London, Greater London

Q3 2014 Business Confidence Report

Headlines

  • Q3 2014 saw a new record in company registrations in London when compared to any previous Q3.
  • September 2014 saw a new record in company registrations in London when compared to any previous September.
  • August 2014 saw a new record in company registrations in London when compared to any previous August.
  • July 2014 saw a new record in company registrations in London when compared to any previous July.
  • July 2014 saw a new record in company closures in London when compared to any previous July.
  • August 2014 saw a new record in net growth in London when compared to any previous August.
  • The record third quarter for female directors in London was in 2014 when 25.6% 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. Quarterly Data (Q3 Jul-Sep 2014)

    Q3 2014 saw a new record in company registrations in London when compared to any previous Q3.

    A total of 35,460 companies were registered in London during the third quarter of 2014 (Jul 2014 - Sep 2014).

    This figure is an increase of 6.4% versus the same period last year (Q3 2013). This figure compares equally to the UK as a whole, which saw an increase of 8.1% against the same period last year.

    third quarter (Jul 2014 - Sep 2014)LondonUK
    201435,460143,414
    201333,314132,684
    % change6.4%8.1%
    Record Year 2014 (35,460) 2014 (143,414)
    New Companies by Quarter
  2. Monthly Data (Jul, Aug & Sep 2014)

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

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

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

    New Companies by Month
    JulyAugustSeptember
    New companies in 201412,63110,83611,993
    New companies in 201311,58510,45711,272
    % change9.0%3.6%6.4%
    Record Year2014 (12,631)2014 (10,836)2014 (11,993)

Closed Companies (dissolved)

  1. Quarterly Data (Q3 Jul-Sep 2014)

    A total of 24,744 companies were dissolved in London during the third quarter of 2014 (Jul 2014 - Sep 2014).

    This figure is an increase of 22.0% versus the same period last year (Q3 2013). This figure compares poorly to the UK as a whole, which saw an increase of 18.0% against the same period last year.

    third quarter (Jul 2014 - Sep 2014)LondonUK
    201424,744101,670
    201320,28686,170
    % change22.0%18.0%
    Record Year 2009 (27,310) 2009 (159,405)
    Dissolved Companies by Quarter
  2. Monthly Data (Jul, Aug & Sep 2014)

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

    Dissolved Companies by Month
    JulyAugustSeptember
    Closed companies in 20149,4755,8949,375
    Closed companies in 20137,2435,8897,154
    % change30.8%0.1%31%
    Record Year2014 (9,475)2008 (12,695)2009 (13,860)

Net Company Growth

  1. Quarterly Data (Q3 Jul-Sep 2014)

    Net company growth for London during the third quarter of 2014 (Jul 2014 - Sep 2014) was 10,716 companies.

    third quarter (Jul 2014 - Sep 2014)LondonUK
    201410,71641,744
    201313,02846,514
    Record Year 2013 (13,028) 2013 (46,514)
    Net Growth by Quarter
  2. Monthly Data (Jul, Aug & Sep 2014)

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

    Net Growth by Month
    JulyAugustSeptember
    Net growth in 20143,1564,9422,618
    Net growth in 20134,3424,5684,118
    Record Year2008 (4,846)2014 (4,942)2012 (4,726)

UK Company Share

  1. Quarterly Data (Q3 Jul-Sep 2014)

    In the third quarter of 2014, London formed 24.7% of all UK companies.

    third quarter (Jul 2014 - Sep 2014)London
    201424.7%
    201325.1%
    201225.3%
    201124.5%
    201023.8%
    Record Year (since 1960) 1998 (27.0%)
    Company Share by Quarter
  2. Monthly Data (Jul, Aug & Sep 2014)

    Company Share by Month
    JulyAugustSeptember
    UK formation share in 201424.8%24.8%24.5%
    UK formation share in 201325.1%25.1%25.1%
    % change-0.9%-1.2%-2.4%
    Record Year1945 (28.1%)1929 (30.2%)1929 (30.4%)

Director Age

  1. Quarterly Data (Q3 Jul-Sep 2014)

    The average age of a director in the third quarter of 2014 was 41.8.

    The percentage of directors under the age of 25 was 2.9% compared to the UK figure of 3.7%.

    The percentage of directors over the age of 65 was 4.3% compared to the UK figure of 4.5%.

    Director Age by Quarter

Director Gender

  1. Quarterly Data (Q3 Jul-Sep 2014)

    The record third quarter for female directors in London was in 2014 when 25.6% of all directors were female.

    25.6% of all director appointments in London in the third quarter of 2014 were female. This compares to a UK average of 26.3% for the same period.

    Director Gender by Quarter

Naming Trends

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

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

    wordpercentageuk worduk percentage
    CONSULTING3.54%CONSULTING5.17%
    LONDON3.15%MANAGEMENT4.63%
    MANAGEMENT2.71%CONSULTANCY3.55%
    CO.,2.41%PROPERTY2.62%
    TRADING2.03%ENGINEERING2.07%
    SOLAR1.79%CONSTRUCTION2.05%
    CONSULTANCY1.73%TRADING2.00%
    FARM1.67%LONDON1.95%
    CAPITAL1.66%CARE1.94%
    GLOBAL1.64%TRANSPORT1.76%
    PROPERTY1.42%DESIGN1.70%
    INTERNATIONAL1.39%CONSULTANTS1.70%
    INVESTMENTS1.38%PROPERTIES1.63%
    MEDIA1.17%BUSINESS1.62%
    BUSINESS1.15%J1.53%
    CONSTRUCTION1.10%ELECTRICAL1.53%
    PROPERTIES1.05%GLOBAL1.51%
    DESIGN1.01%INVESTMENTS1.50%
    CONSULTANTS0.96%ASSOCIATES1.48%
    PRODUCTIONS0.89%MEDIA1.38%
    GROUP0.89%CO.,1.36%
    PARTNERS0.87%DEVELOPMENTS1.35%
    INVESTMENT0.87%BUILDING1.30%
    CARE0.86%IT1.30%
    ASSOCIATES0.85%M1.23%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied81,935278,481
    82990 - Other business support service activities not elsewhere classified22,48857,264
    99999 - Dormant Company14,90048,286
    70229 - Management consultancy activities other than financial management9,42140,717
    96090 - Other service activities not elsewhere classified8,56128,224
    62020 - Information technology consultancy activities6,86029,313
    74909 - Other professional, scientific and technical activities not elsewhere classified3,94318,890
    74990 - Non-trading company3,58914,006
    62090 - Other information technology service activities3,42312,795
    62012 - Business and domestic software development2,7619,675
    86900 - Other human health activities2,60511,807
    68209 - Other letting and operating of own or leased real estate2,35310,361
    47910 - Retail sale via mail order houses or via Internet2,2199,914
    41100 - Development of building projects2,21010,604
    68100 - Buying and selling of own real estate2,1376,595
    69201 - Accounting and auditing activities2,0207,401
    56101 - Licensed restaurants1,9908,546
    64999 - Financial intermediation not elsewhere classified1,9105,857
    90030 - Artistic creation1,6624,566
    68320 - Management of real estate on a fee or contract basis1,6085,749

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    09109404 SWEET CHILLI PEPPER LIMITED 01 Jul 2014
    09109780 JCHK LTD 01 Jul 2014
    09109834 ECSTASY FASHIONS LIMITED 01 Jul 2014
    OC394036 SHARIF 2 ESTATES LLP 01 Jul 2014
    09110161 STUDIO CHANCE STREET LIMITED 01 Jul 2014
    09111081 AL HASSAN LTD 01 Jul 2014
    OC394054 FLAT FARM PROPERTIES LLP 02 Jul 2014
    09112505 JTR WEBS AND NETWORKS LTD 02 Jul 2014
    09113050 GOM FONG WANG LIMITED 02 Jul 2014
    09113132 BSFC LTD 02 Jul 2014
    09113290 ZRS TRAINING LTD 02 Jul 2014
    09115473 OCEANWIDE LIMITED 03 Jul 2014
    09116322 BIRAH & CO LTD 04 Jul 2014
    09116818 SUPA GARAGE LTD 04 Jul 2014
    09118391 ORCHID CAPITAL ASSOCIATES LIMITED 07 Jul 2014
    09118812 BAR.B.Q.TO-NITE LTD 07 Jul 2014
    09119009 NASS TRAVELS LIMITED 07 Jul 2014
    09120387 TINK ART LIMITED 08 Jul 2014
    09120473 FORTUITY LTD 08 Jul 2014
    09120855 WE I BABY LTD. 08 Jul 2014
    09121490 MAYFAIR PROPERTIES INVESTMENT LIMITED 08 Jul 2014
    09121702 EBIZA LTD 08 Jul 2014
    09124187 BRAND INSCENTIVES LTD 10 Jul 2014
    09126679 APOGEE (LONDON) LTD 11 Jul 2014
    09128546 ALMAR TRADE LTD 14 Jul 2014