West Bromwich, West Midlands

2010 Annual Business Confidence Report

Headlines

  • 2010 was a record year for company registrations in West Bromwich when compared to any year in history.
  • The second half of 2010 saw a new record in company registrations in West Bromwich when compared to any previous second half year.
  • Q4 2010 saw a new record in company registrations in West Bromwich when compared to any previous Q4.
  • December 2010 saw a new record in company registrations in West Bromwich when compared to any previous December.
  • November 2010 saw a new record in company registrations in West Bromwich when compared to any previous November.
  • October 2010 saw a new record in company registrations in West Bromwich when compared to any previous October.
  • October 2010 saw a new record in company closures in West Bromwich when compared to any previous October.
  • Q4 2010 saw a new record in net growth in West Bromwich when compared to any previous Q4.
  • December 2010 saw a new record in net growth in West Bromwich when compared to any previous December.
  • November 2010 saw a new record in net growth in West Bromwich when compared to any previous November.

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 (2010)

    2010 was a record year for company registrations in West Bromwich when compared to any year in history.

    A total of 229 companies were formed in West Bromwich in 2010. This total is 7.0% higher than in 2009 and compares equally to the UK figure of a 10.4% growth compared to 362,675 the previous year.

    YearWest BromwichUK
    2010229400,358
    2009214362,675
    2008203349,203
    2007205457,649
    2006168405,440
    Record Year2010 (229)2007 (457,649)
    New Companies by Year
  2. Half Year Data (Jul-Dec 2010)

    The second half of 2010 saw a new record in company registrations in West Bromwich when compared to any previous second half year.

    In the second half of 2010 a total of 121 companies were formed in West Bromwich. This figure is 18.6% higher than last year, which compares well to the UK wide figure of 8.8%.

    The highest total for a second half year in West Bromwich occurred in 2010 when a total of 121 were formed.

    Half Year (Jul-Dec)West BromwichUK
    2010121196,609
    2009102180,654
    % change18.6%8.8%
    Record Year2010 (121)2003 (201,446)
    New Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    Q4 2010 saw a new record in company registrations in West Bromwich when compared to any previous Q4.

    A total of 66 companies were registered in West Bromwich during the fourth quarter of 2010 (Oct 2010 - Dec 2010).

    This figure is an increase of 24.5% 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)West BromwichUK
    20106695,117
    20095385,983
    % change24.5%10.6%
    Record Year 2010 (66) 2010 (95,117)
    New Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    December 2010 saw a new record in company registrations in West Bromwich when compared to any previous December.

    November 2010 saw a new record in company registrations in West Bromwich when compared to any previous November.

    October 2010 saw a new record in company registrations in West Bromwich when compared to any previous October.

    New Companies by Month
    OctoberNovemberDecember
    New companies in 2010252516
    New companies in 2009181916
    % change38.9%31.6%0.0%
    Record Year2010 (25)2010 (25)2010 (16)

Closed Companies (dissolved)

  1. Annual Data (2010)

    A total of 168 companies were dissolved in West Bromwich in 2010. This total is 23.3% lower than in 2009 and compares favourably to the UK figure of 35.9% decrease compared to the previous year.

    YearWest BromwichUK
    2010168342,232
    2009219533,773
    200895237,901
    2007141220,295
    2006138200,166
    Record Year2009 (219)2009 (533,773)
    Dissolved Companies by Year
  2. Half Year Data (Jul-Dec 2010)

    In the second half of 2010 a total of 88 companies were dissolved in West Bromwich. This figure is 24.8% lower than last year, which compares badly to the UK wide change of -32.7%.

    The highest total for a second half year in West Bromwich occurred in 2009 when a total of 117 were closed.

    Half Year (Jul-Dec)West BromwichUK
    201088164,601
    2009117244,537
    % change-24.8%-32.7%
    Record Year2009 (117)2009 (244,537)
    Dissolved Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    A total of 30 companies were dissolved in West Bromwich during the fourth quarter of 2010 (Oct 2010 - Dec 2010).

    This figure is a decrease of 40.0% 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)West BromwichUK
    20103076,896
    20095085,136
    % change-40.0%-9.7%
    Record Year 2009 (50) 2009 (85,136)
    Dissolved Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    October 2010 saw a new record in company closures in West Bromwich when compared to any previous October.

    Dissolved Companies by Month
    OctoberNovemberDecember
    Closed companies in 20101965
    Closed companies in 2009151619
    % change26.7%-62.5%-74%
    Record Year2010 (19)2006 (18)2009 (19)

Net Company Growth

  1. Annual Data (2010)

    A total of 61 companies were added to the company register for West Bromwich in 2010. This number represents growth of 28.5% in the total number of active companies, which compares favourably to the UK figure of 16.0%.

    This number is 66 companies higher than the previous year.

    The highest net company growth figure ever seen in one year came in 2008 when the West Bromwich company register grew by 108 companies.

    YearWest BromwichUK
    20106158,126
    2009-5-171,098
    2008108111,302
    200764237,354
    200630205,274
    Record Year2008 (108)2003 (242,543)
    Net Growth by Year
  2. Half Year Data (Jul-Dec 2010)

    In the second half of 2010 the company register for West Bromwich increased by 33 companies.

    Half Year (Jul-Dec)West BromwichUK
    20103332,008
    2009-15-63,883
    Record Year2002 (39)2003 (117,772)
    Net Growth by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    Q4 2010 saw a new record in net growth in West Bromwich when compared to any previous Q4.

    Net company growth for West Bromwich during the fourth quarter of 2010 (Oct 2010 - Dec 2010) was 36 companies.

    fourth quarter (Oct 2010 - Dec 2010)West BromwichUK
    20103618,221
    20093847
    Record Year 2010 (36) 2003 (57,175)
    Net Growth by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    December 2010 saw a new record in net growth in West Bromwich when compared to any previous December.

    November 2010 saw a new record in net growth in West Bromwich when compared to any previous November.

    Net Growth by Month
    OctoberNovemberDecember
    Net growth in 201061911
    Net growth in 200933-3
    Record Year2008 (13)2010 (19)2010 (11)

UK Company Share

  1. Annual Data (2010)

    In 2010 West Bromwich formed 0.1% of all UK companies. This is no change on 2009 when West Bromwich was responsible for 0.1% of all UK companies.

    YearWest Bromwich
    20100.1%
    20090.1%
    20080.1%
    20070.0%
    20060.0%
    Record Year (since 1960)1967 (0.2%)
    Company Share by Year
  2. Half Year Data (Jul-Dec 2010)

    In the second half of 2010 West Bromwich formed 0.1% of all UK companies. This is the same as the 2009 figure of 0.1%.

    Half Year (Jul-Dec)West Bromwich
    20100.1%
    20090.1%
    20080.0%
    20070.1%
    20060.0%
    Record Year (since 1960) 1969 (0.2%)
    Company Share by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    In the fourth quarter of 2010, West Bromwich formed 0.1% of all UK companies.

    fourth quarter (Oct 2010 - Dec 2010)West Bromwich
    20100.1%
    20090.1%
    20080.0%
    20070.0%
    20060.0%
    Record Year (since 1960) 1969 (0.2%)
    Company Share by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    Company Share by Month
    OctoberNovemberDecember
    UK formation share in 20100.1%0.1%0.1%
    UK formation share in 20090.1%0.1%0.1%
    % change21.6%17.6%-4.8%
    Record Year1967 (0.3%)1962 (0.3%)1969 (0.4%)

Director Age

  1. Annual Data (2010)

    The average age of a director in 2010 was 42.2.

    The percentage of directors under the age of 25 was 5.0% compared to the UK figure of 2.5%.

    The percentage of directors over the age of 65 was 5.0% compared to the UK figure of 4.5%.

    Director Age by Year
  2. Half Year Data (Jul-Dec 2010)

    The average age of a director in the second half of 2010 was 40.6.

    The percentage of directors under the age of 25 was 6.7% compared to the UK figure of 2.8%.

    The percentage of directors over the age of 65 was 2.0% compared to the UK figure of 4.4%.

    Director Age by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    The average age of a director in the fourth quarter of 2010 was 41.6.

    The percentage of directors under the age of 25 was 4.2% compared to the UK figure of 3.0%.

    The percentage of directors over the age of 65 was 1.4% compared to the UK figure of 4.4%.

    Director Age by Quarter

Director Gender

  1. Annual Data (2010)

    The record year for female directors in West Bromwich was 1857 when 36.4% of all directors were female.

    The percentage of female directors in West Bromwich in 2010 was 19.1%. The average for the UK during this time was 26.2%

    Director Gender by Year
  2. Half Year Data (Jul-Dec 2010)

    The record second half year for female directors in West Bromwich was 1860 when 42.9% of all directors were female.

    19.7% of all director appointments in West Bromwich 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
  3. Quarterly Data (Q4 Oct-Dec 2010)

    The record fourth quarter for female directors in West Bromwich was in 1977 when 31.1% of all directors were female.

    24.4% of all director appointments in West Bromwich 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

  1. Previous 12 months (Dec 2009-Dec 2010)

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

    wordpercentageuk worduk percentage
    MANAGEMENT1.85%CONSULTING5.06%
    PROPERTIES1.23%MANAGEMENT5.01%
    ENTERPRISE1.03%CONSULTANCY3.14%
    EXPRESS0.82%PROPERTY2.36%
    FURNITURE0.82%TRADING2.11%
    PROPERTY0.82%ASSOCIATES1.95%
    CLEANING0.62%DESIGN1.92%
    COMMUNITY0.62%BUSINESS1.82%
    WEST0.62%CONSTRUCTION1.82%
    KEERAT0.62%CONSULTANTS1.76%
    SUPPLIES0.62%MEDIA1.71%
    DIRECT0.62%ENGINEERING1.62%
    CONTRACTORS0.62%LONDON1.60%
    M0.62%CARE1.45%
    TRADING0.62%INVESTMENTS1.44%
    CONSULTANCY0.62%GLOBAL1.43%
    GREEN0.62%J1.42%
    MIDLANDS0.62%IT1.41%
    HOLT0.41%PROPERTIES1.34%
    SPORTS0.41%INTERNATIONAL1.34%
    ANGLO0.41%BUILDING1.34%
    T0.41%M1.30%
    COLLEGE0.41%ELECTRICAL1.25%
    BB0.41%SYSTEMS1.24%
    SECURITY0.41%S1.23%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied136199,572
    7487 - Other business activities2463,348
    9999 - Dormant Company1220,144
    1754 - Manufacture of other textiles9153
    32990 - Other manufacturing not elsewhere classified61,405
    86900 - Other human health activities53,700
    9305 - Other service activities58,858
    82990 - Other business support service activities not elsewhere classified527,550
    43220 - Plumbing, heat and air-conditioning installation42,187
    5530 - Restaurants44,939
    4534 - Other building installation42,357
    43342 - Glazing4354
    5190 - Other wholesale41,447
    62090 - Other information technology service activities46,330
    43991 - Scaffold erection4244
    4521 - General construction & civil engineering46,598
    5552 - Catering42,157
    8514 - Other human health activities32,450
    7499 - Non-trading company312,000
    46130 - Agents involved in the sale of timber and building materials3172

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    07455808 MIDLANDS RESOURCE MANAGEMENT LTD 30 Nov 2010
    07454733 TLK PROPERTY MANAGEMENT LIMITED 30 Nov 2010
    07454076 SVJ SOLAR LIMITED 29 Nov 2010
    07450579 CHAHAL'S PURE VEGETARIAN SWEET CENTRE LIMITED 25 Nov 2010
    07449608 THE LETTINGS SHOP LIMITED 24 Nov 2010
    07449536 MEMORIES BANQUETING AND CONFERNCE FACILITIES LIMITED 24 Nov 2010
    07446916 COCKTAIL COSMETICS LTD 22 Nov 2010
    07445799 SUPPLY STAFF LIMITED 22 Nov 2010
    07439291 SHARMA BUSINESS VENTURES LTD 15 Nov 2010
    07438053 B.A.B.A. ADISSA LIMITED 12 Nov 2010
    07437502 SOLLAMAN CONSULTANCY SERVICES LTD 11 Nov 2010
    07436807 TINAVI WEDDING DECOR LIMITED 11 Nov 2010
    07435536 DR. JOO & ASSOCIATES LTD 10 Nov 2010
    07431688 FARLEY ROAD MANAGEMENT COMPANY LTD 08 Nov 2010
    07429432 BAINS CHILDCARE LIMITED 04 Nov 2010
    07428979 ANGLO HOLT (ABINGDON ROAD) LIMITED 03 Nov 2010
    07425004 KEERAT HIRE'S & RECOVERIES LTD 01 Nov 2010
    OC359439 ABINGDON DEVELOPMENTS LLP 10 Nov 2010
    07449974 LOCOBEAT LTD 24 Nov 2010
    07446431 COPUS LIMITED 22 Nov 2010
    07444151 M T TRANSPORT LIMITED 18 Nov 2010
    07442066 ONE WEB SOLUTIONS LTD 17 Nov 2010
    07434824 S & KOSH LIMITED 10 Nov 2010
    07431508 HILL TOP HAULAGE LIMITED 05 Nov 2010
    07431007 D&C BUILDING DEVELOPMENT LTD 05 Nov 2010

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