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

Analysis Report: Economic and Business Activity in Perth and Kinross

Overview

The Perth and Kinross local council area exhibits a dynamic economic landscape. With 73,962 employees and a diverse range of sectors, the area demonstrates significant activity in professional, scientific, technical, and construction sectors. The presence of a robust SME base and a balanced gender representation in business leadership positions further enhance its economic profile.

Employment and Business Growth

  • Total Employees: Perth and Kinross employs 73,962 individuals. The region has seen a rise in employment with 33 sectors experiencing growth.
  • Employee Growth Rate: The employee growth rate stands at 8.71%, indicating a healthy and expanding job market.
  • Top Sectors: The leading sectors by company count are Professional, Scientific, and Technical Activities (993 companies), Wholesale and Retail Trade/Repair of Motor Vehicles and Motorcycles (802 companies), and Construction (782 companies).
  • Sectors with Most Growth: Sectors showing notable growth include Legal Services, Educational Services, Property/Land Development and Construction, Agriculture and Farming, and Clothing.

Business Continuity

  • Company Cessations: There have been 545 company cessations, a figure that needs to be understood in the context of new company formations and overall business health.
  • Number of Companies: The total number of companies in Perth and Kinross is 6,609.
  • New Companies (Last 2 Years): 1,356 new companies have been established in the last two years, suggesting a vibrant startup environment.
  • Small and Medium Enterprises (SMEs): SMEs form the backbone of the economy with 4,941 entities, underscoring the region’s entrepreneurial spirit.
  • Exporters and Foreign Parent Companies: The area hosts 126 exporters and 102 companies with foreign parentage, indicating international business ties.

Leadership and Innovation

  • Gender Representation in Founders and Directors: Female founders represent 17.28%, while male founders account for 81.48%. Female directors comprise 28.95%, and male directors 65.14%.
  • Young Companies with Young Directors: 220 companies are characterised by young leadership, highlighting a trend towards youthful entrepreneurship.
  • Innovation Indicators: The region is home to 85 patent owners and 7 grantees, signaling a moderate level of innovation activity.

Conclusion

Perth and Kinross display a robust and diverse economic environment with significant growth in employment and business sectors. The region shows a promising trend in entrepreneurship and innovation, supported by a healthy mix of SMEs and companies with international ties. The gender balance in leadership roles, although skewed towards males, shows a considerable female presence, contributing to a diverse business landscape.

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