Redditch, Worcestershire

2014 Half Year Business Confidence Report

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. Half Year Data (Jan-Jun 2014)

    In the first half of 2014 a total of 254 companies were formed in Redditch. This figure is 17.6% higher than last year, which compares well to the UK wide figure of 11.6%.

    The highest total for a first half year in Redditch occurred in 2003 when a total of 261 were formed.

    Half Year (Jan-Jun)RedditchUK
    2014254300,731
    2013216269,432
    % change17.6%11.6%
    Record Year2003 (261)2014 (300,731)
    New Companies by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    A total of 110 companies were registered in Redditch during the second quarter of 2014 (Apr 2014 - Jun 2014).

    This figure is an increase of 11.1% versus the same period last year (Q2 2013). This figure compares equally to the UK as a whole, which saw an increase of 11.4% against the same period last year.

    second quarter (Apr 2014 - Jun 2014)RedditchUK
    2014110150,009
    201399134,630
    % change11.1%11.4%
    Record Year 2008 (121) 2014 (150,009)
    New Companies by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    New Companies by Month
    AprilMayJune
    New companies in 2014403832
    New companies in 2013432927
    % change-7.0%31.0%18.5%
    Record Year2008 (46)2003 (41)2003 (56)

Closed Companies (dissolved)

  1. Half Year Data (Jan-Jun 2014)

    In the first half of 2014 a total of 172 companies were dissolved in Redditch. This figure is 33.3% higher than last year, which compares badly to the UK wide change of 14.2%.

    The highest total for a first half year in Redditch occurred in 2010 when a total of 239 were closed.

    Half Year (Jan-Jun)RedditchUK
    2014172177,207
    2013129155,192
    % change33.3%14.2%
    Record Year2010 (239)2009 (289,245)
    Dissolved Companies by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    A total of 95 companies were dissolved in Redditch during the second quarter of 2014 (Apr 2014 - Jun 2014).

    This figure is an increase of 55.7% versus the same period last year (Q2 2013). This figure compares poorly to the UK as a whole, which saw an increase of 22.7% against the same period last year.

    second quarter (Apr 2014 - Jun 2014)RedditchUK
    20149594,837
    20136177,278
    % change55.7%22.7%
    Record Year 2009 (122) 2009 (181,179)
    Dissolved Companies by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    Dissolved Companies by Month
    AprilMayJune
    Closed companies in 2014233933
    Closed companies in 2013231919
    % change0.0%105.3%74%
    Record Year2010 (28)2009 (54)2010 (53)

Net Company Growth

  1. Half Year Data (Jan-Jun 2014)

    In the first half of 2014 the company register for Redditch increased by 82 companies.

    Half Year (Jan-Jun)RedditchUK
    201482123,524
    201387114,240
    Record Year2003 (192)2007 (171,296)
    Net Growth by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    Net company growth for Redditch during the second quarter of 2014 (Apr 2014 - Jun 2014) was 15 companies.

    second quarter (Apr 2014 - Jun 2014)RedditchUK
    20141555,172
    20133857,352
    Record Year 2008 (88) 2007 (60,014)
    Net Growth by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    Net Growth by Month
    AprilMayJune
    Net growth in 201417-1-1
    Net growth in 201320108
    Record Year2008 (33)2003 (34)2003 (46)

UK Company Share

  1. Half Year Data (Jan-Jun 2014)

    In the first half of 2014 Redditch formed 0.1% of all UK companies. This is the same as the 2013 figure of 0.1%.

    Half Year (Jan-Jun)Redditch
    20140.1%
    20130.1%
    20120.1%
    20110.1%
    20100.1%
    Record Year (since 1960) 1993 (0.1%)
    Company Share by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    In the second quarter of 2014, Redditch formed 0.1% of all UK companies.

    second quarter (Apr 2014 - Jun 2014)Redditch
    20140.1%
    20130.1%
    20120.1%
    20110.1%
    20100.1%
    Record Year (since 1960) 2008 (0.1%)
    Company Share by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    Company Share by Month
    AprilMayJune
    UK formation share in 20140.1%0.1%0.1%
    UK formation share in 20130.1%0.1%0.1%
    % change-16.1%20.8%2.6%
    Record Year1992 (0.2%)1997 (0.1%)1991 (0.2%)

Director Age

  1. Half Year Data (Jan-Jun 2014)

    The average age of a director in the first half of 2014 was 44.8.

    The percentage of directors under the age of 25 was 5.6% compared to the UK figure of 4.3%.

    The percentage of directors over the age of 65 was 3.8% compared to the UK figure of 3.5%.

    Director Age by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    The average age of a director in the second quarter of 2014 was 45.7.

    The percentage of directors under the age of 25 was 8.2% compared to the UK figure of 3.9%.

    The percentage of directors over the age of 65 was 3.2% compared to the UK figure of 3.6%.

    Director Age by Quarter

Director Gender

  1. Half Year Data (Jan-Jun 2014)

    The record first half year for female directors in Redditch was 2007 when 32.4% of all directors were female.

    24.5% of all director appointments in Redditch in the first half of 2014 were female. This compares to a UK average of 26.1% for the same period.

    Director Gender by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    The record second quarter for female directors in Redditch was in 2006 when 33.8% of all directors were female.

    20.9% of all director appointments in Redditch in the second quarter of 2014 were female. This compares to a UK average of 25.9% for the same period.

    Director Gender by Quarter

Naming Trends

  1. Previous 12 months (Jun 2013-Jun 2014)

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

    wordpercentageuk worduk percentage
    DESIGN1.17%CONSULTING5.16%
    REDDITCH1.05%MANAGEMENT4.64%
    PROPERTY0.94%CONSULTANCY3.50%
    BARS0.94%PROPERTY2.66%
    MANAGEMENT0.82%TRADING2.03%
    TRANSPORT0.82%ENGINEERING1.99%
    ENGINEERING0.82%CONSTRUCTION1.93%
    CARE0.82%LONDON1.93%
    CONSULTING0.82%CARE1.85%
    HOLDINGS0.70%DESIGN1.75%
    ASSOCIATES0.58%CONSULTANTS1.73%
    (MIDLANDS)0.58%BUSINESS1.69%
    J0.58%PROPERTIES1.63%
    TRAINING0.58%TRANSPORT1.58%
    BLUE0.58%GLOBAL1.55%
    K0.58%INVESTMENTS1.55%
    CONSULTANCY0.47%J1.51%
    MIDLANDS0.47%ASSOCIATES1.48%
    HEATING0.47%MEDIA1.44%
    PROPERTIES0.47%ELECTRICAL1.40%
    LIBRAE0.47%IT1.33%
    INSTALLATIONS0.47%DEVELOPMENTS1.33%
    BUILDING0.47%BUILDING1.26%
    EUROPE0.47%M1.24%
    (REDDITCH)0.47%CO.,1.20%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied194261,557
    82990 - Other business support service activities not elsewhere classified7057,421
    99999 - Dormant Company6948,436
    70229 - Management consultancy activities other than financial management2740,250
    62020 - Information technology consultancy activities2329,029
    96090 - Other service activities not elsewhere classified2328,352
    49410 - Freight transport by road239,265
    74909 - Other professional, scientific and technical activities not elsewhere classified1919,058
    74990 - Non-trading company1814,351
    56302 - Public houses and bars136,099
    47910 - Retail sale via mail order houses or via Internet119,900
    32990 - Other manufacturing not elsewhere classified113,534
    62012 - Business and domestic software development109,834
    43390 - Other building completion and finishing95,855
    45112 - Sale of used cars and light motor vehicles93,392
    56101 - Licensed restaurants98,585
    43999 - Other specialised construction activities not elsewhere classified98,533
    86900 - Other human health activities911,292
    88990 - Other social work activities without accommodation not elsewhere classified74,170
    43210 - Electrical installation76,050

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    08972581 CANNER INSTALLATIONS LIMITED 02 Apr 2014
    08972613 J SUTOR ROOFING LTD 02 Apr 2014
    08977211 MAGNIA LIMITED 03 Apr 2014
    08979040 ADORE YOUR HOME LTD 04 Apr 2014
    08984141 WOJCIK LTD 08 Apr 2014
    08986456 TVXPERT LIMITED 08 Apr 2014
    08988055 CONCETTO MANAGEMENT LTD 09 Apr 2014
    09000028 SUPER AUDIO BRAINS LTD 16 Apr 2014
    OC392766 DEXTROXY LLP 22 Apr 2014
    09004119 UNIFIED TRAINERS LTD 22 Apr 2014
    09005760 DSE ACCOUNTANTS LTD 22 Apr 2014
    09008115 C AND O INSTALLATIONS LIMITED 23 Apr 2014
    09009911 EJC CLEANING SERVICES LTD 24 Apr 2014
    09011101 AVICENNA SURGICAL LIMITED 25 Apr 2014
    09012742 A G LEWIS LTD 25 Apr 2014
    09015647 YOUR CARE DIRECT LIMITED 29 Apr 2014
    09017438 WHAT'S THE BUZZ LTD 29 Apr 2014
    09019064 CLEVER CUBS CHILDCARE LIMITED 30 Apr 2014
    08976225 SOUTHCREST PROPERTIES LIMITED 03 Apr 2014
    08980829 BOXABEDS LIMITED 07 Apr 2014
    08981064 MDL & ASSOCIATES LIMITED 07 Apr 2014
    08988752 GORDY 1960 LIMITED 09 Apr 2014
    08988979 ASAIN CATERING LTD 09 Apr 2014
    09015968 SWR 13 LTD. 29 Apr 2014
    09016477 IQ EXHIBITIONS LTD 29 Apr 2014