Romford, Essex
Q1 2014 Business Confidence Report
Headlines
- Q1 2014 saw a new record in company registrations in Romford when compared to any previous Q1.
- Q1 2014 was a record quarter for company registrations in Romford when compared to any quarter in history.
- March 2014 saw a new record in company registrations in Romford when compared to any previous March.
- March 2014 was a record month for company registrations in Romford when compared to any month in history.
- February 2014 saw a new record in company registrations in Romford when compared to any previous February.
- February 2014 was a record month for company registrations in Romford when compared to any month in history.
- January 2014 saw a new record in company registrations in Romford when compared to any previous January.
- February 2014 saw a new record in company closures in Romford when compared to any previous February.
- March 2014 saw a new record in net growth in Romford when compared to any previous March.
- March 2014 was a record month for net growth in Romford when compared to any month in history.
- February 2014 saw a new record in net growth in Romford when compared to any previous February.
- February 2014 was a record month for net growth in Romford when compared to any month in history.
Contents
New Company Registrations
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Quarterly Data (Q1 Jan-Mar 2014)
Q1 2014 saw a new record in company registrations in Romford when compared to any previous Q1.
Q1 2014 was a record quarter for company registrations in Romford when compared to any quarter in history.
A total of 466 companies were registered in Romford during the first quarter of 2014 (Jan 2014 - Mar 2014).
This figure is an increase of 32.8% versus the same period last year (Q1 2013). This figure compares well to the UK as a whole, which saw an increase of 11.8% against the same period last year.
first quarter (Jan 2014 - Mar 2014) Romford UK 2014 466 150,722 2013 351 134,802 % change 32.8% 11.8% Record Year 2014 (466) 2007 (166,814) New Companies by Quarter
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Monthly Data (Jan, Feb & Mar 2014)
March 2014 saw a new record in company registrations in Romford when compared to any previous March.
March 2014 was a record month for company registrations in Romford when compared to any month in history.
February 2014 saw a new record in company registrations in Romford when compared to any previous February.
February 2014 was a record month for company registrations in Romford when compared to any month in history.
January 2014 saw a new record in company registrations in Romford when compared to any previous January.
New Companies by Month
January February March New companies in 2014 132 160 174 New companies in 2013 127 128 96 % change 3.9% 25.0% 81.3% Record Year 2014 (132) 2014 (160) 2014 (174)
Closed Companies (dissolved)
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Quarterly Data (Q1 Jan-Mar 2014)
A total of 214 companies were dissolved in Romford during the first quarter of 2014 (Jan 2014 - Mar 2014).
This figure is a decrease of 4.5% versus the same period last year (Q1 2013). This figure compares well to the UK as a whole, which saw an increase of 5.7% against the same period last year.
first quarter (Jan 2014 - Mar 2014) Romford UK 2014 214 82,370 2013 224 77,914 % change -4.5% 5.7% Record Year 2009 (235) 2009 (108,066) Dissolved Companies by Quarter
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Monthly Data (Jan, Feb & Mar 2014)
February 2014 saw a new record in company closures in Romford when compared to any previous February.
Dissolved Companies by Month
January February March Closed companies in 2014 78 67 69 Closed companies in 2013 104 56 64 % change -25.0% 19.6% 8% Record Year 2013 (104) 2014 (67) 2009 (164)
Net Company Growth
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Quarterly Data (Q1 Jan-Mar 2014)
Net company growth for Romford during the first quarter of 2014 (Jan 2014 - Mar 2014) was 252 companies.
first quarter (Jan 2014 - Mar 2014) Romford UK 2014 252 68,352 2013 127 56,888 Record Year 2014 (252) 2007 (111,282) Net Growth by Quarter
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Monthly Data (Jan, Feb & Mar 2014)
March 2014 saw a new record in net growth in Romford when compared to any previous March.
March 2014 was a record month for net growth in Romford when compared to any month in history.
February 2014 saw a new record in net growth in Romford when compared to any previous February.
February 2014 was a record month for net growth in Romford when compared to any month in history.
Net Growth by Month
January February March Net growth in 2014 54 93 105 Net growth in 2013 23 72 32 Record Year 2012 (73) 2014 (93) 2014 (105)
UK Company Share
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Quarterly Data (Q1 Jan-Mar 2014)
In the first quarter of 2014, Romford formed 0.3% of all UK companies.
first quarter (Jan 2014 - Mar 2014) Romford 2014 0.3% 2013 0.3% 2012 0.2% 2011 0.3% 2010 0.2% Record Year (since 1960) 2014 (0.3%) Company Share by Quarter
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Monthly Data (Jan, Feb & Mar 2014)
Company Share by Month
January February March UK formation share in 2014 0.3% 0.3% 0.3% UK formation share in 2013 0.3% 0.3% 0.2% % change -2.8% 15.4% 51.3% Record Year 1987 (0.3%) 2014 (0.3%) 2014 (0.3%)
Director Age
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Quarterly Data (Q1 Jan-Mar 2014)
The average age of a director in the first quarter of 2014 was 39.6.
The percentage of directors under the age of 25 was 2.4% compared to the UK figure of 4.6%.
The percentage of directors over the age of 65 was 5.3% compared to the UK figure of 3.5%.
Director Age by Quarter
Director Gender
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Quarterly Data (Q1 Jan-Mar 2014)
The record first quarter for female directors in Romford was in 2013 when 33.3% of all directors were female.
25.3% of all director appointments in Romford in the first quarter of 2014 were female. This compares to a UK average of 26.4% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Mar 2013-Mar 2014)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage CONSULTING 2.68% CONSULTING 5.22% CARE 1.15% MANAGEMENT 4.67% CONSULTANCY 1.02% CONSULTANCY 3.49% MANAGEMENT 0.98% PROPERTY 2.64% LONDON 0.93% TRADING 2.05% CONSULTANTS 0.81% LONDON 1.88% CONSTRUCTION 0.81% ENGINEERING 1.86% ELECTRICAL 0.55% CARE 1.79% CLEANING 0.55% CONSTRUCTION 1.75% HEALTHCARE 0.55% DESIGN 1.75% S 0.55% CONSULTANTS 1.73% BUILDING 0.55% BUSINESS 1.71% PROPERTY 0.51% PROPERTIES 1.60% MAINTENANCE 0.51% INVESTMENTS 1.60% ENTERPRISES 0.51% GLOBAL 1.58% ESSEX 0.51% J 1.48% HEALTH 0.47% ASSOCIATES 1.48% ENGINEERING 0.47% MEDIA 1.48% TRADING 0.47% IT 1.33% BUSINESS 0.47% TRANSPORT 1.30% R 0.42% DEVELOPMENTS 1.29% PLUMBING 0.42% BUILDING 1.24% TECHNOLOGY 0.42% M 1.21% CO 0.42% CAPITAL 1.20% P 0.42% ELECTRICAL 1.19%
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 757 280,210 62020 - Information technology consultancy activities 107 27,750 82990 - Other business support service activities not elsewhere classified 91 56,411 99999 - Dormant Company 84 47,084 96090 - Other service activities not elsewhere classified 80 26,700 70229 - Management consultancy activities other than financial management 73 37,882 74909 - Other professional, scientific and technical activities not elsewhere classified 52 18,491 86900 - Other human health activities 43 10,273 43999 - Other specialised construction activities not elsewhere classified 37 8,155 74990 - Non-trading company 33 14,135 43390 - Other building completion and finishing 30 5,521 88990 - Other social work activities without accommodation not elsewhere classified 29 3,815 43210 - Electrical installation 29 5,885 62012 - Business and domestic software development 27 9,509 86101 - Hospital activities 26 2,870 41100 - Development of building projects 26 9,855 62090 - Other information technology service activities 25 12,813 49410 - Freight transport by road 24 8,014 47990 - Other retail sale not in stores, stalls or markets 22 5,988 47910 - Retail sale via mail order houses or via Internet 22 9,358
Recent Companies
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Randomly selected companies from this quarter
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