London, Greater London

2014 Half Year Business Confidence Report

Headlines

  • The first half of 2014 saw a new record in company registrations in London when compared to any previous first half year.
  • The first half of 2014 was a record first half year for company registrations in London when compared to any half year in history.
  • Q2 2014 saw a new record in company registrations in London when compared to any previous Q2.
  • Q2 2014 was a record quarter for company registrations in London when compared to any quarter in history.
  • June 2014 saw a new record in company registrations in London when compared to any previous June.
  • May 2014 saw a new record in company registrations in London when compared to any previous May.
  • April 2014 saw a new record in company registrations in London when compared to any previous April.
  • The first half of 2014 saw a new record in net growth in London when compared to any previous first half year.
  • The first half of 2014 was a record first half year for net growth in London when compared to any half year in history.
  • April 2014 saw a new record in net growth in London when compared to any previous April.
  • April 2014 was a record month for net growth in London when compared to any month in history.
  • The record first half year for female directors in London was 2014 when 23.9% of all directors were female.

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 2014)

    The first half of 2014 saw a new record in company registrations in London when compared to any previous first half year.

    The first half of 2014 was a record first half year for company registrations in London when compared to any half year in history.

    In the first half of 2014 a total of 76,008 companies were formed in London. This figure is 11.3% higher than last year, which compares badly to the UK wide figure of 11.6%.

    The highest total for a first half year in London occurred in 2014 when a total of 76,008 were formed.

    Half Year (Jan-Jun)LondonUK
    201476,008300,731
    201368,267269,432
    % change11.3%11.6%
    Record Year2014 (76,008)2014 (300,731)
    New Companies by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    Q2 2014 saw a new record in company registrations in London when compared to any previous Q2.

    Q2 2014 was a record quarter for company registrations in London when compared to any quarter in history.

    A total of 38,037 companies were registered in London during the second quarter of 2014 (Apr 2014 - Jun 2014).

    This figure is an increase of 11.0% versus the same period last year (Q2 2013). This figure compares equally to the UK as a whole, which saw an increase of 11.4% against the same period last year.

    second quarter (Apr 2014 - Jun 2014)LondonUK
    201438,037150,009
    201334,268134,630
    % change11.0%11.4%
    Record Year 2014 (38,037) 2014 (150,009)
    New Companies by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

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

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

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

    New Companies by Month
    AprilMayJune
    New companies in 201413,81812,27011,949
    New companies in 201312,19411,46610,608
    % change13.3%7.0%12.6%
    Record Year2014 (13,818)2014 (12,270)2014 (11,949)

Closed Companies (dissolved)

  1. Half Year Data (Jan-Jun 2014)

    In the first half of 2014 a total of 43,654 companies were dissolved in London. This figure is 12.8% higher than last year, which compares well to the UK wide change of 14.2%.

    The highest total for a first half year in London occurred in 2009 when a total of 67,344 were closed.

    Half Year (Jan-Jun)LondonUK
    201443,654177,207
    201338,689155,192
    % change12.8%14.2%
    Record Year2009 (67,344)2009 (289,245)
    Dissolved Companies by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    A total of 23,135 companies were dissolved in London during the second quarter of 2014 (Apr 2014 - Jun 2014).

    This figure is an increase of 21.2% versus the same period last year (Q2 2013). This figure compares well to the UK as a whole, which saw an increase of 22.7% against the same period last year.

    second quarter (Apr 2014 - Jun 2014)LondonUK
    201423,13594,837
    201319,08177,278
    % change21.2%22.7%
    Record Year 2009 (41,576) 2009 (181,179)
    Dissolved Companies by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    Dissolved Companies by Month
    AprilMayJune
    Closed companies in 20144,77110,1578,207
    Closed companies in 20136,7595,4776,845
    % change-29.4%85.4%20%
    Record Year2009 (13,685)2009 (18,292)2009 (9,599)

Net Company Growth

  1. Half Year Data (Jan-Jun 2014)

    The first half of 2014 saw a new record in net growth in London when compared to any previous first half year.

    The first half of 2014 was a record first half year for net growth in London when compared to any half year in history.

    In the first half of 2014 the company register for London increased by 32,354 companies.

    Half Year (Jan-Jun)LondonUK
    201432,354123,524
    201329,578114,240
    Record Year2014 (32,354)2007 (171,296)
    Net Growth by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    Net company growth for London during the second quarter of 2014 (Apr 2014 - Jun 2014) was 14,902 companies.

    second quarter (Apr 2014 - Jun 2014)LondonUK
    201414,90255,172
    201315,18757,352
    Record Year 2013 (15,187) 2007 (60,014)
    Net Growth by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

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

    April 2014 was a record month for net growth in London when compared to any month in history.

    Net Growth by Month
    AprilMayJune
    Net growth in 20149,0472,1133,742
    Net growth in 20135,4355,9893,763
    Record Year2014 (9,047)2013 (5,989)2008 (5,782)

UK Company Share

  1. Half Year Data (Jan-Jun 2014)

    In the first half of 2014 London formed 25.3% of all UK companies. This is the same as the 2013 figure of 25.3%.

    Half Year (Jan-Jun)London
    201425.3%
    201325.3%
    201224.9%
    201124.3%
    201023.2%
    Record Year (since 1960) 1999 (27.4%)
    Company Share by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    In the second quarter of 2014, London formed 25.4% of all UK companies.

    second quarter (Apr 2014 - Jun 2014)London
    201425.4%
    201325.5%
    201225.4%
    201124.6%
    201023.8%
    Record Year (since 1960) 1999 (27.1%)
    Company Share by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    Company Share by Month
    AprilMayJune
    UK formation share in 201425.6%25.3%25.2%
    UK formation share in 201325.0%25.6%25.8%
    % change2.2%-1.2%-2.4%
    Record Year1994 (26.5%)1999 (28.7%)1912 (35.9%)

Director Age

  1. Half Year Data (Jan-Jun 2014)

    The average age of a director in the first half of 2014 was 42.6.

    The percentage of directors under the age of 25 was 4.2% compared to the UK figure of 4.3%.

    The percentage of directors over the age of 65 was 3.3% compared to the UK figure of 3.5%.

    Director Age by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    The average age of a director in the second quarter of 2014 was 41.9.

    The percentage of directors under the age of 25 was 3.2% compared to the UK figure of 3.9%.

    The percentage of directors over the age of 65 was 3.5% compared to the UK figure of 3.6%.

    Director Age by Quarter

Director Gender

  1. Half Year Data (Jan-Jun 2014)

    The record first half year for female directors in London was 2014 when 23.9% of all directors were female.

    23.9% of all director appointments in London in the first half of 2014 were female. This compares to a UK average of 26.1% for the same period.

    Director Gender by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    The record second quarter for female directors in London was in 2012 when 24.3% of all directors were female.

    23.3% of all director appointments in London in the second quarter of 2014 were female. This compares to a UK average of 25.9% for the same period.

    Director Gender by Quarter

Naming Trends

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

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

    wordpercentageuk worduk percentage
    CONSULTING3.58%CONSULTING5.16%
    LONDON3.11%MANAGEMENT4.64%
    MANAGEMENT2.76%CONSULTANCY3.50%
    CO.,2.14%PROPERTY2.66%
    TRADING2.03%TRADING2.03%
    SOLAR1.83%ENGINEERING1.99%
    CONSULTANCY1.73%CONSTRUCTION1.93%
    FARM1.70%LONDON1.93%
    CAPITAL1.64%CARE1.85%
    GLOBAL1.64%DESIGN1.75%
    PROPERTY1.42%CONSULTANTS1.73%
    INVESTMENTS1.39%BUSINESS1.69%
    INTERNATIONAL1.37%PROPERTIES1.63%
    MEDIA1.23%TRANSPORT1.58%
    BUSINESS1.18%GLOBAL1.55%
    DESIGN1.06%INVESTMENTS1.55%
    PROPERTIES1.05%J1.51%
    CONSTRUCTION1.05%ASSOCIATES1.48%
    CONSULTANTS0.97%MEDIA1.44%
    PARTNERS0.90%ELECTRICAL1.40%
    PRODUCTIONS0.90%IT1.33%
    ASSOCIATES0.89%DEVELOPMENTS1.33%
    GROUP0.86%BUILDING1.26%
    INVESTMENT0.85%M1.24%
    CARE0.80%CO.,1.20%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied77,650261,557
    82990 - Other business support service activities not elsewhere classified21,79857,421
    99999 - Dormant Company14,90348,436
    70229 - Management consultancy activities other than financial management9,28940,250
    96090 - Other service activities not elsewhere classified8,60728,352
    62020 - Information technology consultancy activities6,69629,029
    74909 - Other professional, scientific and technical activities not elsewhere classified4,00219,058
    74990 - Non-trading company3,73014,351
    62090 - Other information technology service activities3,46413,024
    62012 - Business and domestic software development2,7899,834
    86900 - Other human health activities2,48311,292
    68209 - Other letting and operating of own or leased real estate2,31010,133
    41100 - Development of building projects2,22910,527
    47910 - Retail sale via mail order houses or via Internet2,2019,900
    68100 - Buying and selling of own real estate2,0856,413
    69201 - Accounting and auditing activities2,0277,415
    56101 - Licensed restaurants2,0268,585
    64999 - Financial intermediation not elsewhere classified1,9165,836
    90030 - Artistic creation1,6534,548
    68320 - Management of real estate on a fee or contract basis1,6005,731

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    08970629 GRACE LEE FINE JEWELLERY LIMITED 01 Apr 2014
    08971771 LGN-LDN LTD 01 Apr 2014
    08971981 BABB PHOTO LTD 02 Apr 2014
    08974874 MARINESAFE LIMITED 03 Apr 2014
    08975024 GOLDFAME LIMITED 03 Apr 2014
    08975487 CHICKEN ROOSTER LONDON LTD 03 Apr 2014
    08976332 NEUMADS LIMITED 03 Apr 2014
    08978984 CHECKED-IN LONDON LIMITED 04 Apr 2014
    08979665 SCALEWORKS LIMITED 04 Apr 2014
    08981509 JEROME CORPORATION LIMITED 07 Apr 2014
    08981890 NOORA FASHION LTD 07 Apr 2014
    08982064 ZAMAN ELECTRONICS & ENGINEERING LTD 07 Apr 2014
    08982297 LUD STUDIOS LTD 07 Apr 2014
    08982429 EM12ULD LIMITED 07 Apr 2014
    08983784 WORLDSEND LONDON LIMITED 08 Apr 2014
    08985467 STRAPLINE LIMITED 08 Apr 2014
    08986651 JO SHANNON LIMITED 08 Apr 2014
    08989516 MONTROX MARKETING SOLUTIONS LIMITED 10 Apr 2014
    08989902 VIC INSPECTION SERVICES HOLDING LIMITED 10 Apr 2014
    08989925 CHUTNEY PALATE LIMITED 10 Apr 2014
    08991402 IP TRADE LTD 10 Apr 2014
    08991857 HPUT NOMINEE NO. 1 LIMITED 11 Apr 2014
    08992573 ZEERA INDIAN (NI) LTD 11 Apr 2014
    08992731 BLACKBIRD MGMT LTD 11 Apr 2014
    08992787 DESERT FLOWER FOUNDATION 11 Apr 2014