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London, Greater London

Q1 2015 Business Confidence Report

Headlines

  • Q1 2015 saw a new record in company registrations in London when compared to any previous Q1.
  • Q1 2015 was a record quarter for company registrations in London when compared to any quarter in history.
  • March 2015 saw a new record in company registrations in London when compared to any previous March.
  • March 2015 was a record month for company registrations in London when compared to any month in history.
  • February 2015 saw a new record in company registrations in London when compared to any previous February.
  • February 2015 saw a new record in company closures in London when compared to any previous February.
  • January 2015 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 2015)

    Q1 2015 saw a new record in company registrations in London when compared to any previous Q1.

    Q1 2015 was a record quarter for company registrations in London when compared to any quarter in history.

    A total of 39,242 companies were registered in London during the first quarter of 2015 (Jan 2015 - Mar 2015).

    This figure is an increase of 3.3% versus the same period last year (Q1 2014). This figure compares badly to the UK as a whole, which saw an increase of 6.9% against the same period last year.

    first quarter (Jan 2015 - Mar 2015)LondonUK
    201539,242161,156
    201437,971150,722
    % change3.3%6.9%
    Record Year 2015 (39,242) 2007 (166,814)
    New Companies by Quarter

  2. Monthly Data (Jan, Feb & Mar 2015)

    March 2015 saw a new record in company registrations in London when compared to any previous March.

    March 2015 was a record month for company registrations in London when compared to any month in history.

    February 2015 saw a new record in company registrations in London when compared to any previous February.

    New Companies by Month
    JanuaryFebruaryMarch
    New companies in 201511,63012,94814,664
    New companies in 201411,88612,84413,241
    % change-2.2%0.8%10.7%
    Record Year2014 (11,886)2015 (12,948)2015 (14,664)

Closed Companies (dissolved)

  1. Quarterly Data (Q1 Jan-Mar 2015)

    A total of 21,891 companies were dissolved in London during the first quarter of 2015 (Jan 2015 - Mar 2015).

    This figure is an increase of 6.7% versus the same period last year (Q1 2014). This figure compares well to the UK as a whole, which saw an increase of 8.7% against the same period last year.

    first quarter (Jan 2015 - Mar 2015)LondonUK
    201521,89189,523
    201420,51982,370
    % change6.7%8.7%
    Record Year 2009 (25,768) 2009 (108,066)
    Dissolved Companies by Quarter

  2. Monthly Data (Jan, Feb & Mar 2015)

    February 2015 saw a new record in company closures in London when compared to any previous February.

    Dissolved Companies by Month
    JanuaryFebruaryMarch
    Closed companies in 20155,7517,8008,340
    Closed companies in 20146,6616,9976,861
    % change-13.7%11.5%22%
    Record Year2013 (8,481)2015 (7,800)2009 (18,023)

Net Company Growth

  1. Quarterly Data (Q1 Jan-Mar 2015)

    Net company growth for London during the first quarter of 2015 (Jan 2015 - Mar 2015) was 17,351 companies.

    first quarter (Jan 2015 - Mar 2015)LondonUK
    201517,35171,633
    201417,45268,352
    Record Year 2014 (17,452) 2007 (111,282)
    Net Growth by Quarter

  2. Monthly Data (Jan, Feb & Mar 2015)

    January 2015 saw a new record in net growth in London when compared to any previous January.

    Net Growth by Month
    JanuaryFebruaryMarch
    Net growth in 20155,8795,1486,324
    Net growth in 20145,2255,8476,380
    Record Year2015 (5,879)2013 (6,180)2007 (9,043)

UK Company Share

  1. Quarterly Data (Q1 Jan-Mar 2015)

    In the first quarter of 2015, London formed 24.4% of all UK companies.

    first quarter (Jan 2015 - Mar 2015)London
    201524.4%
    201425.2%
    201325.2%
    201224.5%
    201124.1%
    Record Year (since 1960) 1999 (27.7%)
    Company Share by Quarter

  2. Monthly Data (Jan, Feb & Mar 2015)

    Company Share by Month
    JanuaryFebruaryMarch
    UK formation share in 201524.3%24.8%24.1%
    UK formation share in 201425.3%26.7%23.8%
    % change-4.0%-7.1%0.9%
    Record Year1989 (28.1%)1902 (42.9%)1999 (28.6%)

Director Age

  1. Quarterly Data (Q1 Jan-Mar 2015)

    The average age of a director in the first quarter of 2015 was 42.6.

    The percentage of directors under the age of 25 was 3.8% compared to the UK figure of 4.1%.

    The percentage of directors over the age of 65 was 3.3% compared to the UK figure of 3.6%.

    Director Age by Quarter

Director Gender

  1. Quarterly Data (Q1 Jan-Mar 2015)

    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 2015 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 2014-Mar 2015)

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

    wordpercentageuk worduk percentage
    CONSULTING3.64%CONSULTING5.23%
    LONDON3.05%MANAGEMENT4.56%
    CO.,2.66%CONSULTANCY3.62%
    MANAGEMENT2.59%PROPERTY2.72%
    TRADING1.97%CONSTRUCTION2.19%
    SOLAR1.76%CARE2.13%
    CONSULTANCY1.69%ENGINEERING2.12%
    CAPITAL1.69%LONDON1.91%
    FARM1.65%TRADING1.88%
    INTERNATIONAL1.64%TRANSPORT1.82%
    GLOBAL1.63%ELECTRICAL1.76%
    PROPERTY1.46%DESIGN1.65%
    INVESTMENTS1.38%PROPERTIES1.63%
    GROUP1.23%CO.,1.58%
    CONSTRUCTION1.15%J1.55%
    MEDIA1.12%CONSULTANTS1.54%
    BUSINESS1.02%BUSINESS1.49%
    DESIGN1.00%INVESTMENTS1.49%
    CARE0.99%GLOBAL1.46%
    PROPERTIES0.98%ASSOCIATES1.44%
    PRODUCTIONS0.93%DEVELOPMENTS1.36%
    INVESTMENT0.92%BUILDING1.31%
    PARTNERS0.84%IT1.30%
    INVEST0.84%MEDIA1.28%
    CONSULTANTS0.83%M1.27%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied84,892288,953
    82990 - Other business support service activities not elsewhere classified23,58158,522
    99999 - Dormant Company15,61249,474
    70229 - Management consultancy activities other than financial management10,11843,081
    96090 - Other service activities not elsewhere classified8,87729,218
    62020 - Information technology consultancy activities7,35030,825
    74909 - Other professional, scientific and technical activities not elsewhere classified4,02019,098
    74990 - Non-trading company3,60813,794
    62090 - Other information technology service activities3,44812,862
    86900 - Other human health activities3,14613,990
    62012 - Business and domestic software development2,8369,651
    68209 - Other letting and operating of own or leased real estate2,63011,600
    68100 - Buying and selling of own real estate2,4727,450
    41100 - Development of building projects2,43111,863
    47910 - Retail sale via mail order houses or via Internet2,34910,200
    69201 - Accounting and auditing activities2,0767,682
    56101 - Licensed restaurants2,0528,909
    64999 - Financial intermediation not elsewhere classified1,9786,067
    68320 - Management of real estate on a fee or contract basis1,7156,154
    90030 - Artistic creation1,6814,677

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    09464249 R M LONDON LIMITED 02 Mar 2015
    09465069 YARROW FIELDS LTD. 02 Mar 2015
    09465093 ASPIRE EDUCATION SERVICES LTD 02 Mar 2015
    09466538 DUM DUM FRANCHISING LIMITED 03 Mar 2015
    09466718 WALI & WAZI TRADE LINK LTD 03 Mar 2015
    09467329 GREEN EARTH LTD 03 Mar 2015
    09467991 MONSOON EXPRESS LTD 03 Mar 2015
    09468222 TOWER DECORATING & MAINTENANCE LTD 03 Mar 2015
    09470344 WAYS FORWARD LIMITED 04 Mar 2015
    09473512 LONDON SECURITY 24/7 LIMITED 05 Mar 2015
    09474479 LADY GONG MEDIA GROUP LTD 06 Mar 2015
    09474665 MOTOR WORKS LONDON LTD 06 Mar 2015
    09477220 MKP WEB LTD 09 Mar 2015
    09480020 OAK CARE SERVICES LTD 10 Mar 2015
    09480318 CARRMENIO CO. LTD 10 Mar 2015
    09480423 BIGVIEW MARKETING LTD. 10 Mar 2015
    09482828 AALOCUMSUK LTD 11 Mar 2015
    09483409 LONDONNUT LTD 11 Mar 2015
    09483460 STELLAR CORPORATION LIMITED 11 Mar 2015
    09483569 FAIRLIGHT CYCLES LIMITED 11 Mar 2015
    09483821 VOLUME EXECUTIVE SOLUTIONS LIMITED 11 Mar 2015
    09485237 STARLIGHT LEISURE LTD 12 Mar 2015
    09485562 ATS (GLOBE) LIMITED 12 Mar 2015
    09486711 LUTOPOL EUROPE LTD 12 Mar 2015
    09486854 SEASONS REMOVALS LIMITED 12 Mar 2015

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