Newry, County Down
2014 Annual Business Confidence Report
Headlines
- 2014 was a record year for company registrations in Newry when compared to any year in history.
- The second half of 2014 saw a new record in company registrations in Newry when compared to any previous second half year.
- Q4 2014 saw a new record in company registrations in Newry when compared to any previous Q4.
- November 2014 saw a new record in company registrations in Newry when compared to any previous November.
- October 2014 saw a new record in company registrations in Newry when compared to any previous October.
Contents
New Company Registrations
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Annual Data (2014)
2014 was a record year for company registrations in Newry when compared to any year in history.
A total of 526 companies were formed in Newry in 2014. This total is 18.5% higher than in 2013 and compares favourably to the UK figure of a 10.0% growth compared to 529,363 the previous year.
Year Newry UK 2014 526 582,051 2013 444 529,363 2012 448 491,893 2011 398 452,870 2010 290 400,358 Record Year 2014 (526) 2014 (582,051) New Companies by Year
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Half Year Data (Jul-Dec 2014)
The second half of 2014 saw a new record in company registrations in Newry when compared to any previous second half year.
In the second half of 2014 a total of 257 companies were formed in Newry. This figure is 17.9% higher than last year, which compares well to the UK wide figure of 8.2%.
The highest total for a second half year in Newry occurred in 2014 when a total of 257 were formed.
Half Year (Jul-Dec) Newry UK 2014 257 281,320 2013 218 259,931 % change 17.9% 8.2% Record Year 2014 (257) 2014 (281,320) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
Q4 2014 saw a new record in company registrations in Newry when compared to any previous Q4.
A total of 126 companies were registered in Newry during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is an increase of 17.8% versus the same period last year (Q4 2013). This figure compares well 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) Newry UK 2014 126 137,906 2013 107 127,247 % change 17.8% 8.4% Record Year 2014 (126) 2014 (137,906) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
November 2014 saw a new record in company registrations in Newry when compared to any previous November.
October 2014 saw a new record in company registrations in Newry when compared to any previous October.
New Companies by Month
October November December New companies in 2014 50 43 33 New companies in 2013 44 33 30 % change 13.6% 30.3% 10.0% Record Year 2014 (50) 2014 (43) 2008 (39)
Closed Companies (dissolved)
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Annual Data (2014)
A total of 268 companies were dissolved in Newry in 2014. This total is 24.7% higher than in 2013 and compares favourably to the UK figure of 10.8% growth compared to the previous year.
Year Newry UK 2014 268 367,937 2013 215 332,213 2012 211 293,729 2011 238 314,524 2010 455 342,233 Record Year 2010 (455) 2009 (533,789) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 a total of 141 companies were dissolved in Newry. This figure is 29.4% higher than last year, which compares badly to the UK wide change of 7.7%.
The highest total for a second half year in Newry occurred in 2010 when a total of 327 were closed.
Half Year (Jul-Dec) Newry UK 2014 141 190,730 2013 109 177,021 % change 29.4% 7.7% Record Year 2010 (327) 2009 (244,544) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
A total of 68 companies were dissolved in Newry during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is an increase of 38.8% 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) Newry UK 2014 68 89,060 2013 49 90,851 % change 38.8% -2.0% Record Year 2010 (194) 2013 (90,851) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Dissolved Companies by Month
October November December Closed companies in 2014 33 17 18 Closed companies in 2013 12 21 16 % change 175.0% -19.0% 13% Record Year 2010 (138) 2013 (21) 2010 (37)
Net Company Growth
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Annual Data (2014)
A total of 258 companies were added to the company register for Newry in 2014. This number represents growth of 49.0% in the total number of active companies, which compares favourably to the UK figure of 36.8%.
This number is 29 companies higher than the previous year.
The highest net company growth figure ever seen in one year came in 2006 when the Newry company register grew by 305 companies.
Year Newry UK 2014 258 214,114 2013 229 197,150 2012 237 198,164 2011 160 138,346 2010 -165 58,125 Record Year 2006 (305) 2007 (237,353) Net Growth by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 the company register for Newry increased by 116 companies.
Half Year (Jul-Dec) Newry UK 2014 116 90,590 2013 109 82,910 Record Year 2009 (171) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
Net company growth for Newry during the fourth quarter of 2014 (Oct 2014 - Dec 2014) was 58 companies.
fourth quarter (Oct 2014 - Dec 2014) Newry UK 2014 58 48,846 2013 58 36,396 Record Year 2009 (91) 2012 (49,848) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Net Growth by Month
October November December Net growth in 2014 17 26 15 Net growth in 2013 32 12 14 Record Year 2003 (36) 2009 (36) 2008 (38)
UK Company Share
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Annual Data (2014)
In 2014 Newry formed 0.1% of all UK companies. This is no change on 2013 when Newry was responsible for 0.1% of all UK companies.
Year Newry 2014 0.1% 2013 0.1% 2012 0.1% 2011 0.1% 2010 0.1% Record Year (since 1960) 1986 (0.1%) Company Share by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 Newry formed 0.1% of all UK companies. This is the same as the 2013 figure of 0.1%.
Half Year (Jul-Dec) Newry 2014 0.1% 2013 0.1% 2012 0.1% 2011 0.1% 2010 0.1% Record Year (since 1960) 1975 (0.2%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
In the fourth quarter of 2014, Newry formed 0.1% of all UK companies.
fourth quarter (Oct 2014 - Dec 2014) Newry 2014 0.1% 2013 0.1% 2012 0.1% 2011 0.1% 2010 0.1% Record Year (since 1960) 1975 (0.3%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Company Share by Month
October November December UK formation share in 2014 0.1% 0.1% 0.1% UK formation share in 2013 0.1% 0.1% 0.1% % change 8.1% 23.6% -5.9% Record Year 1930 (1.4%) 1968 (0.5%) 1952 (0.5%)
Director Age
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Annual Data (2014)
The average age of a director in 2014 was 42.2.
The percentage of directors under the age of 25 was 4.6% compared to the UK figure of 4.0%.
The percentage of directors over the age of 65 was 3.6% compared to the UK figure of 4.0%.
Director Age by Year
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Half Year Data (Jul-Dec 2014)
The average age of a director in the second half of 2014 was 42.4.
The percentage of directors under the age of 25 was 5.2% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 4.6% compared to the UK figure of 4.5%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
The average age of a director in the fourth quarter of 2014 was 43.4.
The percentage of directors under the age of 25 was 7.0% compared to the UK figure of 3.8%.
The percentage of directors over the age of 65 was 3.9% compared to the UK figure of 4.5%.
Director Age by Quarter
Director Gender
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Annual Data (2014)
The record year for female directors in Newry was 1957 when 66.7% of all directors were female.
The percentage of female directors in Newry in 2014 was 22.9%. The average for the UK during this time was 26.1%
Director Gender by Year
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Half Year Data (Jul-Dec 2014)
The record second half year for female directors in Newry was 2007 when 33.3% of all directors were female.
21.3% of all director appointments in Newry 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
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Quarterly Data (Q4 Oct-Dec 2014)
The record fourth quarter for female directors in Newry was in 2008 when 35.4% of all directors were female.
21.4% of all director appointments in Newry 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
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Previous 12 months (Dec 2013-Dec 2014)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage (NI) 3.12% CONSULTING 5.22% MANAGEMENT 2.26% MANAGEMENT 4.58% TRANSPORT 1.72% CONSULTANCY 3.57% CONTRACTS 1.61% PROPERTY 2.66% CONSTRUCTION 1.40% CONSTRUCTION 2.12% NEWRY 1.18% ENGINEERING 2.10% PROPERTY 1.08% CARE 2.02% TRADING 0.86% TRADING 1.94% PROPERTIES 0.86% LONDON 1.93% SALES 0.86% TRANSPORT 1.93% NI 0.65% DESIGN 1.66% HIRE 0.65% CONSULTANTS 1.64% FINANCIAL 0.65% ELECTRICAL 1.62% DEVELOPMENTS 0.65% PROPERTIES 1.62% FUELS 0.65% BUSINESS 1.56% ROAD 0.65% J 1.54% C 0.65% CO., 1.50% RETAIL 0.54% GLOBAL 1.49% (NEWRY) 0.54% INVESTMENTS 1.48% TRAINING 0.54% ASSOCIATES 1.47% DESIGN 0.54% DEVELOPMENTS 1.35% CONSULTING 0.54% MEDIA 1.33% SOLICITORS 0.43% IT 1.31% BUILDING 0.43% BUILDING 1.29% MEDICS 0.43% M 1.22%
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 173 265,608 99999 - Dormant Company 34 48,509 96090 - Other service activities not elsewhere classified 24 29,009 49410 - Freight transport by road 23 10,842 41100 - Development of building projects 20 11,397 41202 - Construction of domestic buildings 17 7,559 70229 - Management consultancy activities other than financial management 16 42,290 62020 - Information technology consultancy activities 15 30,178 47990 - Other retail sale not in stores, stalls or markets 15 6,452 68100 - Buying and selling of own real estate 14 7,106 74909 - Other professional, scientific and technical activities not elsewhere classified 13 19,049 41201 - Construction of commercial buildings 12 2,284 03110 - Marine fishing 12 314 56302 - Public houses and bars 11 6,285 43210 - Electrical installation 11 5,985 56102 - Unlicensed restaurants and cafes 10 4,745 47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating 10 4,167 96020 - Hairdressing and other beauty treatment 9 6,742 82990 - Other business support service activities not elsewhere classified 9 58,068 98000 - Residents property management 9 5,255
Recent Companies
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Randomly selected companies from this quarter
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