Redditch, Worcestershire
2014 Half Year Business Confidence Report
Contents
New Company Registrations
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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) Redditch UK 2014 254 300,731 2013 216 269,432 % change 17.6% 11.6% Record Year 2003 (261) 2014 (300,731) New Companies by Half Year
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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) Redditch UK 2014 110 150,009 2013 99 134,630 % change 11.1% 11.4% Record Year 2008 (121) 2014 (150,009) New Companies by Quarter
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Monthly Data (Apr, May & Jun 2014)
New Companies by Month
April May June New companies in 2014 40 38 32 New companies in 2013 43 29 27 % change -7.0% 31.0% 18.5% Record Year 2008 (46) 2003 (41) 2003 (56)
Closed Companies (dissolved)
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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) Redditch UK 2014 172 177,207 2013 129 155,192 % change 33.3% 14.2% Record Year 2010 (239) 2009 (289,245) Dissolved Companies by Half Year
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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) Redditch UK 2014 95 94,837 2013 61 77,278 % change 55.7% 22.7% Record Year 2009 (122) 2009 (181,179) Dissolved Companies by Quarter
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Monthly Data (Apr, May & Jun 2014)
Dissolved Companies by Month
April May June Closed companies in 2014 23 39 33 Closed companies in 2013 23 19 19 % change 0.0% 105.3% 74% Record Year 2010 (28) 2009 (54) 2010 (53)
Net Company Growth
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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) Redditch UK 2014 82 123,524 2013 87 114,240 Record Year 2003 (192) 2007 (171,296) Net Growth by Half Year
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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) Redditch UK 2014 15 55,172 2013 38 57,352 Record Year 2008 (88) 2007 (60,014) Net Growth by Quarter
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Monthly Data (Apr, May & Jun 2014)
Net Growth by Month
April May June Net growth in 2014 17 -1 -1 Net growth in 2013 20 10 8 Record Year 2008 (33) 2003 (34) 2003 (46)
UK Company Share
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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 2014 0.1% 2013 0.1% 2012 0.1% 2011 0.1% 2010 0.1% Record Year (since 1960) 1993 (0.1%) Company Share by Half Year
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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 2014 0.1% 2013 0.1% 2012 0.1% 2011 0.1% 2010 0.1% Record Year (since 1960) 2008 (0.1%) Company Share by Quarter
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Monthly Data (Apr, May & Jun 2014)
Company Share by Month
April May June UK formation share in 2014 0.1% 0.1% 0.1% UK formation share in 2013 0.1% 0.1% 0.1% % change -16.1% 20.8% 2.6% Record Year 1992 (0.2%) 1997 (0.1%) 1991 (0.2%)
Director Age
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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
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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
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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
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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
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Previous 12 months (Jun 2013-Jun 2014)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage DESIGN 1.17% CONSULTING 5.16% REDDITCH 1.05% MANAGEMENT 4.64% PROPERTY 0.94% CONSULTANCY 3.50% BARS 0.94% PROPERTY 2.66% MANAGEMENT 0.82% TRADING 2.03% TRANSPORT 0.82% ENGINEERING 1.99% ENGINEERING 0.82% CONSTRUCTION 1.93% CARE 0.82% LONDON 1.93% CONSULTING 0.82% CARE 1.85% HOLDINGS 0.70% DESIGN 1.75% ASSOCIATES 0.58% CONSULTANTS 1.73% (MIDLANDS) 0.58% BUSINESS 1.69% J 0.58% PROPERTIES 1.63% TRAINING 0.58% TRANSPORT 1.58% BLUE 0.58% GLOBAL 1.55% K 0.58% INVESTMENTS 1.55% CONSULTANCY 0.47% J 1.51% MIDLANDS 0.47% ASSOCIATES 1.48% HEATING 0.47% MEDIA 1.44% PROPERTIES 0.47% ELECTRICAL 1.40% LIBRAE 0.47% IT 1.33% INSTALLATIONS 0.47% DEVELOPMENTS 1.33% BUILDING 0.47% BUILDING 1.26% EUROPE 0.47% M 1.24% (REDDITCH) 0.47% CO., 1.20%
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 194 261,557 82990 - Other business support service activities not elsewhere classified 70 57,421 99999 - Dormant Company 69 48,436 70229 - Management consultancy activities other than financial management 27 40,250 62020 - Information technology consultancy activities 23 29,029 96090 - Other service activities not elsewhere classified 23 28,352 49410 - Freight transport by road 23 9,265 74909 - Other professional, scientific and technical activities not elsewhere classified 19 19,058 74990 - Non-trading company 18 14,351 56302 - Public houses and bars 13 6,099 47910 - Retail sale via mail order houses or via Internet 11 9,900 32990 - Other manufacturing not elsewhere classified 11 3,534 62012 - Business and domestic software development 10 9,834 43390 - Other building completion and finishing 9 5,855 45112 - Sale of used cars and light motor vehicles 9 3,392 56101 - Licensed restaurants 9 8,585 43999 - Other specialised construction activities not elsewhere classified 9 8,533 86900 - Other human health activities 9 11,292 88990 - Other social work activities without accommodation not elsewhere classified 7 4,170 43210 - Electrical installation 7 6,050
Recent Companies
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Randomly selected companies from this quarter
COMPANY NUMBER COMPANY NAME INCORPORATION 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
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