London, Greater London
2014 Annual Business Confidence Report
Headlines
- 2014 was a record year for company registrations in London when compared to any year in history.
- The second half of 2014 saw a new record in company registrations in London when compared to any previous second half year.
- Q4 2014 saw a new record in company registrations in London when compared to any previous Q4.
- December 2014 saw a new record in company registrations in London when compared to any previous December.
- November 2014 saw a new record in company registrations in London when compared to any previous November.
- October 2014 saw a new record in company registrations in London when compared to any previous October.
- December 2014 saw a new record in company closures in London when compared to any previous December.
- 2014 was a record year for net growth in London when compared to any year in history.
- October 2014 saw a new record in net growth in London when compared to any previous October.
- The record second half year for female directors in London was 2014 when 24.4% of all directors were female.
Contents
New Company Registrations
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Annual Data (2014)
2014 was a record year for company registrations in London when compared to any year in history.
A total of 146,236 companies were formed in London in 2014. This total is 8.6% higher than in 2013 and compares equally to the UK figure of a 10.0% growth compared to 529,363 the previous year.
Year London UK 2014 146,236 582,051 2013 134,621 529,363 2012 124,359 491,893 2011 112,010 452,870 2010 95,735 400,358 Record Year 2014 (146,236) 2014 (582,051) New Companies by Year
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Half Year Data (Jul-Dec 2014)
The second half of 2014 saw a new record in company registrations in London when compared to any previous second half year.
In the second half of 2014 a total of 70,228 companies were formed in London. This figure is 5.8% higher than last year, which compares badly to the UK wide figure of 8.2%.
The highest total for a second half year in London occurred in 2014 when a total of 70,228 were formed.
Half Year (Jul-Dec) London UK 2014 70,228 281,320 2013 66,354 259,931 % change 5.8% 8.2% Record Year 2014 (70,228) 2014 (281,320) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
Q4 2014 saw a new record in company registrations in London when compared to any previous Q4.
A total of 34,768 companies were registered in London during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is an increase of 5.2% versus the same period last year (Q4 2013). This figure compares equally to the UK as a whole, which saw an increase of 8.4% against the same period last year.
fourth quarter (Oct 2014 - Dec 2014) London UK 2014 34,768 137,906 2013 33,040 127,247 % change 5.2% 8.4% Record Year 2014 (34,768) 2014 (137,906) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
December 2014 saw a new record in company registrations in London when compared to any previous December.
November 2014 saw a new record in company registrations in London when compared to any previous November.
October 2014 saw a new record in company registrations in London when compared to any previous October.
New Companies by Month
October November December New companies in 2014 12,838 11,295 10,635 New companies in 2013 12,634 11,225 9,181 % change 1.6% 0.6% 15.8% Record Year 2014 (12,838) 2014 (11,295) 2014 (10,635)
Closed Companies (dissolved)
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Annual Data (2014)
A total of 90,209 companies were dissolved in London in 2014. This total is 11.4% higher than in 2013 and compares favourably to the UK figure of 10.8% growth compared to the previous year.
Year London UK 2014 90,209 367,937 2013 81,005 332,213 2012 69,001 293,729 2011 72,425 314,524 2010 73,854 342,233 Record Year 2009 (114,224) 2009 (533,789) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 a total of 46,555 companies were dissolved in London. This figure is 10.0% higher than last year, which compares badly to the UK wide change of 7.7%.
The highest total for a second half year in London occurred in 2009 when a total of 46,880 were closed.
Half Year (Jul-Dec) London UK 2014 46,555 190,730 2013 42,316 177,021 % change 10.0% 7.7% Record Year 2009 (46,880) 2009 (244,544) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
A total of 21,811 companies were dissolved in London during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is a decrease of 1.0% versus the same period last year (Q4 2013). This figure compares poorly to the UK as a whole, which saw a decrease of 2.0% against the same period last year.
fourth quarter (Oct 2014 - Dec 2014) London UK 2014 21,811 89,060 2013 22,030 90,851 % change -1.0% -2.0% Record Year 2013 (22,030) 2013 (90,851) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
December 2014 saw a new record in company closures in London when compared to any previous December.
Dissolved Companies by Month
October November December Closed companies in 2014 6,110 7,263 8,438 Closed companies in 2013 8,546 6,348 7,136 % change -28.5% 14.4% 18% Record Year 2013 (8,546) 2011 (7,377) 2014 (8,438)
Net Company Growth
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Annual Data (2014)
2014 was a record year for net growth in London when compared to any year in history.
A total of 56,027 companies were added to the company register for London in 2014. This number represents growth of 38.3% in the total number of active companies, which compares favourably to the UK figure of 36.8%.
This number is 2,411 companies higher than the previous year.
The highest net company growth figure ever seen in one year came in 2014 when the London company register grew by 56,027 companies.
Year London UK 2014 56,027 214,114 2013 53,616 197,150 2012 55,358 198,164 2011 39,585 138,346 2010 21,881 58,125 Record Year 2014 (56,027) 2007 (237,353) Net Growth by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 the company register for London increased by 23,673 companies.
Half Year (Jul-Dec) London UK 2014 23,673 90,590 2013 24,038 82,910 Record Year 2012 (27,412) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
Net company growth for London during the fourth quarter of 2014 (Oct 2014 - Dec 2014) was 12,957 companies.
fourth quarter (Oct 2014 - Dec 2014) London UK 2014 12,957 48,846 2013 11,010 36,396 Record Year 2012 (14,693) 2012 (49,848) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
October 2014 saw a new record in net growth in London when compared to any previous October.
Net Growth by Month
October November December Net growth in 2014 6,728 4,032 2,197 Net growth in 2013 4,088 4,877 2,045 Record Year 2014 (6,728) 2012 (6,288) 2012 (4,627)
UK Company Share
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Annual Data (2014)
In 2014 London formed 25.1% of all UK companies. This is a decline on 2013 when London was responsible for 25.4% of all UK companies.
Year London 2014 25.1% 2013 25.4% 2012 25.3% 2011 24.7% 2010 23.9% Record Year (since 1960) 1998 (26.9%) Company Share by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 London formed 25.0% of all UK companies. This is less than the 2013 figure of 25.5%.
Half Year (Jul-Dec) London 2014 25.0% 2013 25.5% 2012 25.7% 2011 25.1% 2010 24.6% Record Year (since 1960) 1998 (27.1%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
In the fourth quarter of 2014, London formed 25.2% of all UK companies.
fourth quarter (Oct 2014 - Dec 2014) London 2014 25.2% 2013 26.0% 2012 26.0% 2011 25.8% 2010 25.5% Record Year (since 1960) 1998 (27.2%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Company Share by Month
October November December UK formation share in 2014 24.6% 24.9% 26.3% UK formation share in 2013 25.5% 26.0% 26.6% % change -3.3% -4.5% -0.9% Record Year 1909 (32.1%) 1929 (29.0%) 2010 (27.3%)
Director Age
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Annual Data (2014)
The average age of a director in 2014 was 42.3.
The percentage of directors under the age of 25 was 3.6% compared to the UK figure of 4.0%.
The percentage of directors over the age of 65 was 3.8% compared to the UK figure of 4.0%.
Director Age by Year
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Half Year Data (Jul-Dec 2014)
The average age of a director in the second half of 2014 was 41.9.
The percentage of directors under the age of 25 was 3.0% 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 Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
The average age of a director in the fourth quarter of 2014 was 42.1.
The percentage of directors under the age of 25 was 3.2% compared to the UK figure of 3.8%.
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
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Annual Data (2014)
The record year for female directors in London was 1931 when 100.0% of all directors were female.
The percentage of female directors in London in 2014 was 24.1%. The average for the UK during this time was 26.1%
Director Gender by Year
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Half Year Data (Jul-Dec 2014)
The record second half year for female directors in London was 2014 when 24.4% of all directors were female.
24.4% of all director appointments in London in the second half of 2014 were female. This compares to a UK average of 26.1% for the same period.
Director Gender by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
The record fourth quarter for female directors in London was in 2010 when 23.7% of all directors were female.
23.3% of all director appointments in London in the fourth quarter of 2014 were female. This compares to a UK average of 25.8% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Dec 2013-Dec 2014)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage CONSULTING 3.60% CONSULTING 5.22% LONDON 3.12% MANAGEMENT 4.58% MANAGEMENT 2.68% CONSULTANCY 3.57% CO., 2.55% PROPERTY 2.66% TRADING 2.01% CONSTRUCTION 2.12% SOLAR 1.77% ENGINEERING 2.10% CONSULTANCY 1.72% CARE 2.02% CAPITAL 1.70% TRADING 1.94% GLOBAL 1.66% LONDON 1.93% FARM 1.66% TRANSPORT 1.93% PROPERTY 1.47% DESIGN 1.66% INTERNATIONAL 1.43% CONSULTANTS 1.64% INVESTMENTS 1.36% ELECTRICAL 1.62% MEDIA 1.15% PROPERTIES 1.62% CONSTRUCTION 1.14% BUSINESS 1.56% BUSINESS 1.08% J 1.54% PROPERTIES 1.00% CO., 1.50% DESIGN 1.00% GLOBAL 1.49% GROUP 0.94% INVESTMENTS 1.48% CARE 0.94% ASSOCIATES 1.47% PRODUCTIONS 0.92% DEVELOPMENTS 1.35% CONSULTANTS 0.91% MEDIA 1.33% INVESTMENT 0.91% IT 1.31% PARTNERS 0.89% BUILDING 1.29% ASSOCIATES 0.85% M 1.22%
SIC Data
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Previous 36 months, excluding companies less than 12 months old
sic code number of companies uk companies None Supplied 78,831 265,608 82990 - Other business support service activities not elsewhere classified 23,170 58,068 99999 - Dormant Company 14,755 48,509 70229 - Management consultancy activities other than financial management 9,933 42,290 96090 - Other service activities not elsewhere classified 8,852 29,009 62020 - Information technology consultancy activities 7,117 30,178 74909 - Other professional, scientific and technical activities not elsewhere classified 3,972 19,049 74990 - Non-trading company 3,574 13,984 62090 - Other information technology service activities 3,472 12,837 86900 - Other human health activities 2,912 12,976 62012 - Business and domestic software development 2,856 9,752 68209 - Other letting and operating of own or leased real estate 2,524 11,212 41100 - Development of building projects 2,345 11,397 68100 - Buying and selling of own real estate 2,321 7,106 47910 - Retail sale via mail order houses or via Internet 2,309 10,107 69201 - Accounting and auditing activities 2,062 7,528 56101 - Licensed restaurants 2,036 8,782 64999 - Financial intermediation not elsewhere classified 1,994 6,083 68320 - Management of real estate on a fee or contract basis 1,709 6,010 90030 - Artistic creation 1,669 4,610
Recent Companies
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Randomly selected companies from this quarter
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