04/2020

Startups in EdinburgH

Startups in Edinburgh followed by The Mailing Company across all sectors and tracked against national statistics for new businesses.

STARTUPS Born Last Month

470

Amazingly, the number of new businesses created stayed exactly the same at 470 between February and March.

The Scottish capital Edinburgh has long been recognised as the powerhouse of the Scottish economy and is one of the most prosperous parts of the UK, coming second only to London in average gross annual earnings per resident.

As it is at the centre of the Scottish government and legal system, many government departments and public sector agencies have chosen to locate their headquarters in Edinburgh, providing a wide range of public sector employment opportunities. The two largest employers within the city are the National Health Service and the City of Edinburgh Council.

A major centre for the banking industry, Edinburgh is ranked as the second largest financial centre in the UK (after the City of London) and the fourth in Europe. Other significant industries in the area include technology and software which employs an estimated 17,136 people in the area, and tourism which supports 30,000 jobs within the city, generating annual revenue of around £1.16 billion.

Edinburgh Startups by Industry Classification

Measuring the top 25 most popular standard industry classifications in Leeds for recent newly founded companies. Change indicators show percentage difference between the two periods displayed for actual numbers recorded.
SectorMarchFebruary
Other letting and operating of own or leased real estate33 33
Other service activities n.e.c.21 21
Buying and selling of own real estate19 19
Retail sale via mail order houses or via Internet17 17
Take-away food shops and mobile food stands17 17
Management consultancy activities other than financial management17 17
Licensed restaurants16 16
Other business support service activities n.e.c.13 13
Unlicensed restaurants and cafes12 12
Business and domestic software development12 12
Other holiday and other collective accommodation11 11
Hairdressing and other beauty treatment11 11
specialised design activities9 9
Other food services9 9
Management of real estate on a fee or contract basis9 9
Information technology consultancy activities9 9
Development of building projects7 7
Other information technology service activities7 7
Dormant Company7 7
Public houses and bars6 6
Specialists medical practice activities6 6
Residents property management6 6
Financial intermediation not elsewhere classified5 5
Advertising agencies5 5
Other human health activities5 5

Top EDINBURGH Startup Sectors

It’s easier to group SIC codes to get a higher level explanation of the startup ecosystem.  The change indicators are how far Edinburgh statistics differ from national averages for the same period.  These figures represent the percentage of all startups, nationally or locally, that fall into each particular category (NB: so when comparing Edinburgh to National, you’re looking at the proportional difference not absolute)
Top 15 Startup Sectors in Edinburgh
Food & Beverage Service12.72% ▲74%
Real Estate11.45% ▼-6%
Retail8.11% ▲3%
Other Professional Services6.36% ▲5%
Construction5.72% ▼-47%
Other Support Activity3.50% ▲9%
Other Services3.34% ▲10%
Wholesalers & Agents3.18% ▼-21%
Financial Services3.18% ▼-3%
Software Publishing & Development2.86% ▲58%
Management Consulting2.70% ▼-28%
Health & Medical Services2.54% ▼-3%
Education2.38%
Transportation2.23% ▼-47%
The Arts2.23% ▲56%
Top 15 National Startup Sector Activities
Real Estate12.12%
Construction10.88%
Retail7.90%
Food & Beverage Service7.29%
Other Professional Services6.06%
Transportation4.22%
Wholesalers & Agents4.02%
Management Consulting3.77%
Financial Services3.29%
Other Support Activity3.22%
Other Services3.04%
Health & Medical Services2.61%
Education2.38%
Motor Trade1.92%
IT Consultancy1.82%
Startups Analysed By Industry

Director Profiles

Honorific Titles

Percentage frequency of different titles used by directors starting companies in the period. We can reasonably assume that the majority of “Mr” are male, and “Miss,Ms or Mrs” are female, thereby giving us a male / female ratio of .

M/F Ratio

1:1

Mr60.89%
Unknown11.95%
Mrs11.18%
Ms6.17%
Miss5.78%
Dr3.47%
The Rt Honourable0.39%
Sir0.19%

Age & EXPERIENCE

These are the approximate age ranges for the directors who are involved with the companies started in the period, along with the average number of directorships held when they started their new business.

31-4030.83%
41-5028.52%
51-6017.73%
21-3015.41%
Over 606.94%
Under 210.58%

Experience

The average number of active directorships held by this sample is 1.24 (nationally for the same period it’s 1.27)
Sample Size

199

Data prepared by The Mailing Company – providing continuous, targeted automated direct mail.