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3 July 2006 : Column 850W—continued


2000 2001 2002 2003 2004

Inner London

20,045

17,870

17,680

19,635

19,235

City of London

1,460

1,085

1,045

1,090

1,120

Camden

2,215

1,870

1,900

2,035

1,995

Hackney

1,155

1,015

1,030

1,075

975

Hammersmith and Fulham

1,015

995

940

965

1,065

Haringey

970

880

830

895

905

Islington

1,365

1,190

1,230

1,240

1,310

Kensington and Chelsea

1,225

940

1,095

1,160

1,175

Lambeth

845

1,000

875

900

1,025

Lewisham

605

605

595

600

625

Newham

575

530

545

650

635

Southwark

1,100

955

975

1,085

1,080

Tower Hamlets

1,095

935

970

1,110

1,045

Wandsworth

1,195

1,115

1,115

1,235

1,350

Westminster

5,225

4,765

4,535

5,590

4,930

Outer London

16,360

15,390

15,365

16,270

16,225

Barking and Dagenham

370

320

320

360

355

Barnet

2,045

1,760

1,700

1,635

1,610

Bexley

590

620

540

570

535

Brent

1,175

1,090

1,030

1,160

1,150

Bromley

955

965

950

985

995

Croydon

960

945

985

1,070

945

Ealing

1,195

1,150

1,185

1,315

1,295

Enfield

900

820

845

900

905

Greenwich

530

490

485

515

560

Harrow

945

915

920

1,045

1,205

Havering

650

640

620

620

600

Hillingdon

865

760

845

850

870

Hounslow

825

815

800

855

845

Kingston upon Thames

625

600

595

575

630

Merton

770

690

640

720

700

Redbridge

860

795

770

850

815

Richmond upon Thames

955

890

995

1,010

985

Sutton

505

505

490

540

535

Waltham Forest

650

630

650

685

695


Kate Hoey: To ask the Secretary of State for Trade and Industry, pursuant to the answer of 19 June 2006, Official Report, column 1576W, on the Business Review, how he plans to ensure that the information on companies' relationships with suppliers will be comparable (a) between companies and (b) over time. [80697]

Margaret Hodge: As clause 399 (4) of the Company Law Reform Bill sets out, the Business Review is required to be a balanced and comprehensive analysis of the company's business consistent with the size and complexity of the business. There is no explicit requirement for companies to report on their relationships with suppliers. Where reporting on relationships with suppliers is necessary for an understanding of the development, performance or position of the company's business, it will be for the directors to consider what type of information to include in their review. The purpose of the Business Review is to inform members of the company and help them assess how the directors have performed their duty under clause 158 (duty to promote the success of the company). The statutory provisions therefore set out the framework of the Business Review, but it is for directors of each company to determine its content according to the circumstances of the particular
3 July 2006 : Column 851W
company. These are matters for the directors' judgment and it is for the company's shareholders to hold the directors to account.

Kate Hoey: To ask the Secretary of State for Trade and Industry, pursuant to the answer of 19 June 2006, Official Report, column 1576W, on the Business Review, what (a) financial and (b) non-financial key performance indicators companies will be required to use when reporting on their relationships with suppliers in the Business Review; what estimate he has made of how many companies will be required to report on their relationships with overseas suppliers under the provisions of clause 399 of the Company Law Reform Bill; what types of information companies will be required to include in their reports on relationships with overseas suppliers within the Business Review; what the provisions are of the Company Law Reform Bill which will oblige companies to include information on relationships with suppliers; whether he plans to introduce statutory guidance on what types of information on supplier relationships must be included in the Business Review; and if he will make a statement. [80865]

Margaret Hodge: Companies must include financial and non-financial key performance indicators in their Business Review to the extent necessary for an understanding of the development, performance or position of the company's business. The review is required to be a balanced and comprehensive analysis of the company's business consistent with the size and complexity of the business, but there is no explicit requirement for companies to report on their relationships with suppliers. Where reporting on relationships with suppliers—whether domestic or overseas—is necessary for an understanding of the development, performance or position of the company's business, it will be for the directors to consider what type of information to include in their review. This is a matter for the directors' judgment and it is for the company's shareholders to hold the directors to account. We will be debating the Business Review provisions in Committee.

Mr. Martlew: To ask the Secretary of State for Trade and Industry how many firms in the Carlisle district council area have (a) started and (b) ceased trading in each year since 1995. [80328]

Margaret Hodge: Value-added tax (VAT) registrations and deregistrations are the best official guide to the pattern of business starts and closures. DTI figures based solely on VAT registrations and deregistrations for Carlisle local authority are shown in the table for 1995 to 2004 inclusive. Data for 2005 will be available in autumn 2006. For comparison, the VAT-registered business stock in Carlisle is also shown.


3 July 2006 : Column 852W
Registrations De-registrations Registered business stock at end of year

1995

205

250

3,075

1996

180

220

3,030

1997

210

195

3,045

1998

210

195

3,060

1999

215

215

3,060

2000

220

210

3,060

2001

245

195

3,115

2002

260

200

3,175

2003

280

215

3,240

2004

285

210

3,315

Source: Business Start-ups and Closures: VAT Registrations and De-registrations 1994-2004, Small Business Service, available from the Library of the House and also at http://www.sbs.gov.uk/vats. Owing to rounding, the stock at the end of the previous year, plus registrations during the year, minus deregistrations during the year, may not exactly match the stock at the end of the year

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