Luton, Bedfordshire

2014 Annual Business Confidence Report

Headlines

  • 2014 was a record year for company registrations in Luton when compared to any year in history.
  • The second half of 2014 saw a new record in company registrations in Luton when compared to any previous second half year.
  • Q4 2014 saw a new record in company registrations in Luton when compared to any previous Q4.
  • December 2014 saw a new record in company registrations in Luton when compared to any previous December.
  • November 2014 saw a new record in company registrations in Luton when compared to any previous November.
  • October 2014 saw a new record in company registrations in Luton when compared to any previous October.
  • 2014 was a record year for company closures in Luton when compared to any year in history.
  • The second half of 2014 saw a new record in company closures in Luton when compared to any previous second half year.
  • December 2014 saw a new record in company closures in Luton when compared to any previous December.
  • November 2014 saw a new record in net growth in Luton when compared to any previous November.
  • October 2014 saw a new record in net growth 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 (2014)

    2014 was a record year for company registrations in Luton when compared to any year in history.

    A total of 2,467 companies were formed in Luton in 2014. This total is 13.8% higher than in 2013 and compares equally to the UK figure of a 10.0% growth compared to 529,363 the previous year.

    YearLutonUK
    20142,467582,051
    20132,167529,363
    20121,840491,893
    20111,536452,870
    20101,294400,358
    Record Year2014 (2,467)2014 (582,051)
    New Companies by Year
  2. Half Year Data (Jul-Dec 2014)

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

    In the second half of 2014 a total of 1,184 companies were formed in Luton. This figure is 7.8% higher than last year, which compares badly to the UK wide figure of 8.2%.

    The highest total for a second half year in Luton occurred in 2014 when a total of 1,184 were formed.

    Half Year (Jul-Dec)LutonUK
    20141,184281,320
    20131,098259,931
    % change7.8%8.2%
    Record Year2014 (1,184)2014 (281,320)
    New Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    Q4 2014 saw a new record in company registrations in Luton when compared to any previous Q4.

    A total of 607 companies were registered in Luton during the fourth quarter of 2014 (Oct 2014 - Dec 2014).

    This figure is an increase of 12.2% 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)LutonUK
    2014607137,906
    2013541127,247
    % change12.2%8.4%
    Record Year 2014 (607) 2014 (137,906)
    New Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    December 2014 saw a new record in company registrations in Luton when compared to any previous December.

    November 2014 saw a new record in company registrations in Luton when compared to any previous November.

    October 2014 saw a new record in company registrations in Luton when compared to any previous October.

    New Companies by Month
    OctoberNovemberDecember
    New companies in 2014224218165
    New companies in 2013218202121
    % change2.8%7.9%36.4%
    Record Year2014 (224)2014 (218)2014 (165)

Closed Companies (dissolved)

  1. Annual Data (2014)

    2014 was a record year for company closures in Luton when compared to any year in history.

    A total of 1,462 companies were dissolved in Luton in 2014. This total is 18.8% higher than in 2013 and compares favourably to the UK figure of 10.8% growth compared to the previous year.

    YearLutonUK
    20141,462367,937
    20131,231332,213
    2012947293,729
    2011958314,524
    2010945342,233
    Record Year2014 (1,462)2009 (533,789)
    Dissolved Companies by Year
  2. Half Year Data (Jul-Dec 2014)

    The second half of 2014 saw a new record in company closures in Luton when compared to any previous second half year.

    In the second half of 2014 a total of 738 companies were dissolved in Luton. This figure is 18.6% higher than last year, which compares badly to the UK wide change of 7.7%.

    The highest total for a second half year in Luton occurred in 2014 when a total of 738 were closed.

    Half Year (Jul-Dec)LutonUK
    2014738190,730
    2013622177,021
    % change18.6%7.7%
    Record Year2014 (738)2009 (244,544)
    Dissolved Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    A total of 343 companies were dissolved in Luton during the fourth quarter of 2014 (Oct 2014 - Dec 2014).

    This figure is an increase of 9.2% 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)LutonUK
    201434389,060
    201331490,851
    % change9.2%-2.0%
    Record Year 2014 (343) 2013 (90,851)
    Dissolved Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    December 2014 saw a new record in company closures in Luton when compared to any previous December.

    Dissolved Companies by Month
    OctoberNovemberDecember
    Closed companies in 201498110135
    Closed companies in 20139594125
    % change3.2%17.0%8%
    Record Year2012 (112)1999 (153)2014 (135)

Net Company Growth

  1. Annual Data (2014)

    A total of 1,005 companies were added to the company register for Luton in 2014. This number represents growth of 40.7% in the total number of active companies, which compares favourably to the UK figure of 36.8%.

    This number is 69 companies higher than the previous year.

    The highest net company growth figure ever seen in one year came in 2014 when the Luton company register grew by 1,005 companies.

    YearLutonUK
    20141,005214,114
    2013936197,150
    2012893198,164
    2011578138,346
    201034958,125
    Record Year2014 (1,005)2007 (237,353)
    Net Growth by Year
  2. Half Year Data (Jul-Dec 2014)

    In the second half of 2014 the company register for Luton increased by 446 companies.

    Half Year (Jul-Dec)LutonUK
    201444690,590
    201347682,910
    Record Year1998 (501)2003 (117,772)
    Net Growth by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    Net company growth for Luton during the fourth quarter of 2014 (Oct 2014 - Dec 2014) was 264 companies.

    fourth quarter (Oct 2014 - Dec 2014)LutonUK
    201426448,846
    201322736,396
    Record Year 2014 (264) 2012 (49,848)
    Net Growth by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    November 2014 saw a new record in net growth in Luton when compared to any previous November.

    October 2014 saw a new record in net growth in Luton when compared to any previous October.

    Net Growth by Month
    OctoberNovemberDecember
    Net growth in 201412610830
    Net growth in 2013123108-4
    Record Year2014 (126)2013 (108)1998 (69)

UK Company Share

  1. Annual Data (2014)

    In 2014 Luton formed 0.4% of all UK companies. This is no change on 2013 when Luton was responsible for 0.4% of all UK companies.

    YearLuton
    20140.4%
    20130.4%
    20120.4%
    20110.3%
    20100.3%
    Record Year (since 1960)1998 (0.6%)
    Company Share by Year
  2. Half Year Data (Jul-Dec 2014)

    In the second half of 2014 Luton formed 0.4% of all UK companies. This is the same as the 2013 figure of 0.4%.

    Half Year (Jul-Dec)Luton
    20140.4%
    20130.4%
    20120.4%
    20110.4%
    20100.3%
    Record Year (since 1960) 1998 (0.6%)
    Company Share by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    In the fourth quarter of 2014, Luton formed 0.4% of all UK companies.

    fourth quarter (Oct 2014 - Dec 2014)Luton
    20140.4%
    20130.4%
    20120.4%
    20110.4%
    20100.3%
    Record Year (since 1960) 1997 (0.6%)
    Company Share by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    Company Share by Month
    OctoberNovemberDecember
    UK formation share in 20140.4%0.5%0.4%
    UK formation share in 20130.4%0.5%0.4%
    % change-2.3%2.5%16.7%
    Record Year1997 (0.7%)1998 (0.6%)1998 (0.7%)

Director Age

  1. Annual Data (2014)

    The average age of a director in 2014 was 40.4.

    The percentage of directors under the age of 25 was 2.1% compared to the UK figure of 4.0%.

    The percentage of directors over the age of 65 was 4.9% compared to the UK figure of 4.0%.

    Director Age by Year
  2. Half Year Data (Jul-Dec 2014)

    The average age of a director in the second half of 2014 was 39.9.

    The percentage of directors under the age of 25 was 2.2% compared to the UK figure of 3.7%.

    The percentage of directors over the age of 65 was 4.8% compared to the UK figure of 4.5%.

    Director Age by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    The average age of a director in the fourth quarter of 2014 was 39.6.

    The percentage of directors under the age of 25 was 2.5% compared to the UK figure of 3.8%.

    The percentage of directors over the age of 65 was 5.3% compared to the UK figure of 4.5%.

    Director Age by Quarter

Director Gender

  1. Annual Data (2014)

    The record year for female directors in Luton was 1989 when 50.0% of all directors were female.

    The percentage of female directors in Luton in 2014 was 24.8%. The average for the UK during this time was 26.1%

    Director Gender by Year
  2. Half Year Data (Jul-Dec 2014)

    The record second half year for female directors in Luton was 2008 when 28.7% of all directors were female.

    24.7% of all director appointments in Luton 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
  3. Quarterly Data (Q4 Oct-Dec 2014)

    The record fourth quarter for female directors in Luton was in 2011 when 25.1% of all directors were female.

    24.4% of all director appointments in Luton 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

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

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

    wordpercentageuk worduk percentage
    CARE1.60%CONSULTING5.22%
    CONSULTANCY1.39%MANAGEMENT4.58%
    MANAGEMENT1.21%CONSULTANCY3.57%
    LUTON1.15%PROPERTY2.66%
    CONSTRUCTION1.12%CONSTRUCTION2.12%
    CONSULTING1.06%ENGINEERING2.10%
    BUSINESS0.99%CARE2.02%
    TRANSPORT0.84%TRADING1.94%
    INVESTMENTS0.72%LONDON1.93%
    ENGINEERING0.72%TRANSPORT1.93%
    CONSULTANTS0.72%DESIGN1.66%
    GLOBAL0.72%CONSULTANTS1.64%
    HOTELS0.69%ELECTRICAL1.62%
    IT0.69%PROPERTIES1.62%
    SECURITY0.69%BUSINESS1.56%
    ABILITY0.69%J1.54%
    HEALTH0.63%CO.,1.50%
    PROPERTY0.60%GLOBAL1.49%
    HEALTHCARE0.57%INVESTMENTS1.48%
    M0.54%ASSOCIATES1.47%
    ELECTRICAL0.54%DEVELOPMENTS1.35%
    HOLDINGS0.51%MEDIA1.33%
    ASSOCIATES0.48%IT1.31%
    CARS0.48%BUILDING1.29%
    LOGISTICS0.48%M1.22%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied1,339265,608
    62020 - Information technology consultancy activities13930,178
    99999 - Dormant Company13448,509
    70229 - Management consultancy activities other than financial management12542,290
    96090 - Other service activities not elsewhere classified12429,009
    82990 - Other business support service activities not elsewhere classified9458,068
    56101 - Licensed restaurants788,782
    68209 - Other letting and operating of own or leased real estate7611,212
    86900 - Other human health activities7212,976
    56103 - Take-away food shops and mobile food stands628,318
    49410 - Freight transport by road6110,842
    62090 - Other information technology service activities6012,837
    74909 - Other professional, scientific and technical activities not elsewhere classified5019,049
    86101 - Hospital activities484,366
    88990 - Other social work activities without accommodation not elsewhere classified444,756
    85590 - Other education not elsewhere classified436,206
    47910 - Retail sale via mail order houses or via Internet3910,107
    45112 - Sale of used cars and light motor vehicles373,562
    69201 - Accounting and auditing activities357,528
    41100 - Development of building projects3311,397

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    09337359 UNGAGGED LTD 02 Dec 2014
    09345222 RAFIKIZ LIMITED 08 Dec 2014
    09348906 JMASH LIMITED 10 Dec 2014
    09352812 KANSU TRADING LIMITED 12 Dec 2014
    09354128 KOCH FILMS LIMITED 15 Dec 2014
    09354311 BIBITEL MOBILE FINANCE LTD 15 Dec 2014
    09359747 PGR DECORATORS LIMITED 18 Dec 2014
    09360366 INJECTION DIAGNOSTICS LIMITED 18 Dec 2014
    09367240 N2 GLOBAL PVT LIMITED 24 Dec 2014
    09367985 PEARL MEDICAL AESTHETICS LTD 29 Dec 2014
    09368685 MANDATE SERVICES LIMITED 29 Dec 2014
    09333524 ABILITY HOTELS (IV) GROUP LIMITED 01 Dec 2014
    09333622 ABILITY HOTELS (IV) FINANCE LIMITED 01 Dec 2014
    09334412 ABILITY HOTELS (IV) UK LIMITED 01 Dec 2014
    09338675 AYS IT LTD 03 Dec 2014
    09356748 IN THE ZONE LIMITED 16 Dec 2014
    09357938 ROST INTERNATIONAL TRADING LIMITED 17 Dec 2014
    09359837 M DANI LIMITED 18 Dec 2014
    09362761 BEUKES INTEGRATION & CONTROL LTD 19 Dec 2014
    09366034 BLUE MOON CONSTRUCTION LIMITED 23 Dec 2014
    09335091 RA UK LIMTED LTD 01 Dec 2014
    09336291 SUTTON VEHICLE HIRE LTD 02 Dec 2014
    09337846 MJP CAR SERVICES (UK) LTD 02 Dec 2014
    09340573 FIRST RESPONSE SECURITY GUARDS LTD 04 Dec 2014
    09341569 CRASIS COUTURE LTD 04 Dec 2014