Romford, Essex
Q3 2014 Business Confidence Report
Headlines
- Q3 2014 saw a new record in company registrations in Romford when compared to any previous Q3.
- September 2014 saw a new record in company registrations in Romford when compared to any previous September.
- August 2014 saw a new record in company registrations in Romford when compared to any previous August.
- July 2014 saw a new record in company registrations in Romford when compared to any previous July.
- July 2014 saw a new record in company closures in Romford when compared to any previous July.
- September 2014 saw a new record in net growth in Romford when compared to any previous September.
- August 2014 saw a new record in net growth in Romford when compared to any previous August.
- July 2014 saw a new record in net growth in Romford when compared to any previous July.
Contents
New Company Registrations
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Quarterly Data (Q3 Jul-Sep 2014)
Q3 2014 saw a new record in company registrations in Romford when compared to any previous Q3.
A total of 554 companies were registered in Romford during the third quarter of 2014 (Jul 2014 - Sep 2014).
This figure is an increase of 38.2% versus the same period last year (Q3 2013). This figure compares well 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) Romford UK 2014 554 143,414 2013 401 132,684 % change 38.2% 8.1% Record Year 2014 (554) 2014 (143,414) New Companies by Quarter
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Monthly Data (Jul, Aug & Sep 2014)
September 2014 saw a new record in company registrations in Romford when compared to any previous September.
August 2014 saw a new record in company registrations in Romford when compared to any previous August.
July 2014 saw a new record in company registrations in Romford when compared to any previous July.
New Companies by Month
July August September New companies in 2014 193 188 173 New companies in 2013 131 123 147 % change 47.3% 52.8% 17.7% Record Year 2014 (193) 2014 (188) 2014 (173)
Closed Companies (dissolved)
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Quarterly Data (Q3 Jul-Sep 2014)
A total of 281 companies were dissolved in Romford during the third quarter of 2014 (Jul 2014 - Sep 2014).
This figure is an increase of 27.7% versus the same period last year (Q3 2013). This figure compares poorly 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) Romford UK 2014 281 101,670 2013 220 86,170 % change 27.7% 18.0% Record Year 2014 (281) 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 Romford when compared to any previous July.
Dissolved Companies by Month
July August September Closed companies in 2014 104 72 105 Closed companies in 2013 79 61 80 % change 31.6% 18.0% 31% Record Year 2014 (104) 2008 (104) 2009 (120)
Net Company Growth
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Quarterly Data (Q3 Jul-Sep 2014)
Net company growth for Romford during the third quarter of 2014 (Jul 2014 - Sep 2014) was 273 companies.
third quarter (Jul 2014 - Sep 2014) Romford UK 2014 273 41,744 2013 181 46,514 Record Year 2014 (273) 2013 (46,514) Net Growth by Quarter
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Monthly Data (Jul, Aug & Sep 2014)
September 2014 saw a new record in net growth in Romford when compared to any previous September.
August 2014 saw a new record in net growth in Romford when compared to any previous August.
July 2014 saw a new record in net growth in Romford when compared to any previous July.
Net Growth by Month
July August September Net growth in 2014 89 116 68 Net growth in 2013 52 62 67 Record Year 2014 (89) 2014 (116) 2014 (68)
UK Company Share
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Quarterly Data (Q3 Jul-Sep 2014)
In the third quarter of 2014, Romford formed 0.4% of all UK companies.
third quarter (Jul 2014 - Sep 2014) Romford 2014 0.4% 2013 0.3% 2012 0.3% 2011 0.3% 2010 0.2% Record Year (since 1960) 2014 (0.4%) 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 0.4% 0.4% 0.4% UK formation share in 2013 0.3% 0.3% 0.3% % change 33.9% 45.7% 8.0% Record Year 2014 (0.4%) 2014 (0.4%) 2014 (0.4%)
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 38.9.
The percentage of directors under the age of 25 was 1.6% 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 Quarter
Director Gender
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Quarterly Data (Q3 Jul-Sep 2014)
The record third quarter for female directors in Romford was in 2005 when 34.6% of all directors were female.
29.9% of all director appointments in Romford 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 CONSULTING 4.22% CONSULTING 5.17% CONSULTANCY 1.88% MANAGEMENT 4.63% CARE 1.33% CONSULTANCY 3.55% LONDON 1.26% PROPERTY 2.62% MANAGEMENT 1.19% ENGINEERING 2.07% CONSTRUCTION 0.94% CONSTRUCTION 2.05% ELECTRICAL 0.79% TRADING 2.00% HEALTHCARE 0.69% LONDON 1.95% BUILDING 0.65% CARE 1.94% S 0.61% TRANSPORT 1.76% CONSULTANTS 0.61% DESIGN 1.70% ENGINEERING 0.54% CONSULTANTS 1.70% J 0.54% PROPERTIES 1.63% HEALTH 0.54% BUSINESS 1.62% PROPERTY 0.54% J 1.53% ESSEX 0.51% ELECTRICAL 1.53% M 0.51% GLOBAL 1.51% TRADING 0.51% INVESTMENTS 1.50% MEDIA 0.51% ASSOCIATES 1.48% MAINTENANCE 0.47% MEDIA 1.38% BUSINESS 0.47% CO., 1.36% TRAINING 0.43% DEVELOPMENTS 1.35% DEVELOPMENT 0.43% BUILDING 1.30% ASSOCIATES 0.40% IT 1.30% CLEANING 0.40% 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 820 278,481 62020 - Information technology consultancy activities 117 29,313 82990 - Other business support service activities not elsewhere classified 99 57,264 96090 - Other service activities not elsewhere classified 91 28,224 70229 - Management consultancy activities other than financial management 85 40,717 99999 - Dormant Company 78 48,286 86900 - Other human health activities 64 11,807 74909 - Other professional, scientific and technical activities not elsewhere classified 50 18,890 69201 - Accounting and auditing activities 40 7,401 88990 - Other social work activities without accommodation not elsewhere classified 35 4,382 43390 - Other building completion and finishing 33 5,786 86101 - Hospital activities 29 3,680 74990 - Non-trading company 29 14,006 43999 - Other specialised construction activities not elsewhere classified 29 8,501 41202 - Construction of domestic buildings 28 7,151 43220 - Plumbing, heat and air-conditioning installation 27 5,083 43210 - Electrical installation 26 5,922 62090 - Other information technology service activities 26 12,795 49410 - Freight transport by road 25 9,960 41100 - Development of building projects 25 10,604
Recent Companies
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Randomly selected companies from this quarter
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