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

Analysis Report: Economic and Business Activity in Camden

Overview

Camden, a bustling hub of economic activity, demonstrates a dynamic mix of industries and a robust employment landscape. With 917,685 employees and a significant presence in sectors like wholesale/retail trade, information and communication, and professional services, Camden’s economy is diverse and thriving. The area shows a healthy mix of established companies and emerging sectors, highlighted by its impressive number of start-ups and scale-ups.

Employment and Business Growth

  • Total Employees: Camden’s workforce totals 917,685, with a notable increase of 10,091 employees, indicating a vibrant job market.
  • Employee Growth: The employee growth percentage of 13.57% signifies a strong and expanding labor market, reflecting Camden’s economic vitality.
  • Top Sectors by Employment: Wholesale/retail trade, information and communication, and professional services are dominant, indicating a diversified economic base.
  • Rising Sectors: Sectors like internet platforms and SaaS are emerging, demonstrating Camden’s adaptability to new technological trends.
  • Scale-ups: With 489 scale-ups, Camden shows a significant capacity for nurturing high-growth companies.

Business Continuity

  • Company Cessations: Camden has a substantial number of company cessations, with 25,004 reported. This figure indicates a dynamic business environment with ongoing churn.
  • New Companies in 2 Years: The area has witnessed the emergence of 66,516 new companies over two years, highlighting its entrepreneurial spirit.
  • Small and Medium Enterprises (SMEs): There are 80,847 SMEs, forming the backbone of Camden’s economy.
  • Exporters: The presence of 1,893 exporters suggests international business ties and global market involvement.
  • Companies with Foreign Parent: 6,367 companies have foreign parentage, indicating Camden’s global business appeal.

Demographics and Innovation

  • Female Founders: 17.27% of companies have female founders, suggesting room for improvement in gender diversity.
  • Male Founders: 80.88% of founders are male, dominating the entrepreneurial landscape.
  • Director Gender Breakdown: Female directors constitute 23.09%, while male directors make up 68.78%, showing a gender disparity in leadership roles.
  • Young Companies with Young Directors: 19,449 companies are led by young directors, signifying a vibrant, youthful entrepreneurial spirit.
  • Patent Owners: With 2,770 patent owners, Camden is a hub of innovation and intellectual property.

Conclusion

Camden’s economy is marked by a strong and diverse workforce, an embrace of technological advancement, and a vibrant entrepreneurial ecosystem. Despite notable company cessations, the high number of new and scaling businesses underscores a resilient and evolving economic landscape. However, there is a need for greater gender diversity in leadership and founding roles. Overall, Camden’s economic health is robust, with promising avenues for future growth.

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