Midlothian
Q1 2015 Business Confidence Report
Headlines
- February 2015 saw a new record in company closures in Midlothian when compared to any previous February.
- January 2015 saw a new record in company closures in Midlothian when compared to any previous January.
Contents
New Company Registrations
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Quarterly Data (Q1 Jan-Mar 2015)
A total of 1,237 companies were registered in Midlothian during the first quarter of 2015 (Jan 2015 - Mar 2015).
This figure is a decrease of 30.9% 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) Midlothian UK 2015 1,237 161,156 2014 1,791 150,722 % change -30.9% 6.9% Record Year 2014 (1,791) 2007 (166,814) New Companies by Quarter
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Monthly Data (Jan, Feb & Mar 2015)
New Companies by Month
January February March New companies in 2015 375 404 458 New companies in 2014 506 609 676 % change -25.9% -33.7% -32.2% Record Year 2014 (506) 2014 (609) 2014 (676)
Closed Companies (dissolved)
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Quarterly Data (Q1 Jan-Mar 2015)
A total of 874 companies were dissolved in Midlothian during the first quarter of 2015 (Jan 2015 - Mar 2015).
This figure is an increase of 16.7% versus the same period last year (Q1 2014). This figure compares poorly 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) Midlothian UK 2015 874 89,523 2014 749 82,370 % change 16.7% 8.7% Record Year 2015 (874) 2009 (108,066) Dissolved Companies by Quarter
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Monthly Data (Jan, Feb & Mar 2015)
February 2015 saw a new record in company closures in Midlothian when compared to any previous February.
January 2015 saw a new record in company closures in Midlothian when compared to any previous January.
Dissolved Companies by Month
January February March Closed companies in 2015 384 273 217 Closed companies in 2014 267 232 250 % change 43.8% 17.7% -13% Record Year 2015 (384) 2015 (273) 2013 (297)
Net Company Growth
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Quarterly Data (Q1 Jan-Mar 2015)
Net company growth for Midlothian during the first quarter of 2015 (Jan 2015 - Mar 2015) was 363 companies.
first quarter (Jan 2015 - Mar 2015) Midlothian UK 2015 363 71,633 2014 1,042 68,352 Record Year 2014 (1,042) 2007 (111,282) Net Growth by Quarter
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Monthly Data (Jan, Feb & Mar 2015)
Net Growth by Month
January February March Net growth in 2015 -9 131 241 Net growth in 2014 239 377 426 Record Year 2013 (242) 2014 (377) 2014 (426)
UK Company Share
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Quarterly Data (Q1 Jan-Mar 2015)
In the first quarter of 2015, Midlothian formed 0.8% of all UK companies.
first quarter (Jan 2015 - Mar 2015) Midlothian 2015 0.8% 2014 1.2% 2013 1.2% 2012 1.2% 2011 1.0% Record Year (since 1960) 1993 (1.4%) Company Share by Quarter
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Monthly Data (Jan, Feb & Mar 2015)
Company Share by Month
January February March UK formation share in 2015 0.8% 0.8% 0.8% UK formation share in 2014 1.1% 1.3% 1.2% % change -27.3% -38.9% -38.2% Record Year 2001 (1.3%) 1993 (1.7%) 1993 (1.5%)
Director Age
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Quarterly Data (Q1 Jan-Mar 2015)
The average age of a director in the first quarter of 2015 was 45.0.
The percentage of directors under the age of 25 was 4.0% compared to the UK figure of 4.1%.
The percentage of directors over the age of 65 was 2.8% compared to the UK figure of 3.6%.
Director Age by Quarter
Director Gender
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Quarterly Data (Q1 Jan-Mar 2015)
The record first quarter for female directors in Midlothian was in 2013 when 26.8% of all directors were female.
26.3% of all director appointments in Midlothian 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
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Previous 12 months (Mar 2014-Mar 2015)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage EDINBURGH 2.65% CONSULTING 5.23% CONSULTING 2.51% MANAGEMENT 4.56% LP 1.86% CONSULTANCY 3.62% PROPERTY 1.44% PROPERTY 2.72% MANAGEMENT 1.41% CONSTRUCTION 2.19% CONSULTANCY 1.39% CARE 2.13% SCOTLAND 1.28% ENGINEERING 2.12% (SCOTLAND) 1.28% LONDON 1.91% GP 1.18% TRADING 1.88% CAPITAL 0.86% TRANSPORT 1.82% INVESTMENTS 0.86% ELECTRICAL 1.76% TRADING 0.84% DESIGN 1.65% BUSINESS 0.69% PROPERTIES 1.63% ASSOCIATES 0.65% CO., 1.58% ENERGY 0.63% J 1.55% (EDINBURGH) 0.62% CONSULTANTS 1.54% IT 0.60% BUSINESS 1.49% DEVELOPMENT 0.56% INVESTMENTS 1.49% ELECTRICAL 0.56% GLOBAL 1.46% L.P. 0.51% ASSOCIATES 1.44% HOLDINGS 0.49% DEVELOPMENTS 1.36% CONSULTANTS 0.49% BUILDING 1.31% PROJECT 0.47% IT 1.30% DEVELOPMENTS 0.46% MEDIA 1.28% DESIGN 0.44% M 1.27%
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 6,089 288,953 82990 - Other business support service activities not elsewhere classified 471 58,522 70229 - Management consultancy activities other than financial management 415 43,081 62020 - Information technology consultancy activities 400 30,825 74909 - Other professional, scientific and technical activities not elsewhere classified 316 19,098 99999 - Dormant Company 292 49,474 96090 - Other service activities not elsewhere classified 195 29,218 56103 - Take-away food shops and mobile food stands 167 8,607 56101 - Licensed restaurants 159 8,909 68209 - Other letting and operating of own or leased real estate 157 11,600 74990 - Non-trading company 143 13,794 62012 - Business and domestic software development 128 9,651 62090 - Other information technology service activities 111 12,862 41100 - Development of building projects 105 11,863 70100 - Activities of head offices 79 4,223 56302 - Public houses and bars 76 6,355 69201 - Accounting and auditing activities 76 7,682 68100 - Buying and selling of own real estate 76 7,450 43999 - Other specialised construction activities not elsewhere classified 74 9,080 86900 - Other human health activities 71 13,990
Recent Companies
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Randomly selected companies from this quarter
reports
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