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

Analysis Report: Economic and Business Activity in Ashfield


Ashfield showcases a diverse economic landscape with significant activities across various sectors. The dominance of wholesale and retail trade, alongside a robust presence in construction and professional services, indicates a balanced economic mix. The city’s healthy business environment is further evidenced by a substantial number of employees and companies, including small and medium enterprises (SMEs) and exporters.

Employment and Business Growth

  • Total Employees: 52,321 employees in Ashfield represent a dynamic workforce. The 14.02% employee growth rate signifies a robust upward trend in job creation, indicative of economic vitality.
  • Top Sectors by Company Number: Wholesale/retail trade and construction lead with 688 and 653 companies, respectively. This diversity supports resilience against sector-specific downturns.
  • Top Sectors by Company Growth: Sectors like e-commerce and internet platforms, though small in number, are emerging as significant growth areas, suggesting a shift towards digital economies.

Sector Dynamics

  • Top Sectors by Presence: The leading sectors by company presence are wholesale/retail trade (15.7%), construction (14.91%), and professional services (10.59%). This distribution highlights Ashfield’s multifaceted industrial base.
  • Top Sectors by Growth: Notably, sectors such as other retail, e-commerce, and internet platforms, although small in absolute numbers, represent areas of high growth potential.
  • Total Companies: Ashfield hosts 4,381 companies, a healthy indicator of its business-friendly environment.
  • New Companies in 2 Years: The addition of 1,351 companies over two years underscores a vibrant entrepreneurial spirit and business formation rate.
  • SMEs and Scaleups: With 3,098 SMEs and 41 scaleups, Ashfield demonstrates a strong foundation of small businesses with potential for significant growth.
  • Exporters and Foreign Parent Companies: The presence of 164 exporters and 75 companies with foreign parentage shows Ashfield’s integration into the global market.

Business Continuity

  • Company Cessations: The absence of IPOs and the relatively high number of company closures (463) in recent years suggest challenges in sustaining long-term business growth and necessitate strategies to enhance business longevity.


Ashfield’s economy is characterized by a diverse industrial base with significant activities in trade, construction, and professional services. The growth in employment and emergence of sectors like e-commerce indicate a transitioning economy. However, the challenges in sustaining business growth and a skewed gender representation in company leadership point to areas needing attention for balanced and inclusive economic development.

Company foundations and cessations over time

Active companies over time

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