Redditch, Worcestershire
Q3 2014 Business Confidence Report
Headlines
- July 2014 saw a new record in company closures in Redditch when compared to any previous July.
Contents
New Company Registrations
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Quarterly Data (Q3 Jul-Sep 2014)
A total of 111 companies were registered in Redditch during the third quarter of 2014 (Jul 2014 - Sep 2014).
This figure is a decrease of 9.0% versus the same period last year (Q3 2013). This figure compares badly to the UK as a whole, which saw an increase of 8.1% against the same period last year.
third quarter (Jul 2014 - Sep 2014) Redditch UK 2014 111 143,414 2013 122 132,684 % change -9.0% 8.1% Record Year 2013 (122) 2014 (143,414) New Companies by Quarter
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Monthly Data (Jul, Aug & Sep 2014)
New Companies by Month
July August September New companies in 2014 31 38 42 New companies in 2013 44 44 34 % change -29.5% -13.6% 23.5% Record Year 2013 (44) 2007 (47) 2011 (43)
Closed Companies (dissolved)
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Quarterly Data (Q3 Jul-Sep 2014)
A total of 91 companies were dissolved in Redditch during the third quarter of 2014 (Jul 2014 - Sep 2014).
This figure is an increase of 1.1% versus the same period last year (Q3 2013). This figure compares well to the UK as a whole, which saw an increase of 18.0% against the same period last year.
third quarter (Jul 2014 - Sep 2014) Redditch UK 2014 91 101,670 2013 90 86,170 % change 1.1% 18.0% Record Year 2010 (144) 2009 (159,405) Dissolved Companies by Quarter
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Monthly Data (Jul, Aug & Sep 2014)
July 2014 saw a new record in company closures in Redditch when compared to any previous July.
Dissolved Companies by Month
July August September Closed companies in 2014 38 22 31 Closed companies in 2013 21 26 43 % change 81.0% -15.4% -28% Record Year 2014 (38) 2010 (71) 2009 (45)
Net Company Growth
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Quarterly Data (Q3 Jul-Sep 2014)
Net company growth for Redditch during the third quarter of 2014 (Jul 2014 - Sep 2014) was 20 companies.
third quarter (Jul 2014 - Sep 2014) Redditch UK 2014 20 41,744 2013 32 46,514 Record Year 2007 (63) 2013 (46,514) Net Growth by Quarter
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Monthly Data (Jul, Aug & Sep 2014)
Net Growth by Month
July August September Net growth in 2014 -7 16 11 Net growth in 2013 23 18 -9 Record Year 2008 (32) 2003 (24) 2002 (31)
UK Company Share
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Quarterly Data (Q3 Jul-Sep 2014)
In the third quarter of 2014, Redditch formed 0.1% of all UK companies.
third quarter (Jul 2014 - Sep 2014) Redditch 2014 0.1% 2013 0.1% 2012 0.1% 2011 0.1% 2010 0.1% Record Year (since 1960) 2007 (0.1%) Company Share by Quarter
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Monthly Data (Jul, Aug & Sep 2014)
Company Share by Month
July August September UK formation share in 2014 0.1% 0.1% 0.1% UK formation share in 2013 0.1% 0.1% 0.1% % change -35.9% -17.7% 13.3% Record Year 1993 (0.2%) 2007 (0.2%) 2006 (0.1%)
Director Age
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Quarterly Data (Q3 Jul-Sep 2014)
The average age of a director in the third quarter of 2014 was 42.0.
The percentage of directors under the age of 25 was 1.5% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 5.1% compared to the UK figure of 4.5%.
Director Age by Quarter
Director Gender
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Quarterly Data (Q3 Jul-Sep 2014)
The record third quarter for female directors in Redditch was in 2005 when 37.0% of all directors were female.
24.7% of all director appointments in Redditch in the third quarter of 2014 were female. This compares to a UK average of 26.3% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Sep 2013-Sep 2014)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage DESIGN 1.15% CONSULTING 5.17% REDDITCH 0.92% MANAGEMENT 4.63% TRAINING 0.92% CONSULTANCY 3.55% CARE 0.81% PROPERTY 2.62% CONSULTING 0.81% ENGINEERING 2.07% CONSULTANCY 0.81% CONSTRUCTION 2.05% MANAGEMENT 0.69% TRADING 2.00% PROPERTY 0.69% LONDON 1.95% TRANSPORT 0.69% CARE 1.94% (MIDLANDS) 0.58% TRANSPORT 1.76% ENGINEERING 0.58% DESIGN 1.70% BARS 0.58% CONSULTANTS 1.70% HOLDINGS 0.58% PROPERTIES 1.63% ASSOCIATES 0.58% BUSINESS 1.62% SOFTWARE 0.46% J 1.53% LIBRAE 0.46% ELECTRICAL 1.53% BLUE 0.46% GLOBAL 1.51% (REDDITCH) 0.46% INVESTMENTS 1.50% INSTALLATIONS 0.46% ASSOCIATES 1.48% PROPERTIES 0.46% MEDIA 1.38% K 0.46% CO., 1.36% CONSULTANTS 0.46% DEVELOPMENTS 1.35% B 0.46% BUILDING 1.30% BUILDING 0.46% IT 1.30% CAR 0.35% M 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 218 278,481 82990 - Other business support service activities not elsewhere classified 68 57,264 99999 - Dormant Company 67 48,286 70229 - Management consultancy activities other than financial management 28 40,717 49410 - Freight transport by road 27 9,960 96090 - Other service activities not elsewhere classified 21 28,224 62020 - Information technology consultancy activities 21 29,313 74909 - Other professional, scientific and technical activities not elsewhere classified 19 18,890 74990 - Non-trading company 18 14,006 56302 - Public houses and bars 12 6,056 47910 - Retail sale via mail order houses or via Internet 11 9,914 32990 - Other manufacturing not elsewhere classified 11 3,465 45112 - Sale of used cars and light motor vehicles 10 3,397 56101 - Licensed restaurants 9 8,546 62012 - Business and domestic software development 9 9,675 43390 - Other building completion and finishing 9 5,786 96020 - Hairdressing and other beauty treatment 8 6,630 88990 - Other social work activities without accommodation not elsewhere classified 8 4,382 43999 - Other specialised construction activities not elsewhere classified 8 8,501 47990 - Other retail sale not in stores, stalls or markets 7 6,327
Recent Companies
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Randomly selected companies from this quarter
COMPANY NUMBER COMPANY NAME INCORPORATION DATE 09210042 LIGHTHOUSE GLASS LIMITED 09 Sep 2014 09225936 BLUEBREA LIMITED 19 Sep 2014 09238152 VORT3X LIMITED 29 Sep 2014 09200579 M MILEWSKI LTD 02 Sep 2014 09208219 SLG PROJECTS LIMITED 08 Sep 2014 09217692 REAL FITNESS LIMITED 15 Sep 2014 09220324 ACW PIPEWORKS LIMITED 16 Sep 2014 09222026 MCGRATH INSULATIONS LTD 17 Sep 2014 09228773 ISOFTWARE SOLUTIONS LIMITED 22 Sep 2014 09233517 FULL HOUSE GRAPHICS LIMITED 24 Sep 2014 09237168 ISOMAN LIMITED 26 Sep 2014 09202357 INTERIOR DESIGN ADVISORY SERVICE LTD 03 Sep 2014 09207135 DECOR DESIGN (BROMSGROVE) LIMITED 08 Sep 2014 09207226 GALFARR BOUTIQUE LIMITED 08 Sep 2014 09207884 POLLY'S PUGS & PALS LTD. 08 Sep 2014 09208313 PACKWOOD SOFTWARE LIMITED 08 Sep 2014 09208894 REDDITCH BUILDING SERVICES LTD 09 Sep 2014 09210877 THE WRITE SOFTWARE COMPANY LIMITED 09 Sep 2014 09220622 MISTRAL LTD 16 Sep 2014 09228392 DAREK LISEK LTD 22 Sep 2014 09231154 ZED-AV LTD 23 Sep 2014 09231610 CH-UZI LIMITED 23 Sep 2014 09232934 AUTOMOBIL CENTRE LTD 24 Sep 2014 09237725 HUNTS MANAGEMENT GROUP LIMITED 26 Sep 2014 09241534 RL SERVICES (REDDITCH) LTD 30 Sep 2014
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