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

Analysis Report: Economic and Business Activity in Newry, Mourne and Down


The economic landscape of Newry, Mourne and Down presents a dynamic mix of sectors, with a total of 47,033 employees. There’s notable growth in certain industries, with a total of 121 companies reporting an increase in their workforce. The data indicates a diverse range of sectors, led by Construction, Wholesale and Retail Trade, and Professional, Scientific, and Technical activities.

Employment and Business Growth

  • Total Employees: 47,033. The region shows a healthy employment rate across various sectors.
  • Employee Growth: 8.48% growth. This indicates a positive trend in job creation.
  • Sectors with the Highest Employment: Construction (17.39%), Wholesale/Retail Trade (15.41%), and Professional Activities (9.49%). These sectors are the backbone of the local economy.
  • Sectors with Rising Employment: Notably, Distribution, Marketing Services, Other Supply Chain, Analytics, Insight, Tools, and Internet Platform are sectors on the rise. This suggests a growing trend in these niche areas.

Sector Dynamics

  • Top Sectors by Number of Companies: Construction (1,596 companies), Wholesale/Retail Trade (1,414), and Professional Activities (871). This diversity reflects a robust and versatile economy.
  • Rising Sectors: Sectors like Internet Platforms and Analytics are showing growth, indicating a shift towards digital and analytical sectors.
  • Total Number of Companies: 9,177. A significant number, highlighting the area’s entrepreneurial spirit.
  • New Companies in Last 2 Years: 953. This demonstrates a vibrant startup ecosystem.
  • SMEs: 6,774. Small and medium enterprises form the bulk of the business landscape.
  • Exporters: 133. This number, though modest, shows international business engagement.
  • Companies with Foreign Parentage: 200. This indicates healthy foreign investment and global connections.

Innovation and Growth

  • Number of IPOs: 0. The absence of IPOs suggests a focus on private and SME sectors.
  • Number of Scale-ups: 55. These businesses are growing and potentially leading the local economy.
  • Patent Owners: 82. A moderate number, indicating some degree of innovation.
  • Grant Recipients: 5. This could be an area for potential growth.

Diversity and Leadership

  • Founders Gender Balance: 21.05% female, 76.32% male. This shows room for improvement in gender diversity among founders.
  • Directors Gender Balance: 25.72% female, 70.47% male. Similar trends are seen in leadership roles.
  • Age Distribution of Directors: The majority are over 40 years old, indicating experienced leadership.

Business Continuity

  • Company Cessations: 655. This figure is significant and warrants attention for potential issues in business sustainability.
  • Young Companies with Young Directors: 334. This suggests a notable presence of young entrepreneurs in the region.


Newry, Mourne and Down’s economic landscape is characterised by a strong mix of traditional and emerging sectors, with a significant SME presence. The region shows promising growth in employment and company formation, though there’s a need for more focus on innovation and diversity in leadership. The prevalence of experienced directors suggests stability, but also points to opportunities for fostering younger leadership.

Company foundations and cessations over time

Active companies over time

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