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
New Company Registrations
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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) Redditch UK 2011 101 116,391 2010 117 105,137 % change -13.7% 10.7% Record Year 2007 (129) 2007 (166,814) New Companies by Quarter
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Monthly Data (Jan, Feb & Mar 2011)
New Companies by Month
January February March New companies in 2011 33 29 39 New companies in 2010 26 48 43 % change 26.9% -39.6% -9.3% Record Year 2003 (39) 2010 (48) 2007 (56)
Closed Companies (dissolved)
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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) Redditch UK 2011 91 90,986 2010 118 82,677 % change -22.9% 10.0% Record Year 2010 (118) 2009 (108,060) Dissolved Companies by Quarter
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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
January February March Closed companies in 2011 37 28 26 Closed companies in 2010 24 42 52 % change 54.2% -33.3% -50% Record Year 2011 (37) 2010 (42) 2009 (58)
Net Company Growth
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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) Redditch UK 2011 10 25,405 2010 -1 22,460 Record Year 2003 (81) 2007 (111,282) Net Growth by Quarter
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Monthly Data (Jan, Feb & Mar 2011)
Net Growth by Month
January February March Net growth in 2011 -4 1 13 Net growth in 2010 2 6 -9 Record Year 2005 (24) 2003 (27) 2008 (33)
UK Company Share
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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 2011 0.1% 2010 0.1% 2009 0.1% 2008 0.1% 2007 0.1% Record Year (since 1960) 1979 (0.3%) Company Share by Quarter
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Monthly Data (Jan, Feb & Mar 2011)
Company Share by Month
January February March UK formation share in 2011 0.1% 0.1% 0.1% UK formation share in 2010 0.1% 0.1% 0.1% % change 9.5% -46.9% -13.4% Record Year 1975 (0.5%) 1960 (0.6%) 1972 (0.3%)
Director Age
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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
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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
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Previous 12 months (Mar 2010-Mar 2011)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage REDDITCH 1.32% CONSULTING 5.04% MANAGEMENT 1.32% MANAGEMENT 4.97% CONSTRUCTION 1.32% CONSULTANCY 3.16% (REDDITCH) 1.17% PROPERTY 2.38% K 0.73% TRADING 2.10% BUSINESS 0.73% DESIGN 1.93% PROPERTY 0.73% ASSOCIATES 1.92% ASSOCIATES 0.73% BUSINESS 1.87% MARKETING 0.73% CONSTRUCTION 1.80% C 0.73% CONSULTANTS 1.76% CAR 0.73% MEDIA 1.69% HOLDINGS 0.73% ENGINEERING 1.61% CARS 0.59% LONDON 1.60% MEDIA 0.59% CARE 1.45% TRAINING 0.59% J 1.45% CONSULTING 0.59% GLOBAL 1.44% MIDLANDS 0.59% INVESTMENTS 1.43% ENGINEERING 0.59% IT 1.41% FOR 0.59% PROPERTIES 1.36% P 0.59% BUILDING 1.34% HIRE 0.59% M 1.30% TRANSPORT 0.59% ELECTRICAL 1.28% QUANTUM 0.59% S 1.24% DESIGN 0.44% INTERNATIONAL 1.23% E 0.44% SYSTEMS 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 183 202,798 7487 - Other business activities 56 60,968 82990 - Other business support service activities not elsewhere classified 33 30,253 99999 - Dormant Company 28 18,336 9999 - Dormant Company 22 19,765 70229 - Management consultancy activities other than financial management 14 16,150 74909 - Other professional, scientific and technical activities not elsewhere classified 14 7,788 5540 - Bars 13 2,075 96090 - Other service activities not elsewhere classified 13 10,085 7260 - Other computer related activities 12 7,789 9305 - Other service activities 10 8,740 62090 - Other information technology service activities 10 6,996 7499 - Non-trading company 10 11,316 43999 - Other specialised construction activities not elsewhere classified 9 3,097 43210 - Electrical installation 8 3,172 7414 - Business & management consultancy 8 12,916 4521 - General construction & civil engineering 7 6,183 62020 - Information technology consultancy activities 7 10,246 49410 - Freight transport by road 7 2,167 5263 - Other non-store retail sale 7 1,853
Recent Companies
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Randomly selected companies from this quarter
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