Business Services in Tower Hamlets

Tower Hamlets Company Scorecard

Out of Tower Hamlets's 100,455 total incorporated companies, 9,176 were formed in the last 12 months.

Tower Hamlets's Business Profile

The most common business sectors in Tower Hamlets include the 7,465 companies working in wholesale and retail trade including repair of motor vehicles, 6,570 companies working in professional, scientific and technical activities, and 5,760 companies working in information and communication. The business sectors with the least activity include mining and quarrying with 92 active companies, agriculture, forestry and fishing with 89 active companies, and water supply, sewerage, waste management and remediation activities with 71 active companies.

Company Trends in Tower Hamlets

Looking at the big changes in Tower Hamlets's businesses over the last five years, the biggest increase was in retail sale via mail order houses or via internet now making up 5.03% of active businesses, a total of 2,123 companies. The next big increase was other letting and operating of own or leased real estate which now makes up 5.7% of active businesses in Tower Hamlets, a change of 89% from the 3.01% percentage share seen in 2018. Buying and selling of own real estate also saw positive growth, currently representing 4.51% of Tower Hamlets's active companies.

Notable changes in Tower Hamlets's business sectors include a rise of 71% in wholesale and retail trade including repair of motor vehicles since 2018, a rise of 51% in real estate activities, and rise of 55% in education.