Washington, Tyne And Wear

2014 Annual Business Confidence Report

Headlines

  • The second half of 2014 saw a new record in company closures in Washington when compared to any previous second half year.

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. Annual Data (2014)

    A total of 185 companies were formed in Washington in 2014. This total is 11.9% lower than in 2013 and compares poorly to the UK figure of a 10.0% growth compared to 529,363 the previous year.

    YearWashingtonUK
    2014185582,051
    2013210529,363
    2012176491,893
    2011304452,870
    2010137400,358
    Record Year2011 (304)2014 (582,051)
    New Companies by Year
  2. Half Year Data (Jul-Dec 2014)

    In the second half of 2014 a total of 86 companies were formed in Washington. This figure is 18.9% lower than last year, which compares badly to the UK wide figure of 8.2%.

    The highest total for a second half year in Washington occurred in 2011 when a total of 220 were formed.

    Half Year (Jul-Dec)WashingtonUK
    201486281,320
    2013106259,931
    % change-18.9%8.2%
    Record Year2011 (220)2014 (281,320)
    New Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    A total of 42 companies were registered in Washington during the fourth quarter of 2014 (Oct 2014 - Dec 2014).

    This figure is a decrease of 16.0% versus the same period last year (Q4 2013). This figure compares badly 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)WashingtonUK
    201442137,906
    201350127,247
    % change-16.0%8.4%
    Record Year 2011 (171) 2014 (137,906)
    New Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    New Companies by Month
    OctoberNovemberDecember
    New companies in 201417178
    New companies in 2013191516
    % change-10.5%13.3%-50.0%
    Record Year2011 (154)2012 (20)2012 (17)

Closed Companies (dissolved)

  1. Annual Data (2014)

    A total of 133 companies were dissolved in Washington in 2014. This total is 30.4% higher than in 2013 and compares favourably to the UK figure of 10.8% growth compared to the previous year.

    YearWashingtonUK
    2014133367,937
    2013102332,213
    201289293,729
    2011118314,524
    2010129342,233
    Record Year2009 (138)2009 (533,789)
    Dissolved Companies by Year
  2. Half Year Data (Jul-Dec 2014)

    The second half of 2014 saw a new record in company closures in Washington when compared to any previous second half year.

    In the second half of 2014 a total of 77 companies were dissolved in Washington. This figure is 32.8% higher than last year, which compares badly to the UK wide change of 7.7%.

    The highest total for a second half year in Washington occurred in 2014 when a total of 77 were closed.

    Half Year (Jul-Dec)WashingtonUK
    201477190,730
    201358177,021
    % change32.8%7.7%
    Record Year2014 (77)2009 (244,544)
    Dissolved Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    A total of 32 companies were dissolved in Washington during the fourth quarter of 2014 (Oct 2014 - Dec 2014).

    This figure is an increase of 45.5% 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)WashingtonUK
    20143289,060
    20132290,851
    % change45.5%-2.0%
    Record Year 2011 (37) 2013 (90,851)
    Dissolved Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    Dissolved Companies by Month
    OctoberNovemberDecember
    Closed companies in 201471114
    Closed companies in 2013868
    % change-12.5%83.3%75%
    Record Year2011 (10)2011 (15)2009 (15)

Net Company Growth

  1. Annual Data (2014)

    A total of 52 companies were added to the company register for Washington in 2014. This number represents growth of 28.1% in the total number of active companies, which compares unfavourably to the UK figure of 36.8%.

    This number is 56 companies lower than the previous year.

    The highest net company growth figure ever seen in one year came in 2011 when the Washington company register grew by 186 companies.

    YearWashingtonUK
    201452214,114
    2013108197,150
    201287198,164
    2011186138,346
    2010858,125
    Record Year2011 (186)2007 (237,353)
    Net Growth by Year
  2. Half Year Data (Jul-Dec 2014)

    In the second half of 2014 the company register for Washington increased by 9 companies.

    Half Year (Jul-Dec)WashingtonUK
    2014990,590
    20134882,910
    Record Year2011 (154)2003 (117,772)
    Net Growth by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    Net company growth for Washington during the fourth quarter of 2014 (Oct 2014 - Dec 2014) was 10 companies.

    fourth quarter (Oct 2014 - Dec 2014)WashingtonUK
    20141048,846
    20132836,396
    Record Year 2011 (134) 2012 (49,848)
    Net Growth by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    Net Growth by Month
    OctoberNovemberDecember
    Net growth in 2014106-6
    Net growth in 20131198
    Record Year2011 (144)2012 (16)2012 (13)

UK Company Share

  1. Annual Data (2014)

    In 2014 Washington formed 0.0% of all UK companies. This is no change on 2013 when Washington was responsible for 0.0% of all UK companies.

    YearWashington
    20140.0%
    20130.0%
    20120.0%
    20110.1%
    20100.0%
    Record Year (since 1960)2011 (0.1%)
    Company Share by Year
  2. Half Year Data (Jul-Dec 2014)

    In the second half of 2014 Washington formed 0.0% of all UK companies. This is the same as the 2013 figure of 0.0%.

    Half Year (Jul-Dec)Washington
    20140.0%
    20130.0%
    20120.0%
    20110.1%
    20100.0%
    Record Year (since 1960) 2011 (0.1%)
    Company Share by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    In the fourth quarter of 2014, Washington formed 0.0% of all UK companies.

    fourth quarter (Oct 2014 - Dec 2014)Washington
    20140.0%
    20130.0%
    20120.0%
    20110.2%
    20100.0%
    Record Year (since 1960) 2011 (0.2%)
    Company Share by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    Company Share by Month
    OctoberNovemberDecember
    UK formation share in 20140.0%0.0%0.0%
    UK formation share in 20130.0%0.0%0.0%
    % change-14.9%7.5%-57.2%
    Record Year2011 (0.4%)1995 (0.1%)1991 (0.1%)

Director Age

  1. Annual Data (2014)

    The average age of a director in 2014 was 42.7.

    The percentage of directors under the age of 25 was 2.3% compared to the UK figure of 4.0%.

    The percentage of directors over the age of 65 was 3.6% compared to the UK figure of 4.0%.

    Director Age by Year
  2. Half Year Data (Jul-Dec 2014)

    The average age of a director in the second half of 2014 was 42.5.

    The percentage of directors under the age of 25 was 1.1% compared to the UK figure of 3.7%.

    The percentage of directors over the age of 65 was 4.5% compared to the UK figure of 4.5%.

    Director Age by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    The average age of a director in the fourth quarter of 2014 was 42.7.

    The percentage of directors under the age of 25 was 0.0% compared to the UK figure of 3.8%.

    The percentage of directors over the age of 65 was 4.7% compared to the UK figure of 4.5%.

    Director Age by Quarter

Director Gender

  1. Annual Data (2014)

    The record year for female directors in Washington was 1989 when 50.0% of all directors were female.

    The percentage of female directors in Washington in 2014 was 26.4%. The average for the UK during this time was 26.1%

    Director Gender by Year
  2. Half Year Data (Jul-Dec 2014)

    The record second half year for female directors in Washington was 2012 when 31.7% of all directors were female.

    27.1% of all director appointments in Washington 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
  3. Quarterly Data (Q4 Oct-Dec 2014)

    The record fourth quarter for female directors in Washington was in 2006 when 33.0% of all directors were female.

    22.4% of all director appointments in Washington 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

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

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

    wordpercentageuk worduk percentage
    NORTH2.22%CONSULTING5.22%
    EAST2.22%MANAGEMENT4.58%
    (NE)1.39%CONSULTANCY3.57%
    WASHINGTON1.39%PROPERTY2.66%
    DEVELOPMENTS0.83%CONSTRUCTION2.12%
    ENGINEERING0.83%ENGINEERING2.10%
    PROPERTIES0.83%CARE2.02%
    PROPERTY0.83%TRADING1.94%
    LOGISTICS0.83%LONDON1.93%
    GREEN0.83%TRANSPORT1.93%
    PUB0.83%DESIGN1.66%
    ENTERPRISES0.83%CONSULTANTS1.64%
    WEARSIDE0.83%ELECTRICAL1.62%
    CONSULTING0.83%PROPERTIES1.62%
    COFFEE0.56%BUSINESS1.56%
    SHOP0.56%J1.54%
    SOLVARI0.56%CO.,1.50%
    VILLAGE0.56%GLOBAL1.49%
    MANUFACTURING0.56%INVESTMENTS1.48%
    PIKE0.56%ASSOCIATES1.47%
    DANBROOK0.56%DEVELOPMENTS1.35%
    NEIL0.56%MEDIA1.33%
    IT0.56%IT1.31%
    RESTAURANT0.56%BUILDING1.29%
    TRAINING0.56%M1.22%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied83265,608
    99999 - Dormant Company3048,509
    96090 - Other service activities not elsewhere classified1329,009
    43999 - Other specialised construction activities not elsewhere classified128,761
    85590 - Other education not elsewhere classified116,206
    96020 - Hairdressing and other beauty treatment96,742
    62020 - Information technology consultancy activities930,178
    74909 - Other professional, scientific and technical activities not elsewhere classified819,049
    70229 - Management consultancy activities other than financial management842,290
    82990 - Other business support service activities not elsewhere classified758,068
    56302 - Public houses and bars76,285
    56103 - Take-away food shops and mobile food stands78,318
    86900 - Other human health activities512,976
    71129 - Other engineering activities56,132
    93199 - Other sports activities54,176
    47990 - Other retail sale not in stores, stalls or markets56,452
    32990 - Other manufacturing not elsewhere classified53,533
    68310 - Real estate agencies43,719
    45200 - Maintenance and repair of motor vehicles45,425
    74990 - Non-trading company413,984

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    09248985 HARRY ENTERPRISES (NE) LTD 06 Oct 2014
    09256094 STENNESS DEVELOPMENTS LIMITED 09 Oct 2014
    09257376 DW SUPPORT SERVICES LIMITED 09 Oct 2014
    09260217 THE PROPRTY KNIGHTS UK LTD 13 Oct 2014
    09263587 RAN IT SOLUTIONS LTD 14 Oct 2014
    09268375 SOLVARI LIMITED 17 Oct 2014
    09276146 MADE FOR AN ANGEL UK LIMITED 22 Oct 2014
    09276503 NITRAMOIL LIMITED 23 Oct 2014
    09247696 DANBROOK ENERGY LTD 03 Oct 2014
    09251174 FELLSIDE MEWS RTM COMPANY LIMITED 06 Oct 2014
    09253161 RJN MARKETING SERVICES LIMITED 07 Oct 2014
    09268197 SEE THINGS LIMITED 17 Oct 2014
    09270842 ALBANY METAL SPINNERS LTD 20 Oct 2014
    09272250 ECIG NORTH EAST LIMITED 20 Oct 2014
    09283582 AJP LEISURE LTD 28 Oct 2014
    09287216 SAFE AND SECURE LETTINGS LIMITED 29 Oct 2014
    09287951 WEARSIDE TREE SERVICES LTD 30 Oct 2014

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