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

Analysis Report: Economic and Business Activity in Castle Point


The economic landscape of Castle Point is characterised by a diverse range of sectors, with a notable concentration in Construction, Professional, Scientific, and Technical activities. The total employment stands at 21,874, indicating a vibrant local economy. The city shows a promising employee growth rate of 6.50% and a healthy number of new companies (912) over the past two years, reflecting dynamic business activities.

Employment and Business Growth

  • Total Employees: Castle Point employs 21,874 individuals. The 6.50% growth rate in employment suggests a robust job market, likely driven by the top sectors.
  • Top Sectors by Company Numbers: Construction (20.71%), Professional/Scientific/Technical (12.10%), and Wholesale/Retail Trade (10.71%) dominate the local economy, showcasing a diversified industrial base.
  • Top Sectors by Growth: Sectors such as ‘Analytics, Insight, Tools’, and ‘Software-as-a-Service (SaaS)’ are emerging as new growth areas, though they currently represent a smaller portion of the overall business landscape.

Business Continuity

  • Company Cessations: The data does not directly indicate the number of company cessations, but the presence of 6,462 companies with a substantial addition of 912 new companies in the last two years suggests a dynamic and growing business environment.

Sector Dynamics

  • Total Companies: There are 6,462 companies in Castle Point, indicating a thriving business ecosystem.
  • New Companies (2 Years): 912 new companies were established in the past two years, demonstrating significant entrepreneurial activity and business confidence.
  • Scaleups: The presence of 22 scaleups reflects a nurturing environment for business growth and development.
  • SMEs and Exporters: With 5,162 SMEs and 75 exporters, the local economy is supported by small and medium enterprises, some of which are engaged in international trade.
  • Foreign Parent Companies: 18 companies with foreign parentage indicate international business interest and investment in the region.

Innovation and Growth Potential

  • Fundraisings and Patents: 2 fundraising events and 20 patent owners suggest modest but present innovation activities.
  • Grantees: The presence of a single grantee indicates limited but existent support for research and development.

Diversity in Leadership

  • Founders’ Gender: Founders are 36.36% female and 63.64% male, showing a gender gap in entrepreneurship.
  • Directors’ Gender: Female directors constitute 26.87% of the total, while male directors are at 70.35%, indicating a similar gender disparity in leadership roles.


Castle Point exhibits a robust and diverse economic environment, marked by strong employment growth and a dynamic business sector. The dominance of construction and technical sectors, combined with emerging areas like SaaS, paints a picture of a balanced economy. However, there is a notable gender gap in entrepreneurship and leadership roles. The innovation landscape, while present, shows potential for further growth.

Company foundations and cessations over time

Active companies over time

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