Tunbridge Wells, Kent
2010 Annual Business Confidence Report
Headlines
- November 2010 saw a new record in company closures in Tunbridge Wells when compared to any previous November.
- October 2010 saw a new record in company closures in Tunbridge Wells when compared to any previous October.
Contents
New Company Registrations
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Annual Data (2010)
A total of 833 companies were formed in Tunbridge Wells in 2010. This total is 17.0% higher than in 2009 and compares favourably to the UK figure of a 10.4% growth compared to 362,675 the previous year.
Year Tunbridge Wells UK 2010 833 400,358 2009 712 362,675 2008 712 349,203 2007 1,096 457,649 2006 697 405,440 Record Year 2003 (1,800) 2007 (457,649) New Companies by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 a total of 410 companies were formed in Tunbridge Wells. This figure is 14.2% higher than last year, which compares well to the UK wide figure of 8.8%.
The highest total for a second half year in Tunbridge Wells occurred in 2003 when a total of 1,473 were formed.
Half Year (Jul-Dec) Tunbridge Wells UK 2010 410 196,609 2009 359 180,654 % change 14.2% 8.8% Record Year 2003 (1,473) 2003 (201,446) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
A total of 197 companies were registered in Tunbridge Wells during the fourth quarter of 2010 (Oct 2010 - Dec 2010).
This figure is an increase of 28.8% versus the same period last year (Q4 2009). This figure compares well to the UK as a whole, which saw an increase of 10.6% against the same period last year.
fourth quarter (Oct 2010 - Dec 2010) Tunbridge Wells UK 2010 197 95,117 2009 153 85,983 % change 28.8% 10.6% Record Year 2003 (566) 2010 (95,117) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
New Companies by Month
October November December New companies in 2010 57 72 68 New companies in 2009 44 66 43 % change 29.5% 9.1% 58.1% Record Year 2002 (234) 2003 (190) 2003 (322)
Closed Companies (dissolved)
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Annual Data (2010)
A total of 621 companies were dissolved in Tunbridge Wells in 2010. This total is 49.1% lower than in 2009 and compares unfavourably to the UK figure of 35.9% decrease compared to the previous year.
Year Tunbridge Wells UK 2010 621 342,232 2009 1,220 533,773 2008 422 237,901 2007 396 220,295 2006 436 200,166 Record Year 2005 (1,954) 2009 (533,773) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 a total of 323 companies were dissolved in Tunbridge Wells. This figure is 10.5% lower than last year, which compares badly to the UK wide change of -32.7%.
The highest total for a second half year in Tunbridge Wells occurred in 2005 when a total of 749 were closed.
Half Year (Jul-Dec) Tunbridge Wells UK 2010 323 164,601 2009 361 244,537 % change -10.5% -32.7% Record Year 2005 (749) 2009 (244,537) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
A total of 166 companies were dissolved in Tunbridge Wells during the fourth quarter of 2010 (Oct 2010 - Dec 2010).
This figure is a decrease of 14.0% versus the same period last year (Q4 2009). This figure compares well to the UK as a whole, which saw a decrease of 9.7% against the same period last year.
fourth quarter (Oct 2010 - Dec 2010) Tunbridge Wells UK 2010 166 76,896 2009 193 85,136 % change -14.0% -9.7% Record Year 2009 (193) 2009 (85,136) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
November 2010 saw a new record in company closures in Tunbridge Wells when compared to any previous November.
October 2010 saw a new record in company closures in Tunbridge Wells when compared to any previous October.
Dissolved Companies by Month
October November December Closed companies in 2010 76 65 25 Closed companies in 2009 59 57 77 % change 28.8% 14.0% -68% Record Year 2010 (76) 2010 (65) 2008 (86)
Net Company Growth
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Annual Data (2010)
A total of 212 companies were added to the company register for Tunbridge Wells in 2010. This number represents growth of 29.8% in the total number of active companies, which compares favourably to the UK figure of 16.0%.
This number is 720 companies higher than the previous year.
The highest net company growth figure ever seen in one year came in 2000 when the Tunbridge Wells company register grew by 971 companies.
Year Tunbridge Wells UK 2010 212 58,126 2009 -508 -171,098 2008 290 111,302 2007 700 237,354 2006 261 205,274 Record Year 2000 (971) 2003 (242,543) Net Growth by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 the company register for Tunbridge Wells increased by 87 companies.
Half Year (Jul-Dec) Tunbridge Wells UK 2010 87 32,008 2009 -2 -63,883 Record Year 2003 (1,302) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
Net company growth for Tunbridge Wells during the fourth quarter of 2010 (Oct 2010 - Dec 2010) was 31 companies.
fourth quarter (Oct 2010 - Dec 2010) Tunbridge Wells UK 2010 31 18,221 2009 -40 847 Record Year 2003 (503) 2003 (57,175) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
Net Growth by Month
October November December Net growth in 2010 -19 7 43 Net growth in 2009 -15 9 -34 Record Year 2002 (192) 2003 (165) 2003 (300)
UK Company Share
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Annual Data (2010)
In 2010 Tunbridge Wells formed 0.2% of all UK companies. This is no change on 2009 when Tunbridge Wells was responsible for 0.2% of all UK companies.
Year Tunbridge Wells 2010 0.2% 2009 0.2% 2008 0.2% 2007 0.2% 2006 0.2% Record Year (since 1960) 2000 (0.5%) Company Share by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 Tunbridge Wells formed 0.2% of all UK companies. This is the same as the 2009 figure of 0.2%.
Half Year (Jul-Dec) Tunbridge Wells 2010 0.2% 2009 0.2% 2008 0.2% 2007 0.2% 2006 0.2% Record Year (since 1960) 2003 (0.7%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
In the fourth quarter of 2010, Tunbridge Wells formed 0.2% of all UK companies.
fourth quarter (Oct 2010 - Dec 2010) Tunbridge Wells 2010 0.2% 2009 0.2% 2008 0.2% 2007 0.2% 2006 0.2% Record Year (since 1960) 2003 (0.6%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
Company Share by Month
October November December UK formation share in 2010 0.2% 0.2% 0.3% UK formation share in 2009 0.1% 0.2% 0.2% % change 13.5% -2.5% 50.5% Record Year 2002 (0.7%) 2003 (0.6%) 2003 (1.2%)
Director Age
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Annual Data (2010)
The average age of a director in 2010 was 49.3.
The percentage of directors under the age of 25 was 1.1% compared to the UK figure of 2.5%.
The percentage of directors over the age of 65 was 21.0% compared to the UK figure of 4.5%.
Director Age by Year
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Half Year Data (Jul-Dec 2010)
The average age of a director in the second half of 2010 was 45.4.
The percentage of directors under the age of 25 was 1.4% compared to the UK figure of 2.8%.
The percentage of directors over the age of 65 was 4.3% compared to the UK figure of 4.4%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
The average age of a director in the fourth quarter of 2010 was 45.6.
The percentage of directors under the age of 25 was 1.7% compared to the UK figure of 3.0%.
The percentage of directors over the age of 65 was 5.4% compared to the UK figure of 4.4%.
Director Age by Quarter
Director Gender
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Annual Data (2010)
The record year for female directors in Tunbridge Wells was 1857 when 36.4% of all directors were female.
The percentage of female directors in Tunbridge Wells in 2010 was 27.4%. The average for the UK during this time was 26.2%
Director Gender by Year
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Half Year Data (Jul-Dec 2010)
The record second half year for female directors in Tunbridge Wells was 1860 when 42.9% of all directors were female.
31.2% of all director appointments in Tunbridge Wells in the second half of 2010 were female. This compares to a UK average of 25.0% for the same period.
Director Gender by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
The record fourth quarter for female directors in Tunbridge Wells was in 1977 when 31.1% of all directors were female.
29.0% of all director appointments in Tunbridge Wells in the fourth quarter of 2010 were female. This compares to a UK average of 24.7% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Dec 2009-Dec 2010)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage CONSULTING 2.30% CONSULTING 5.06% INVESTMENTS 1.61% MANAGEMENT 5.01% CONSULTANCY 1.45% CONSULTANCY 3.14% MANAGEMENT 1.45% PROPERTY 2.36% RTM 1.38% TRADING 2.11% DESIGN 1.15% ASSOCIATES 1.95% BUILDERS 0.99% DESIGN 1.92% PROPERTIES 0.99% BUSINESS 1.82% CONSULTANTS 0.92% CONSTRUCTION 1.82% PROPERTY 0.84% CONSULTANTS 1.76% PARK 0.69% MEDIA 1.71% ASSOCIATES 0.69% ENGINEERING 1.62% ROAD 0.69% LONDON 1.60% COURT 0.61% CARE 1.45% BUILDING 0.61% INVESTMENTS 1.44% COMMERCIAL 0.61% GLOBAL 1.43% FINANCIAL 0.61% J 1.42% JAMES 0.54% IT 1.41% FUTURES 0.54% PROPERTIES 1.34% HEALTH 0.54% INTERNATIONAL 1.34% CAPITAL 0.54% BUILDING 1.34% WELLS 0.54% M 1.30% LONDON 0.46% ELECTRICAL 1.25% ERIDGE 0.46% SYSTEMS 1.24% MEDIA 0.46% S 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 396 199,572 7487 - Other business activities 99 63,348 70229 - Management consultancy activities other than financial management 54 14,505 82990 - Other business support service activities not elsewhere classified 51 27,550 7414 - Business & management consultancy 41 13,474 9999 - Dormant Company 40 20,144 99999 - Dormant Company 27 16,285 62020 - Information technology consultancy activities 21 9,177 9305 - Other service activities 21 8,858 7499 - Non-trading company 19 12,000 62090 - Other information technology service activities 18 6,330 98000 - Residents property management 16 3,235 96090 - Other service activities not elsewhere classified 16 8,799 7011 - Development & sell real estate 15 2,949 7450 - Labour recruitment 15 2,783 74990 - Non-trading company 13 8,243 7260 - Other computer related activities 13 8,089 69201 - Accounting and auditing activities 12 3,088 74909 - Other professional, scientific and technical activities not elsewhere classified 12 7,088 7222 - Other software consultancy and supply 11 7,298
Recent Companies
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Randomly selected companies from this quarter
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