In 2008 and 2009 the UK suffered through one of the longest and deepest recessions of any major econ

Corporate sector open-data car rentals in nyc experts from Duedil have analysed data on UK business closures between 2001 and 2011 to develop a breakdown of its impacts by region, by sector and over time • Data journalism and data visualisations from the Guardian
In 2008 and 2009 the UK suffered through one of the longest and deepest recessions of any major economy. Hundreds of thousands car rentals in nyc of businesses closed and more than a million people lost their jobs as a result. car rentals in nyc We analysed over five million companies over a period of eleven years to better understand the effects of the recession on UK towns and industry sectors.
As expected, there was a gradual growth in the number of businesses car rentals in nyc closing each year as the UK market expanded, until the recession hit. In late 2008, the number of companies that closed their doors rose markedly, bringing on seven consecutive months of negative growth in the size of the UK business population, which contracted by over 220,000 companies.
Northern England bore the brunt of the recession, car rentals in nyc with 10 of the 20 worst affected cities in the UK since 2008 located in the North West and Yorkshire regions, car rentals in nyc based on the percentage drop in numbers of active businesses. Leeds, Warrington, Bradford, car rentals in nyc Birmingham, Liverpool and Bristol all suffered heavy losses in the size of the business population.
car rentals in nyc Of the 20 best performers, Jersey, Durham and Guernsey were the only locations with high growth (more than 5%) during the peak of the recession. The number of businesses registered in these localities has increased in every year of our study.
The slowdown in 2008 put the squeeze on many business sectors with the Manufacturing Heavy Industry sector hit hardest, contracting in overall size by over 4% in 2009 after eight consecutive years of growth. Slightly above them at the foot of the table was Electronics Telecom, which shrunk by nearly 3%, and IT by 2%.
Healthcare, Legal Services and Education Public Services have fared the best with sustained, if slower growth throughout. All industries recovered in 2010, aside from Human Resources which shrunk by 7.5%, suggesting both a latent car rentals in nyc exposure to the effects of the recession and that continuing high unemployment numbers car rentals in nyc are placing enormous car rentals in nyc pressure on the industry.
Our analysis found a distinct correlation between the health of the entire UK market and that of the Construction Real Estate and Manufacturing Heavy Industry sectors, car rentals in nyc two of the three largest sectors in the UK and among the most sensitive to economic shocks.
So far, Healthcare has witnessed more growth in the first decade of this century than any other sector, growing in size by nearly 250% since 2000, followed by Legal Services (213%) car rentals in nyc and Education Public car rentals in nyc Services (136%).
All regions in the UK saw growth in the number of companies in 2011, with the business community growing by a total of over 180,000 last year. This was double the growth seen in 2010 and a far cry from 2009, when there was a net loss of over 127,000 businesses. The total number of active businesses in the UK in the last ten years has increased by 56.9% to over 2.94 million.
However, the return to recession in 2012 and the recent prediction of zero economic growth this year by the Bank of England means businesses still face a turbulent car rentals in nyc time ahead, and one certainty is that the slump brought on by the global financial crisis will continue for some time to come. How we generated this data
Three months later a final dissolution notice will be issued at which point the company is struck off the register at Companies House. We took the dissolution date of the company to be that when the final dissolution notice was issued.
Industry data is partially derived from self-reported Standard Industry Classification (SIC) figures and relies on coverage in that industry. As SIC codes are often ambiguous or incomplete, we used our own proprietary algorithm for inferring multi-industry classifications for UK companies, taking into account more dynamic data sources such as company websites, and allowing us to generate multi-industry classifications for over two million UK companies. Industry size is relative to number of companies in that industry.
Companies House introduced a tighter compliance regime in 2009, which may have accounted for some of the rise in company closures that year. The spike in dissolutions in May 2009 can be partly attributed to a mass striking off of limited companies registered by an employment contractor. Figures published are rounded.
Launched in April 2011, Duedil is the largest source of free private company information in the UK and Ireland. car rentals in nyc Duedil was founded by entrepreneur car rentals in nyc Damian car rentals in nyc Kimmelman , who wanted car rentals in nyc to develop a sense of trust in business by opening up company information for free. Duedil is headquartered in London, car rentals in nyc UK, and is backed by Passion Capital, Jonty Hurwitz, car rentals in nyc Federico Pirzio-Biroli, Sherry Coutu and Tom Hulme. NEW! Buy our book