Coventry, West Midlands
Q1 2011 Business Confidence Report
Headlines
- Q1 2011 saw a new record in company closures in Coventry when compared to any previous Q1.
- February 2011 saw a new record in company closures in Coventry when compared to any previous February.
- January 2011 saw a new record in company closures in Coventry when compared to any previous January.
Contents
New Company Registrations
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Quarterly Data (Q1 Jan-Mar 2011)
A total of 613 companies were registered in Coventry during the first quarter of 2011 (Jan 2011 - Mar 2011).
This figure is a decrease of 8.1% versus the same period last year (Q1 2010). This figure compares badly to the UK as a whole, which saw an increase of 10.7% against the same period last year.
first quarter (Jan 2011 - Mar 2011) Coventry UK 2011 613 116,391 2010 667 105,137 % change -8.1% 10.7% Record Year 2007 (674) 2007 (166,814) New Companies by Quarter
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Monthly Data (Jan, Feb & Mar 2011)
New Companies by Month
January February March New companies in 2011 172 197 244 New companies in 2010 164 200 303 % change 4.9% -1.5% -19.5% Record Year 2008 (199) 2010 (200) 2007 (321)
Closed Companies (dissolved)
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Quarterly Data (Q1 Jan-Mar 2011)
Q1 2011 saw a new record in company closures in Coventry when compared to any previous Q1.
A total of 523 companies were dissolved in Coventry during the first quarter of 2011 (Jan 2011 - Mar 2011).
This figure is an increase of 39.1% versus the same period last year (Q1 2010). This figure compares poorly to the UK as a whole, which saw an increase of 10.0% against the same period last year.
first quarter (Jan 2011 - Mar 2011) Coventry UK 2011 523 90,986 2010 376 82,677 % change 39.1% 10.0% Record Year 2011 (523) 2009 (108,060) Dissolved Companies by Quarter
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Monthly Data (Jan, Feb & Mar 2011)
February 2011 saw a new record in company closures in Coventry when compared to any previous February.
January 2011 saw a new record in company closures in Coventry when compared to any previous January.
Dissolved Companies by Month
January February March Closed companies in 2011 208 152 163 Closed companies in 2010 92 107 177 % change 126.1% 42.1% -8% Record Year 2011 (208) 2011 (152) 2009 (294)
Net Company Growth
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Quarterly Data (Q1 Jan-Mar 2011)
Net company growth for Coventry during the first quarter of 2011 (Jan 2011 - Mar 2011) was 90 companies.
first quarter (Jan 2011 - Mar 2011) Coventry UK 2011 90 25,405 2010 291 22,460 Record Year 2007 (418) 2007 (111,282) Net Growth by Quarter
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Monthly Data (Jan, Feb & Mar 2011)
Net Growth by Month
January February March Net growth in 2011 -36 45 81 Net growth in 2010 72 93 126 Record Year 2008 (116) 2007 (114) 2007 (236)
UK Company Share
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Quarterly Data (Q1 Jan-Mar 2011)
In the first quarter of 2011, Coventry formed 0.5% of all UK companies.
first quarter (Jan 2011 - Mar 2011) Coventry 2011 0.5% 2010 0.6% 2009 0.6% 2008 0.5% 2007 0.4% Record Year (since 1960) 1967 (0.9%) Company Share by Quarter
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Monthly Data (Jan, Feb & Mar 2011)
Company Share by Month
January February March UK formation share in 2011 0.5% 0.5% 0.5% UK formation share in 2010 0.6% 0.6% 0.7% % change -9.5% -13.4% -23.2% Record Year 1965 (1.3%) 1969 (1.5%) 1967 (1.5%)
Director Age
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Quarterly Data (Q1 Jan-Mar 2011)
The average age of a director in the first quarter of 2011 was 43.3.
The percentage of directors under the age of 25 was 2.2% compared to the UK figure of 3.0%.
The percentage of directors over the age of 65 was 2.7% compared to the UK figure of 4.3%.
Director Age by Quarter
Director Gender
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Quarterly Data (Q1 Jan-Mar 2011)
The record first quarter for female directors in Coventry was in 1861 when 40.0% of all directors were female.
20.9% of all director appointments in Coventry in the first quarter of 2011 were female. This compares to a UK average of 25.4% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Mar 2010-Mar 2011)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage CONSULTING 2.43% CONSULTING 5.04% COVENTRY 1.31% MANAGEMENT 4.97% CONSULTANCY 1.31% CONSULTANCY 3.16% MANAGEMENT 1.25% PROPERTY 2.38% CONSULTANTS 1.09% TRADING 2.10% ENGINEERING 0.74% DESIGN 1.93% ASSOCIATES 0.74% ASSOCIATES 1.92% TRADING 0.70% BUSINESS 1.87% IT 0.67% CONSTRUCTION 1.80% J 0.67% CONSULTANTS 1.76% GLOBAL 0.67% MEDIA 1.69% DESIGN 0.64% ENGINEERING 1.61% R 0.64% LONDON 1.60% (COVENTRY) 0.61% CARE 1.45% SECURITY 0.58% J 1.45% CONSTRUCTION 0.58% GLOBAL 1.44% S 0.54% INVESTMENTS 1.43% BUSINESS 0.54% IT 1.41% ELECTRICAL 0.51% PROPERTIES 1.36% M 0.51% BUILDING 1.34% CARE 0.48% M 1.30% LEISURE 0.48% ELECTRICAL 1.28% SYSTEMS 0.45% S 1.24% MEDIA 0.45% INTERNATIONAL 1.23% P 0.45% SYSTEMS 1.23%
SIC Data
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Previous 36 months, excluding companies less than 12 months old
sic code number of companies uk companies None Supplied 1,293 202,798 7487 - Other business activities 305 60,968 82990 - Other business support service activities not elsewhere classified 125 30,253 62020 - Information technology consultancy activities 122 10,246 70229 - Management consultancy activities other than financial management 112 16,150 99999 - Dormant Company 104 18,336 9999 - Dormant Company 94 19,765 7260 - Other computer related activities 84 7,789 7414 - Business & management consultancy 79 12,916 7222 - Other software consultancy and supply 66 7,000 96090 - Other service activities not elsewhere classified 61 10,085 9305 - Other service activities 59 8,740 62090 - Other information technology service activities 57 6,996 7499 - Non-trading company 47 11,316 62012 - Business and domestic software development 36 3,168 74990 - Non-trading company 35 8,695 74909 - Other professional, scientific and technical activities not elsewhere classified 33 7,788 6024 - Freight transport by road 33 2,299 4521 - General construction & civil engineering 31 6,183 69201 - Accounting and auditing activities 30 3,436
Recent Companies
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Randomly selected companies from this quarter
reports
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