Reading and Newcastle Upon Tyne are similarly sized business centres with 23,758 and 21,235 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.
Reading has 23,758 active companies compared to 21,235 in Newcastle Upon Tyne — 2,523 more.
Newcastle Upon Tyne has a higher 2020s company formation rate (56.0%) compared to Reading (51.3%).
Both cities share these top industries: Activities of other holding companies n.e.c., Buying and selling of own real estate, Management consultancy activities other than financial management, Other business support service activities n.e.c., Other letting and operating of own or leased real estate. Reading is uniquely strong in Business and domestic software development and Information technology consultancy activities, while Newcastle Upon Tyne stands out in Development of building projects and Dormant Company.