Romford, Essex
2014 Annual Business Confidence Report
Headlines
- 2014 was a record year for company registrations in Romford when compared to any year in history.
- The second half of 2014 saw a new record in company registrations in Romford when compared to any previous second half year.
- Q4 2014 saw a new record in company registrations in Romford when compared to any previous Q4.
- December 2014 saw a new record in company registrations in Romford when compared to any previous December.
- November 2014 saw a new record in company registrations in Romford when compared to any previous November.
- October 2014 saw a new record in company registrations in Romford when compared to any previous October.
- October 2014 was a record month for company registrations in Romford when compared to any month in history.
- The second half of 2014 saw a new record in company closures in Romford when compared to any previous second half year.
- December 2014 saw a new record in company closures in Romford when compared to any previous December.
- November 2014 saw a new record in company closures in Romford when compared to any previous November.
- 2014 was a record year for net growth in Romford when compared to any year in history.
- The second half of 2014 saw a new record in net growth in Romford when compared to any previous second half year.
- October 2014 saw a new record in net growth in Romford when compared to any previous October.
Contents
New Company Registrations
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Annual Data (2014)
2014 was a record year for company registrations in Romford when compared to any year in history.
A total of 2,055 companies were formed in Romford in 2014. This total is 36.9% higher than in 2013 and compares favourably to the UK figure of a 10.0% growth compared to 529,363 the previous year.
Year Romford UK 2014 2,055 582,051 2013 1,501 529,363 2012 1,334 491,893 2011 1,136 452,870 2010 1,011 400,358 Record Year 2014 (2,055) 2014 (582,051) New Companies by Year
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Half Year Data (Jul-Dec 2014)
The second half of 2014 saw a new record in company registrations in Romford when compared to any previous second half year.
In the second half of 2014 a total of 1,026 companies were formed in Romford. This figure is 33.6% higher than last year, which compares well to the UK wide figure of 8.2%.
The highest total for a second half year in Romford occurred in 2014 when a total of 1,026 were formed.
Half Year (Jul-Dec) Romford UK 2014 1,026 281,320 2013 768 259,931 % change 33.6% 8.2% Record Year 2014 (1,026) 2014 (281,320) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
Q4 2014 saw a new record in company registrations in Romford when compared to any previous Q4.
A total of 472 companies were registered in Romford during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is an increase of 28.6% versus the same period last year (Q4 2013). This figure compares well to the UK as a whole, which saw an increase of 8.4% against the same period last year.
fourth quarter (Oct 2014 - Dec 2014) Romford UK 2014 472 137,906 2013 367 127,247 % change 28.6% 8.4% Record Year 2014 (472) 2014 (137,906) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
December 2014 saw a new record in company registrations in Romford when compared to any previous December.
November 2014 saw a new record in company registrations in Romford when compared to any previous November.
October 2014 saw a new record in company registrations in Romford when compared to any previous October.
October 2014 was a record month for company registrations in Romford when compared to any month in history.
New Companies by Month
October November December New companies in 2014 212 138 122 New companies in 2013 121 128 118 % change 75.2% 7.8% 3.4% Record Year 2014 (212) 2014 (138) 2014 (122)
Closed Companies (dissolved)
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Annual Data (2014)
A total of 1,041 companies were dissolved in Romford in 2014. This total is 22.8% higher than in 2013 and compares favourably to the UK figure of 10.8% growth compared to the previous year.
Year Romford UK 2014 1,041 367,937 2013 848 332,213 2012 686 293,729 2011 656 314,524 2010 781 342,233 Record Year 2009 (1,220) 2009 (533,789) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2014)
The second half of 2014 saw a new record in company closures in Romford when compared to any previous second half year.
In the second half of 2014 a total of 592 companies were dissolved in Romford. This figure is 35.2% higher than last year, which compares badly to the UK wide change of 7.7%.
The highest total for a second half year in Romford occurred in 2014 when a total of 592 were closed.
Half Year (Jul-Dec) Romford UK 2014 592 190,730 2013 438 177,021 % change 35.2% 7.7% Record Year 2014 (592) 2009 (244,544) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
A total of 311 companies were dissolved in Romford during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is an increase of 42.7% versus the same period last year (Q4 2013). This figure compares poorly to the UK as a whole, which saw a decrease of 2.0% against the same period last year.
fourth quarter (Oct 2014 - Dec 2014) Romford UK 2014 311 89,060 2013 218 90,851 % change 42.7% -2.0% Record Year 2014 (311) 2013 (90,851) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
December 2014 saw a new record in company closures in Romford when compared to any previous December.
November 2014 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 2014 64 90 157 Closed companies in 2013 83 73 62 % change -22.9% 23.3% 153% Record Year 2009 (84) 2014 (90) 2014 (157)
Net Company Growth
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Annual Data (2014)
2014 was a record year for net growth in Romford when compared to any year in history.
A total of 1,014 companies were added to the company register for Romford in 2014. This number represents growth of 49.3% in the total number of active companies, which compares favourably to the UK figure of 36.8%.
This number is 361 companies higher than the previous year.
The highest net company growth figure ever seen in one year came in 2014 when the Romford company register grew by 1,014 companies.
Year Romford UK 2014 1,014 214,114 2013 653 197,150 2012 648 198,164 2011 480 138,346 2010 230 58,125 Record Year 2014 (1,014) 2007 (237,353) Net Growth by Year
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Half Year Data (Jul-Dec 2014)
The second half of 2014 saw a new record in net growth in Romford when compared to any previous second half year.
In the second half of 2014 the company register for Romford increased by 434 companies.
Half Year (Jul-Dec) Romford UK 2014 434 90,590 2013 330 82,910 Record Year 2014 (434) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
Net company growth for Romford during the fourth quarter of 2014 (Oct 2014 - Dec 2014) was 161 companies.
fourth quarter (Oct 2014 - Dec 2014) Romford UK 2014 161 48,846 2013 149 36,396 Record Year 2012 (202) 2012 (49,848) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
October 2014 saw a new record in net growth in Romford when compared to any previous October.
Net Growth by Month
October November December Net growth in 2014 148 48 -35 Net growth in 2013 38 55 56 Record Year 2014 (148) 2012 (55) 2012 (65)
UK Company Share
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Annual Data (2014)
In 2014 Romford formed 0.4% of all UK companies. This is an improvement on 2013 when Romford was responsible for 0.3% of all UK companies.
Year Romford 2014 0.4% 2013 0.3% 2012 0.3% 2011 0.3% 2010 0.3% Record Year (since 1960) 2014 (0.4%) Company Share by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 Romford formed 0.4% of all UK companies. This is more than the 2013 figure of 0.3%.
Half Year (Jul-Dec) Romford 2014 0.4% 2013 0.3% 2012 0.3% 2011 0.2% 2010 0.3% Record Year (since 1960) 2014 (0.4%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
In the fourth quarter of 2014, Romford formed 0.3% of all UK companies.
fourth quarter (Oct 2014 - Dec 2014) Romford 2014 0.3% 2013 0.3% 2012 0.3% 2011 0.2% 2010 0.3% Record Year (since 1960) 2014 (0.3%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Company Share by Month
October November December UK formation share in 2014 0.4% 0.3% 0.3% UK formation share in 2013 0.2% 0.3% 0.3% % change 66.7% 2.4% -11.5% Record Year 2014 (0.4%) 1986 (0.3%) 2013 (0.3%)
Director Age
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Annual Data (2014)
The average age of a director in 2014 was 39.1.
The percentage of directors under the age of 25 was 2.1% compared to the UK figure of 4.0%.
The percentage of directors over the age of 65 was 5.1% compared to the UK figure of 4.0%.
Director Age by Year
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Half Year Data (Jul-Dec 2014)
The average age of a director in the second half of 2014 was 38.7.
The percentage of directors under the age of 25 was 1.7% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 5.3% compared to the UK figure of 4.5%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
The average age of a director in the fourth quarter of 2014 was 38.5.
The percentage of directors under the age of 25 was 1.7% compared to the UK figure of 3.8%.
The percentage of directors over the age of 65 was 6.1% compared to the UK figure of 4.5%.
Director Age by Quarter
Director Gender
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Annual Data (2014)
The record year for female directors in Romford was 1989 when 66.7% of all directors were female.
The percentage of female directors in Romford in 2014 was 29.0%. The average for the UK during this time was 26.1%
Director Gender by Year
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Half Year Data (Jul-Dec 2014)
The record second half year for female directors in Romford was 2005 when 31.2% of all directors were female.
29.9% of all director appointments in Romford in the second half of 2014 were female. This compares to a UK average of 26.1% for the same period.
Director Gender by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
The record fourth quarter for female directors in Romford was in 2008 when 35.0% of all directors were female.
29.9% of all director appointments in Romford in the fourth quarter of 2014 were female. This compares to a UK average of 25.8% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Dec 2013-Dec 2014)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage CONSULTING 4.34% CONSULTING 5.22% CONSULTANCY 1.69% MANAGEMENT 4.58% CARE 1.27% CONSULTANCY 3.57% LONDON 1.27% PROPERTY 2.66% MANAGEMENT 1.17% CONSTRUCTION 2.12% CONSTRUCTION 1.03% ENGINEERING 2.10% ELECTRICAL 0.96% CARE 2.02% PROPERTY 0.76% TRADING 1.94% J 0.69% LONDON 1.93% BUILDING 0.62% TRANSPORT 1.93% S 0.62% DESIGN 1.66% ESSEX 0.59% CONSULTANTS 1.64% M 0.55% ELECTRICAL 1.62% HEALTHCARE 0.52% PROPERTIES 1.62% CONSULTANTS 0.52% BUSINESS 1.56% TRAINING 0.52% J 1.54% MEDIA 0.48% CO., 1.50% ENGINEERING 0.48% GLOBAL 1.49% TRADING 0.48% INVESTMENTS 1.48% HEALTH 0.48% ASSOCIATES 1.47% IT 0.48% DEVELOPMENTS 1.35% GLOBAL 0.45% MEDIA 1.33% ASSOCIATES 0.41% IT 1.31% D 0.41% BUILDING 1.29% R 0.41% M 1.22%
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 777 265,608 62020 - Information technology consultancy activities 118 30,178 96090 - Other service activities not elsewhere classified 99 29,009 82990 - Other business support service activities not elsewhere classified 98 58,068 70229 - Management consultancy activities other than financial management 93 42,290 99999 - Dormant Company 82 48,509 86900 - Other human health activities 75 12,976 69201 - Accounting and auditing activities 51 7,528 86101 - Hospital activities 43 4,366 74909 - Other professional, scientific and technical activities not elsewhere classified 43 19,049 43390 - Other building completion and finishing 39 5,931 88990 - Other social work activities without accommodation not elsewhere classified 34 4,756 62090 - Other information technology service activities 34 12,837 74990 - Non-trading company 31 13,984 43220 - Plumbing, heat and air-conditioning installation 31 5,189 43210 - Electrical installation 30 5,985 41100 - Development of building projects 29 11,397 49410 - Freight transport by road 29 10,842 43999 - Other specialised construction activities not elsewhere classified 28 8,761 41202 - Construction of domestic buildings 27 7,559
Recent Companies
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Randomly selected companies from this quarter
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