Business Demographics and Survival Rates, Borough

<p>Data on enterprise births, deaths, active enterprises and survival rates across boroughs.</p> <p>Data includes:</p> <ol> <li>the most recent annual figures for enterprise births and deaths</li> <li>a time series of the number of births and deaths of entrprises together with a percentage of births and deaths to active enterprises in a given year</li> <li>a time series of the number of active enterprises.</li> <li>survival rates of enterprises for up to 5 years after birth</li> </ol> <p>Notes and definitions:</p> <ul> <li>The starting point for business demography is the concept of a population of active businesses in a reference year (t).&nbsp;These are defined as businesses that had either turnover or employment at any time during the reference period.</li> <li>A birth is identified as a business that was present in year t, but did not exist in year t-1 or t-2.&nbsp;Births are identified by making comparison of annual active population files and identifying those present in the latest file, but not the two previous ones.</li> <li>A death is defined as a business that was on the active file in year t, but was no longer present in the active file in t+1 and t+2.&nbsp;In order to provide an early estimate of deaths, an adjustment has been made to the 2007 and 2008 deaths to allow for reactivations.&nbsp;These figures are provisional and subject to revision.</li> </ul> <p>Data on&nbsp;size of firms (micro-business, SME, large) for business and employees in London by industry can be found on the <a href="http://www.ons.gov.uk/ons/rel/regional-trends/london-analysis/index.html" target="_blank">ONS website</a>.</p> <p>More Business Demographics data on the <a href="http://www.ons.gov.uk/ons/publications/all-releases.html?definition=tcm%3A77-21553" target="_blank">ONS website</a> </p>