Coventry, West Midlands

2014 Annual Business Confidence Report

Headlines

  • 2014 was a record year for company registrations in Coventry when compared to any year in history.
  • The second half of 2014 saw a new record in company registrations in Coventry when compared to any previous second half year.
  • Q4 2014 saw a new record in company registrations in Coventry when compared to any previous Q4.
  • December 2014 saw a new record in company registrations in Coventry when compared to any previous December.
  • November 2014 saw a new record in company registrations in Coventry when compared to any previous November.
  • 2014 was a record year for company closures in Coventry when compared to any year in history.
  • The second half of 2014 saw a new record in company closures in Coventry when compared to any previous second half year.
  • The second half of 2014 was a record second half year for company closures in Coventry when compared to any half year in history.
  • December 2014 saw a new record in company closures in Coventry when compared to any previous December.
  • November 2014 saw a new record in company closures in Coventry when compared to any previous November.
  • October 2014 saw a new record in company closures in Coventry when compared to any previous October.

Contents

  1. New Company Registrations
  2. Closed Companies (dissolved)
  3. Net Company Growth
  4. UK Company Share
  5. Director Age
  6. Director Gender
  7. Naming Trends
  8. SIC Data
  9. Recent Companies

New Company Registrations

  1. Annual Data (2014)

    2014 was a record year for company registrations in Coventry when compared to any year in history.

    A total of 3,472 companies were formed in Coventry in 2014. This total is 8.6% higher than in 2013 and compares equally to the UK figure of a 10.0% growth compared to 529,363 the previous year.

    YearCoventryUK
    20143,472582,051
    20133,197529,363
    20122,864491,893
    20112,599452,870
    20102,351400,358
    Record Year2014 (3,472)2014 (582,051)
    New Companies by Year
  2. Half Year Data (Jul-Dec 2014)

    The second half of 2014 saw a new record in company registrations in Coventry when compared to any previous second half year.

    In the second half of 2014 a total of 1,711 companies were formed in Coventry. This figure is 9.7% higher than last year, which compares well to the UK wide figure of 8.2%.

    The highest total for a second half year in Coventry occurred in 2014 when a total of 1,711 were formed.

    Half Year (Jul-Dec)CoventryUK
    20141,711281,320
    20131,560259,931
    % change9.7%8.2%
    Record Year2014 (1,711)2014 (281,320)
    New Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    Q4 2014 saw a new record in company registrations in Coventry when compared to any previous Q4.

    A total of 827 companies were registered in Coventry during the fourth quarter of 2014 (Oct 2014 - Dec 2014).

    This figure is an increase of 7.3% versus the same period last year (Q4 2013). This figure compares equally to the UK as a whole, which saw an increase of 8.4% against the same period last year.

    fourth quarter (Oct 2014 - Dec 2014)CoventryUK
    2014827137,906
    2013771127,247
    % change7.3%8.4%
    Record Year 2014 (827) 2014 (137,906)
    New Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    December 2014 saw a new record in company registrations in Coventry when compared to any previous December.

    November 2014 saw a new record in company registrations in Coventry when compared to any previous November.

    New Companies by Month
    OctoberNovemberDecember
    New companies in 2014289282256
    New companies in 2013293265213
    % change-1.4%6.4%20.2%
    Record Year2012 (299)2014 (282)2014 (256)

Closed Companies (dissolved)

  1. Annual Data (2014)

    2014 was a record year for company closures in Coventry when compared to any year in history.

    A total of 2,369 companies were dissolved in Coventry in 2014. This total is 16.2% higher than in 2013 and compares favourably to the UK figure of 10.8% growth compared to the previous year.

    YearCoventryUK
    20142,369367,937
    20132,039332,213
    20121,627293,729
    20111,820314,524
    20101,815342,233
    Record Year2014 (2,369)2009 (533,789)
    Dissolved Companies by Year
  2. Half Year Data (Jul-Dec 2014)

    The second half of 2014 saw a new record in company closures in Coventry when compared to any previous second half year.

    The second half of 2014 was a record second half year for company closures in Coventry when compared to any half year in history.

    In the second half of 2014 a total of 1,223 companies were dissolved in Coventry. This figure is 20.4% higher than last year, which compares badly to the UK wide change of 7.7%.

    The highest total for a second half year in Coventry occurred in 2014 when a total of 1,223 were closed.

    Half Year (Jul-Dec)CoventryUK
    20141,223190,730
    20131,016177,021
    % change20.4%7.7%
    Record Year2014 (1,223)2009 (244,544)
    Dissolved Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    A total of 623 companies were dissolved in Coventry during the fourth quarter of 2014 (Oct 2014 - Dec 2014).

    This figure is an increase of 29.5% versus the same period last year (Q4 2013). This figure compares poorly to the UK as a whole, which saw a decrease of 2.0% against the same period last year.

    fourth quarter (Oct 2014 - Dec 2014)CoventryUK
    201462389,060
    201348190,851
    % change29.5%-2.0%
    Record Year 2014 (623) 2013 (90,851)
    Dissolved Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    December 2014 saw a new record in company closures in Coventry when compared to any previous December.

    November 2014 saw a new record in company closures in Coventry when compared to any previous November.

    October 2014 saw a new record in company closures in Coventry when compared to any previous October.

    Dissolved Companies by Month
    OctoberNovemberDecember
    Closed companies in 2014192185246
    Closed companies in 2013175141165
    % change9.7%31.2%49%
    Record Year2014 (192)2014 (185)2014 (246)

Net Company Growth

  1. Annual Data (2014)

    A total of 1,103 companies were added to the company register for Coventry in 2014. This number represents growth of 31.8% in the total number of active companies, which compares unfavourably to the UK figure of 36.8%.

    This number is 55 companies lower than the previous year.

    The highest net company growth figure ever seen in one year came in 2012 when the Coventry company register grew by 1,237 companies.

    YearCoventryUK
    20141,103214,114
    20131,158197,150
    20121,237198,164
    2011779138,346
    201053658,125
    Record Year2012 (1,237)2007 (237,353)
    Net Growth by Year
  2. Half Year Data (Jul-Dec 2014)

    In the second half of 2014 the company register for Coventry increased by 488 companies.

    Half Year (Jul-Dec)CoventryUK
    201448890,590
    201354482,910
    Record Year2012 (584)2003 (117,772)
    Net Growth by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    Net company growth for Coventry during the fourth quarter of 2014 (Oct 2014 - Dec 2014) was 204 companies.

    fourth quarter (Oct 2014 - Dec 2014)CoventryUK
    201420448,846
    201329036,396
    Record Year 2012 (365) 2012 (49,848)
    Net Growth by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    Net Growth by Month
    OctoberNovemberDecember
    Net growth in 2014979710
    Net growth in 201311812448
    Record Year2008 (148)2013 (124)2012 (123)

UK Company Share

  1. Annual Data (2014)

    In 2014 Coventry formed 0.6% of all UK companies. This is no change on 2013 when Coventry was responsible for 0.6% of all UK companies.

    YearCoventry
    20140.6%
    20130.6%
    20120.6%
    20110.6%
    20100.6%
    Record Year (since 1960)2013 (0.6%)
    Company Share by Year
  2. Half Year Data (Jul-Dec 2014)

    In the second half of 2014 Coventry formed 0.6% of all UK companies. This is the same as the 2013 figure of 0.6%.

    Half Year (Jul-Dec)Coventry
    20140.6%
    20130.6%
    20120.6%
    20110.6%
    20100.6%
    Record Year (since 1960) 2008 (0.6%)
    Company Share by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    In the fourth quarter of 2014, Coventry formed 0.6% of all UK companies.

    fourth quarter (Oct 2014 - Dec 2014)Coventry
    20140.6%
    20130.6%
    20120.6%
    20110.6%
    20100.6%
    Record Year (since 1960) 2008 (0.7%)
    Company Share by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    Company Share by Month
    OctoberNovemberDecember
    UK formation share in 20140.6%0.6%0.6%
    UK formation share in 20130.6%0.6%0.6%
    % change-6.2%1.0%2.9%
    Record Year2012 (0.6%)2008 (0.7%)2012 (0.7%)

Director Age

  1. Annual Data (2014)

    The average age of a director in 2014 was 42.3.

    The percentage of directors under the age of 25 was 3.0% compared to the UK figure of 4.0%.

    The percentage of directors over the age of 65 was 5.1% compared to the UK figure of 4.0%.

    Director Age by Year
  2. Half Year Data (Jul-Dec 2014)

    The average age of a director in the second half of 2014 was 42.1.

    The percentage of directors under the age of 25 was 2.7% compared to the UK figure of 3.7%.

    The percentage of directors over the age of 65 was 5.5% compared to the UK figure of 4.5%.

    Director Age by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    The average age of a director in the fourth quarter of 2014 was 42.4.

    The percentage of directors under the age of 25 was 2.4% compared to the UK figure of 3.8%.

    The percentage of directors over the age of 65 was 4.6% compared to the UK figure of 4.5%.

    Director Age by Quarter

Director Gender

  1. Annual Data (2014)

    The record year for female directors in Coventry was 1974 when 50.0% of all directors were female.

    The percentage of female directors in Coventry in 2014 was 28.3%. The average for the UK during this time was 26.1%

    Director Gender by Year
  2. Half Year Data (Jul-Dec 2014)

    The record second half year for female directors in Coventry was 2012 when 29.1% of all directors were female.

    25.3% of all director appointments in Coventry in the second half of 2014 were female. This compares to a UK average of 26.1% for the same period.

    Director Gender by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    The record fourth quarter for female directors in Coventry was in 2007 when 27.9% of all directors were female.

    24.6% of all director appointments in Coventry in the fourth quarter of 2014 were female. This compares to a UK average of 25.8% for the same period.

    Director Gender by Quarter

Naming Trends

  1. Previous 12 months (Dec 2013-Dec 2014)

    Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.

    wordpercentageuk worduk percentage
    MANAGEMENT2.58%CONSULTING5.22%
    CONSULTING2.21%MANAGEMENT4.58%
    CONSULTANCY1.41%CONSULTANCY3.57%
    CARE1.06%PROPERTY2.66%
    COVENTRY0.99%CONSTRUCTION2.12%
    TRANSPORT0.99%ENGINEERING2.10%
    INVESTMENT0.93%CARE2.02%
    ENGINEERING0.90%TRADING1.94%
    IT0.68%LONDON1.93%
    BUSINESS0.66%TRANSPORT1.93%
    DESIGN0.66%DESIGN1.66%
    (COVENTRY)0.66%CONSULTANTS1.64%
    J0.66%ELECTRICAL1.62%
    TRADING0.64%PROPERTIES1.62%
    GLOBAL0.62%BUSINESS1.56%
    PROPERTY0.62%J1.54%
    CONSTRUCTION0.57%CO.,1.50%
    CONSULTANTS0.53%GLOBAL1.49%
    PROPERTIES0.53%INVESTMENTS1.48%
    TRAINING0.51%ASSOCIATES1.47%
    ASSOCIATES0.51%DEVELOPMENTS1.35%
    DRIVING0.46%MEDIA1.33%
    HEALTHCARE0.44%IT1.31%
    ELECTRICAL0.44%BUILDING1.29%
    M0.42%M1.22%

SIC Data

  1. Previous 36 months, excluding companies less than 12 months old

    sic codenumber of companiesuk companies
    None Supplied1,656265,608
    99999 - Dormant Company37648,509
    70229 - Management consultancy activities other than financial management25842,290
    82990 - Other business support service activities not elsewhere classified24658,068
    62020 - Information technology consultancy activities24530,178
    96090 - Other service activities not elsewhere classified14729,009
    49410 - Freight transport by road14110,842
    62090 - Other information technology service activities13712,837
    74909 - Other professional, scientific and technical activities not elsewhere classified10019,049
    47910 - Retail sale via mail order houses or via Internet8510,107
    86900 - Other human health activities8412,976
    47190 - Other retail sale in non-specialised stores753,802
    68209 - Other letting and operating of own or leased real estate6711,212
    47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating674,167
    62012 - Business and domestic software development669,752
    86220 - Specialists medical practice activities494,031
    45112 - Sale of used cars and light motor vehicles493,562
    74990 - Non-trading company4813,984
    71129 - Other engineering activities466,132
    56302 - Public houses and bars456,285

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    09338014 ASTUTE PROPERTY SERVICES LTD 03 Dec 2014
    09344277 PRIME (WEST ORCHARDS) LIMITED 08 Dec 2014
    09345289 APPLE REPAIRS CENTRE & OUT OF WARRANTY REPAIRS LIMITED 08 Dec 2014
    09348227 CARTIER CARE LIMITED 09 Dec 2014
    09352044 KARPET KINGDOM (BANBURY) LIMITED 12 Dec 2014
    09352265 ST GEORGES FACILITIES MANAGEMENT LIMITED 12 Dec 2014
    09353322 DE NORA WATER TECHNOLOGIES (OVERSEAS HOLDINGS) LIMITED 12 Dec 2014
    09354612 AUTOVIT LIMITED 15 Dec 2014
    09355260 DOMINO MEDICAL LIMITED 15 Dec 2014
    09360392 COMFORTLINK SERVICES LIMITED 18 Dec 2014
    09362491 BIORAY SCIENTIFIC LIMITED 19 Dec 2014
    09366700 METTE TECHNOLOGY LIMITED 24 Dec 2014
    09333638 RAISING ASPIRATIONS & DEVELOPING ABILITIES LIMITED 01 Dec 2014
    09334964 JIANU MARIAN LTD 01 Dec 2014
    09345128 ORIENTAL FINANCIAL SERVICE LTD 08 Dec 2014
    09347065 ELLEMME LIMITED 09 Dec 2014
    09348149 KWIKI AUTOS LTD 09 Dec 2014
    09348869 THARAVADU LIMITED 10 Dec 2014
    09352595 ANNIB-SQUARE LTD 12 Dec 2014
    09364082 UBER FACADES LIMITED 22 Dec 2014
    09364176 SK FUSION KITCHEN LTD 22 Dec 2014
    09364433 REMAP WORLD LIMITED 22 Dec 2014
    09365642 JOSEPH LUCKMAN HOME CARE SOLUTIONS LTD. 23 Dec 2014
    09370351 AERATH LIMITED 31 Dec 2014
    09370791 NDB ENGINEERING SOLUTIONS LIMITED 31 Dec 2014