Redditch, Worcestershire
2010 Half Year Business Confidence Report
Headlines
- The first half of 2010 saw a new record in company closures in Redditch when compared to any previous first half year.
- The first half of 2010 was a record first half year for company closures in Redditch when compared to any half year in history.
- June 2010 saw a new record in company closures in Redditch when compared to any previous June.
- April 2010 saw a new record in company closures in Redditch when compared to any previous April.
Contents
New Company Registrations
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Half Year Data (Jan-Jun 2010)
In the first half of 2010 a total of 210 companies were formed in Redditch. This figure is 7.1% higher than last year, which compares badly to the UK wide figure of 11.9%.
The highest total for a first half year in Redditch occurred in 2003 when a total of 261 were formed.
Half Year (Jan-Jun) Redditch UK 2010 210 203,749 2009 196 182,021 % change 7.1% 11.9% Record Year 2003 (261) 2007 (279,097) New Companies by Half Year
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Quarterly Data (Q2 Apr-Jun 2010)
A total of 93 companies were registered in Redditch during the second quarter of 2010 (Apr 2010 - Jun 2010).
This figure is a decrease of 7.0% versus the same period last year (Q2 2009). This figure compares badly to the UK as a whole, which saw an increase of 8.4% against the same period last year.
second quarter (Apr 2010 - Jun 2010) Redditch UK 2010 93 98,612 2009 100 90,987 % change -7.0% 8.4% Record Year 2003 (138) 2007 (112,283) New Companies by Quarter
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Monthly Data (Apr, May & Jun 2010)
New Companies by Month
April May June New companies in 2010 24 30 39 New companies in 2009 41 30 29 % change -41.5% 0.0% 34.5% Record Year 2008 (46) 2003 (41) 2003 (56)
Closed Companies (dissolved)
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Half Year Data (Jan-Jun 2010)
The first half of 2010 saw a new record in company closures in Redditch when compared to any previous first half year.
The first half of 2010 was a record first half year for company closures in Redditch when compared to any half year in history.
In the first half of 2010 a total of 239 companies were dissolved in Redditch. This figure is 14.9% higher than last year, which compares badly to the UK wide change of -38.6%.
The highest total for a first half year in Redditch occurred in 2010 when a total of 239 were closed.
Half Year (Jan-Jun) Redditch UK 2010 239 177,631 2009 208 289,236 % change 14.9% -38.6% Record Year 2010 (239) 2009 (289,236) Dissolved Companies by Half Year
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Quarterly Data (Q2 Apr-Jun 2010)
A total of 121 companies were dissolved in Redditch during the second quarter of 2010 (Apr 2010 - Jun 2010).
This figure is a decrease of 0.8% versus the same period last year (Q2 2009). This figure compares poorly to the UK as a whole, which saw a decrease of 47.6% against the same period last year.
second quarter (Apr 2010 - Jun 2010) Redditch UK 2010 121 94,954 2009 122 181,176 % change -0.8% -47.6% Record Year 2009 (122) 2009 (181,176) Dissolved Companies by Quarter
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Monthly Data (Apr, May & Jun 2010)
June 2010 saw a new record in company closures in Redditch when compared to any previous June.
April 2010 saw a new record in company closures in Redditch when compared to any previous April.
Dissolved Companies by Month
April May June Closed companies in 2010 28 40 53 Closed companies in 2009 25 54 43 % change 12.0% -25.9% 23% Record Year 2010 (28) 2009 (54) 2010 (53)
Net Company Growth
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Half Year Data (Jan-Jun 2010)
In the first half of 2010 the company register for Redditch decreased by 29 companies.
Half Year (Jan-Jun) Redditch UK 2010 -29 26,118 2009 -12 -107,215 Record Year 2003 (192) 2007 (171,296) Net Growth by Half Year
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Quarterly Data (Q2 Apr-Jun 2010)
Net company growth for Redditch during the second quarter of 2010 (Apr 2010 - Jun 2010) was -28 companies.
second quarter (Apr 2010 - Jun 2010) Redditch UK 2010 -28 3,658 2009 -22 -90,189 Record Year 2003 (111) 2003 (69,274) Net Growth by Quarter
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Monthly Data (Apr, May & Jun 2010)
Net Growth by Month
April May June Net growth in 2010 -4 -10 -14 Net growth in 2009 16 -24 -14 Record Year 2008 (33) 2003 (34) 2003 (46)
UK Company Share
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Half Year Data (Jan-Jun 2010)
In the first half of 2010 Redditch formed 0.1% of all UK companies. This is the same as the 2009 figure of 0.1%.
Half Year (Jan-Jun) Redditch 2010 0.1% 2009 0.1% 2008 0.1% 2007 0.1% 2006 0.1% Record Year (since 1960) 1975 (0.3%) Company Share by Half Year
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Quarterly Data (Q2 Apr-Jun 2010)
In the second quarter of 2010, Redditch formed 0.1% of all UK companies.
second quarter (Apr 2010 - Jun 2010) Redditch 2010 0.1% 2009 0.1% 2008 0.1% 2007 0.1% 2006 0.1% Record Year (since 1960) 1975 (0.2%) Company Share by Quarter
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Monthly Data (Apr, May & Jun 2010)
Company Share by Month
April May June UK formation share in 2010 0.1% 0.1% 0.1% UK formation share in 2009 0.1% 0.1% 0.1% % change -46.1% -4.7% 21.0% Record Year 1978 (0.3%) 1970 (0.3%) 1975 (0.5%)
Director Age
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Half Year Data (Jan-Jun 2010)
The average age of a director in the first half of 2010 was 44.4.
The percentage of directors under the age of 25 was 2.4% compared to the UK figure of 2.1%.
The percentage of directors over the age of 65 was 4.6% compared to the UK figure of 4.7%.
Director Age by Half Year
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Quarterly Data (Q2 Apr-Jun 2010)
The average age of a director in the second quarter of 2010 was 43.6.
The percentage of directors under the age of 25 was 2.5% compared to the UK figure of 2.3%.
The percentage of directors over the age of 65 was 5.7% compared to the UK figure of 4.4%.
Director Age by Quarter
Director Gender
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Half Year Data (Jan-Jun 2010)
The record first half year for female directors in Redditch was 1861 when 40.0% of all directors were female.
24.7% of all director appointments in Redditch in the first half of 2010 were female. This compares to a UK average of 24.9% for the same period.
Director Gender by Half Year
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Quarterly Data (Q2 Apr-Jun 2010)
The record second quarter for female directors in Redditch was in 1866 when 66.7% of all directors were female.
23.2% of all director appointments in Redditch in the second quarter of 2010 were female. This compares to a UK average of 25.1% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Jun 2009-Jun 2010)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage MANAGEMENT 1.55% MANAGEMENT 5.01% ELECTRICAL 1.39% CONSULTING 4.79% FINANCIAL 0.93% CONSULTANCY 3.02% CONSULTANCY 0.93% PROPERTY 2.40% REDDITCH 0.77% ASSOCIATES 2.02% HOLDINGS 0.77% TRADING 2.01% E 0.77% DESIGN 1.91% BUSINESS 0.62% CONSTRUCTION 1.85% CONSULTING 0.62% MEDIA 1.80% (MIDLANDS) 0.62% BUSINESS 1.75% CO 0.62% CONSULTANTS 1.71% HEATING 0.62% INTERNATIONAL 1.59% HADLEY 0.62% ENGINEERING 1.56% PLUMBING 0.62% LONDON 1.52% DESIGN 0.62% INVESTMENTS 1.49% ASSOCIATES 0.62% J 1.46% J 0.62% CARE 1.41% PROPERTY 0.62% GLOBAL 1.39% RANDLE 0.46% PROPERTIES 1.35% SIGMA 0.46% BUILDING 1.33% K 0.46% M 1.29% MEDICAL 0.46% IT 1.28% INSTALLATIONS 0.46% ELECTRICAL 1.27% MALLORY 0.46% GROUP 1.25% R 0.46% DEVELOPMENTS 1.25%
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 198 207,125 7487 - Other business activities 74 68,525 82990 - Other business support service activities not elsewhere classified 32 25,942 9999 - Dormant Company 23 19,842 7499 - Non-trading company 18 13,997 99999 - Dormant Company 18 14,342 7260 - Other computer related activities 16 9,122 4521 - General construction & civil engineering 13 8,262 74909 - Other professional, scientific and technical activities not elsewhere classified 12 6,684 62090 - Other information technology service activities 11 5,854 7414 - Business & management consultancy 11 14,598 9305 - Other service activities 10 8,822 70229 - Management consultancy activities other than financial management 10 13,490 5540 - Bars 10 2,054 96090 - Other service activities not elsewhere classified 9 7,922 4534 - Other building installation 7 2,652 43999 - Other specialised construction activities not elsewhere classified 7 2,739 62020 - Information technology consultancy activities 6 8,590 6420 - Telecommunications 6 1,398 7222 - Other software consultancy and supply 6 8,285
Recent Companies
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Randomly selected companies from this quarter
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