24 Feb 2011
    07540933 MCI GLOBAL INVESTMENT ADVISORS LIMITED 24 Feb 2011
    07540690 CET TAXIS LIMITED 23 Feb 2011
    07539734 BOLLYWOOD TRUMPINGTON LTD 23 Feb 2011
    07539552 BENGAL CLAY OVEN LIMITED 23 Feb 2011
    07539104 RSB ESTATE MANAGEMENT (ALEXANDRA) LIMITED 22 Feb 2011
    07539089 RSB ESTATE MANAGEMENT LTD 22 Feb 2011
    07535978 EMPIRE OF AROMA LTD 21 Feb 2011
    07535646 INDIA AIR COURIERS LIMITED 18 Feb 2011
    07535566 FMO IT DESIGN LTD 18 Feb 2011
    07535284 LOVENY LIMITED 18 Feb 2011
    07533832 MC&R LTD 17 Feb 2011
    07526949 INVEST UNION LTD 11 Feb 2011
    07526140 CITI KITCHEN LONDON LIMITED 11 Feb 2011
    07525580 CALCULATED-RISK-DEVELOPMENT LTD 10 Feb 2011
    07525568 I & J STYLE LTD 10 Feb 2011