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

Analysis Report: Economic and Business Activity in Isle of Man


The Isle of Man presents a unique economic landscape, predominantly led by professional, scientific, and technical activities. With a total of 608 employees across various sectors, the region shows a balanced distribution of industries, although there is a significant lean towards specific sectors like information and communication, and construction. The absence of IPOs and a modest employee growth rate of 4.26% indicate a stable, yet cautiously growing economy. The gender distribution in founder and director roles reveals a notable gender imbalance, favoring male representation.

Employment and Business Growth

  • Total Employees: 608 employees. The Isle of Man’s workforce is concentrated in sectors like professional, scientific, and technical activities, which dominate the landscape with 77 companies. The employee growth rate of 4.26% suggests a steady, albeit slow, increase in employment opportunities.
  • Top Sectors by Company Count: Professional, scientific, and technical activities lead with 48.73%, followed by information and communication (4.43%), and construction (4.43%). This distribution underscores the region’s focus on knowledge-based and technical industries.
  • Scale-Ups: With only 1 scale-up reported, it indicates a relatively low level of high-growth companies, which might reflect the region’s conservative business expansion trends.

Business Continuity

  • Company Cessations: The data indicates a total of 52 company cessations and 5 deaths in the business sector. This could reflect challenges in sustainability or market competitiveness within certain sectors.
  • Company Formations: 32 new companies have been formed in the last two years, and 28 are small and medium-sized enterprises (SMEs), highlighting an entrepreneurial spirit and the potential for new market entrants.
  • Exporters and Foreign Parent Companies: 7 exporters and no foreign parent companies suggest a limited but present engagement in international trade, with a focus on domestic market operations.

Gender and Age Diversity in Leadership

  • Founders’ Gender: 100% male founders indicate a significant gender gap in entrepreneurial activity.
  • Directors’ Gender: 85.81% male and 12.16% female directors, with a small percentage (2.03%) unknown. This further highlights the gender imbalance in leadership positions.
  • Age Distribution of Directors: The majority (61.15%) of directors are over 60 years old, with smaller representations in younger age brackets. This suggests a leadership landscape skewed towards more experienced, older individuals.


The Isle of Man’s economic and business activities showcase a strong inclination towards technical and professional sectors, with a stable but modest growth in employment. The region faces challenges in gender diversity in entrepreneurship and leadership roles, as well as in fostering high-growth scale-ups. The dominance of older individuals in directorial roles points to a potential need for younger leadership infusion. Overall, the Isle of Man exhibits a conservative, yet steady economic environment with room for increased diversity and innovation.

Company foundations and cessations over time

Active companies over time

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