Redditch, Worcestershire
Q3 2010 Business Confidence Report
Headlines
- Q3 2010 saw a new record in company closures in Redditch when compared to any previous Q3.
- Q3 2010 was a record quarter for company closures in Redditch when compared to any quarter in history.
- August 2010 saw a new record in company closures in Redditch when compared to any previous August.
- August 2010 was a record month for company closures in Redditch when compared to any month in history.
- July 2010 saw a new record in company closures in Redditch when compared to any previous July.
Contents
New Company Registrations
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Quarterly Data (Q3 Jul-Sep 2010)
A total of 100 companies were registered in Redditch during the third quarter of 2010 (Jul 2010 - Sep 2010).
This figure is an increase of 26.6% versus the same period last year (Q3 2009). This figure compares well to the UK as a whole, which saw an increase of 7.2% against the same period last year.
third quarter (Jul 2010 - Sep 2010) Redditch UK 2010 100 101,492 2009 79 94,671 % change 26.6% 7.2% Record Year 2007 (120) 2003 (107,203) New Companies by Quarter
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Monthly Data (Jul, Aug & Sep 2010)
New Companies by Month
July August September New companies in 2010 41 24 35 New companies in 2009 23 28 28 % change 78.3% -14.3% 25.0% Record Year 2002 (44) 2007 (47) 2006 (42)
Closed Companies (dissolved)
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Quarterly Data (Q3 Jul-Sep 2010)
Q3 2010 saw a new record in company closures in Redditch when compared to any previous Q3.
Q3 2010 was a record quarter for company closures in Redditch when compared to any quarter in history.
A total of 144 companies were dissolved in Redditch during the third quarter of 2010 (Jul 2010 - Sep 2010).
This figure is an increase of 56.5% versus the same period last year (Q3 2009). This figure compares poorly to the UK as a whole, which saw a decrease of 45.0% against the same period last year.
third quarter (Jul 2010 - Sep 2010) Redditch UK 2010 144 87,705 2009 92 159,401 % change 56.5% -45.0% Record Year 2010 (144) 2009 (159,401) Dissolved Companies by Quarter
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Monthly Data (Jul, Aug & Sep 2010)
August 2010 saw a new record in company closures in Redditch when compared to any previous August.
August 2010 was a record month for company closures in Redditch when compared to any month in history.
July 2010 saw a new record in company closures in Redditch when compared to any previous July.
Dissolved Companies by Month
July August September Closed companies in 2010 36 71 37 Closed companies in 2009 22 25 45 % change 63.6% 184.0% -18% Record Year 2010 (36) 2010 (71) 2009 (45)
Net Company Growth
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Quarterly Data (Q3 Jul-Sep 2010)
Net company growth for Redditch during the third quarter of 2010 (Jul 2010 - Sep 2010) was -44 companies.
third quarter (Jul 2010 - Sep 2010) Redditch UK 2010 -44 13,787 2009 -13 -64,730 Record Year 2003 (71) 2003 (60,597) Net Growth by Quarter
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Monthly Data (Jul, Aug & Sep 2010)
Net Growth by Month
July August September Net growth in 2010 5 -47 -2 Net growth in 2009 1 3 -17 Record Year 2008 (32) 2003 (24) 2002 (31)
UK Company Share
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Quarterly Data (Q3 Jul-Sep 2010)
In the third quarter of 2010, Redditch formed 0.1% of all UK companies.
third quarter (Jul 2010 - Sep 2010) Redditch 2010 0.1% 2009 0.1% 2008 0.1% 2007 0.1% 2006 0.1% Record Year (since 1960) 1961 (0.3%) Company Share by Quarter
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Monthly Data (Jul, Aug & Sep 2010)
Company Share by Month
July August September UK formation share in 2010 0.1% 0.1% 0.1% UK formation share in 2009 0.1% 0.1% 0.1% % change 65.8% -22.1% 19.9% Record Year 1968 (0.4%) 1961 (0.6%) 1961 (0.4%)
Director Age
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Quarterly Data (Q3 Jul-Sep 2010)
The average age of a director in the third quarter of 2010 was 46.1.
The percentage of directors under the age of 25 was 3.0% compared to the UK figure of 2.7%.
The percentage of directors over the age of 65 was 4.5% compared to the UK figure of 4.4%.
Director Age by Quarter
Director Gender
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Quarterly Data (Q3 Jul-Sep 2010)
The record third quarter for female directors in Redditch was in 1862 when 50.0% of all directors were female.
25.0% of all director appointments in Redditch in the third quarter of 2010 were female. This compares to a UK average of 25.2% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Sep 2009-Sep 2010)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage ELECTRICAL 1.45% MANAGEMENT 5.06% MANAGEMENT 1.16% CONSULTING 4.99% E 1.01% CONSULTANCY 3.12% (REDDITCH) 0.87% PROPERTY 2.38% FINANCIAL 0.87% TRADING 2.04% J 0.72% ASSOCIATES 2.01% ASSOCIATES 0.72% DESIGN 1.93% CONSULTANCY 0.72% CONSTRUCTION 1.86% REDDITCH 0.72% BUSINESS 1.80% PROPERTY 0.72% MEDIA 1.75% HOLDINGS 0.72% CONSULTANTS 1.73% QUANTUM 0.58% LONDON 1.59% CONSTRUCTION 0.58% ENGINEERING 1.59% MARKETING 0.58% INVESTMENTS 1.49% MEDIA 0.58% CARE 1.44% BUSINESS 0.58% J 1.44% COMMERCIAL 0.58% INTERNATIONAL 1.43% SIGMA 0.58% GLOBAL 1.42% HEATING 0.58% IT 1.35% PLUMBING 0.58% PROPERTIES 1.35% MEDICAL 0.43% BUILDING 1.32% B 0.43% ELECTRICAL 1.30% R 0.43% M 1.28% SECURITY 0.43% SYSTEMS 1.26% M 0.43% S 1.24%
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 189 202,902 7487 - Other business activities 64 69,802 82990 - Other business support service activities not elsewhere classified 30 25,053 9999 - Dormant Company 20 21,484 99999 - Dormant Company 17 14,072 7499 - Non-trading company 15 13,408 74909 - Other professional, scientific and technical activities not elsewhere classified 14 6,460 5540 - Bars 13 2,208 9305 - Other service activities 12 9,454 7260 - Other computer related activities 12 8,967 62090 - Other information technology service activities 11 5,716 4521 - General construction & civil engineering 10 7,634 7414 - Business & management consultancy 10 14,940 70229 - Management consultancy activities other than financial management 10 13,161 96090 - Other service activities not elsewhere classified 9 7,767 62020 - Information technology consultancy activities 7 8,292 43999 - Other specialised construction activities not elsewhere classified 7 2,664 7440 - Advertising 6 1,997 4525 - Other special trades construction 6 2,071 49410 - Freight transport by road 6 1,915
Recent Companies
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Randomly selected companies from this quarter
reports
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