London, Greater London

Q1 2014 Business Confidence Report

Headlines

  • Q1 2014 saw a new record in company registrations in London when compared to any previous Q1.
  • Q1 2014 was a record quarter for company registrations in London when compared to any quarter in history.
  • February 2014 saw a new record in company registrations in London when compared to any previous February.
  • January 2014 saw a new record in company registrations in London when compared to any previous January.
  • February 2014 saw a new record in company closures in London when compared to any previous February.
  • January 2014 saw a new record in net growth 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 2014)

    Q1 2014 saw a new record in company registrations in London when compared to any previous Q1.

    Q1 2014 was a record quarter for company registrations in London when compared to any quarter in history.

    A total of 37,971 companies were registered in London during the first quarter of 2014 (Jan 2014 - Mar 2014).

    This figure is an increase of 11.7% versus the same period last year (Q1 2013). This figure compares equally to the UK as a whole, which saw an increase of 11.8% against the same period last year.

    first quarter (Jan 2014 - Mar 2014)LondonUK
    201437,971150,722
    201333,999134,802
    % change11.7%11.8%
    Record Year 2014 (37,971) 2007 (166,814)
    New Companies by Quarter
  2. Monthly Data (Jan, Feb & Mar 2014)

    February 2014 saw a new record in company registrations in London when compared to any previous February.

    January 2014 saw a new record in company registrations in London when compared to any previous January.

    New Companies by Month
    JanuaryFebruaryMarch
    New companies in 201411,88612,84413,241
    New companies in 201310,98711,80111,211
    % change8.2%8.8%18.1%
    Record Year2014 (11,886)2014 (12,844)2007 (13,856)

Closed Companies (dissolved)

  1. Quarterly Data (Q1 Jan-Mar 2014)

    A total of 20,519 companies were dissolved in London during the first quarter of 2014 (Jan 2014 - Mar 2014).

    This figure is an increase of 4.6% versus the same period last year (Q1 2013). This figure compares well to the UK as a whole, which saw an increase of 5.7% against the same period last year.

    first quarter (Jan 2014 - Mar 2014)LondonUK
    201420,51982,370
    201319,60877,914
    % change4.6%5.7%
    Record Year 2009 (25,768) 2009 (108,066)
    Dissolved Companies by Quarter
  2. Monthly Data (Jan, Feb & Mar 2014)

    February 2014 saw a new record in company closures in London when compared to any previous February.

    Dissolved Companies by Month
    JanuaryFebruaryMarch
    Closed companies in 20146,6616,9976,861
    Closed companies in 20138,4815,6215,506
    % change-21.5%24.5%25%
    Record Year2013 (8,481)2014 (6,997)2009 (18,023)

Net Company Growth

  1. Quarterly Data (Q1 Jan-Mar 2014)

    Net company growth for London during the first quarter of 2014 (Jan 2014 - Mar 2014) was 17,452 companies.

    first quarter (Jan 2014 - Mar 2014)LondonUK
    201417,45268,352
    201314,39156,888
    Record Year 2014 (17,452) 2007 (111,282)
    Net Growth by Quarter
  2. Monthly Data (Jan, Feb & Mar 2014)

    January 2014 saw a new record in net growth in London when compared to any previous January.

    Net Growth by Month
    JanuaryFebruaryMarch
    Net growth in 20145,2255,8476,380
    Net growth in 20132,5066,1805,705
    Record Year2014 (5,225)2013 (6,180)2007 (9,043)

UK Company Share

  1. Quarterly Data (Q1 Jan-Mar 2014)

    In the first quarter of 2014, London formed 25.2% of all UK companies.

    first quarter (Jan 2014 - Mar 2014)London
    201425.2%
    201325.2%
    201224.5%
    201124.1%
    201022.7%
    Record Year (since 1960) 1999 (27.7%)
    Company Share by Quarter
  2. Monthly Data (Jan, Feb & Mar 2014)

    Company Share by Month
    JanuaryFebruaryMarch
    UK formation share in 201425.3%26.7%23.8%
    UK formation share in 201325.0%26.5%24.2%
    % change1.2%0.5%-1.4%
    Record Year1989 (28.1%)1902 (42.9%)1999 (28.6%)

Director Age

  1. Quarterly Data (Q1 Jan-Mar 2014)

    The average age of a director in the first quarter of 2014 was 43.3.

    The percentage of directors under the age of 25 was 5.1% compared to the UK figure of 4.6%.

    The percentage of directors over the age of 65 was 3.1% compared to the UK figure of 3.5%.

    Director Age by Quarter

Director Gender

  1. Quarterly Data (Q1 Jan-Mar 2014)

    The record first quarter for female directors in London was in 2013 when 26.0% of all directors were female.

    24.4% of all director appointments in London in the first quarter of 2014 were female. This compares to a UK average of 26.4% for the same period.

    Director Gender by Quarter

Naming Trends

  1. Previous 12 months (Mar 2013-Mar 2014)

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

    wordpercentageuk worduk percentage
    CONSULTING3.69%CONSULTING5.22%
    LONDON3.08%MANAGEMENT4.67%
    MANAGEMENT2.86%CONSULTANCY3.49%
    TRADING1.96%PROPERTY2.64%
    CO.,1.80%TRADING2.05%
    CONSULTANCY1.76%LONDON1.88%
    GLOBAL1.70%ENGINEERING1.86%
    CAPITAL1.68%CARE1.79%
    INVESTMENTS1.46%CONSTRUCTION1.75%
    PROPERTY1.43%DESIGN1.75%
    INTERNATIONAL1.32%CONSULTANTS1.73%
    MEDIA1.28%BUSINESS1.71%
    BUSINESS1.15%PROPERTIES1.60%
    DESIGN1.06%INVESTMENTS1.60%
    PROPERTIES1.03%GLOBAL1.58%
    CONSTRUCTION1.00%J1.48%
    CONSULTANTS0.97%ASSOCIATES1.48%
    PRODUCTIONS0.96%MEDIA1.48%
    PARTNERS0.96%IT1.33%
    INVESTMENT0.87%TRANSPORT1.30%
    ASSOCIATES0.85%DEVELOPMENTS1.29%
    GROUP0.84%BUILDING1.24%
    CARE0.78%M1.21%
    TRADE0.77%CAPITAL1.20%
    CO0.73%ELECTRICAL1.19%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied82,107280,210
    82990 - Other business support service activities not elsewhere classified21,03856,411
    99999 - Dormant Company14,58047,084
    70229 - Management consultancy activities other than financial management8,60437,882
    96090 - Other service activities not elsewhere classified8,00426,700
    62020 - Information technology consultancy activities6,30027,750
    74909 - Other professional, scientific and technical activities not elsewhere classified3,90018,491
    74990 - Non-trading company3,64814,135
    62090 - Other information technology service activities3,38712,813
    62012 - Business and domestic software development2,6219,509
    86900 - Other human health activities2,24410,273
    68209 - Other letting and operating of own or leased real estate2,0659,284
    41100 - Development of building projects2,0639,855
    47910 - Retail sale via mail order houses or via Internet2,0169,358
    69201 - Accounting and auditing activities1,9227,313
    56101 - Licensed restaurants1,9127,965
    68100 - Buying and selling of own real estate1,9055,920
    64999 - Financial intermediation not elsewhere classified1,8335,537
    90030 - Artistic creation1,5734,340
    59111 - Motion picture production activities1,5253,048

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    OC390130 NETBERG CONSULTING LLP 02 Jan 2014
    08829140 QUACK MEDIA PRODUCTIONS LTD 02 Jan 2014
    08829927 JUEL MIAH LIMITED 02 Jan 2014
    08830467 SARKER & CO. LIMITED 03 Jan 2014
    08830560 DELICIOUS VAPE LTD 03 Jan 2014
    08830584 NEONSPECIALISTS.COM LTD 03 Jan 2014
    08830997 EAT FRESH (UK) LIMITED 03 Jan 2014
    08831667 AMANI LUTON LTD 03 Jan 2014
    08831982 BALTIC POINT LTD 06 Jan 2014
    08832048 SUBLIME VAPES LTD 06 Jan 2014
    08832810 E-CIG STORE LIMITED 06 Jan 2014
    08836674 LOCAL PAYLESS OF KIRKDALE LTD 08 Jan 2014
    08839881 VIVA ATHLETIC LIMITED 10 Jan 2014
    08841472 LILIAN ASSOCIATES LTD 13 Jan 2014
    08841976 LUNA HOSPITALITY,TRAVEL AND TOURISM MANAGEMENT LTD 13 Jan 2014
    08842047 FILASETERNITYGYM LIMITED 13 Jan 2014
    08842550 INTERMEDIATE SYSTEMS TO INDERMEDIATE SYSTEMS LTD 13 Jan 2014
    08843424 EVERGREEN PVT LTD 13 Jan 2014
    08844101 REDEYE STUDIOS LTD 14 Jan 2014
    08846982 I VISIONIT OPTICAL LIMITED 15 Jan 2014
    08849124 INVESTOMEDIA LTD 16 Jan 2014
    08850486 THENATURALWAY LIMITED 17 Jan 2014
    08852184 BQ SOLUTIONS LTD 20 Jan 2014
    08853411 TAMANNA (NW) LIMITED 20 Jan 2014
    OC390516 HAZELTONE LLP 21 Jan 2014