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

Analysis Report: Economic and Business Activity in Haringey

Overview

Haringey’s economy exhibits a robust mix of sectors, with significant representation in professional, scientific, technical activities, real estate, and wholesale/retail trade. Despite not having any recent IPOs, the borough shows a healthy 8.92% employee growth. The presence of 38 scaleups indicates a dynamic business environment. Gender diversity in leadership roles is moderate, with female founders and directors constituting over a quarter of the total.

Employment and Business Growth

  • Total Employees: 55,775. The borough has witnessed a significant rise in employment, reflected in an 8.92% growth. This suggests strong economic health and potential for future expansion.
  • Companies with Employee Growth: 71. This number indicates an active business environment where a notable proportion of companies are expanding their workforce.

Sector Dynamics

  • Top Sectors: Dominated by professional, scientific, and technical activities (14.68%), followed closely by real estate (13.96%) and wholesale/retail trade (13.78%). The diversity of sectors indicates a balanced and resilient economy.
  • Sectors with Rising Company Numbers: Analytics, internet platforms, and food/drink processors are among the sectors showing growth, suggesting innovation and adaptation to contemporary economic trends.

Business Continuity

  • Company Cessations: 3,839. This number, while notable, needs to be viewed in the context of the total number of companies and the number of new companies.

Scaleups and Innovation

  • Number of Scaleups: 38. Haringey’s environment is supportive of business scaling, indicating a healthy ecosystem for growth.
  • Number of Patent Owners: 10. This relatively low number suggests limited activity in high-tech innovation.

Diversity and Inclusion

  • Female Founders: 26.55%. This percentage, while promising, highlights the need for more female entrepreneurship.
  • Female Directors: 27.56%. Similar to founders, this indicates a moderate but growing presence of women in leadership roles.
  • Age Distribution of Directors: A balanced spread across age groups, with a notable presence in the 40-50 range (28.75%).

Conclusion

Haringey’s economic landscape is characterised by a diverse sectoral presence, moderate growth in employment, and an encouraging environment for business scaleups. While the area shows promise in gender diversity in leadership roles, there is room for improvement, especially in fostering high-tech innovation.

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