Manchester, Greater Manchester
2010 Annual Business Confidence Report
Headlines
- 2010 was a record year for company registrations in Manchester when compared to any year in history.
- The second half of 2010 saw a new record in company registrations in Manchester when compared to any previous second half year.
- Q4 2010 saw a new record in company registrations in Manchester when compared to any previous Q4.
- December 2010 saw a new record in company registrations in Manchester when compared to any previous December.
- November 2010 saw a new record in company registrations in Manchester when compared to any previous November.
- November 2010 saw a new record in company closures in Manchester when compared to any previous November.
- October 2010 saw a new record in company closures in Manchester when compared to any previous October.
Contents
New Company Registrations
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Annual Data (2010)
2010 was a record year for company registrations in Manchester when compared to any year in history.
A total of 7,978 companies were formed in Manchester in 2010. This total is 13.6% higher than in 2009 and compares equally to the UK figure of a 10.4% growth compared to 362,675 the previous year.
Year Manchester UK 2010 7,978 400,358 2009 7,023 362,675 2008 6,481 349,203 2007 7,291 457,649 2006 6,876 405,440 Record Year 2010 (7,978) 2007 (457,649) New Companies by Year
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Half Year Data (Jul-Dec 2010)
The second half of 2010 saw a new record in company registrations in Manchester when compared to any previous second half year.
In the second half of 2010 a total of 4,024 companies were formed in Manchester. This figure is 16.5% higher than last year, which compares well to the UK wide figure of 8.8%.
The highest total for a second half year in Manchester occurred in 2010 when a total of 4,024 were formed.
Half Year (Jul-Dec) Manchester UK 2010 4,024 196,609 2009 3,454 180,654 % change 16.5% 8.8% Record Year 2010 (4,024) 2003 (201,446) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
Q4 2010 saw a new record in company registrations in Manchester when compared to any previous Q4.
A total of 1,916 companies were registered in Manchester during the fourth quarter of 2010 (Oct 2010 - Dec 2010).
This figure is an increase of 14.5% versus the same period last year (Q4 2009). This figure compares equally 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) Manchester UK 2010 1,916 95,117 2009 1,673 85,983 % change 14.5% 10.6% Record Year 2010 (1,916) 2010 (95,117) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
December 2010 saw a new record in company registrations in Manchester when compared to any previous December.
November 2010 saw a new record in company registrations in Manchester when compared to any previous November.
New Companies by Month
October November December New companies in 2010 673 659 584 New companies in 2009 586 612 475 % change 14.8% 7.7% 22.9% Record Year 2003 (731) 2010 (659) 2010 (584)
Closed Companies (dissolved)
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Annual Data (2010)
A total of 6,557 companies were dissolved in Manchester in 2010. This total is 26.0% lower than in 2009 and compares favourably to the UK figure of 35.9% decrease compared to the previous year.
Year Manchester UK 2010 6,557 342,232 2009 8,862 533,773 2008 3,842 237,901 2007 4,078 220,295 2006 3,567 200,166 Record Year 2009 (8,862) 2009 (533,773) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 a total of 3,151 companies were dissolved in Manchester. This figure is 15.7% lower than last year, which compares badly to the UK wide change of -32.7%.
The highest total for a second half year in Manchester occurred in 2009 when a total of 3,739 were closed.
Half Year (Jul-Dec) Manchester UK 2010 3,151 164,601 2009 3,739 244,537 % change -15.7% -32.7% Record Year 2009 (3,739) 2009 (244,537) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
A total of 1,531 companies were dissolved in Manchester during the fourth quarter of 2010 (Oct 2010 - Dec 2010).
This figure is a decrease of 3.2% 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) Manchester UK 2010 1,531 76,896 2009 1,581 85,136 % change -3.2% -9.7% Record Year 2009 (1,581) 2009 (85,136) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
November 2010 saw a new record in company closures in Manchester when compared to any previous November.
October 2010 saw a new record in company closures in Manchester when compared to any previous October.
Dissolved Companies by Month
October November December Closed companies in 2010 552 639 340 Closed companies in 2009 519 522 540 % change 6.4% 22.4% -37% Record Year 2010 (552) 2010 (639) 2009 (540)
Net Company Growth
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Annual Data (2010)
A total of 1,421 companies were added to the company register for Manchester in 2010. This number represents growth of 20.2% in the total number of active companies, which compares favourably to the UK figure of 16.0%.
This number is 3,260 companies higher than the previous year.
The highest net company growth figure ever seen in one year came in 2003 when the Manchester company register grew by 3,364 companies.
Year Manchester UK 2010 1,421 58,126 2009 -1,839 -171,098 2008 2,639 111,302 2007 3,213 237,354 2006 3,309 205,274 Record Year 2003 (3,364) 2003 (242,543) Net Growth by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 the company register for Manchester increased by 873 companies.
Half Year (Jul-Dec) Manchester UK 2010 873 32,008 2009 -285 -63,883 Record Year 2003 (1,925) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
Net company growth for Manchester during the fourth quarter of 2010 (Oct 2010 - Dec 2010) was 385 companies.
fourth quarter (Oct 2010 - Dec 2010) Manchester UK 2010 385 18,221 2009 92 847 Record Year 2003 (1,041) 2003 (57,175) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
Net Growth by Month
October November December Net growth in 2010 121 20 244 Net growth in 2009 67 90 -65 Record Year 2003 (531) 2004 (328) 2007 (259)
UK Company Share
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Annual Data (2010)
In 2010 Manchester formed 2.0% of all UK companies. This is an improvement on 2009 when Manchester was responsible for 1.9% of all UK companies.
Year Manchester 2010 2.0% 2009 1.9% 2008 1.9% 2007 1.6% 2006 1.7% Record Year (since 1960) 1983 (2.7%) Company Share by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 Manchester formed 2.0% of all UK companies. This is more than the 2009 figure of 1.9%.
Half Year (Jul-Dec) Manchester 2010 2.0% 2009 1.9% 2008 1.9% 2007 1.8% 2006 1.7% Record Year (since 1960) 1978 (3.0%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
In the fourth quarter of 2010, Manchester formed 2.0% of all UK companies.
fourth quarter (Oct 2010 - Dec 2010) Manchester 2010 2.0% 2009 1.9% 2008 1.8% 2007 1.8% 2006 1.7% Record Year (since 1960) 1970 (2.9%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
Company Share by Month
October November December UK formation share in 2010 2.0% 1.9% 2.2% UK formation share in 2009 2.0% 2.0% 1.8% % change 0.6% -3.7% 17.0% Record Year 1970 (3.5%) 1974 (3.5%) 1969 (3.6%)
Director Age
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Annual Data (2010)
The average age of a director in 2010 was 42.1.
The percentage of directors under the age of 25 was 3.3% compared to the UK figure of 2.5%.
The percentage of directors over the age of 65 was 3.3% compared to the UK figure of 4.5%.
Director Age by Year
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Half Year Data (Jul-Dec 2010)
The average age of a director in the second half of 2010 was 42.0.
The percentage of directors under the age of 25 was 3.6% compared to the UK figure of 2.8%.
The percentage of directors over the age of 65 was 3.2% compared to the UK figure of 4.4%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
The average age of a director in the fourth quarter of 2010 was 42.4.
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 3.6% compared to the UK figure of 4.4%.
Director Age by Quarter
Director Gender
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Annual Data (2010)
The record year for female directors in Manchester was 1857 when 36.4% of all directors were female.
The percentage of female directors in Manchester in 2010 was 24.5%. The average for the UK during this time was 26.2%
Director Gender by Year
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Half Year Data (Jul-Dec 2010)
The record second half year for female directors in Manchester was 1860 when 42.9% of all directors were female.
21.6% of all director appointments in Manchester 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
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Quarterly Data (Q4 Oct-Dec 2010)
The record fourth quarter for female directors in Manchester was in 1977 when 31.1% of all directors were female.
21.6% of all director appointments in Manchester 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
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Previous 12 months (Dec 2009-Dec 2010)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage MANAGEMENT 1.97% CONSULTING 5.06% MANCHESTER 1.77% MANAGEMENT 5.01% CONSULTANCY 1.37% CONSULTANCY 3.14% TRADING 1.35% PROPERTY 2.36% CONSULTING 1.33% TRADING 2.11% PROPERTY 0.92% ASSOCIATES 1.95% BUSINESS 0.91% DESIGN 1.92% MEDIA 0.89% BUSINESS 1.82% PROPERTIES 0.81% CONSTRUCTION 1.82% DESIGN 0.78% CONSULTANTS 1.76% MEDICAL 0.77% MEDIA 1.71% (MANCHESTER) 0.74% ENGINEERING 1.62% CONSTRUCTION 0.74% LONDON 1.60% ENGINEERING 0.70% CARE 1.45% SECURITY 0.67% INVESTMENTS 1.44% M 0.65% GLOBAL 1.43% ASSOCIATES 0.64% J 1.42% BUILDING 0.63% IT 1.41% IT 0.63% PROPERTIES 1.34% GLOBAL 0.63% INTERNATIONAL 1.34% CENTRE 0.59% BUILDING 1.34% GROUP 0.59% M 1.30% S 0.58% ELECTRICAL 1.25% ENTERPRISES 0.58% SYSTEMS 1.24% CO 0.57% S 1.23%
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 4,573 199,572 7487 - Other business activities 1,033 63,348 82990 - Other business support service activities not elsewhere classified 440 27,550 9999 - Dormant Company 343 20,144 99999 - Dormant Company 333 16,285 96090 - Other service activities not elsewhere classified 219 8,799 9305 - Other service activities 191 8,858 7499 - Non-trading company 166 12,000 70229 - Management consultancy activities other than financial management 166 14,505 5530 - Restaurants 158 4,939 7414 - Business & management consultancy 157 13,474 7260 - Other computer related activities 143 8,089 4521 - General construction & civil engineering 112 6,598 86210 - General medical practice activities 110 1,450 68209 - Other letting and operating of own or leased real estate 106 3,755 62020 - Information technology consultancy activities 103 9,177 74909 - Other professional, scientific and technical activities not elsewhere classified 102 7,088 74990 - Non-trading company 100 8,243 62090 - Other information technology service activities 96 6,330 7222 - Other software consultancy and supply 87 7,298
Recent Companies
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Randomly selected companies from this quarter
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