Redditch, Worcestershire
2014 Annual Business Confidence Report
Headlines
- 2014 was a record year for company registrations in Redditch when compared to any year in history.
- The second half of 2014 saw a new record in company registrations in Redditch when compared to any previous second half year.
- Q4 2014 saw a new record in company registrations in Redditch when compared to any previous Q4.
- December 2014 saw a new record in company registrations in Redditch when compared to any previous December.
- October 2014 saw a new record in company registrations in Redditch when compared to any previous October.
Contents
New Company Registrations
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Annual Data (2014)
2014 was a record year for company registrations in Redditch when compared to any year in history.
A total of 493 companies were formed in Redditch in 2014. This total is 10.5% higher than in 2013 and compares equally to the UK figure of a 10.0% growth compared to 529,363 the previous year.
Year Redditch UK 2014 493 582,051 2013 446 529,363 2012 433 491,893 2011 433 452,870 2010 389 400,358 Record Year 2014 (493) 2014 (582,051) New Companies by Year
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Half Year Data (Jul-Dec 2014)
The second half of 2014 saw a new record in company registrations in Redditch when compared to any previous second half year.
In the second half of 2014 a total of 239 companies were formed in Redditch. This figure is 3.9% higher than last year, which compares badly to the UK wide figure of 8.2%.
The highest total for a second half year in Redditch occurred in 2014 when a total of 239 were formed.
Half Year (Jul-Dec) Redditch UK 2014 239 281,320 2013 230 259,931 % change 3.9% 8.2% Record Year 2014 (239) 2014 (281,320) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
Q4 2014 saw a new record in company registrations in Redditch when compared to any previous Q4.
A total of 128 companies were registered in Redditch during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is an increase of 18.5% versus the same period last year (Q4 2013). This figure compares well to the UK as a whole, which saw an increase of 8.4% against the same period last year.
fourth quarter (Oct 2014 - Dec 2014) Redditch UK 2014 128 137,906 2013 108 127,247 % change 18.5% 8.4% Record Year 2014 (128) 2014 (137,906) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
December 2014 saw a new record in company registrations in Redditch when compared to any previous December.
October 2014 saw a new record in company registrations in Redditch when compared to any previous October.
New Companies by Month
October November December New companies in 2014 50 38 40 New companies in 2013 46 28 34 % change 8.7% 35.7% 17.6% Record Year 2014 (50) 2011 (38) 2014 (40)
Closed Companies (dissolved)
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Annual Data (2014)
A total of 347 companies were dissolved in Redditch in 2014. This total is 14.5% higher than in 2013 and compares favourably to the UK figure of 10.8% growth compared to the previous year.
Year Redditch UK 2014 347 367,937 2013 303 332,213 2012 304 293,729 2011 283 314,524 2010 473 342,233 Record Year 2010 (473) 2009 (533,789) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 a total of 175 companies were dissolved in Redditch. This figure is 0.6% higher than last year, which compares well to the UK wide change of 7.7%.
The highest total for a second half year in Redditch occurred in 2010 when a total of 234 were closed.
Half Year (Jul-Dec) Redditch UK 2014 175 190,730 2013 174 177,021 % change 0.6% 7.7% Record Year 2010 (234) 2009 (244,544) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
A total of 84 companies were dissolved in Redditch during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is an increase of 0.0% versus the same period last year (Q4 2013). This figure compares poorly to the UK as a whole, which saw a decrease of 2.0% against the same period last year.
fourth quarter (Oct 2014 - Dec 2014) Redditch UK 2014 84 89,060 2013 84 90,851 % change 0.0% -2.0% Record Year 2009 (101) 2013 (90,851) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Dissolved Companies by Month
October November December Closed companies in 2014 33 22 29 Closed companies in 2013 34 26 24 % change -2.9% -15.4% 21% Record Year 2012 (45) 2009 (43) 2009 (37)
Net Company Growth
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Annual Data (2014)
A total of 146 companies were added to the company register for Redditch in 2014. This number represents growth of 29.6% in the total number of active companies, which compares unfavourably to the UK figure of 36.8%.
This number is 3 companies higher than the previous year.
The highest net company growth figure ever seen in one year came in 2008 when the Redditch company register grew by 244 companies.
Year Redditch UK 2014 146 214,114 2013 143 197,150 2012 129 198,164 2011 150 138,346 2010 -84 58,125 Record Year 2008 (244) 2007 (237,353) Net Growth by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 the company register for Redditch increased by 64 companies.
Half Year (Jul-Dec) Redditch UK 2014 64 90,590 2013 56 82,910 Record Year 2003 (122) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
Net company growth for Redditch during the fourth quarter of 2014 (Oct 2014 - Dec 2014) was 44 companies.
fourth quarter (Oct 2014 - Dec 2014) Redditch UK 2014 44 48,846 2013 24 36,396 Record Year 2008 (49) 2012 (49,848) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Net Growth by Month
October November December Net growth in 2014 17 16 11 Net growth in 2013 12 2 10 Record Year 2008 (34) 1995 (17) 1995 (17)
UK Company Share
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Annual Data (2014)
In 2014 Redditch formed 0.1% of all UK companies. This is no change on 2013 when Redditch was responsible for 0.1% of all UK companies.
Year 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 Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 Redditch formed 0.1% of all UK companies. This is the same as the 2013 figure of 0.1%.
Half Year (Jul-Dec) 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 (Q4 Oct-Dec 2014)
In the fourth quarter of 2014, Redditch formed 0.1% of all UK companies.
fourth quarter (Oct 2014 - Dec 2014) Redditch 2014 0.1% 2013 0.1% 2012 0.1% 2011 0.1% 2010 0.1% Record Year (since 1960) 1992 (0.1%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Company Share by Month
October November December UK formation share in 2014 0.1% 0.1% 0.1% UK formation share in 2013 0.1% 0.1% 0.1% % change 3.4% 28.8% 0.7% Record Year 1983 (0.3%) 1990 (0.2%) 1995 (0.2%)
Director Age
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Annual Data (2014)
The average age of a director in 2014 was 43.4.
The percentage of directors under the age of 25 was 4.2% compared to the UK figure of 4.0%.
The percentage of directors over the age of 65 was 4.7% compared to the UK figure of 4.0%.
Director Age by Year
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Half Year Data (Jul-Dec 2014)
The average age of a director in the second half of 2014 was 41.9.
The percentage of directors under the age of 25 was 2.8% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 5.7% compared to the UK figure of 4.5%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
The average age of a director in the fourth quarter of 2014 was 41.8.
The percentage of directors under the age of 25 was 3.6% compared to the UK figure of 3.8%.
The percentage of directors over the age of 65 was 6.2% compared to the UK figure of 4.5%.
Director Age by Quarter
Director Gender
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Annual Data (2014)
The record year for female directors in Redditch was 1995 when 40.5% of all directors were female.
The percentage of female directors in Redditch in 2014 was 24.1%. The average for the UK during this time was 26.1%
Director Gender by Year
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Half Year Data (Jul-Dec 2014)
The record second half year for female directors in Redditch was 2005 when 34.9% of all directors were female.
23.6% of all director appointments in Redditch in the second 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 (Q4 Oct-Dec 2014)
The record fourth quarter for female directors in Redditch was in 2007 when 37.3% of all directors were female.
22.8% of all director appointments in Redditch in the fourth quarter of 2014 were female. This compares to a UK average of 25.8% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Dec 2013-Dec 2014)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage TRAINING 1.21% CONSULTING 5.22% CONSULTING 0.99% MANAGEMENT 4.58% TRANSPORT 0.88% CONSULTANCY 3.57% DESIGN 0.77% PROPERTY 2.66% PROPERTY 0.77% CONSTRUCTION 2.12% HEALTHCARE 0.55% ENGINEERING 2.10% B 0.55% CARE 2.02% CARE 0.55% TRADING 1.94% ENGINEERING 0.55% LONDON 1.93% CONSULTANCY 0.55% TRANSPORT 1.93% J 0.55% DESIGN 1.66% INSTALLATIONS 0.55% CONSULTANTS 1.64% MANAGEMENT 0.55% ELECTRICAL 1.62% REDDITCH 0.55% PROPERTIES 1.62% BUILDING 0.55% BUSINESS 1.56% (REDDITCH) 0.55% J 1.54% ASSOCIATES 0.44% CO., 1.50% S 0.44% GLOBAL 1.49% GROUP 0.44% INVESTMENTS 1.48% C 0.44% ASSOCIATES 1.47% CLEANING 0.44% DEVELOPMENTS 1.35% DEVELOPMENTS 0.44% MEDIA 1.33% ROOFING 0.44% IT 1.31% CONSULTANTS 0.44% BUILDING 1.29% BARS 0.44% M 1.22%
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 202 265,608 99999 - Dormant Company 70 48,509 82990 - Other business support service activities not elsewhere classified 62 58,068 70229 - Management consultancy activities other than financial management 31 42,290 62020 - Information technology consultancy activities 25 30,178 49410 - Freight transport by road 22 10,842 96090 - Other service activities not elsewhere classified 20 29,009 74909 - Other professional, scientific and technical activities not elsewhere classified 15 19,049 74990 - Non-trading company 14 13,984 56302 - Public houses and bars 11 6,285 47910 - Retail sale via mail order houses or via Internet 10 10,107 45112 - Sale of used cars and light motor vehicles 10 3,562 43390 - Other building completion and finishing 9 5,931 62012 - Business and domestic software development 9 9,752 56101 - Licensed restaurants 8 8,782 32990 - Other manufacturing not elsewhere classified 8 3,533 96020 - Hairdressing and other beauty treatment 8 6,742 88990 - Other social work activities without accommodation not elsewhere classified 8 4,756 86900 - Other human health activities 8 12,976 68209 - Other letting and operating of own or leased real estate 7 11,212
Recent Companies
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Randomly selected companies from this quarter
COMPANY NUMBER COMPANY NAME INCORPORATION DATE 09257083 L. E. E. HEATING LIMITED 09 Oct 2014 09278479 PACIFIC SHELF 1800 LIMITED 23 Oct 2014 09245677 5 STAR TAXIS (REDDITCH) LIMITED 02 Oct 2014 09246426 EQUINE & AGRICULTURAL LIMITED 02 Oct 2014 09253915 G. MAGLIO PROPERTY SERVICES LTD 08 Oct 2014 09260868 S. FEAR ELECTRICAL & MECHANICAL SERVICES LIMITED 13 Oct 2014 09263400 HBM MEDICAL LIMITED 14 Oct 2014 09268087 JAH CONSTRUCTION PROJECTS LTD 16 Oct 2014 09270776 ANGELA RICHARDS HR LTD 20 Oct 2014 09272882 TIME LIBERTY LTD 21 Oct 2014 09279515 LIBERTY LEISURE CENTRES LTD 24 Oct 2014 09284490 RAZVAN EL LTD 28 Oct 2014 09290770 OMEGA THERAPIES CIC 31 Oct 2014 09254791 MGM KNIGHT LTD 08 Oct 2014 09257062 LEUF CIDEM LTD 09 Oct 2014 09259639 RATE RECRUITMENT LIMITED 13 Oct 2014 09259814 GLOBAL H2O SOLUTIONS LIMITED 13 Oct 2014 09265100 BACKUP HEALTHCARE LIMITED 15 Oct 2014 09265465 VALUING INDIVIDUAL PEOPLE LIMITED 15 Oct 2014 09271396 TRUE APPAREL LTD 20 Oct 2014 09274233 HUNTS ONLINE LIMITED 21 Oct 2014 09274338 WHITE MANGO INTERIORS LTD 22 Oct 2014 09274466 HAYWOOD INTERIORS & BUILD LTD 22 Oct 2014 09276404 OSSESSO LTD 23 Oct 2014 09280821 R&W DISTRIBUTION LTD 27 Oct 2014
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