Redditch, Worcestershire

2012 Annual Business Confidence Report

Headlines

  • October 2012 saw a new record in company closures in Redditch when compared to any previous October.

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. Annual Data (2012)

    A total of 433 companies were formed in Redditch in 2012. This total is 0.0% the same as in 2011 and compares poorly to the UK figure of a 8.6% growth compared to 452,870 the previous year.

    YearRedditchUK
    2012433491,893
    2011433452,870
    2010389400,358
    2009353362,675
    2008410349,203
    Record Year2003 (456)2012 (491,893)
    New Companies by Year
  2. Half Year Data (Jul-Dec 2012)

    In the second half of 2012 a total of 182 companies were formed in Redditch. This figure is 15.0% lower than last year, which compares badly to the UK wide figure of 6.5%.

    The highest total for a second half year in Redditch occurred in 2011 when a total of 214 were formed.

    Half Year (Jul-Dec)RedditchUK
    2012182238,743
    2011214224,135
    % change-15.0%6.5%
    Record Year2011 (214)2012 (238,743)
    New Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2012)

    A total of 83 companies were registered in Redditch during the fourth quarter of 2012 (Oct 2012 - Dec 2012).

    This figure is a decrease of 23.1% versus the same period last year (Q4 2011). This figure compares badly to the UK as a whole, which saw an increase of 9.4% against the same period last year.

    fourth quarter (Oct 2012 - Dec 2012)RedditchUK
    201283119,875
    2011108109,623
    % change-23.1%9.4%
    Record Year 2011 (108) 2012 (119,875)
    New Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2012)

    New Companies by Month
    OctoberNovemberDecember
    New companies in 2012333317
    New companies in 2011403830
    % change-17.5%-13.2%-43.3%
    Record Year2011 (40)2011 (38)2011 (30)

Closed Companies (dissolved)

  1. Annual Data (2012)

    A total of 304 companies were dissolved in Redditch in 2012. This total is 7.4% higher than in 2011 and compares favourably to the UK figure of 6.6% decrease compared to the previous year.

    YearRedditchUK
    2012304293,728
    2011283314,524
    2010473342,233
    2009401533,787
    2008166237,873
    Record Year2010 (473)2009 (533,787)
    Dissolved Companies by Year
  2. Half Year Data (Jul-Dec 2012)

    In the second half of 2012 a total of 163 companies were dissolved in Redditch. This figure is 22.6% higher than last year, which compares badly to the UK wide change of -4.1%.

    The highest total for a second half year in Redditch occurred in 2010 when a total of 234 were closed.

    Half Year (Jul-Dec)RedditchUK
    2012163145,934
    2011133152,213
    % change22.6%-4.1%
    Record Year2010 (234)2009 (244,543)
    Dissolved Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2012)

    A total of 83 companies were dissolved in Redditch during the fourth quarter of 2012 (Oct 2012 - Dec 2012).

    This figure is an increase of 5.1% versus the same period last year (Q4 2011). This figure compares poorly to the UK as a whole, which saw a decrease of 12.4% against the same period last year.

    fourth quarter (Oct 2012 - Dec 2012)RedditchUK
    20128370,026
    20117979,983
    % change5.1%-12.4%
    Record Year 2009 (101) 2009 (85,139)
    Dissolved Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2012)

    October 2012 saw a new record in company closures in Redditch when compared to any previous October.

    Dissolved Companies by Month
    OctoberNovemberDecember
    Closed companies in 2012452513
    Closed companies in 2011173329
    % change164.7%-24.2%-55%
    Record Year2012 (45)2009 (43)2009 (37)

Net Company Growth

  1. Annual Data (2012)

    A total of 129 companies were added to the company register for Redditch in 2012. This number represents growth of 29.8% in the total number of active companies, which compares unfavourably to the UK figure of 43.8%.

    This number is 21 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.

    YearRedditchUK
    2012129198,165
    2011150138,346
    2010-8458,125
    2009-48-171,112
    2008244111,330
    Record Year2003 (314)2003 (242,541)
    Net Growth by Year
  2. Half Year Data (Jul-Dec 2012)

    In the second half of 2012 the company register for Redditch increased by 19 companies.

    Half Year (Jul-Dec)RedditchUK
    20121992,809
    20118171,922
    Record Year2003 (122)2003 (117,772)
    Net Growth by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2012)

    Net company growth for Redditch during the fourth quarter of 2012 (Oct 2012 - Dec 2012) was 0 companies.

    fourth quarter (Oct 2012 - Dec 2012)RedditchUK
    2012049,849
    20112929,640
    Record Year 2003 (51) 2003 (57,175)
    Net Growth by Quarter
  4. Monthly Data (Oct, Nov & Dec 2012)

    Net Growth by Month
    OctoberNovemberDecember
    Net growth in 2012-1284
    Net growth in 20112351
    Record Year2008 (34)1997 (16)2002 (16)

UK Company Share

  1. Annual Data (2012)

    In 2012 Redditch formed 0.1% of all UK companies. This is no change on 2011 when Redditch was responsible for 0.1% of all UK companies.

    YearRedditch
    20120.1%
    20110.1%
    20100.1%
    20090.1%
    20080.1%
    Record Year (since 1960)1975 (0.2%)
    Company Share by Year
  2. Half Year Data (Jul-Dec 2012)

    In the second half of 2012 Redditch formed 0.1% of all UK companies. This is the same as the 2011 figure of 0.1%.

    Half Year (Jul-Dec)Redditch
    20120.1%
    20110.1%
    20100.1%
    20090.1%
    20080.1%
    Record Year (since 1960) 1961 (0.2%)
    Company Share by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2012)

    In the fourth quarter of 2012, Redditch formed 0.1% of all UK companies.

    fourth quarter (Oct 2012 - Dec 2012)Redditch
    20120.1%
    20110.1%
    20100.1%
    20090.1%
    20080.1%
    Record Year (since 1960) 1966 (0.3%)
    Company Share by Quarter
  4. Monthly Data (Oct, Nov & Dec 2012)

    Company Share by Month
    OctoberNovemberDecember
    UK formation share in 20120.1%0.1%0.1%
    UK formation share in 20110.1%0.1%0.1%
    % change-30.7%-17.3%-44.8%
    Record Year1960 (0.4%)1966 (0.5%)1968 (0.4%)

Director Age

  1. Annual Data (2012)

    The average age of a director in 2012 was 45.7.

    The percentage of directors under the age of 25 was 2.5% compared to the UK figure of 3.8%.

    The percentage of directors over the age of 65 was 5.2% compared to the UK figure of 4.1%.

    Director Age by Year
  2. Half Year Data (Jul-Dec 2012)

    The average age of a director in the second half of 2012 was 43.8.

    The percentage of directors under the age of 25 was 1.9% compared to the UK figure of 4.3%.

    The percentage of directors over the age of 65 was 6.1% compared to the UK figure of 4.0%.

    Director Age by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2012)

    The average age of a director in the fourth quarter of 2012 was 41.0.

    The percentage of directors under the age of 25 was 4.7% compared to the UK figure of 4.4%.

    The percentage of directors over the age of 65 was 4.7% compared to the UK figure of 3.9%.

    Director Age by Quarter

Director Gender

  1. Annual Data (2012)

    The record year for female directors in Redditch was 1860 when 35.7% of all directors were female.

    The percentage of female directors in Redditch in 2012 was 36.7%. The average for the UK during this time was 29.9%

    Director Gender by Year
  2. Half Year Data (Jul-Dec 2012)

    The record second half year for female directors in Redditch was 1860 when 42.9% of all directors were female.

    20.9% of all director appointments in Redditch in the second half of 2012 were female. This compares to a UK average of 25.5% for the same period.

    Director Gender by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2012)

    The record fourth quarter for female directors in Redditch was in 1977 when 31.2% of all directors were female.

    18.8% of all director appointments in Redditch in the fourth quarter of 2012 were female. This compares to a UK average of 25.3% for the same period.

    Director Gender by Quarter

Naming Trends

  1. Previous 12 months (Dec 2011-Dec 2012)

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

    wordpercentageuk worduk percentage
    MANAGEMENT1.03%CONSULTING5.15%
    J0.78%MANAGEMENT4.78%
    R0.78%CONSULTANCY3.31%
    MEDIA0.65%PROPERTY2.40%
    BUSINESS0.65%TRADING2.03%
    M0.65%DESIGN1.86%
    MEDICAL0.65%ASSOCIATES1.82%
    CONSULTANCY0.65%ENGINEERING1.79%
    GREEN0.52%BUSINESS1.76%
    LOGISTICS0.52%CONSULTANTS1.75%
    ENTERPRISES0.52%CONSTRUCTION1.69%
    ACADEMY0.52%LONDON1.69%
    (MIDLANDS)0.52%MEDIA1.69%
    CONSULTANTS0.52%GLOBAL1.59%
    H0.52%J1.57%
    DEVELOPMENT0.52%INVESTMENTS1.46%
    MARKETING0.52%IT1.43%
    LOCKDOWN0.52%CARE1.39%
    TRAINING0.52%PROPERTIES1.34%
    ENGINEERING0.52%M1.26%
    CREATIVE0.52%BUILDING1.23%
    ELECTRICAL0.52%ENTERPRISES1.21%
    PROPERTY0.52%TRAINING1.18%
    REDDITCH0.52%ELECTRICAL1.17%
    ENDEAVOUR0.52%SECURITY1.17%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied168236,139
    82990 - Other business support service activities not elsewhere classified9052,427
    99999 - Dormant Company5540,648
    74909 - Other professional, scientific and technical activities not elsewhere classified2315,572
    74990 - Non-trading company2313,808
    49410 - Freight transport by road195,165
    70229 - Management consultancy activities other than financial management1830,396
    96090 - Other service activities not elsewhere classified1722,058
    62020 - Information technology consultancy activities1523,256
    43999 - Other specialised construction activities not elsewhere classified156,419
    86900 - Other human health activities107,866
    45200 - Maintenance and repair of motor vehicles104,290
    62012 - Business and domestic software development107,446
    7487 - Other business activities910,703
    56302 - Public houses and bars94,543
    41100 - Development of building projects87,980
    47910 - Retail sale via mail order houses or via Internet76,307
    62090 - Other information technology service activities712,291
    41202 - Construction of domestic buildings64,882
    68209 - Other letting and operating of own or leased real estate66,971

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    08275975 HALL FARM MANAGEMENT COMPANY LIMITED 31 Oct 2012
    08253035 SPLAT-A LIMITED 15 Oct 2012
    08253884 CENTRAL AUTOMATION LTD 15 Oct 2012
    08254726 SYNERGY SOLUTIONS & LOGISTICS LIMITED 16 Oct 2012
    08255666 JJC AUTOS LTD 16 Oct 2012
    08260820 ROCKING RACERS LIMITED 19 Oct 2012
    08262841 SYSTEMBOOM LC LIMITED 22 Oct 2012
    08275443 KIT'S KITCHEN LTD 31 Oct 2012
    08234674 ORTHOMOTION MEDICAL LTD 01 Oct 2012
    08235377 BOXFRESH MEDIA LTD. 01 Oct 2012
    08235656 CREATIVE SOLUTIONS (WORCS) LTD 01 Oct 2012
    08236935 IPG TRADING LTD 02 Oct 2012
    08237248 PJJ PROJECTS LIMITED 02 Oct 2012
    08237775 SALGLAZE LIMITED 02 Oct 2012
    08241871 SURGICRAFT LOCKDOWN LIMITED 05 Oct 2012
    08243890 UNIVERSAL GIFTS & TREATS LTD 08 Oct 2012
    08252486 SCOTTS ELECTRICAL CONTRACTORS (UK) LTD 15 Oct 2012
    08252899 TELCO SSMS LTD 15 Oct 2012
    08253061 REDDITCH WEB SOLUTIONS LTD. 15 Oct 2012
    08253304 CJRODGERS LTD 15 Oct 2012
    08259655 SUSPECT STORE LIMITED 18 Oct 2012
    08262514 LGV DRIVE UK LTD 22 Oct 2012
    08264353 MANIC INK LIMITED 23 Oct 2012
    08270160 THE ALL AMERICAN DINER LIMITED 26 Oct 2012
    08275719 E J CARPENTRY LTD 31 Oct 2012