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

  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. 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)RomfordUK
    2014466150,722
    2013351134,802
    % change32.8%11.8%
    Record Year 2014 (466) 2007 (166,814)
    New Companies by Quarter
  2. 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
    JanuaryFebruaryMarch
    New companies in 2014132160174
    New companies in 201312712896
    % change3.9%25.0%81.3%
    Record Year2014 (132)2014 (160)2014 (174)

Closed Companies (dissolved)

  1. 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)RomfordUK
    201421482,370
    201322477,914
    % change-4.5%5.7%
    Record Year 2009 (235) 2009 (108,066)
    Dissolved Companies by Quarter
  2. 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
    JanuaryFebruaryMarch
    Closed companies in 2014786769
    Closed companies in 20131045664
    % change-25.0%19.6%8%
    Record Year2013 (104)2014 (67)2009 (164)

Net Company Growth

  1. 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)RomfordUK
    201425268,352
    201312756,888
    Record Year 2014 (252) 2007 (111,282)
    Net Growth by Quarter
  2. 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
    JanuaryFebruaryMarch
    Net growth in 20145493105
    Net growth in 2013237232
    Record Year2012 (73)2014 (93)2014 (105)

UK Company Share

  1. 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
    20140.3%
    20130.3%
    20120.2%
    20110.3%
    20100.2%
    Record Year (since 1960) 2014 (0.3%)
    Company Share by Quarter
  2. Monthly Data (Jan, Feb & Mar 2014)

    Company Share by Month
    JanuaryFebruaryMarch
    UK formation share in 20140.3%0.3%0.3%
    UK formation share in 20130.3%0.3%0.2%
    % change-2.8%15.4%51.3%
    Record Year1987 (0.3%)2014 (0.3%)2014 (0.3%)

Director Age

  1. 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

  1. 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

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

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

    wordpercentageuk worduk percentage
    CONSULTING2.68%CONSULTING5.22%
    CARE1.15%MANAGEMENT4.67%
    CONSULTANCY1.02%CONSULTANCY3.49%
    MANAGEMENT0.98%PROPERTY2.64%
    LONDON0.93%TRADING2.05%
    CONSULTANTS0.81%LONDON1.88%
    CONSTRUCTION0.81%ENGINEERING1.86%
    ELECTRICAL0.55%CARE1.79%
    CLEANING0.55%CONSTRUCTION1.75%
    HEALTHCARE0.55%DESIGN1.75%
    S0.55%CONSULTANTS1.73%
    BUILDING0.55%BUSINESS1.71%
    PROPERTY0.51%PROPERTIES1.60%
    MAINTENANCE0.51%INVESTMENTS1.60%
    ENTERPRISES0.51%GLOBAL1.58%
    ESSEX0.51%J1.48%
    HEALTH0.47%ASSOCIATES1.48%
    ENGINEERING0.47%MEDIA1.48%
    TRADING0.47%IT1.33%
    BUSINESS0.47%TRANSPORT1.30%
    R0.42%DEVELOPMENTS1.29%
    PLUMBING0.42%BUILDING1.24%
    TECHNOLOGY0.42%M1.21%
    CO0.42%CAPITAL1.20%
    P0.42%ELECTRICAL1.19%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied757280,210
    62020 - Information technology consultancy activities10727,750
    82990 - Other business support service activities not elsewhere classified9156,411
    99999 - Dormant Company8447,084
    96090 - Other service activities not elsewhere classified8026,700
    70229 - Management consultancy activities other than financial management7337,882
    74909 - Other professional, scientific and technical activities not elsewhere classified5218,491
    86900 - Other human health activities4310,273
    43999 - Other specialised construction activities not elsewhere classified378,155
    74990 - Non-trading company3314,135
    43390 - Other building completion and finishing305,521
    88990 - Other social work activities without accommodation not elsewhere classified293,815
    43210 - Electrical installation295,885
    62012 - Business and domestic software development279,509
    86101 - Hospital activities262,870
    41100 - Development of building projects269,855
    62090 - Other information technology service activities2512,813
    49410 - Freight transport by road248,014
    47990 - Other retail sale not in stores, stalls or markets225,988
    47910 - Retail sale via mail order houses or via Internet229,358

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    08834376 GEDON - PSYCHOLOGY SERVICES LTD 07 Jan 2014
    08835791 FORTUNE PRIVATE COMPANY LTD 07 Jan 2014
    08839738 GREEN ORCHID LIMITED 10 Jan 2014
    08840655 ADR KENT LIMITED 10 Jan 2014
    08847077 JJK MEDICAL SERVICES LIMITED 15 Jan 2014
    08862097 JJONAS LIMITED 27 Jan 2014
    08865798 K L KNIGHT LIMITED 28 Jan 2014
    08859010 TRESLOVE CONSULTANCY LIMITED 23 Jan 2014
    08833842 FLAG IN THE SAND LIFESTYLE LIMITED 07 Jan 2014
    08857445 APEX INTEGRATED SERVICES LTD 23 Jan 2014
    08858321 COLIN ENGINEERS LTD 23 Jan 2014
    08869406 SAINT-FRANCIS OF ESSEX VENTURES LTD 30 Jan 2014
    08841172 RSD CONTRACT SERVICES LIMITED 13 Jan 2014
    08854589 NAVANOD LIMITED 21 Jan 2014
    08829857 BEDFORD ACCOUNTING LIMITED 02 Jan 2014
    08830795 J.S.N BUILDING SERVICES LIMITED 03 Jan 2014
    08834600 LEEPER ACCOUNTING SERVICES LIMITED 07 Jan 2014
    08842613 DEVAPPED LIMITED 13 Jan 2014
    08844161 MMENUAS LTD 14 Jan 2014
    08853531 SAM GADGET LIMITED 21 Jan 2014
    08854011 AVDI CONSTRUCTION LIMITED 21 Jan 2014
    08854135 S RAFLA CONSULTING LIMITED 21 Jan 2014
    08856369 RAK TAXIS SERVICES LONDON LTD LTD 22 Jan 2014
    08864448 BODYTONIC CLINIC LIMITED 28 Jan 2014
    08864816 ORMEGA LIMITED 28 Jan 2014