Redditch, Worcestershire
2010 Annual Business Confidence Report
Headlines
- 2010 was a record year for company closures in Redditch when compared to any year in history.
- The second half of 2010 saw a new record in company closures in Redditch when compared to any previous second half year.
- October 2010 saw a new record in company closures in Redditch when compared to any previous October.
Contents
New Company Registrations
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Annual Data (2010)
A total of 389 companies were formed in Redditch in 2010. This total is 10.2% higher than in 2009 and compares equally to the UK figure of a 10.4% growth compared to 362,675 the previous year.
Year Redditch UK 2010 389 400,358 2009 353 362,675 2008 410 349,203 2007 416 457,649 2006 404 405,440 Record Year 2003 (456) 2007 (457,649) New Companies by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 a total of 179 companies were formed in Redditch. This figure is 14.0% higher than last year, which compares well to the UK wide figure of 8.8%.
The highest total for a second half year in Redditch occurred in 2006 when a total of 203 were formed.
Half Year (Jul-Dec) Redditch UK 2010 179 196,609 2009 157 180,654 % change 14.0% 8.8% Record Year 2006 (203) 2003 (201,446) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
A total of 79 companies were registered in Redditch during the fourth quarter of 2010 (Oct 2010 - Dec 2010).
This figure is an increase of 1.3% versus the same period last year (Q4 2009). This figure compares badly to the UK as a whole, which saw an increase of 10.6% against the same period last year.
fourth quarter (Oct 2010 - Dec 2010) Redditch UK 2010 79 95,117 2009 78 85,983 % change 1.3% 10.6% Record Year 2002 (92) 2010 (95,117) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
New Companies by Month
October November December New companies in 2010 24 32 23 New companies in 2009 30 28 20 % change -20.0% 14.3% 15.0% Record Year 2006 (39) 2005 (37) 2008 (27)
Closed Companies (dissolved)
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Annual Data (2010)
2010 was a record year for company closures in Redditch when compared to any year in history.
A total of 473 companies were dissolved in Redditch in 2010. This total is 18.0% higher than in 2009 and compares favourably to the UK figure of 35.9% decrease compared to the previous year.
Year Redditch UK 2010 473 342,232 2009 401 533,773 2008 166 237,901 2007 216 220,295 2006 235 200,166 Record Year 2010 (473) 2009 (533,773) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2010)
The second half of 2010 saw a new record in company closures in Redditch when compared to any previous second half year.
In the second half of 2010 a total of 234 companies were dissolved in Redditch. This figure is 21.2% higher than last year, which compares badly to the UK wide change of -32.7%.
The highest total for a second half year in Redditch occurred in 2010 when a total of 234 were closed.
Half Year (Jul-Dec) Redditch UK 2010 234 164,601 2009 193 244,537 % change 21.2% -32.7% Record Year 2010 (234) 2009 (244,537) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
A total of 90 companies were dissolved in Redditch during the fourth quarter of 2010 (Oct 2010 - Dec 2010).
This figure is a decrease of 10.9% versus the same period last year (Q4 2009). This figure compares well to the UK as a whole, which saw a decrease of 9.7% against the same period last year.
fourth quarter (Oct 2010 - Dec 2010) Redditch UK 2010 90 76,896 2009 101 85,136 % change -10.9% -9.7% Record Year 2009 (101) 2009 (85,136) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
October 2010 saw a new record in company closures in Redditch when compared to any previous October.
Dissolved Companies by Month
October November December Closed companies in 2010 28 40 22 Closed companies in 2009 21 43 37 % change 33.3% -7.0% -41% Record Year 2010 (28) 2009 (43) 2009 (37)
Net Company Growth
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Annual Data (2010)
A total of -84 companies were removed to the company register for Redditch in 2010. This number represents decline of 23.8% in the total number of active companies, which compares unfavourably to the UK figure of 16.0%.
This number is 36 companies lower than the previous year.
The highest net company growth figure ever seen in one year came in 2003 when the Redditch company register grew by 314 companies.
Year Redditch UK 2010 -84 58,126 2009 -48 -171,098 2008 244 111,302 2007 200 237,354 2006 169 205,274 Record Year 2003 (314) 2003 (242,543) Net Growth by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 the company register for Redditch decreased by 55 companies.
Half Year (Jul-Dec) Redditch UK 2010 -55 32,008 2009 -36 -63,883 Record Year 2003 (122) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
Net company growth for Redditch during the fourth quarter of 2010 (Oct 2010 - Dec 2010) was -11 companies.
fourth quarter (Oct 2010 - Dec 2010) Redditch UK 2010 -11 18,221 2009 -23 847 Record Year 2003 (51) 2003 (57,175) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
Net Growth by Month
October November December Net growth in 2010 -4 -8 1 Net growth in 2009 9 -15 -17 Record Year 2008 (34) 1997 (16) 2002 (16)
UK Company Share
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Annual Data (2010)
In 2010 Redditch formed 0.1% of all UK companies. This is no change on 2009 when Redditch was responsible for 0.1% of all UK companies.
Year 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 Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 Redditch formed 0.1% of all UK companies. This is the same as the 2009 figure of 0.1%.
Half Year (Jul-Dec) Redditch 2010 0.1% 2009 0.1% 2008 0.1% 2007 0.1% 2006 0.1% Record Year (since 1960) 1961 (0.2%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
In the fourth quarter of 2010, Redditch formed 0.1% of all UK companies.
fourth quarter (Oct 2010 - Dec 2010) Redditch 2010 0.1% 2009 0.1% 2008 0.1% 2007 0.1% 2006 0.1% Record Year (since 1960) 1966 (0.3%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
Company Share by Month
October November December UK formation share in 2010 0.1% 0.1% 0.1% UK formation share in 2009 0.1% 0.1% 0.1% % change -29.9% 2.2% 9.4% Record Year 1960 (0.4%) 1966 (0.5%) 1968 (0.4%)
Director Age
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Annual Data (2010)
The average age of a director in 2010 was 44.7.
The percentage of directors under the age of 25 was 3.0% compared to the UK figure of 2.5%.
The percentage of directors over the age of 65 was 4.5% compared to the UK figure of 4.5%.
Director Age by Year
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Half Year Data (Jul-Dec 2010)
The average age of a director in the second half of 2010 was 45.2.
The percentage of directors under the age of 25 was 3.7% compared to the UK figure of 2.8%.
The percentage of directors over the age of 65 was 4.4% compared to the UK figure of 4.4%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
The average age of a director in the fourth quarter of 2010 was 44.2.
The percentage of directors under the age of 25 was 4.4% compared to the UK figure of 3.0%.
The percentage of directors over the age of 65 was 4.4% compared to the UK figure of 4.4%.
Director Age by Quarter
Director Gender
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Annual Data (2010)
The record year for female directors in Redditch was 1857 when 36.4% of all directors were female.
The percentage of female directors in Redditch in 2010 was 32.6%. The average for the UK during this time was 26.2%
Director Gender by Year
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Half Year Data (Jul-Dec 2010)
The record second half year for female directors in Redditch was 1860 when 42.9% of all directors were female.
26.2% of all director appointments in Redditch in the second half of 2010 were female. This compares to a UK average of 25.0% for the same period.
Director Gender by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
The record fourth quarter for female directors in Redditch was in 1977 when 31.1% of all directors were female.
27.3% of all director appointments in Redditch in the fourth 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 (Dec 2009-Dec 2010)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage (REDDITCH) 1.30% CONSULTING 5.06% MANAGEMENT 1.30% MANAGEMENT 5.01% CONSTRUCTION 1.16% CONSULTANCY 3.14% ELECTRICAL 1.01% PROPERTY 2.36% REDDITCH 1.01% TRADING 2.11% E 1.01% ASSOCIATES 1.95% CONSULTANCY 0.87% DESIGN 1.92% HOLDINGS 0.87% BUSINESS 1.82% PLUMBING 0.72% CONSTRUCTION 1.82% MARKETING 0.72% CONSULTANTS 1.76% ASSOCIATES 0.72% MEDIA 1.71% B 0.72% ENGINEERING 1.62% FOR 0.58% LONDON 1.60% BUSINESS 0.58% CARE 1.45% PROPERTY 0.58% INVESTMENTS 1.44% MEDIA 0.58% GLOBAL 1.43% R 0.58% J 1.42% QUANTUM 0.58% IT 1.41% FINANCIAL 0.58% PROPERTIES 1.34% CARS 0.58% INTERNATIONAL 1.34% J 0.58% BUILDING 1.34% SIGMA 0.58% M 1.30% HEATING 0.58% ELECTRICAL 1.25% DESIGN 0.58% SYSTEMS 1.24% C 0.58% 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 181 199,572 7487 - Other business activities 56 63,348 82990 - Other business support service activities not elsewhere classified 31 27,550 9999 - Dormant Company 20 20,144 99999 - Dormant Company 18 16,285 7499 - Non-trading company 13 12,000 74909 - Other professional, scientific and technical activities not elsewhere classified 13 7,088 5540 - Bars 13 2,093 96090 - Other service activities not elsewhere classified 13 8,799 7260 - Other computer related activities 12 8,089 62090 - Other information technology service activities 11 6,330 70229 - Management consultancy activities other than financial management 11 14,505 9305 - Other service activities 10 8,858 7414 - Business & management consultancy 9 13,474 4521 - General construction & civil engineering 8 6,598 43210 - Electrical installation 7 2,980 49410 - Freight transport by road 7 2,008 43999 - Other specialised construction activities not elsewhere classified 6 2,854 62020 - Information technology consultancy activities 6 9,177 5263 - Other non-store retail sale 6 1,880
Recent Companies
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Randomly selected companies from this quarter
reports
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