Executive Summary
  • Banking deposits decreased by £6.2bn during the year 2008 from £212.3bn to £206bn.
  • The Net Asset Value (NAV) of funds under administration decreased by £5bn during the last twelve months from £246.2bn to £241.2bn. The total number of Funds increased by 161 from 1,311 to 1,472.
  • The value of funds under investment management decreased by £0.5bn from £19.3bn to £18.8bn during 2008.
  • Company formations for Q4 2008 were down 31.9% compared to Q4 2007. The total number of live companies on the register decreased by 288 during the last 12 months from 33,683 to 33,395 companies.
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