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
    OC391824 HERMES GPE PEC II GP LLP 07 Mar 2014
    08918128 SONNA AFRICAN TEXTILES PECKHAM LIMITED 03 Mar 2014
    08919133 THE CITY GRAD LTD 03 Mar 2014
    08919317 RIVE ROSHAN LTD 03 Mar 2014
    08922006 VELES SECURITIES LIMITED 04 Mar 2014
    08922545 LOTTO FUNDRAISING LTD 04 Mar 2014
    08922881 JAR TRACKING LIMITED 05 Mar 2014
    08923208 EVANS OFFICE CLEANING LIMITED 05 Mar 2014
    08923943 UK LANGUAGE ACADEMY LTD. 05 Mar 2014
    08925152 FAIR LOOK LTD 06 Mar 2014
    08925612 EDUCATION AND EMPLOYMENT LIMITED 06 Mar 2014
    08925772 PIN POINT CLOTHING (UK) LIMITED 06 Mar 2014
    08925863 SPICEMAX LTD 06 Mar 2014
    08927068 HAZELMEAD LIMITED 06 Mar 2014
    08927831 MANGOPLAH LIMITED 07 Mar 2014
    08929176 30 GRAYS INN LIMITED 07 Mar 2014
    08929587 PORTGLEN LIMITED 10 Mar 2014
    08929947 GEORGES NEWSAGENT LTD 10 Mar 2014
    08931317 CONNEXION24CAREHOME LTD 10 Mar 2014
    08931398 SWIFT ARROWS (UK) LIMITED 10 Mar 2014
    08932729 ONCOREITGROUP LIMITED 11 Mar 2014
    08933239 SARA BANQUETING LTD 11 Mar 2014
    08935158 JOSEPHINE HUGHES PRODUCTIONS LTD 12 Mar 2014
    08936759 G&L CAPITAL PARTNERS LTD 13 Mar 2014
    08936896 OCEAN HOMES (UK) LTD 13 Mar 2014