Redditch, Worcestershire
Q1 2010 Business Confidence Report
Headlines
- February 2010 saw a new record in company registrations in Redditch when compared to any previous February.
- Q1 2010 saw a new record in company closures in Redditch when compared to any previous Q1.
- February 2010 saw a new record in company closures in Redditch when compared to any previous February.
- January 2010 saw a new record in company closures in Redditch when compared to any previous January.
Contents
New Company Registrations
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Quarterly Data (Q1 Jan-Mar 2010)
A total of 117 companies were registered in Redditch during the first quarter of 2010 (Jan 2010 - Mar 2010).
This figure is an increase of 21.9% versus the same period last year (Q1 2009). This figure compares equally to the UK as a whole, which saw an increase of 15.5% against the same period last year.
first quarter (Jan 2010 - Mar 2010) Redditch UK 2010 117 105,137 2009 96 91,034 % change 21.9% 15.5% Record Year 2007 (129) 2007 (166,814) New Companies by Quarter
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Monthly Data (Jan, Feb & Mar 2010)
February 2010 saw a new record in company registrations in Redditch when compared to any previous February.
New Companies by Month
January February March New companies in 2010 26 48 43 New companies in 2009 32 26 38 % change -18.8% 84.6% 13.2% Record Year 2003 (39) 2010 (48) 2007 (56)
Closed Companies (dissolved)
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Quarterly Data (Q1 Jan-Mar 2010)
Q1 2010 saw a new record in company closures in Redditch when compared to any previous Q1.
A total of 118 companies were dissolved in Redditch during the first quarter of 2010 (Jan 2010 - Mar 2010).
This figure is an increase of 37.2% versus the same period last year (Q1 2009). This figure compares poorly to the UK as a whole, which saw a decrease of 23.5% against the same period last year.
first quarter (Jan 2010 - Mar 2010) Redditch UK 2010 118 82,677 2009 86 108,060 % change 37.2% -23.5% Record Year 2010 (118) 2009 (108,060) Dissolved Companies by Quarter
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Monthly Data (Jan, Feb & Mar 2010)
February 2010 saw a new record in company closures in Redditch when compared to any previous February.
January 2010 saw a new record in company closures in Redditch when compared to any previous January.
Dissolved Companies by Month
January February March Closed companies in 2010 24 42 52 Closed companies in 2009 17 11 58 % change 41.2% 281.8% -10% Record Year 2010 (24) 2010 (42) 2009 (58)
Net Company Growth
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Quarterly Data (Q1 Jan-Mar 2010)
Net company growth for Redditch during the first quarter of 2010 (Jan 2010 - Mar 2010) was -1 companies.
first quarter (Jan 2010 - Mar 2010) Redditch UK 2010 -1 22,460 2009 10 -17,026 Record Year 2003 (81) 2007 (111,282) Net Growth by Quarter
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Monthly Data (Jan, Feb & Mar 2010)
Net Growth by Month
January February March Net growth in 2010 2 6 -9 Net growth in 2009 15 15 -20 Record Year 2005 (24) 2003 (27) 2003 (33)
UK Company Share
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Quarterly Data (Q1 Jan-Mar 2010)
In the first quarter of 2010, Redditch formed 0.1% of all UK companies.
first quarter (Jan 2010 - Mar 2010) Redditch 2010 0.1% 2009 0.1% 2008 0.1% 2007 0.1% 2006 0.1% Record Year (since 1960) 1979 (0.3%) Company Share by Quarter
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Monthly Data (Jan, Feb & Mar 2010)
Company Share by Month
January February March UK formation share in 2010 0.1% 0.1% 0.1% UK formation share in 2009 0.1% 0.1% 0.1% % change -24.6% 58.1% -6.0% Record Year 1975 (0.5%) 1960 (0.6%) 1972 (0.3%)
Director Age
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Quarterly Data (Q1 Jan-Mar 2010)
The average age of a director in the first quarter of 2010 was 44.8.
The percentage of directors under the age of 25 was 2.4% compared to the UK figure of 2.0%.
The percentage of directors over the age of 65 was 3.9% compared to the UK figure of 4.9%.
Director Age by Quarter
Director Gender
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Quarterly Data (Q1 Jan-Mar 2010)
The record first quarter for female directors in Redditch was in 1861 when 40.0% of all directors were female.
25.5% of all director appointments in Redditch in the first quarter of 2010 were female. This compares to a UK average of 24.7% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Mar 2009-Mar 2010)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage MANAGEMENT 1.82% MANAGEMENT 5.01% ELECTRICAL 1.21% CONSULTING 4.60% CONSULTANCY 1.06% CONSULTANCY 2.87% MEDICAL 0.76% PROPERTY 2.50% PROPERTY 0.76% ASSOCIATES 2.04% ASSOCIATES 0.76% TRADING 1.93% REDDITCH 0.76% DESIGN 1.91% FINANCIAL 0.76% CONSTRUCTION 1.87% R 0.76% MEDIA 1.84% (MIDLANDS) 0.76% BUSINESS 1.74% CO 0.61% INTERNATIONAL 1.73% J 0.61% CONSULTANTS 1.63% SYSTEMS 0.61% ENGINEERING 1.54% ENTERTAINMENT 0.61% J 1.48% E 0.61% LONDON 1.45% HADLEY 0.61% INVESTMENTS 1.45% PRINT 0.61% GROUP 1.37% PLUMBING 0.61% GLOBAL 1.35% C 0.61% PROPERTIES 1.35% DESIGN 0.61% BUILDING 1.34% BUSINESS 0.61% CARE 1.33% CENTRE 0.46% ELECTRICAL 1.30% HEATING 0.46% M 1.28% ENTERPRISES 0.46% SYSTEMS 1.25% SUPPLIES 0.46% S 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 198 228,645 7487 - Other business activities 85 74,904 82990 - Other business support service activities not elsewhere classified 27 26,974 9999 - Dormant Company 25 19,948 7499 - Non-trading company 19 15,398 7260 - Other computer related activities 15 10,331 74909 - Other professional, scientific and technical activities not elsewhere classified 14 7,143 99999 - Dormant Company 14 13,808 7414 - Business & management consultancy 12 17,003 62090 - Other information technology service activities 10 6,340 4521 - General construction & civil engineering 10 9,325 5540 - Bars 9 2,070 9305 - Other service activities 9 9,038 70229 - Management consultancy activities other than financial management 9 14,007 62020 - Information technology consultancy activities 8 9,943 96090 - Other service activities not elsewhere classified 8 8,154 6420 - Telecommunications 7 1,529 43999 - Other specialised construction activities not elsewhere classified 7 3,069 69201 - Accounting and auditing activities 6 3,077 5263 - Other non-store retail sale 6 1,930
Recent Companies
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Randomly selected companies from this quarter
reports
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