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

  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. 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)RedditchUK
    2010100101,492
    20097994,671
    % change26.6%7.2%
    Record Year 2007 (120) 2003 (107,203)
    New Companies by Quarter
  2. Monthly Data (Jul, Aug & Sep 2010)

    New Companies by Month
    JulyAugustSeptember
    New companies in 2010412435
    New companies in 2009232828
    % change78.3%-14.3%25.0%
    Record Year2002 (44)2007 (47)2006 (42)

Closed Companies (dissolved)

  1. 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)RedditchUK
    201014487,705
    200992159,401
    % change56.5%-45.0%
    Record Year 2010 (144) 2009 (159,401)
    Dissolved Companies by Quarter
  2. 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
    JulyAugustSeptember
    Closed companies in 2010367137
    Closed companies in 2009222545
    % change63.6%184.0%-18%
    Record Year2010 (36)2010 (71)2009 (45)

Net Company Growth

  1. 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)RedditchUK
    2010-4413,787
    2009-13-64,730
    Record Year 2003 (71) 2003 (60,597)
    Net Growth by Quarter
  2. Monthly Data (Jul, Aug & Sep 2010)

    Net Growth by Month
    JulyAugustSeptember
    Net growth in 20105-47-2
    Net growth in 200913-17
    Record Year2008 (32)2003 (24)2002 (31)

UK Company Share

  1. 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
    20100.1%
    20090.1%
    20080.1%
    20070.1%
    20060.1%
    Record Year (since 1960) 1961 (0.3%)
    Company Share by Quarter
  2. Monthly Data (Jul, Aug & Sep 2010)

    Company Share by Month
    JulyAugustSeptember
    UK formation share in 20100.1%0.1%0.1%
    UK formation share in 20090.1%0.1%0.1%
    % change65.8%-22.1%19.9%
    Record Year1968 (0.4%)1961 (0.6%)1961 (0.4%)

Director Age

  1. 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

  1. 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

  1. Previous 12 months (Sep 2009-Sep 2010)

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

    wordpercentageuk worduk percentage
    ELECTRICAL1.45%MANAGEMENT5.06%
    MANAGEMENT1.16%CONSULTING4.99%
    E1.01%CONSULTANCY3.12%
    (REDDITCH)0.87%PROPERTY2.38%
    FINANCIAL0.87%TRADING2.04%
    J0.72%ASSOCIATES2.01%
    ASSOCIATES0.72%DESIGN1.93%
    CONSULTANCY0.72%CONSTRUCTION1.86%
    REDDITCH0.72%BUSINESS1.80%
    PROPERTY0.72%MEDIA1.75%
    HOLDINGS0.72%CONSULTANTS1.73%
    QUANTUM0.58%LONDON1.59%
    CONSTRUCTION0.58%ENGINEERING1.59%
    MARKETING0.58%INVESTMENTS1.49%
    MEDIA0.58%CARE1.44%
    BUSINESS0.58%J1.44%
    COMMERCIAL0.58%INTERNATIONAL1.43%
    SIGMA0.58%GLOBAL1.42%
    HEATING0.58%IT1.35%
    PLUMBING0.58%PROPERTIES1.35%
    MEDICAL0.43%BUILDING1.32%
    B0.43%ELECTRICAL1.30%
    R0.43%M1.28%
    SECURITY0.43%SYSTEMS1.26%
    M0.43%S1.24%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied189202,902
    7487 - Other business activities6469,802
    82990 - Other business support service activities not elsewhere classified3025,053
    9999 - Dormant Company2021,484
    99999 - Dormant Company1714,072
    7499 - Non-trading company1513,408
    74909 - Other professional, scientific and technical activities not elsewhere classified146,460
    5540 - Bars132,208
    9305 - Other service activities129,454
    7260 - Other computer related activities128,967
    62090 - Other information technology service activities115,716
    4521 - General construction & civil engineering107,634
    7414 - Business & management consultancy1014,940
    70229 - Management consultancy activities other than financial management1013,161
    96090 - Other service activities not elsewhere classified97,767
    62020 - Information technology consultancy activities78,292
    43999 - Other specialised construction activities not elsewhere classified72,664
    7440 - Advertising61,997
    4525 - Other special trades construction62,071
    49410 - Freight transport by road61,915

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    07385096 TUBE SCIENCE LTD 23 Sep 2010
    07385018 BLUE FLAME EXHAUSTS LTD 23 Sep 2010
    07373545 AUTOTECH MOT CENTRE LTD 13 Sep 2010
    07389955 ANGELA MILES LIMITED 28 Sep 2010
    07380449 MOSS WELDING COMPANY LIMITED 17 Sep 2010
    07378222 CHEMICAL PLUS LIMITED 16 Sep 2010
    07370954 P E S BUILDING REFURBISHMENTS LIMITED 09 Sep 2010
    07369810 INCENTIVE CARS LIMITED 08 Sep 2010
    07367900 APPHOUSE UK LTD 07 Sep 2010
    07367129 ENVIROTEC CIVILS LTD 06 Sep 2010
    07363908 LINDASI LIMITED 02 Sep 2010
    07390972 PROPAK (UK) LIMITED 29 Sep 2010
    07389506 COMPASS DIGITAL MEDIA LTD 28 Sep 2010
    07387271 RIGHT ESTATE AGENTS LTD 24 Sep 2010
    07385905 ECOWARM ENERGY LTD 23 Sep 2010
    07377648 DPP PUBLISHING LIMITED 15 Sep 2010
    07377612 INSPIRED FOR YOU LIMITED 15 Sep 2010
    07376463 ENARO LIMITED 15 Sep 2010
    07373069 VERY BERYL LIMITED 13 Sep 2010
    07368370 PRESTWOOD GARAGE CARS LIMITED 07 Sep 2010
    07367537 HERON ASSOCIATES LIMITED 07 Sep 2010
    07365722 QUANTUM SPINE LIMITED 03 Sep 2010
    07365715 QUANTUM ORTHOPAEDIC LIMITED 03 Sep 2010
    07365714 QUANTUM SHOULDER LIMITED 03 Sep 2010
    OC357641 MI JOINERY LLP 03 Sep 2010