Newcastle Upon Tyne and Preston are similarly sized business centres with 21,017 and 19,344 active companies respectively. This close match makes their industry mix, growth trajectory, and formation history all the more interesting to compare. Both cities share strength in Activities of other holding companies n.e.c. and Buying and selling of own real estate.
Newcastle Upon Tyne has 21,017 active companies compared to 19,344 in Preston — 1,673 more.
Newcastle Upon Tyne has a higher 2020s company formation rate (55.9%) compared to Preston (54.9%).
Both cities share these top industries: Activities of other holding companies n.e.c., Buying and selling of own real estate, Development of building projects, Dormant Company, Management consultancy activities other than financial management. Newcastle Upon Tyne is uniquely strong in Management of real estate on a fee or contract basis and Take-away food shops and mobile food stands, while Preston stands out in Other human health activities and Other service activities n.e.c..