Company Registrations, Q2 2017 4 July 2017 There were 1,288 ...

Company Registrations, Q2 2017

4 July 2017

There were 1,288 businesses registered in Buckinghamshire in the second quarter of 2017 (April to June), according to Companies House. There have been 5,338 new businesses registered in the last year, an increase of 737 or 16.2 per cent over the previous 12 months. Only eight of the 38 Local Enterprise Partnerships bettered England’s rate of new company registration, with Buckinghamshire ranking 8th with 30.2 registrations for every 10,000 residents aged 16 or over. Buckinghamshire ranked 3rd among county council areas behind Worcestershire (where 1,909 of 2,819 registrations were from a single post code) and Hertfordshire. South Bucks recorded Buckinghamshire’s highest new registration rate with 51.1 registrations per resident aged 16 or over to rank 21st among the 380 local authority districts in Great Britain. Chiltern also bettered the national rate with a registration rate of 35.2 to rank 46th. Wycombe (379) and Aylesbury Vale (356) saw the highest number of registrations in Buckinghamshire but both with registration rates that rank outside the national top 100. Table 1: Business registration rates, Q2 2017 New Registrations Rate (per 10,000 residents) Aylesbury Vale 356 23.2 Chiltern 266 35.2 South Bucks 287 51.1 Wycombe 379 27.0

Buckinghamshire Buckinghamshire Thames Valley Coast to Capital Enterprise M3 Hertfordshire London Oxfordshire LEP South East Midlands Thames Valley Berkshire England Great Britain

Rank 144 46 21 104

1,288

30.2

3

1,288 4,688 3,414 3,203 51,370 1,102 4,259 2,169

30.2 28.7 25.1 34.2 73.5 19.8 26.9 30.8

8 10 17 5 1 24 12 7

139,749 152,645

31.2 29.5

-

Sources: Companies House, 2017; MYPE, ONS, 2017

Of the 1,288 businesses registered in the second quarter, more than one in ten were business support businesses (142). The next most common types of business were management consultancies (77 new registrations), other personal services, including pet care and dating agencies (60), IT consultancies (59) and letting real estate (49). The geography of new company registration is presented in the map at the end of this bulletin.

Table 2: Local authorities’ business registrations per 10,000 residents (16+), Q2 2017 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50

Local authority Registrations Rate City of London 2,613 3,142.1 Camden 5,413 266.6 Bromsgrove 2,082 261.2 Hackney 5,120 236.2 Westminster 4,622 222.6 Islington 3,668 187.2 Kensington and Chelsea 1,195 91.4 Barnet 2,556 83.9 Redbridge 1,622 70.2 Harrow 1,338 67.7 Tower Hamlets 1,528 62.7 Newham 1,624 61.6 Warrington 1,035 61.2 Poole 747 59.9 Bury 861 57.3 Merton 874 53.8 Watford 404 53.4 Enfield 1,366 53.3 Manchester 2,249 52.0 Wandsworth 1,332 51.4 South Bucks 287 51.1 Hammersmith and Fulham 753 51.0 Hertsmere 417 51.0 Leicester 1,367 50.0 Brent 1,283 49.5 Croydon 1,452 48.8 Ealing 1,282 47.6 Haringey 1,057 47.4 Barking and Dagenham 696 46.4 Southwark 1,154 45.3 Slough 491 44.9 Waltham Forest 956 44.4 Hounslow 943 44.2 Fylde 289 44.0 Richmond upon Thames 667 43.0 Edinburgh, City of 1,786 41.6 Ashford 415 41.4 Hillingdon 947 39.9 Trafford 717 38.7 Luton 635 38.4 Three Rivers 279 37.8 Elmbridge 383 37.3 Brighton and Hove 889 36.5 St Albans 411 36.1 Glasgow City 1,849 35.8 Chiltern 266 35.2 Thanet 399 34.9 Greenwich 762 34.9 Milton Keynes 708 34.8 Windsor and Maidenhead 410 34.6 Sources: Companies House, 2017; MYPE, ONS, 2017

Table 3: New business registrations for every 10,000 residents (16+) by LEP, Q2 2017

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38

LEP Registrations London 51,370 Worcestershire 2,819 Greater Birmingham and Solihull 6,314 Greater Manchester 7,620 Hertfordshire 3,203 Cheshire and Warrington 2,489 Thames Valley Berkshire 2,169 Buckinghamshire Thames Valley 1,288 Dorset 1,887 Coast to Capital 4,688 Leicester and Leicestershire 2,374 South East Midlands 4,259 Black Country 2,475 Swindon and Wiltshire 1,494 Coventry and Warwickshire 1,889 South East 8,557 Enterprise M3 3,414 West of England 2,169 Liverpool City Region 2,877 Solent 2,997 Lancashire 2,645 Greater Cambridge & Greater Peterborough 2,428 Leeds City Region 5,019 Oxfordshire LEP 1,102 Gloucestershire 977 Tees Valley 980 Derby, Derbyshire, Nottingham and Nottinghamshire,3,048 Sheffield City Region 2,531 D2N2 1,563 Humber 1,171 Stoke-on-Trent and Staffordshire 1,411 New Anglia 2,067 North Eastern 2,453 Greater Lincolnshire 1,307 The Marches 822 Cornwall and the Isles of Scilly 678 Heart of the South West 1,994 Cumbria 526

Rate 73.5 58.7 39.7 34.4 34.2 32.9 30.8 30.2 29.2 28.7 28.4 26.9 26.6 26.3 25.5 25.3 25.1 23.4 22.9 22.7 21.9 20.9 20.5 19.8 19.1 18.1 17.1 16.7 16.3 15.4 15.3 15.3 15.1 14.8 14.8 14.7 13.9 12.6

Sources: Companies House, 2017; MYPE, ONS, 2017