Luton, Bedfordshire

2010 Annual Business Confidence Report

Headlines

  • Q4 2010 saw a new record in company registrations in Luton when compared to any previous Q4.
  • November 2010 saw a new record in company registrations in Luton when compared to any previous November.
  • October 2010 saw a new record in company closures in Luton when compared to any previous October.

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. Annual Data (2010)

    A total of 1,294 companies were formed in Luton in 2010. This total is 12.3% higher than in 2009 and compares equally to the UK figure of a 10.4% growth compared to 362,675 the previous year.

    YearLutonUK
    20101,294400,358
    20091,152362,675
    20081,129349,203
    20071,221457,649
    2006983405,440
    Record Year1998 (1,344)2007 (457,649)
    New Companies by Year
  2. Half Year Data (Jul-Dec 2010)

    In the second half of 2010 a total of 628 companies were formed in Luton. This figure is 7.7% higher than last year, which compares badly to the UK wide figure of 8.8%.

    The highest total for a second half year in Luton occurred in 1998 when a total of 643 were formed.

    Half Year (Jul-Dec)LutonUK
    2010628196,609
    2009583180,654
    % change7.7%8.8%
    Record Year1998 (643)2003 (201,446)
    New Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    Q4 2010 saw a new record in company registrations in Luton when compared to any previous Q4.

    A total of 319 companies were registered in Luton during the fourth quarter of 2010 (Oct 2010 - Dec 2010).

    This figure is an increase of 19.9% versus the same period last year (Q4 2009). This figure compares well to the UK as a whole, which saw an increase of 10.6% against the same period last year.

    fourth quarter (Oct 2010 - Dec 2010)LutonUK
    201031995,117
    200926685,983
    % change19.9%10.6%
    Record Year 2010 (319) 2010 (95,117)
    New Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    November 2010 saw a new record in company registrations in Luton when compared to any previous November.

    New Companies by Month
    OctoberNovemberDecember
    New companies in 201010912189
    New companies in 20098610080
    % change26.7%21.0%11.3%
    Record Year1997 (117)2010 (121)2004 (123)

Closed Companies (dissolved)

  1. Annual Data (2010)

    A total of 946 companies were dissolved in Luton in 2010. This total is 32.9% lower than in 2009 and compares favourably to the UK figure of 35.9% decrease compared to the previous year.

    YearLutonUK
    2010946342,232
    20091,409533,773
    2008563237,901
    2007678220,295
    2006830200,166
    Record Year2009 (1,409)2009 (533,773)
    Dissolved Companies by Year
  2. Half Year Data (Jul-Dec 2010)

    In the second half of 2010 a total of 510 companies were dissolved in Luton. This figure is 16.8% lower than last year, which compares badly to the UK wide change of -32.7%.

    The highest total for a second half year in Luton occurred in 1999 when a total of 627 were closed.

    Half Year (Jul-Dec)LutonUK
    2010510164,601
    2009613244,537
    % change-16.8%-32.7%
    Record Year1999 (627)2009 (244,537)
    Dissolved Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    A total of 259 companies were dissolved in Luton during the fourth quarter of 2010 (Oct 2010 - Dec 2010).

    This figure is a decrease of 4.4% versus the same period last year (Q4 2009). This figure compares poorly to the UK as a whole, which saw a decrease of 9.7% against the same period last year.

    fourth quarter (Oct 2010 - Dec 2010)LutonUK
    201025976,896
    200927185,136
    % change-4.4%-9.7%
    Record Year 2009 (271) 2009 (85,136)
    Dissolved Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    October 2010 saw a new record in company closures in Luton when compared to any previous October.

    Dissolved Companies by Month
    OctoberNovemberDecember
    Closed companies in 20109710755
    Closed companies in 2009928594
    % change5.4%25.9%-41%
    Record Year2010 (97)1999 (153)2009 (94)

Net Company Growth

  1. Annual Data (2010)

    A total of 348 companies were added to the company register for Luton in 2010. This number represents growth of 30.2% in the total number of active companies, which compares favourably to the UK figure of 16.0%.

    This number is 605 companies higher than the previous year.

    The highest net company growth figure ever seen in one year came in 1998 when the Luton company register grew by 1,045 companies.

    YearLutonUK
    201034858,126
    2009-257-171,098
    2008566111,302
    2007543237,354
    2006153205,274
    Record Year1998 (1,045)2003 (242,543)
    Net Growth by Year
  2. Half Year Data (Jul-Dec 2010)

    In the second half of 2010 the company register for Luton increased by 118 companies.

    Half Year (Jul-Dec)LutonUK
    201011832,008
    2009-30-63,883
    Record Year1998 (501)2003 (117,772)
    Net Growth by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    Net company growth for Luton during the fourth quarter of 2010 (Oct 2010 - Dec 2010) was 60 companies.

    fourth quarter (Oct 2010 - Dec 2010)LutonUK
    20106018,221
    2009-5847
    Record Year 1998 (231) 2003 (57,175)
    Net Growth by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    Net Growth by Month
    OctoberNovemberDecember
    Net growth in 2010121434
    Net growth in 2009-615-14
    Record Year1997 (100)1998 (73)1998 (69)

UK Company Share

  1. Annual Data (2010)

    In 2010 Luton formed 0.3% of all UK companies. This is no change on 2009 when Luton was responsible for 0.3% of all UK companies.

    YearLuton
    20100.3%
    20090.3%
    20080.3%
    20070.3%
    20060.2%
    Record Year (since 1960)1998 (0.6%)
    Company Share by Year
  2. Half Year Data (Jul-Dec 2010)

    In the second half of 2010 Luton formed 0.3% of all UK companies. This is the same as the 2009 figure of 0.3%.

    Half Year (Jul-Dec)Luton
    20100.3%
    20090.3%
    20080.3%
    20070.3%
    20060.3%
    Record Year (since 1960) 1998 (0.6%)
    Company Share by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    In the fourth quarter of 2010, Luton formed 0.3% of all UK companies.

    fourth quarter (Oct 2010 - Dec 2010)Luton
    20100.3%
    20090.3%
    20080.3%
    20070.3%
    20060.3%
    Record Year (since 1960) 1997 (0.6%)
    Company Share by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    Company Share by Month
    OctoberNovemberDecember
    UK formation share in 20100.3%0.4%0.3%
    UK formation share in 20090.3%0.3%0.3%
    % change11.0%8.2%5.9%
    Record Year1997 (0.7%)1966 (0.7%)1998 (0.7%)

Director Age

  1. Annual Data (2010)

    The average age of a director in 2010 was 40.8.

    The percentage of directors under the age of 25 was 4.2% compared to the UK figure of 2.5%.

    The percentage of directors over the age of 65 was 2.4% compared to the UK figure of 4.5%.

    Director Age by Year
  2. Half Year Data (Jul-Dec 2010)

    The average age of a director in the second half of 2010 was 39.9.

    The percentage of directors under the age of 25 was 4.6% compared to the UK figure of 2.8%.

    The percentage of directors over the age of 65 was 2.0% compared to the UK figure of 4.4%.

    Director Age by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    The average age of a director in the fourth quarter of 2010 was 40.0.

    The percentage of directors under the age of 25 was 3.5% compared to the UK figure of 3.0%.

    The percentage of directors over the age of 65 was 2.2% compared to the UK figure of 4.4%.

    Director Age by Quarter

Director Gender

  1. Annual Data (2010)

    The record year for female directors in Luton was 1857 when 36.4% of all directors were female.

    The percentage of female directors in Luton in 2010 was 24.3%. The average for the UK during this time was 26.2%

    Director Gender by Year
  2. Half Year Data (Jul-Dec 2010)

    The record second half year for female directors in Luton was 1860 when 42.9% of all directors were female.

    21.5% of all director appointments in Luton in the second half of 2010 were female. This compares to a UK average of 25.0% for the same period.

    Director Gender by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    The record fourth quarter for female directors in Luton was in 1977 when 31.1% of all directors were female.

    20.7% of all director appointments in Luton in the fourth quarter of 2010 were female. This compares to a UK average of 24.7% for the same period.

    Director Gender by Quarter

Naming Trends

  1. Previous 12 months (Dec 2009-Dec 2010)

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

    wordpercentageuk worduk percentage
    MANAGEMENT1.55%CONSULTING5.06%
    CONSULTANCY1.28%MANAGEMENT5.01%
    LUTON1.28%CONSULTANCY3.14%
    CONSULTING1.23%PROPERTY2.36%
    ASSOCIATES1.07%TRADING2.11%
    CONSTRUCTION0.96%ASSOCIATES1.95%
    GLOBAL0.80%DESIGN1.92%
    C0.75%BUSINESS1.82%
    CONSULTANTS0.75%CONSTRUCTION1.82%
    SECURITY0.75%CONSULTANTS1.76%
    CENTRE0.69%MEDIA1.71%
    EDUCATION0.69%ENGINEERING1.62%
    CAR0.69%LONDON1.60%
    (LUTON)0.69%CARE1.45%
    IT0.69%INVESTMENTS1.44%
    ENTERPRISES0.64%GLOBAL1.43%
    J0.59%J1.42%
    M0.59%IT1.41%
    S0.59%PROPERTIES1.34%
    ELECTRICAL0.53%INTERNATIONAL1.34%
    TRANSPORT0.53%BUILDING1.34%
    CARS0.53%M1.30%
    H0.53%ELECTRICAL1.25%
    CLAIMS0.53%SYSTEMS1.24%
    TRAINING0.48%S1.23%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied792199,572
    7487 - Other business activities14263,348
    9999 - Dormant Company5720,144
    82990 - Other business support service activities not elsewhere classified5527,550
    5530 - Restaurants384,939
    99999 - Dormant Company3616,285
    7414 - Business & management consultancy3613,474
    70229 - Management consultancy activities other than financial management3314,505
    7499 - Non-trading company3312,000
    7260 - Other computer related activities328,089
    74990 - Non-trading company268,243
    96090 - Other service activities not elsewhere classified268,799
    56101 - Licensed restaurants242,446
    9305 - Other service activities248,858
    62020 - Information technology consultancy activities249,177
    7222 - Other software consultancy and supply217,298
    62090 - Other information technology service activities216,330
    4521 - General construction & civil engineering206,598
    6024 - Freight transport by road192,401
    5552 - Catering152,157

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    07423555 BOW STREET HOTEL LIMITED 29 Oct 2010
    07419263 TOP HAT BAKERY LIMITED 26 Oct 2010
    07413648 WOFC MINISTRIES 20 Oct 2010
    07402847 CRYPTIC TRADE LTD 11 Oct 2010
    07402828 CRYPTIC TRAVEL LTD 11 Oct 2010
    07402084 JRK LEGAL LIMITED 11 Oct 2010
    07401685 NAILS EVOLUTION LTD 08 Oct 2010
    07399352 123 ELECTRICAL SERVICES LTD 07 Oct 2010
    07424483 SOLVENT LTD 29 Oct 2010
    07424279 ACE BUILDERS (FLAMSTEAD) LIMITED 29 Oct 2010
    07409573 KNIGHTS DEVELOPMENTS LIMITED 15 Oct 2010
    07404138 911 944 LIMITED 12 Oct 2010
    07403973 LONDON PROFESSIONAL CLEANING COMPANY LTD 12 Oct 2010
    07423978 CYRUS-CLARK COMMUNITY 29 Oct 2010
    07416101 AB PRINTING LTD 22 Oct 2010
    07412065 KISSED LASHES LIMITED 19 Oct 2010
    07411797 ADAM BAKSH LTD 19 Oct 2010
    07405303 MICRO SD CARDS UK LIMITED 12 Oct 2010
    07400411 EUROPEAN BEDROOMS LTD 07 Oct 2010
    07394631 PAV STYLE LIMITED 01 Oct 2010
    07422696 LUTON MINICABS LTD 28 Oct 2010
    07422164 INTECH CONSULTING LTD 28 Oct 2010
    07422020 ANTHONY BROOKS CONSULTANTCY LTD 28 Oct 2010
    07418337 SMK CARS (UK) LTD 25 Oct 2010
    07402328 MIRCHI RESTAURANT LIMITED 11 Oct 2010