Romford, Essex
2010 Annual Business Confidence Report
Headlines
- The second half of 2010 saw a new record in company registrations in Romford when compared to any previous second half year.
- Q4 2010 saw a new record in company registrations in Romford when compared to any previous Q4.
- December 2010 saw a new record in company registrations in Romford when compared to any previous December.
- November 2010 saw a new record in company registrations in Romford when compared to any previous November.
- November 2010 saw a new record in company closures in Romford when compared to any previous November.
- December 2010 saw a new record in net growth in Romford when compared to any previous December.
Contents
New Company Registrations
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Annual Data (2010)
A total of 1,011 companies were formed in Romford in 2010. This total is 23.7% higher than in 2009 and compares favourably to the UK figure of a 10.4% growth compared to 362,675 the previous year.
Year Romford UK 2010 1,011 400,358 2009 817 362,675 2008 876 349,203 2007 1,057 457,649 2006 865 405,440 Record Year 2007 (1,057) 2007 (457,649) New Companies by Year
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Half Year Data (Jul-Dec 2010)
The second half of 2010 saw a new record in company registrations in Romford when compared to any previous second half year.
In the second half of 2010 a total of 492 companies were formed in Romford. This figure is 24.9% higher than last year, which compares well to the UK wide figure of 8.8%.
The highest total for a second half year in Romford occurred in 2010 when a total of 492 were formed.
Half Year (Jul-Dec) Romford UK 2010 492 196,609 2009 394 180,654 % change 24.9% 8.8% Record Year 2010 (492) 2003 (201,446) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
Q4 2010 saw a new record in company registrations in Romford when compared to any previous Q4.
A total of 245 companies were registered in Romford during the fourth quarter of 2010 (Oct 2010 - Dec 2010).
This figure is an increase of 40.0% versus the same period last year (Q4 2009). This figure compares well 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) Romford UK 2010 245 95,117 2009 175 85,983 % change 40.0% 10.6% Record Year 2010 (245) 2010 (95,117) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
December 2010 saw a new record in company registrations in Romford when compared to any previous December.
November 2010 saw a new record in company registrations in Romford when compared to any previous November.
New Companies by Month
October November December New companies in 2010 90 81 74 New companies in 2009 64 60 51 % change 40.6% 35.0% 45.1% Record Year 2007 (93) 2010 (81) 2010 (74)
Closed Companies (dissolved)
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Annual Data (2010)
A total of 781 companies were dissolved in Romford in 2010. This total is 36.0% lower than in 2009 and compares unfavourably to the UK figure of 35.9% decrease compared to the previous year.
Year Romford UK 2010 781 342,232 2009 1,220 533,773 2008 417 237,901 2007 530 220,295 2006 544 200,166 Record Year 2009 (1,220) 2009 (533,773) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 a total of 412 companies were dissolved in Romford. This figure is 20.8% lower than last year, which compares badly to the UK wide change of -32.7%.
The highest total for a second half year in Romford occurred in 2009 when a total of 520 were closed.
Half Year (Jul-Dec) Romford UK 2010 412 164,601 2009 520 244,537 % change -20.8% -32.7% Record Year 2009 (520) 2009 (244,537) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
A total of 179 companies were dissolved in Romford during the fourth quarter of 2010 (Oct 2010 - Dec 2010).
This figure is a decrease of 26.6% versus the same period last year (Q4 2009). This figure compares well 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) Romford UK 2010 179 76,896 2009 244 85,136 % change -26.6% -9.7% Record Year 2009 (244) 2009 (85,136) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
November 2010 saw a new record in company closures in Romford when compared to any previous November.
Dissolved Companies by Month
October November December Closed companies in 2010 55 85 39 Closed companies in 2009 84 62 98 % change -34.5% 37.1% -60% Record Year 2009 (84) 2010 (85) 2009 (98)
Net Company Growth
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Annual Data (2010)
A total of 230 companies were added to the company register for Romford in 2010. This number represents growth of 28.2% in the total number of active companies, which compares favourably to the UK figure of 16.0%.
This number is 633 companies higher than the previous year.
The highest net company growth figure ever seen in one year came in 2007 when the Romford company register grew by 527 companies.
Year Romford UK 2010 230 58,126 2009 -403 -171,098 2008 459 111,302 2007 527 237,354 2006 321 205,274 Record Year 2007 (527) 2003 (242,543) Net Growth by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 the company register for Romford increased by 80 companies.
Half Year (Jul-Dec) Romford UK 2010 80 32,008 2009 -126 -63,883 Record Year 2003 (235) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
Net company growth for Romford during the fourth quarter of 2010 (Oct 2010 - Dec 2010) was 66 companies.
fourth quarter (Oct 2010 - Dec 2010) Romford UK 2010 66 18,221 2009 -69 847 Record Year 2003 (115) 2003 (57,175) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
December 2010 saw a new record in net growth in Romford when compared to any previous December.
Net Growth by Month
October November December Net growth in 2010 35 -4 35 Net growth in 2009 -20 -2 -47 Record Year 2003 (63) 2006 (38) 2010 (35)
UK Company Share
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Annual Data (2010)
In 2010 Romford formed 0.3% of all UK companies. This is an improvement on 2009 when Romford was responsible for 0.2% of all UK companies.
Year Romford 2010 0.3% 2009 0.2% 2008 0.3% 2007 0.2% 2006 0.2% Record Year (since 1960) 1962 (0.3%) Company Share by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 Romford formed 0.3% of all UK companies. This is more than the 2009 figure of 0.2%.
Half Year (Jul-Dec) Romford 2010 0.3% 2009 0.2% 2008 0.2% 2007 0.3% 2006 0.2% Record Year (since 1960) 1972 (0.3%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
In the fourth quarter of 2010, Romford formed 0.3% of all UK companies.
fourth quarter (Oct 2010 - Dec 2010) Romford 2010 0.3% 2009 0.2% 2008 0.2% 2007 0.3% 2006 0.2% Record Year (since 1960) 1972 (0.4%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
Company Share by Month
October November December UK formation share in 2010 0.3% 0.2% 0.3% UK formation share in 2009 0.2% 0.2% 0.2% % change 23.1% 20.7% 38.1% Record Year 1971 (0.6%) 1960 (0.6%) 1968 (0.4%)
Director Age
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Annual Data (2010)
The average age of a director in 2010 was 42.0.
The percentage of directors under the age of 25 was 2.8% compared to the UK figure of 2.5%.
The percentage of directors over the age of 65 was 3.0% compared to the UK figure of 4.5%.
Director Age by Year
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Half Year Data (Jul-Dec 2010)
The average age of a director in the second half of 2010 was 42.0.
The percentage of directors under the age of 25 was 2.3% compared to the UK figure of 2.8%.
The percentage of directors over the age of 65 was 3.3% compared to the UK figure of 4.4%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
The average age of a director in the fourth quarter of 2010 was 42.2.
The percentage of directors under the age of 25 was 1.8% compared to the UK figure of 3.0%.
The percentage of directors over the age of 65 was 3.0% compared to the UK figure of 4.4%.
Director Age by Quarter
Director Gender
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Annual Data (2010)
The record year for female directors in Romford was 1857 when 36.4% of all directors were female.
The percentage of female directors in Romford in 2010 was 29.0%. The average for the UK during this time was 26.2%
Director Gender by Year
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Half Year Data (Jul-Dec 2010)
The record second half year for female directors in Romford was 1860 when 42.9% of all directors were female.
28.3% of all director appointments in Romford 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
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Quarterly Data (Q4 Oct-Dec 2010)
The record fourth quarter for female directors in Romford was in 1977 when 31.1% of all directors were female.
32.1% of all director appointments in Romford 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
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Previous 12 months (Dec 2009-Dec 2010)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage CONSULTING 1.71% CONSULTING 5.06% MANAGEMENT 1.40% MANAGEMENT 5.01% LONDON 1.01% CONSULTANCY 3.14% R 0.89% PROPERTY 2.36% CONSTRUCTION 0.89% TRADING 2.11% CONSULTANCY 0.89% ASSOCIATES 1.95% M 0.89% DESIGN 1.92% ELECTRICAL 0.89% BUSINESS 1.82% BUSINESS 0.82% CONSTRUCTION 1.82% CARE 0.76% CONSULTANTS 1.76% J 0.76% MEDIA 1.71% CONSULTANTS 0.63% ENGINEERING 1.62% BUILDING 0.63% LONDON 1.60% ASSOCIATES 0.57% CARE 1.45% ESSEX 0.57% INVESTMENTS 1.44% TRAINING 0.51% GLOBAL 1.43% S 0.51% J 1.42% HOUSE 0.51% IT 1.41% CLEANING 0.51% PROPERTIES 1.34% ROMFORD 0.51% INTERNATIONAL 1.34% ENTERPRISES 0.44% BUILDING 1.34% SERVICE 0.44% M 1.30% SECURITY 0.44% ELECTRICAL 1.25% IT 0.44% SYSTEMS 1.24% HEALTHCARE 0.44% S 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 579 199,572 7487 - Other business activities 131 63,348 82990 - Other business support service activities not elsewhere classified 49 27,550 9999 - Dormant Company 33 20,144 9305 - Other service activities 27 8,858 99999 - Dormant Company 27 16,285 7260 - Other computer related activities 27 8,089 96090 - Other service activities not elsewhere classified 26 8,799 7499 - Non-trading company 24 12,000 86900 - Other human health activities 24 3,700 4521 - General construction & civil engineering 23 6,598 7414 - Business & management consultancy 20 13,474 74990 - Non-trading company 18 8,243 7222 - Other software consultancy and supply 18 7,298 74909 - Other professional, scientific and technical activities not elsewhere classified 16 7,088 62090 - Other information technology service activities 15 6,330 70229 - Management consultancy activities other than financial management 15 14,505 5530 - Restaurants 14 4,939 43210 - Electrical installation 14 2,980 62020 - Information technology consultancy activities 14 9,177
Recent Companies
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Randomly selected companies from this quarter
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