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What businesses are starting up in the recession?

04/11/2010 by John Turtle

What are the trends in the type of new businesses that are starting up in the recession?

To answer the question The New Business Data Company (NBD), a division of data8, which daily captures and validates details of new businesses starting up, have released, for the first time, a snap shot of what types of companies have set up in the last three quarters of 2010.

The Food, Retail and Wholesale sector, as a whole, saw a growth with a decline in the number of start ups in the Services – Business and Consumer, and the Travel & Leisure sectors. See table 1.

Type of Business Start Up
Quarters 1-3 2010
Qtr 1 Qtr 2 Qtr 3 Total
Agriculture and Mining 0% 0% 0% 0%
Construction 4% 3% 3% 3%
Educational Activities 1% 1% 1% 1%
Finance 2% 2% 2% 2%
Food, Retail and Wholesale 28% 31% 34% 31%
Government and Infrastructure 1% 1% 1% 1%
Manufacturing 3% 2% 2% 2%
Miscellaneous 7% 7% 6% 7%
Services - Business and Consumer 35% 33% 31% 33%
Travel and Leisure 13% 11% 10% 11%
Utilities 1% 0% 1% 1%
Grand Total 100% 100% 100% 100%
Table 1
© The New Business Data Company Ltd

Although Public Houses, Bars and Inns represent over a quarter of the catering businesses set up, they also show a declining trend, dropping by 17% from January to September 2010. See table 2.

Type of Catering Start Up
Quarters 1-3 2010
Qtr 1 Qtr 2 Qtr 3 Total
Cafes & Tea rooms 13% 15% 17% 15%
Coffee Shops 3% 4% 5% 4%
Fish & Chip Shops 4% 5% 6% 5%
Hotels 4% 3% 3% 3%
Internet Cafes 2% 1% 1% 1%
Public Houses, Bars & Inns 32% 22% 23% 26%
Restaurants 20% 24% 22% 22%
Take Away Food Shops 16% 18% 15% 16%
Wine Bars 1% 1% 0% 1%
Other 5% 7% 8% 7%
Grand Total 100% 100% 100% 100%
Table 2
© The New Business Data Company Ltd

The one area that has shown sustained growth is Cafes and Tea Rooms with a 46% growth in the same period. Within the restaurant sector the biggest area is India restaurants starting up, they have also shown growth over the three quarters.

Antony Allen, managing director (NBD), commented "We supply data about new business start ups to many companies and the statistics are a by product of our efforts. We will be producing these statistics on a regular basis to give industries an insight into how their industry is changing as new entrants join their market in the recession."

All the data is validated by a team of researchers and NBD say they can supply additional information such as the manager/decision maker of the business, email addresses and if the company has a website. They also say that the data is segmented into new businesses, change of ownership, new branches of an existing businesses or business relocation.

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