Newry, County Down

2014 Half Year Business Confidence Report

Headlines

  • The first half of 2014 saw a new record in company registrations in Newry when compared to any previous first half year.
  • The first half of 2014 was a record first half year for company registrations in Newry when compared to any half year in history.
  • April 2014 saw a new record in company registrations in Newry when compared to any previous April.
  • June 2014 saw a new record in company closures in Newry when compared to any previous June.
  • April 2014 saw a new record in company closures in Newry when compared to any previous April.
  • April 2014 saw a new record in net growth in Newry when compared to any previous April.

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. Half Year Data (Jan-Jun 2014)

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

    The first half of 2014 was a record first half year for company registrations in Newry when compared to any half year in history.

    In the first half of 2014 a total of 269 companies were formed in Newry. This figure is 19.0% higher than last year, which compares well to the UK wide figure of 11.6%.

    The highest total for a first half year in Newry occurred in 2014 when a total of 269 were formed.

    Half Year (Jan-Jun)NewryUK
    2014269300,731
    2013226269,432
    % change19.0%11.6%
    Record Year2014 (269)2014 (300,731)
    New Companies by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    A total of 123 companies were registered in Newry during the second quarter of 2014 (Apr 2014 - Jun 2014).

    This figure is an increase of 7.0% versus the same period last year (Q2 2013). This figure compares equally to the UK as a whole, which saw an increase of 11.4% against the same period last year.

    second quarter (Apr 2014 - Jun 2014)NewryUK
    2014123150,009
    2013115134,630
    % change7.0%11.4%
    Record Year 2012 (124) 2014 (150,009)
    New Companies by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    April 2014 saw a new record in company registrations in Newry when compared to any previous April.

    New Companies by Month
    AprilMayJune
    New companies in 2014543336
    New companies in 2013463237
    % change17.4%3.1%-2.7%
    Record Year2014 (54)2012 (45)2010 (43)

Closed Companies (dissolved)

  1. Half Year Data (Jan-Jun 2014)

    In the first half of 2014 a total of 127 companies were dissolved in Newry. This figure is 19.8% higher than last year, which compares badly to the UK wide change of 14.2%.

    The highest total for a first half year in Newry occurred in 2010 when a total of 128 were closed.

    Half Year (Jan-Jun)NewryUK
    2014127177,207
    2013106155,192
    % change19.8%14.2%
    Record Year2010 (128)2009 (289,245)
    Dissolved Companies by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    A total of 63 companies were dissolved in Newry during the second quarter of 2014 (Apr 2014 - Jun 2014).

    This figure is an increase of 23.5% versus the same period last year (Q2 2013). This figure compares poorly to the UK as a whole, which saw an increase of 22.7% against the same period last year.

    second quarter (Apr 2014 - Jun 2014)NewryUK
    20146394,837
    20135177,278
    % change23.5%22.7%
    Record Year 2010 (123) 2009 (181,179)
    Dissolved Companies by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    June 2014 saw a new record in company closures in Newry when compared to any previous June.

    April 2014 saw a new record in company closures in Newry when compared to any previous April.

    Dissolved Companies by Month
    AprilMayJune
    Closed companies in 2014162522
    Closed companies in 2013122217
    % change33.3%13.6%29%
    Record Year2012 (16)2010 (90)2014 (22)

Net Company Growth

  1. Half Year Data (Jan-Jun 2014)

    In the first half of 2014 the company register for Newry increased by 142 companies.

    Half Year (Jan-Jun)NewryUK
    2014142123,524
    2013120114,240
    Record Year2007 (185)2007 (171,296)
    Net Growth by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    Net company growth for Newry during the second quarter of 2014 (Apr 2014 - Jun 2014) was 60 companies.

    second quarter (Apr 2014 - Jun 2014)NewryUK
    20146055,172
    20136457,352
    Record Year 2007 (84) 2007 (60,014)
    Net Growth by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    April 2014 saw a new record in net growth in Newry when compared to any previous April.

    Net Growth by Month
    AprilMayJune
    Net growth in 201438814
    Net growth in 2013341020
    Record Year2014 (38)2007 (33)2003 (33)

UK Company Share

  1. Half Year Data (Jan-Jun 2014)

    In the first half of 2014 Newry formed 0.1% of all UK companies. This is the same as the 2013 figure of 0.1%.

    Half Year (Jan-Jun)Newry
    20140.1%
    20130.1%
    20120.1%
    20110.1%
    20100.1%
    Record Year (since 1960) 1986 (0.1%)
    Company Share by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    In the second quarter of 2014, Newry formed 0.1% of all UK companies.

    second quarter (Apr 2014 - Jun 2014)Newry
    20140.1%
    20130.1%
    20120.1%
    20110.1%
    20100.1%
    Record Year (since 1960) 1986 (0.2%)
    Company Share by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    Company Share by Month
    AprilMayJune
    UK formation share in 20140.1%0.1%0.1%
    UK formation share in 20130.1%0.1%0.1%
    % change5.8%-4.9%-15.7%
    Record Year1926 (1.2%)1956 (0.3%)1989 (0.2%)

Director Age

  1. Half Year Data (Jan-Jun 2014)

    The average age of a director in the first half of 2014 was 42.1.

    The percentage of directors under the age of 25 was 4.0% compared to the UK figure of 4.3%.

    The percentage of directors over the age of 65 was 2.7% compared to the UK figure of 3.5%.

    Director Age by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    The average age of a director in the second quarter of 2014 was 41.5.

    The percentage of directors under the age of 25 was 3.9% compared to the UK figure of 3.9%.

    The percentage of directors over the age of 65 was 2.4% compared to the UK figure of 3.6%.

    Director Age by Quarter

Director Gender

  1. Half Year Data (Jan-Jun 2014)

    The record first half year for female directors in Newry was 2008 when 34.6% of all directors were female.

    24.4% of all director appointments in Newry in the first half of 2014 were female. This compares to a UK average of 26.1% for the same period.

    Director Gender by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    The record second quarter for female directors in Newry was in 2008 when 35.3% of all directors were female.

    28.3% of all director appointments in Newry in the second quarter of 2014 were female. This compares to a UK average of 25.9% for the same period.

    Director Gender by Quarter

Naming Trends

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

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

    wordpercentageuk worduk percentage
    (NI)3.81%CONSULTING5.16%
    CONSTRUCTION1.43%MANAGEMENT4.64%
    TRANSPORT1.31%CONSULTANCY3.50%
    MANAGEMENT1.31%PROPERTY2.66%
    CONTRACTS1.19%TRADING2.03%
    TRADING1.19%ENGINEERING1.99%
    FUELS0.95%CONSTRUCTION1.93%
    SALES0.95%LONDON1.93%
    PROPERTIES0.83%CARE1.85%
    NEWRY0.83%DESIGN1.75%
    ENTERPRISES0.72%CONSULTANTS1.73%
    ROAD0.72%BUSINESS1.69%
    INVESTMENTS0.72%PROPERTIES1.63%
    J0.60%TRANSPORT1.58%
    C0.60%GLOBAL1.55%
    PROPERTY0.60%INVESTMENTS1.55%
    CONSULTING0.60%J1.51%
    CONSULTANCY0.60%ASSOCIATES1.48%
    NI0.60%MEDIA1.44%
    (N.I.)0.60%ELECTRICAL1.40%
    HIRE0.60%IT1.33%
    FINANCIAL0.60%DEVELOPMENTS1.33%
    MC0.48%BUILDING1.26%
    SOLICITORS0.48%M1.24%
    PLANT0.48%CO.,1.20%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied181261,557
    99999 - Dormant Company3848,436
    49410 - Freight transport by road289,265
    96090 - Other service activities not elsewhere classified2128,352
    41202 - Construction of domestic buildings207,053
    41100 - Development of building projects1610,527
    03110 - Marine fishing16327
    70229 - Management consultancy activities other than financial management1540,250
    47990 - Other retail sale not in stores, stalls or markets146,286
    68209 - Other letting and operating of own or leased real estate1310,133
    62020 - Information technology consultancy activities1329,029
    96020 - Hairdressing and other beauty treatment126,631
    62090 - Other information technology service activities1113,024
    74909 - Other professional, scientific and technical activities not elsewhere classified1019,058
    32990 - Other manufacturing not elsewhere classified103,534
    41201 - Construction of commercial buildings102,219
    47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating93,928
    56302 - Public houses and bars96,099
    43210 - Electrical installation96,050
    68100 - Buying and selling of own real estate96,413

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    NI623794 TRADING ON THE LINE LIMITED 01 Apr 2014
    NI623871 G&H CHAMBERS & SONS LTD 04 Apr 2014
    NI623878 BANN ENTERPRISE LTD 04 Apr 2014
    NI623886 REJUVENATE (NI) LTD 04 Apr 2014
    NI624048 MACC CONSULTANCY LTD 10 Apr 2014
    NI624052 JNS HEEL BAR LTD 11 Apr 2014
    NI624073 GRANITE LEGAL SERVICES LIMITED 11 Apr 2014
    NI624103 OLM INT LIMITED 14 Apr 2014
    NI624119 ZEN DAY SPA LIMITED 15 Apr 2014
    NI624157 PM MOTOR WORKS LTD 16 Apr 2014
    NI624178 FITZSIMONS MALLON CAMPBELL LIMITED 17 Apr 2014
    NI624203 EAST COAST TRANSPORT LTD 22 Apr 2014
    NI624209 FOYLE ENTERPRISE LTD 22 Apr 2014
    NI624254 ST MARY'S WIND PIONEER LIMITED 24 Apr 2014
    NI624264 S SHIELDS LTD 24 Apr 2014
    NI624287 MORCRETE LTD 25 Apr 2014
    NI623906 FRYS TRADING LIMITED 04 Apr 2014
    NI623922 MAY RENTALS LTD 07 Apr 2014
    NI623929 TRUCK HIRE EUROPEAN LTD 07 Apr 2014
    NI623986 VADIO LIMITED 08 Apr 2014
    NI624135 GREENFIELD FUELS LIMITED 16 Apr 2014
    NI624142 CLADDAGH BUILDING LTD 16 Apr 2014
    NI624155 ER HILLCREST LIMITED 16 Apr 2014
    NI624281 AIRPUSH LIMITED 25 Apr 2014
    NI624285 CHARA CONSULTING LIMITED 25 Apr 2014

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