Preston, Lancashire
Q3 2014 Business Confidence Report
Headlines
- August 2014 saw a new record in company registrations in Preston when compared to any previous August.
- July 2014 saw a new record in company closures in Preston when compared to any previous July.
Contents
New Company Registrations
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Quarterly Data (Q3 Jul-Sep 2014)
A total of 475 companies were registered in Preston during the third quarter of 2014 (Jul 2014 - Sep 2014).
This figure is an increase of 9.2% versus the same period last year (Q3 2013). This figure compares equally to the UK as a whole, which saw an increase of 8.1% against the same period last year.
third quarter (Jul 2014 - Sep 2014) Preston UK 2014 475 143,414 2013 435 132,684 % change 9.2% 8.1% Record Year 2014 (475) 2014 (143,414) New Companies by Quarter
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Monthly Data (Jul, Aug & Sep 2014)
August 2014 saw a new record in company registrations in Preston when compared to any previous August.
New Companies by Month
July August September New companies in 2014 170 160 145 New companies in 2013 153 137 145 % change 11.1% 16.8% 0.0% Record Year 2003 (208) 2014 (160) 2012 (162)
Closed Companies (dissolved)
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Quarterly Data (Q3 Jul-Sep 2014)
A total of 399 companies were dissolved in Preston during the third quarter of 2014 (Jul 2014 - Sep 2014).
This figure is an increase of 9.9% versus the same period last year (Q3 2013). This figure compares well to the UK as a whole, which saw an increase of 18.0% against the same period last year.
third quarter (Jul 2014 - Sep 2014) Preston UK 2014 399 101,670 2013 363 86,170 % change 9.9% 18.0% Record Year 2009 (427) 2009 (159,405) Dissolved Companies by Quarter
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Monthly Data (Jul, Aug & Sep 2014)
July 2014 saw a new record in company closures in Preston when compared to any previous July.
Dissolved Companies by Month
July August September Closed companies in 2014 147 109 143 Closed companies in 2013 116 102 145 % change 26.7% 6.9% -1% Record Year 2014 (147) 2008 (193) 2009 (198)
Net Company Growth
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Quarterly Data (Q3 Jul-Sep 2014)
Net company growth for Preston during the third quarter of 2014 (Jul 2014 - Sep 2014) was 76 companies.
third quarter (Jul 2014 - Sep 2014) Preston UK 2014 76 41,744 2013 72 46,514 Record Year 2006 (189) 2013 (46,514) Net Growth by Quarter
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Monthly Data (Jul, Aug & Sep 2014)
Net Growth by Month
July August September Net growth in 2014 23 51 2 Net growth in 2013 37 35 0 Record Year 2003 (135) 2003 (87) 2002 (138)
UK Company Share
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Quarterly Data (Q3 Jul-Sep 2014)
In the third quarter of 2014, Preston formed 0.3% of all UK companies.
third quarter (Jul 2014 - Sep 2014) Preston 2014 0.3% 2013 0.3% 2012 0.4% 2011 0.3% 2010 0.3% Record Year (since 1960) 2002 (0.6%) Company Share by Quarter
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Monthly Data (Jul, Aug & Sep 2014)
Company Share by Month
July August September UK formation share in 2014 0.3% 0.4% 0.3% UK formation share in 2013 0.3% 0.3% 0.3% % change 1.0% 11.3% -8.3% Record Year 1936 (0.7%) 2002 (0.5%) 2002 (0.6%)
Director Age
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Quarterly Data (Q3 Jul-Sep 2014)
The average age of a director in the third quarter of 2014 was 42.9.
The percentage of directors under the age of 25 was 3.5% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 5.1% compared to the UK figure of 4.5%.
Director Age by Quarter
Director Gender
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Quarterly Data (Q3 Jul-Sep 2014)
The record third quarter for female directors in Preston was in 2007 when 32.6% of all directors were female.
24.6% of all director appointments in Preston in the third quarter of 2014 were female. This compares to a UK average of 26.3% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Sep 2013-Sep 2014)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage (NW) 1.78% CONSULTING 5.17% MANAGEMENT 1.55% MANAGEMENT 4.63% CONSULTANCY 1.33% CONSULTANCY 3.55% PRESTON 1.29% PROPERTY 2.62% PROPERTY 1.04% ENGINEERING 2.07% CARE 0.89% CONSTRUCTION 2.05% CONSULTING 0.85% TRADING 2.00% ENGINEERING 0.78% LONDON 1.95% CONSTRUCTION 0.74% CARE 1.94% CONSULTANTS 0.67% TRANSPORT 1.76% ELECTRICAL 0.67% DESIGN 1.70% NORTH 0.63% CONSULTANTS 1.70% DESIGN 0.59% PROPERTIES 1.63% NW 0.59% BUSINESS 1.62% J 0.59% J 1.53% D 0.59% ELECTRICAL 1.53% BUSINESS 0.55% GLOBAL 1.51% ENERGY 0.55% INVESTMENTS 1.50% BUILDING 0.52% ASSOCIATES 1.48% WEST 0.52% MEDIA 1.38% M 0.52% CO., 1.36% S 0.52% DEVELOPMENTS 1.35% TRADING 0.52% BUILDING 1.30% TRAINING 0.48% IT 1.30% HIRE 0.48% M 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 855 278,481 99999 - Dormant Company 202 48,286 82990 - Other business support service activities not elsewhere classified 169 57,264 96090 - Other service activities not elsewhere classified 135 28,224 70229 - Management consultancy activities other than financial management 102 40,717 62020 - Information technology consultancy activities 75 29,313 47910 - Retail sale via mail order houses or via Internet 47 9,914 74909 - Other professional, scientific and technical activities not elsewhere classified 42 18,890 43210 - Electrical installation 41 5,922 43999 - Other specialised construction activities not elsewhere classified 39 8,501 62090 - Other information technology service activities 37 12,795 56302 - Public houses and bars 35 6,056 86900 - Other human health activities 35 11,807 41100 - Development of building projects 35 10,604 68209 - Other letting and operating of own or leased real estate 34 10,361 74990 - Non-trading company 33 14,006 56103 - Take-away food shops and mobile food stands 31 7,917 86210 - General medical practice activities 31 4,406 96020 - Hairdressing and other beauty treatment 30 6,630 43320 - Joinery installation 30 2,104
Recent Companies
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Randomly selected companies from this quarter
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