Newry, County Down

2010 Annual Business Confidence Report

Headlines

  • 2010 was a record year for company closures in Newry when compared to any year in history.
  • The second half of 2010 saw a new record in company closures in Newry when compared to any previous second half year.
  • The second half of 2010 was a record second half year for company closures in Newry when compared to any half year in history.
  • Q4 2010 saw a new record in company closures in Newry when compared to any previous Q4.
  • Q4 2010 was a record quarter for company closures in Newry when compared to any quarter in history.
  • December 2010 saw a new record in company closures in Newry when compared to any previous December.
  • November 2010 saw a new record in company closures in Newry when compared to any previous November.
  • October 2010 saw a new record in company closures in Newry when compared to any previous October.
  • October 2010 was a record month for company closures in Newry when compared to any month in history.
  • October 2010 saw a new record in net growth in Newry 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 290 companies were formed in Newry in 2010. This total is 2.4% lower than in 2009 and compares poorly to the UK figure of a 10.4% growth compared to 362,675 the previous year.

    YearNewryUK
    2010290400,358
    2009297362,675
    2008243349,203
    2007292457,649
    2006306405,440
    Record Year2003 (335)2007 (457,649)
    New Companies by Year
  2. Half Year Data (Jul-Dec 2010)

    In the second half of 2010 a total of 138 companies were formed in Newry. This figure is 20.7% lower than last year, which compares badly to the UK wide figure of 8.8%.

    The highest total for a second half year in Newry occurred in 2009 when a total of 174 were formed.

    Half Year (Jul-Dec)NewryUK
    2010138196,609
    2009174180,654
    % change-20.7%8.8%
    Record Year2009 (174)2003 (201,446)
    New Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    A total of 59 companies were registered in Newry during the fourth quarter of 2010 (Oct 2010 - Dec 2010).

    This figure is a decrease of 36.6% versus the same period last year (Q4 2009). This figure compares badly 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)NewryUK
    20105995,117
    20099385,983
    % change-36.6%10.6%
    Record Year 2009 (93) 2010 (95,117)
    New Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    New Companies by Month
    OctoberNovemberDecember
    New companies in 2010162617
    New companies in 2009333624
    % change-51.5%-27.8%-29.2%
    Record Year2003 (36)2009 (36)2008 (39)

Closed Companies (dissolved)

  1. Annual Data (2010)

    2010 was a record year for company closures in Newry when compared to any year in history.

    A total of 455 companies were dissolved in Newry in 2010. This total is 11,275.0% higher than in 2009 and compares favourably to the UK figure of 35.9% decrease compared to the previous year.

    YearNewryUK
    2010455342,232
    20094533,773
    20081237,901
    20071200,166
    20061189,329
    Record Year2010 (455)2009 (533,773)
    Dissolved Companies by Year
  2. Half Year Data (Jul-Dec 2010)

    The second half of 2010 saw a new record in company closures in Newry when compared to any previous second half year.

    The second half of 2010 was a record second half year for company closures in Newry when compared to any half year in history.

    In the second half of 2010 a total of 327 companies were dissolved in Newry. This figure is 10,800.0% higher than last year, which compares badly to the UK wide change of -32.7%.

    The highest total for a second half year in Newry occurred in 2010 when a total of 327 were closed.

    Half Year (Jul-Dec)NewryUK
    2010327164,601
    20093244,537
    % change10,800.0%-32.7%
    Record Year2010 (327)2009 (244,537)
    Dissolved Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    Q4 2010 saw a new record in company closures in Newry when compared to any previous Q4.

    Q4 2010 was a record quarter for company closures in Newry when compared to any quarter in history.

    A total of 194 companies were dissolved in Newry during the fourth quarter of 2010 (Oct 2010 - Dec 2010).

    This figure is an increase of 9,600.0% 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)NewryUK
    201019476,896
    2009285,136
    % change9,600.0%-9.7%
    Record Year 2010 (194) 2009 (85,136)
    Dissolved Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    December 2010 saw a new record in company closures in Newry when compared to any previous December.

    November 2010 saw a new record in company closures in Newry when compared to any previous November.

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

    October 2010 was a record month for company closures in Newry when compared to any month in history.

    Dissolved Companies by Month
    OctoberNovemberDecember
    Closed companies in 20101381937
    Closed companies in 20101381937
    % change0.0%0.0%0%
    Record Year2010 (138)2010 (19)2010 (37)

Net Company Growth

  1. Annual Data (2010)

    A total of -165 companies were removed to the company register for Newry in 2010. This number represents decline of 55.6% in the total number of active companies, which compares unfavourably to the UK figure of 16.0%.

    This number is 458 companies lower than the previous year.

    The highest net company growth figure ever seen in one year came in 2003 when the Newry company register grew by 334 companies.

    YearNewryUK
    2010-16558,126
    2009293-171,098
    2008242111,302
    2007305205,274
    2006294178,360
    Record Year2003 (334)2003 (242,543)
    Net Growth by Year
  2. Half Year Data (Jul-Dec 2010)

    In the second half of 2010 the company register for Newry decreased by 189 companies.

    Half Year (Jul-Dec)NewryUK
    2010-18932,008
    2009171-63,883
    Record Year2009 (171)2003 (117,772)
    Net Growth by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    Net company growth for Newry during the fourth quarter of 2010 (Oct 2010 - Dec 2010) was -135 companies.

    fourth quarter (Oct 2010 - Dec 2010)NewryUK
    2010-13518,221
    200991847
    Record Year 2009 (91) 2003 (57,175)
    Net Growth by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    October 2010 saw a new record in net growth in Newry when compared to any previous October.

    Net Growth by Month
    OctoberNovemberDecember
    Net growth in 2010-1227-20
    Net growth in 2010-1221938
    Record Year2010 (-122)1999 (19)2008 (38)

UK Company Share

  1. Annual Data (2010)

    In 2010 Newry formed 0.1% of all UK companies. This is no change on 2009 when Newry was responsible for 0.1% of all UK companies.

    YearNewry
    20100.1%
    20090.1%
    20080.1%
    20070.1%
    20060.1%
    Record Year (since 1960)1986 (0.1%)
    Company Share by Year
  2. Half Year Data (Jul-Dec 2010)

    In the second half of 2010 Newry formed 0.1% of all UK companies. This is the same as the 2009 figure of 0.1%.

    Half Year (Jul-Dec)Newry
    20100.1%
    20090.1%
    20080.1%
    20070.1%
    20060.1%
    Record Year (since 1960) 1975 (0.2%)
    Company Share by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    In the fourth quarter of 2010, Newry formed 0.1% of all UK companies.

    fourth quarter (Oct 2010 - Dec 2010)Newry
    20100.1%
    20090.1%
    20080.1%
    20070.1%
    20060.1%
    Record Year (since 1960) 1975 (0.3%)
    Company Share by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    Company Share by Month
    OctoberNovemberDecember
    UK formation share in 20100.0%0.1%0.1%
    UK formation share in 20090.1%0.1%0.1%
    % change-57.5%-35.4%-32.6%
    Record Year1975 (0.5%)1968 (0.5%)1992 (0.2%)

Director Age

  1. Annual Data (2010)

    The average age of a director in 2010 was 44.8.

    The percentage of directors under the age of 25 was 3.2% compared to the UK figure of 2.5%.

    The percentage of directors over the age of 65 was 7.3% 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 44.9.

    The percentage of directors under the age of 25 was 3.3% compared to the UK figure of 2.8%.

    The percentage of directors over the age of 65 was 7.0% 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 44.6.

    The percentage of directors under the age of 25 was 3.4% compared to the UK figure of 3.0%.

    The percentage of directors over the age of 65 was 4.5% 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 Newry was 1857 when 36.4% of all directors were female.

    The percentage of female directors in Newry in 2010 was 29.5%. 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 Newry was 1860 when 42.9% of all directors were female.

    29.0% of all director appointments in Newry 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 Newry was in 1977 when 31.1% of all directors were female.

    24.5% of all director appointments in Newry 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
    (NI)2.18%CONSULTING5.06%
    MANAGEMENT2.00%MANAGEMENT5.01%
    DEVELOPMENTS1.09%CONSULTANCY3.14%
    CONTRACTS1.09%PROPERTY2.36%
    IRELAND0.91%TRADING2.11%
    ENGINEERING0.91%ASSOCIATES1.95%
    SONS0.91%DESIGN1.92%
    ENTERPRISES0.73%BUSINESS1.82%
    TRADING0.73%CONSTRUCTION1.82%
    PROPERTY0.73%CONSULTANTS1.76%
    CONSTRUCTION0.73%MEDIA1.71%
    MOURNE0.73%ENGINEERING1.62%
    NEWRY0.73%LONDON1.60%
    ENVIRONMENTAL0.54%CARE1.45%
    CLINIC0.54%INVESTMENTS1.44%
    ASSOCIATION0.54%GLOBAL1.43%
    HOUSE0.54%J1.42%
    (N.I.)0.54%IT1.41%
    SALES0.54%PROPERTIES1.34%
    GLOBAL0.54%INTERNATIONAL1.34%
    (N.0.54%BUILDING1.34%
    CARE0.54%M1.30%
    CENTRE0.54%ELECTRICAL1.25%
    MEDIA0.54%SYSTEMS1.24%
    IRELAND)0.54%S1.23%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied149199,572
    7487 - Other business activities3063,348
    99999 - Dormant Company2516,285
    9999 - Dormant Company1920,144
    98000 - Residents property management103,235
    82990 - Other business support service activities not elsewhere classified927,550
    41201 - Construction of commercial buildings81,462
    49410 - Freight transport by road82,008
    9800 - Residents Property Management71,563
    41202 - Construction of domestic buildings62,127
    7499 - Non-trading company612,000
    96090 - Other service activities not elsewhere classified58,799
    9305 - Other service activities58,858
    6024 - Freight transport by road52,401
    86900 - Other human health activities53,700
    68209 - Other letting and operating of own or leased real estate53,755
    62012 - Business and domestic software development52,858
    4521 - General construction & civil engineering46,598
    4542 - Joinery installation4956
    43320 - Joinery installation41,135

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    NI605349 CRS SAFETY LIMITED 02 Dec 2010
    NI605354 7 BILLION MEDIA LTD 02 Dec 2010
    NI605549 CHIPMASTER AUTO S.M.A.R.T. UK LIMITED 17 Dec 2010
    NI605594 NUCON LIMITED 23 Dec 2010
    NI605595 DBM CONTRACTS LIMITED 23 Dec 2010
    NI605608 BMCN LANGUAGE SERVICES LTD 23 Dec 2010
    NI605622 DEALGAN PROPERTIES LTD 29 Dec 2010
    NI605333 CROSSMAGLEN REGENERATION CIC 01 Dec 2010
    NI605364 MOOS MILKSHAKES LIMITED 02 Dec 2010
    NI605470 MCVEIGH PROPERTY SALES LIMITED 09 Dec 2010
    NI605493 QUALITY BARGAIN TRADING LTD 13 Dec 2010
    NI605555 CREGGAN FARM SUPPLIES LIMITED 17 Dec 2010
    NI605566 EMERALD GIFTS LIMITED 20 Dec 2010
    NI605596 FORT CONTRACTS LIMITED 23 Dec 2010
    NI605618 LOUTH ENVIRONMENTAL GROUP LTD 29 Dec 2010
    NI605624 SPACE2TRADE LIMITED 29 Dec 2010
    NI605625 MOSA TRUSTEES LIMITED 29 Dec 2010

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