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Redditch, Worcestershire

Q1 2011 Business Confidence Report

Headlines

  • January 2011 saw a new record in company closures in Redditch when compared to any previous January.

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 (Q1 Jan-Mar 2011)

    A total of 101 companies were registered in Redditch during the first quarter of 2011 (Jan 2011 - Mar 2011).

    This figure is a decrease of 13.7% versus the same period last year (Q1 2010). This figure compares badly to the UK as a whole, which saw an increase of 10.7% against the same period last year.

    first quarter (Jan 2011 - Mar 2011)RedditchUK
    2011101116,391
    2010117105,137
    % change-13.7%10.7%
    Record Year 2007 (129) 2007 (166,814)
    New Companies by Quarter
  2. Monthly Data (Jan, Feb & Mar 2011)

    New Companies by Month
    JanuaryFebruaryMarch
    New companies in 2011332939
    New companies in 2010264843
    % change26.9%-39.6%-9.3%
    Record Year2003 (39)2010 (48)2007 (56)

Closed Companies (dissolved)

  1. Quarterly Data (Q1 Jan-Mar 2011)

    A total of 91 companies were dissolved in Redditch during the first quarter of 2011 (Jan 2011 - Mar 2011).

    This figure is a decrease of 22.9% versus the same period last year (Q1 2010). This figure compares well to the UK as a whole, which saw an increase of 10.0% against the same period last year.

    first quarter (Jan 2011 - Mar 2011)RedditchUK
    20119190,986
    201011882,677
    % change-22.9%10.0%
    Record Year 2010 (118) 2009 (108,060)
    Dissolved Companies by Quarter
  2. Monthly Data (Jan, Feb & Mar 2011)

    January 2011 saw a new record in company closures in Redditch when compared to any previous January.

    Dissolved Companies by Month
    JanuaryFebruaryMarch
    Closed companies in 2011372826
    Closed companies in 2010244252
    % change54.2%-33.3%-50%
    Record Year2011 (37)2010 (42)2009 (58)

Net Company Growth

  1. Quarterly Data (Q1 Jan-Mar 2011)

    Net company growth for Redditch during the first quarter of 2011 (Jan 2011 - Mar 2011) was 10 companies.

    first quarter (Jan 2011 - Mar 2011)RedditchUK
    20111025,405
    2010-122,460
    Record Year 2003 (81) 2007 (111,282)
    Net Growth by Quarter
  2. Monthly Data (Jan, Feb & Mar 2011)

    Net Growth by Month
    JanuaryFebruaryMarch
    Net growth in 2011-4113
    Net growth in 201026-9
    Record Year2005 (24)2003 (27)2008 (33)

UK Company Share

  1. Quarterly Data (Q1 Jan-Mar 2011)

    In the first quarter of 2011, Redditch formed 0.1% of all UK companies.

    first quarter (Jan 2011 - Mar 2011)Redditch
    20110.1%
    20100.1%
    20090.1%
    20080.1%
    20070.1%
    Record Year (since 1960) 1979 (0.3%)
    Company Share by Quarter
  2. Monthly Data (Jan, Feb & Mar 2011)

    Company Share by Month
    JanuaryFebruaryMarch
    UK formation share in 20110.1%0.1%0.1%
    UK formation share in 20100.1%0.1%0.1%
    % change9.5%-46.9%-13.4%
    Record Year1975 (0.5%)1960 (0.6%)1972 (0.3%)

Director Age

  1. Quarterly Data (Q1 Jan-Mar 2011)

    The average age of a director in the first quarter of 2011 was 46.4.

    The percentage of directors under the age of 25 was 2.0% compared to the UK figure of 3.0%.

    The percentage of directors over the age of 65 was 7.2% compared to the UK figure of 4.3%.

    Director Age by Quarter

Director Gender

  1. Quarterly Data (Q1 Jan-Mar 2011)

    The record first quarter for female directors in Redditch was in 1861 when 40.0% of all directors were female.

    28.1% of all director appointments in Redditch in the first quarter of 2011 were female. This compares to a UK average of 25.4% for the same period.

    Director Gender by Quarter

Naming Trends

  1. Previous 12 months (Mar 2010-Mar 2011)

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

    wordpercentageuk worduk percentage
    REDDITCH1.32%CONSULTING5.04%
    MANAGEMENT1.32%MANAGEMENT4.97%
    CONSTRUCTION1.32%CONSULTANCY3.16%
    (REDDITCH)1.17%PROPERTY2.38%
    K0.73%TRADING2.10%
    BUSINESS0.73%DESIGN1.93%
    PROPERTY0.73%ASSOCIATES1.92%
    ASSOCIATES0.73%BUSINESS1.87%
    MARKETING0.73%CONSTRUCTION1.80%
    C0.73%CONSULTANTS1.76%
    CAR0.73%MEDIA1.69%
    HOLDINGS0.73%ENGINEERING1.61%
    CARS0.59%LONDON1.60%
    MEDIA0.59%CARE1.45%
    TRAINING0.59%J1.45%
    CONSULTING0.59%GLOBAL1.44%
    MIDLANDS0.59%INVESTMENTS1.43%
    ENGINEERING0.59%IT1.41%
    FOR0.59%PROPERTIES1.36%
    P0.59%BUILDING1.34%
    HIRE0.59%M1.30%
    TRANSPORT0.59%ELECTRICAL1.28%
    QUANTUM0.59%S1.24%
    DESIGN0.44%INTERNATIONAL1.23%
    E0.44%SYSTEMS1.23%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied183202,798
    7487 - Other business activities5660,968
    82990 - Other business support service activities not elsewhere classified3330,253
    99999 - Dormant Company2818,336
    9999 - Dormant Company2219,765
    70229 - Management consultancy activities other than financial management1416,150
    74909 - Other professional, scientific and technical activities not elsewhere classified147,788
    5540 - Bars132,075
    96090 - Other service activities not elsewhere classified1310,085
    7260 - Other computer related activities127,789
    9305 - Other service activities108,740
    62090 - Other information technology service activities106,996
    7499 - Non-trading company1011,316
    43999 - Other specialised construction activities not elsewhere classified93,097
    43210 - Electrical installation83,172
    7414 - Business & management consultancy812,916
    4521 - General construction & civil engineering76,183
    62020 - Information technology consultancy activities710,246
    49410 - Freight transport by road72,167
    5263 - Other non-store retail sale71,853

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    07582244 ASTWOODBANK ROOFING LTD 29 Mar 2011
    07575946 CLOTHES4XCHANGE LIMITED 23 Mar 2011
    07572746 SIMPLY STONE EVESHAM LIMITED 22 Mar 2011
    07572596 ALPHA REACH & WASH LIMITED 22 Mar 2011
    07571970 EPLUSGREEN LTD 21 Mar 2011
    07569609 BRITANNIA FISH BAR LIMITED 18 Mar 2011
    07567955 PERPETUAL BUSINESS SOLUTIONS LTD 17 Mar 2011
    07564238 PEOPLETOPIA LTD 15 Mar 2011
    07564134 ADRIAN TARRY CARPETS LIMITED 15 Mar 2011
    07562765 CLEARVIEW WINDSCREENS LTD 14 Mar 2011
    07562088 SELL THAT CAR LIMITED 14 Mar 2011
    07551993 KGB MEDICAL SERVICES LTD 04 Mar 2011
    07551919 PETER TEAGUE ASSOCIATES LIMITED 04 Mar 2011
    07550877 CRISCO ELECTRONICS LIMITED 03 Mar 2011
    07546464 LINDMERE LTD 01 Mar 2011
    07580470 METALLURGICAL & TECHNICAL SERVICES LIMITED 28 Mar 2011
    07579599 2YOURDESK LIMITED 28 Mar 2011
    07567212 JANKU TRANSPORT LTD 16 Mar 2011
    07561207 LLOYDS LETTINGS LIMITED 11 Mar 2011
    07556528 REDDITCH CAR HIRE LIMITED 08 Mar 2011
    07554292 KEELEY ENGINEERING LIMITED 07 Mar 2011
    07551831 MARWIL ASSOCIATES LIMITED 04 Mar 2011
    07551444 2YOURMOBILE LTD 03 Mar 2011
    07549216 SPORTHORSE SEARCH LTD 02 Mar 2011
    07583069 COLOURFUL LIFE FOUNDATION 29 Mar 2011