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The information is accurate as of 31 December 2022.
Data courtesy of Beauhurst.

Analysis Report: Economic and Business Activity in Armagh City, Banbridge and Craigavon


Armagh City, Banbridge and Craigavon showcase a dynamic economic landscape with a notable presence in sectors like wholesale, retail trade, and construction. The region employs 78,952 individuals, indicating a healthy employment scenario. The region’s diversity in sectors, from professional activities to manufacturing, reflects a balanced economic structure. Notably, there’s a significant presence of young directors, implying a youthful entrepreneurial spirit.

Employment and Business Growth

  • Total Employees: 78,952. The region has witnessed an employee growth rate of approximately 10.17%, showcasing robust economic development. The presence of 65 scaleups indicates a fertile ground for growing businesses.
  • Top Sectors by Company Count: Wholesale and retail trade (1,253 companies, 16.25%), Construction (1,106 companies, 14.34%), and Professional activities (728 companies, 9.44%) are the leading sectors. This diversity underlines a resilient and multi-faceted economic base.
  • Sectors with Most Growth: Fashion and Apparel and Jewellery, though small in number, indicate emerging niche markets.

Business Continuity

  • Company Cessations: The data indicates 5295 company cessations, which may reflect on business challenges or economic shifts in the region.
  • New Companies (2 Years): 908 new companies in the last two years show a steady influx of new business ventures, reinforcing the region’s economic vitality.

Entrepreneurship and Innovation

  • Patent Owners and Fundraisings: With 7 patent owners and 72 fundraisings, the region displays a modest level of innovation and investment activity.
  • Gender Diversity in Leadership: Founders and directors show a gender split with 22.64% female founders and 25.04% female directors, indicating a progressive but still room for improvement in gender diversity in leadership roles.
  • Young Companies with Young Directors: A noteworthy 32.6% of companies have young directors, suggesting a vibrant, youthful entrepreneurial scene.


Armagh City, Banbridge and Craigavon’s economic landscape is characterized by a strong mix of traditional and emerging sectors, a healthy rate of new business formation, and an encouraging sign of youth-led entrepreneurship. However, the high number of company cessations and the need for greater gender diversity in leadership are areas that require attention for sustainable economic growth.

Company foundations and cessations over time

Active companies over time

The information is accurate as of 31 December 2022.
Data courtesy of Beauhurst.