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Taxi or private hire companies in the Romford area

355 taxi or private hire companies have a registered office in the Romford area (RM postcodes), and 94 of them were formed in 2025 or 2026. In their latest accounts, the typical one held £1,980 in cash and owed £4,304 at year end.

Companies House register, 1 September 2026, and accounts filed in the last twelve months. Compared with the official category “Taxi operation” (SIC 49320). Covers companies with a registered office in RM postcodes.

The numbers

Taxi or private hire companies in the Romford area (RM postcodes) compared with the same category across the UK. Typical figures are medians.
MeasureRomfordUK
Registered companies35520,081
Formed in 2025 or 202694 (26%)31%
Being struck off or in liquidation37 (10%)11%
Typical cash at year end£1,98049 accounts£4,852
Typical amount owed at year end£4,304167 accounts£9,535
Typical number of employees1170 accounts1

What this means if you’re starting one

the Romford area (RM postcodes) already has more of these businesses than most places

Taxi or private hire companies are 0.64% of companies registered in the Romford area (RM postcodes), against 0.37% UK-wide (1.7× the national share).

Demand here is proven, but so is choice. Customers can compare you with several nearby options.

Cash is tight in this trade

At year end the typical taxi or private hire company in the Romford area (RM postcodes) holds £1,980 in cash and owes £4,304; that cash figure is lower than 98% of UK industries.

Typical operators end the year holding less cash than they owe, so there is little slack if takings dip or a big bill lands early.

Most of these businesses are run by one or two people

The typical taxi or private hire company in the Romford area (RM postcodes) reports 1 employee; the top quarter has 2 or more (170 filings).

You are mostly up against owner-operators. Your own hours are likely to be your biggest cost, and the easiest one to undercount.

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What these figures can’t tell you

Companies are counted where their registered office is, which may be an accountant or a home address rather than a shop. Sole traders and partnerships are not on the register, and electronically filed accounts cover roughly 60–75% of accounts filed each year. The figures describe companies that exist; they cannot prove demand for your idea or predict whether it will work. How the figures are built.

Taxi or private hire in other places

Other businesses in Romford

All business benchmarks in Romford