Salford, Greater Manchester

Q1 2014 Business Confidence Report

Headlines

  • Q1 2014 saw a new record in company registrations in Salford when compared to any previous Q1.
  • February 2014 saw a new record in company registrations in Salford when compared to any previous February.
  • February 2014 saw a new record in company closures in Salford when compared to any previous February.

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 Salford when compared to any previous Q1.

    A total of 209 companies were registered in Salford during the first quarter of 2014 (Jan 2014 - Mar 2014).

    This figure is an increase of 10.0% versus the same period last year (Q1 2013). This figure compares equally 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)SalfordUK
    2014209150,722
    2013190134,802
    % change10.0%11.8%
    Record Year 2014 (209) 2007 (166,814)
    New Companies by Quarter
  2. Monthly Data (Jan, Feb & Mar 2014)

    February 2014 saw a new record in company registrations in Salford when compared to any previous February.

    New Companies by Month
    JanuaryFebruaryMarch
    New companies in 2014538076
    New companies in 2013616762
    % change-13.1%19.4%22.6%
    Record Year2012 (68)2014 (80)2007 (90)

Closed Companies (dissolved)

  1. Quarterly Data (Q1 Jan-Mar 2014)

    A total of 142 companies were dissolved in Salford during the first quarter of 2014 (Jan 2014 - Mar 2014).

    This figure is an increase of 54.3% versus the same period last year (Q1 2013). This figure compares poorly 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)SalfordUK
    201414282,370
    20139277,914
    % change54.3%5.7%
    Record Year 2014 (142) 2009 (108,066)
    Dissolved Companies by Quarter
  2. Monthly Data (Jan, Feb & Mar 2014)

    February 2014 saw a new record in company closures in Salford when compared to any previous February.

    Dissolved Companies by Month
    JanuaryFebruaryMarch
    Closed companies in 2014385549
    Closed companies in 2013293429
    % change31.0%61.8%69%
    Record Year2011 (45)2014 (55)2009 (95)

Net Company Growth

  1. Quarterly Data (Q1 Jan-Mar 2014)

    Net company growth for Salford during the first quarter of 2014 (Jan 2014 - Mar 2014) was 67 companies.

    first quarter (Jan 2014 - Mar 2014)SalfordUK
    20146768,352
    20139856,888
    Record Year 2007 (123) 2007 (111,282)
    Net Growth by Quarter
  2. Monthly Data (Jan, Feb & Mar 2014)

    Net Growth by Month
    JanuaryFebruaryMarch
    Net growth in 2014152527
    Net growth in 2013323333
    Record Year1997 (39)2004 (47)2007 (69)

UK Company Share

  1. Quarterly Data (Q1 Jan-Mar 2014)

    In the first quarter of 2014, Salford formed 0.1% of all UK companies.

    first quarter (Jan 2014 - Mar 2014)Salford
    20140.1%
    20130.1%
    20120.2%
    20110.1%
    20100.1%
    Record Year (since 1960) 1997 (0.3%)
    Company Share by Quarter
  2. Monthly Data (Jan, Feb & Mar 2014)

    Company Share by Month
    JanuaryFebruaryMarch
    UK formation share in 20140.1%0.2%0.1%
    UK formation share in 20130.1%0.2%0.1%
    % change-18.7%10.3%2.3%
    Record Year1997 (0.3%)1996 (0.3%)1997 (0.3%)

Director Age

  1. Quarterly Data (Q1 Jan-Mar 2014)

    The average age of a director in the first quarter of 2014 was 41.7.

    The percentage of directors under the age of 25 was 2.2% compared to the UK figure of 4.6%.

    The percentage of directors over the age of 65 was 3.9% 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 Salford was in 2008 when 25.6% of all directors were female.

    19.3% of all director appointments in Salford 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
    CONSULTING1.69%CONSULTING5.22%
    CONSULTANCY1.29%MANAGEMENT4.67%
    PROPERTIES0.97%CONSULTANCY3.49%
    TRADE0.89%PROPERTY2.64%
    MANCHESTER0.89%TRADING2.05%
    MEDIA0.81%LONDON1.88%
    MANAGEMENT0.81%ENGINEERING1.86%
    SECURITY0.73%CARE1.79%
    CONSULTANTS0.73%CONSTRUCTION1.75%
    TRANSPORT0.73%DESIGN1.75%
    SALFORD0.65%CONSULTANTS1.73%
    MARKETING0.56%BUSINESS1.71%
    TRADING0.56%PROPERTIES1.60%
    PROPERTY0.56%INVESTMENTS1.60%
    BUSINESS0.56%GLOBAL1.58%
    HOUSE0.56%J1.48%
    ESTATES0.56%ASSOCIATES1.48%
    IT0.56%MEDIA1.48%
    SOFTWARE0.48%IT1.33%
    DISTRIBUTION0.48%TRANSPORT1.30%
    DESIGN0.48%DEVELOPMENTS1.29%
    FINANCE0.48%BUILDING1.24%
    MEDICAL0.48%M1.21%
    ENTERPRISES0.40%CAPITAL1.20%
    CARE0.40%ELECTRICAL1.19%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied559280,210
    99999 - Dormant Company7247,084
    74909 - Other professional, scientific and technical activities not elsewhere classified6518,491
    70229 - Management consultancy activities other than financial management6337,882
    82990 - Other business support service activities not elsewhere classified4356,411
    96090 - Other service activities not elsewhere classified3726,700
    74990 - Non-trading company3114,135
    47910 - Retail sale via mail order houses or via Internet259,358
    62090 - Other information technology service activities2112,813
    68209 - Other letting and operating of own or leased real estate209,284
    62020 - Information technology consultancy activities1927,750
    86900 - Other human health activities1710,273
    96020 - Hairdressing and other beauty treatment166,236
    68100 - Buying and selling of own real estate145,920
    56103 - Take-away food shops and mobile food stands137,300
    56302 - Public houses and bars125,732
    56290 - Other food services123,980
    47190 - Other retail sale in non-specialised stores113,558
    41100 - Development of building projects119,855
    64999 - Financial intermediation not elsewhere classified115,537

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    08873982 MCC MEDICAL SOLUTIONS LTD 03 Feb 2014
    08896091 MEDIA ELEMENT (UK) LTD 14 Feb 2014
    08899316 HM INTERIORS LIMITED 18 Feb 2014
    08907523 BORTH DESIGN LIMITED 24 Feb 2014
    08917172 NIXON CATHODIC PROTECTION SERVICES LTD 28 Feb 2014
    08872724 SUPERIOR ZONE SERVICES LIMITED 03 Feb 2014
    08873109 QUAMFUS LIMITED 03 Feb 2014
    08883521 PANDSVILLE LIMITED 10 Feb 2014
    08912319 AIKOTEHNIC LTD 26 Feb 2014
    08873092 LA CREPE BOUTIQUE LTD 03 Feb 2014
    08873137 AZOOKI LIMITED 03 Feb 2014
    08877379 FAISAL COLLECTION LTD 05 Feb 2014
    08879737 GET CAKES AND SWEETS LIMITED 06 Feb 2014
    08895134 GLOBAL BARGAIN LTD 14 Feb 2014
    08897370 MANCHESTER SIGNS CENTRE LTD 17 Feb 2014
    08901670 DEANFORTH LTD 19 Feb 2014
    08906739 PARKVIEW TRADERS LIMITED 21 Feb 2014
    08908128 STAPLE SOLUTION LIMITED 24 Feb 2014
    08909424 E-LINK ENTERPRISES LTD 25 Feb 2014
    08911106 DANESCROFT CONSULTANCY LTD 25 Feb 2014
    08913899 M P GARAGE LTD. 26 Feb 2014
    08915506 LIMITLESS FAITH 27 Feb 2014
    08874348 METTE SOL SOFTWARE LTD 04 Feb 2014
    08882620 FIRE & SECURITY DISTRIBUTION LTD 07 Feb 2014
    08905802 RED DOOR MUSIC MANAGEMENT LIMITED 21 Feb 2014