Redditch, Worcestershire
Q1 2014 Business Confidence Report
Headlines
- March 2014 saw a new record in company registrations in Redditch when compared to any previous March.
Contents
New Company Registrations
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Quarterly Data (Q1 Jan-Mar 2014)
A total of 144 companies were registered in Redditch during the first quarter of 2014 (Jan 2014 - Mar 2014).
This figure is an increase of 23.1% versus the same period last year (Q1 2013). This figure compares well to the UK as a whole, which saw an increase of 11.8% against the same period last year.
first quarter (Jan 2014 - Mar 2014) Redditch UK 2014 144 150,722 2013 117 134,802 % change 23.1% 11.8% Record Year 2012 (151) 2007 (166,814) New Companies by Quarter
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Monthly Data (Jan, Feb & Mar 2014)
March 2014 saw a new record in company registrations in Redditch when compared to any previous March.
New Companies by Month
January February March New companies in 2014 42 46 56 New companies in 2013 33 50 34 % change 27.3% -8.0% 64.7% Record Year 2012 (43) 2012 (65) 2007 (56)
Closed Companies (dissolved)
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Quarterly Data (Q1 Jan-Mar 2014)
A total of 77 companies were dissolved in Redditch during the first quarter of 2014 (Jan 2014 - Mar 2014).
This figure is an increase of 13.2% versus the same period last year (Q1 2013). This figure compares poorly to the UK as a whole, which saw an increase of 5.7% against the same period last year.
first quarter (Jan 2014 - Mar 2014) Redditch UK 2014 77 82,370 2013 68 77,914 % change 13.2% 5.7% Record Year 2010 (118) 2009 (108,066) Dissolved Companies by Quarter
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Monthly Data (Jan, Feb & Mar 2014)
Dissolved Companies by Month
January February March Closed companies in 2014 25 28 24 Closed companies in 2013 23 25 20 % change 8.7% 12.0% 20% Record Year 2011 (37) 2010 (42) 2009 (58)
Net Company Growth
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Quarterly Data (Q1 Jan-Mar 2014)
Net company growth for Redditch during the first quarter of 2014 (Jan 2014 - Mar 2014) was 67 companies.
first quarter (Jan 2014 - Mar 2014) Redditch UK 2014 67 68,352 2013 49 56,888 Record Year 2012 (84) 2007 (111,282) Net Growth by Quarter
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Monthly Data (Jan, Feb & Mar 2014)
Net Growth by Month
January February March Net growth in 2014 17 18 32 Net growth in 2013 10 25 14 Record Year 2005 (24) 2012 (41) 2008 (33)
UK Company Share
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Quarterly Data (Q1 Jan-Mar 2014)
In the first quarter of 2014, Redditch formed 0.1% of all UK companies.
first quarter (Jan 2014 - Mar 2014) Redditch 2014 0.1% 2013 0.1% 2012 0.1% 2011 0.1% 2010 0.1% Record Year (since 1960) 1975 (0.2%) Company Share by Quarter
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Monthly Data (Jan, Feb & Mar 2014)
Company Share by Month
January February March UK formation share in 2014 0.1% 0.1% 0.1% UK formation share in 2013 0.1% 0.1% 0.1% % change 19.0% -15.0% 37.5% Record Year 1975 (0.5%) 1993 (0.2%) 1991 (0.3%)
Director Age
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Quarterly Data (Q1 Jan-Mar 2014)
The average age of a director in the first quarter of 2014 was 43.9.
The percentage of directors under the age of 25 was 2.9% compared to the UK figure of 4.6%.
The percentage of directors over the age of 65 was 4.4% compared to the UK figure of 3.5%.
Director Age by Quarter
Director Gender
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Quarterly Data (Q1 Jan-Mar 2014)
The record first quarter for female directors in Redditch was in 2007 when 34.3% of all directors were female.
28.3% of all director appointments in Redditch in the first quarter of 2014 were female. This compares to a UK average of 26.4% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Mar 2013-Mar 2014)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage DESIGN 1.07% CONSULTING 5.22% ENGINEERING 1.07% MANAGEMENT 4.67% PROPERTY 0.95% CONSULTANCY 3.49% REDDITCH 0.95% PROPERTY 2.64% BARS 0.83% TRADING 2.05% MANAGEMENT 0.83% LONDON 1.88% CONSULTING 0.83% ENGINEERING 1.86% (REDDITCH) 0.83% CARE 1.79% BUILDING 0.71% CONSTRUCTION 1.75% HOLDINGS 0.71% DESIGN 1.75% (MIDLANDS) 0.59% CONSULTANTS 1.73% CARE 0.59% BUSINESS 1.71% MEDIA 0.59% PROPERTIES 1.60% TRANSPORT 0.59% INVESTMENTS 1.60% EUROPE 0.47% GLOBAL 1.58% K 0.47% J 1.48% INTERIORS 0.47% ASSOCIATES 1.48% G 0.47% MEDIA 1.48% IN 0.47% IT 1.33% HEATING 0.47% TRANSPORT 1.30% CONSULTANCY 0.47% DEVELOPMENTS 1.29% ASSOCIATES 0.47% BUILDING 1.24% LIBRAE 0.47% M 1.21% J 0.47% CAPITAL 1.20% TRAINING 0.47% ELECTRICAL 1.19%
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 215 280,210 82990 - Other business support service activities not elsewhere classified 76 56,411 99999 - Dormant Company 68 47,084 49410 - Freight transport by road 24 8,014 74909 - Other professional, scientific and technical activities not elsewhere classified 23 18,491 70229 - Management consultancy activities other than financial management 22 37,882 96090 - Other service activities not elsewhere classified 22 26,700 62020 - Information technology consultancy activities 16 27,750 74990 - Non-trading company 15 14,135 56302 - Public houses and bars 14 5,732 43999 - Other specialised construction activities not elsewhere classified 11 8,155 62012 - Business and domestic software development 11 9,509 47910 - Retail sale via mail order houses or via Internet 10 9,358 45200 - Maintenance and repair of motor vehicles 10 5,130 32990 - Other manufacturing not elsewhere classified 8 3,403 41100 - Development of building projects 8 9,855 86900 - Other human health activities 8 10,273 45112 - Sale of used cars and light motor vehicles 7 3,177 69201 - Accounting and auditing activities 7 7,313 56101 - Licensed restaurants 7 7,965
Recent Companies
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Randomly selected companies from this quarter
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