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West Midlands

2013 Annual Business Confidence Report

NOTICE: We have improved our calculations of the statistics in these reports, so some figures and records may not match previous reports.

Headlines

  • October 2013 saw a new record in company registrations in West Midlands when compared to any previous October.
  • The record fourth quarter for female directors in West Midlands was in 2013 when 24.8% of all directors were female.

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 (2013)

    A total of 23,271 companies were formed in West Midlands in 2013. This total is 8.9% higher than in 2012 and compares equally to the UK figure of a 7.6% growth compared to 491,893 the previous year.

    YearWest MidlandsUK
    201323,271529,363
    201221,378491,893
    201119,761452,870
    201017,946400,358
    200916,753362,675
    Record Year2006 (25,355)2013 (529,363)
    New Companies by Year

  2. Half Year Data (Jul-Dec 2013)

    In the second half of 2013 a total of 11,774 companies were formed in West Midlands. This figure is 13.2% higher than last year, which compares well to the UK wide figure of 8.9%.

    The highest total for a second half year in West Midlands occurred in 2006 when a total of 12,106 were formed.

    Half Year (Jul-Dec)West MidlandsUK
    201311,774259,931
    201210,402238,743
    % change13.2%8.9%
    Record Year2006 (12,106)2013 (259,931)
    New Companies by Half Year

  3. Quarterly Data (Q4 Oct-Dec 2013)

    A total of 5,812 companies were registered in West Midlands during the fourth quarter of 2013 (Oct 2013 - Dec 2013).

    This figure is an increase of 13.1% versus the same period last year (Q4 2012). This figure compares equally to the UK as a whole, which saw an increase of 6.1% against the same period last year.

    fourth quarter (Oct 2013 - Dec 2013)West MidlandsUK
    20135,812127,247
    20125,140119,875
    % change13.1%6.1%
    Record Year 2006 (6,053) 2013 (127,247)
    New Companies by Quarter

  4. Monthly Data (Oct, Nov & Dec 2013)

    October 2013 saw a new record in company registrations in West Midlands when compared to any previous October.

    New Companies by Month
    OctoberNovemberDecember
    New companies in 20132,3011,9391,572
    New companies in 20122,0491,7541,337
    % change12.3%10.5%17.6%
    Record Year2013 (2,301)2006 (2,289)2005 (1,674)

Closed Companies (dissolved)

  1. Annual Data (2013)

    A total of 16,656 companies were dissolved in West Midlands in 2013. This total is 11.1% higher than in 2012 and compares unfavourably to the UK figure of 13.1% growth compared to the previous year.

    YearWest MidlandsUK
    201316,656332,213
    201214,987293,729
    201117,390314,524
    201022,075342,233
    200928,672533,789
    Record Year2009 (28,672)2009 (533,789)
    Dissolved Companies by Year

  2. Half Year Data (Jul-Dec 2013)

    In the second half of 2013 a total of 8,652 companies were dissolved in West Midlands. This figure is 15.9% higher than last year, which compares well to the UK wide change of 21.3%.

    The highest total for a second half year in West Midlands occurred in 2009 when a total of 12,059 were closed.

    Half Year (Jul-Dec)West MidlandsUK
    20138,652177,021
    20127,467145,935
    % change15.9%21.3%
    Record Year2009 (12,059)2009 (244,544)
    Dissolved Companies by Half Year

  3. Quarterly Data (Q4 Oct-Dec 2013)

    A total of 4,312 companies were dissolved in West Midlands during the fourth quarter of 2013 (Oct 2013 - Dec 2013).

    This figure is an increase of 17.4% versus the same period last year (Q4 2012). This figure compares well to the UK as a whole, which saw an increase of 29.7% against the same period last year.

    fourth quarter (Oct 2013 - Dec 2013)West MidlandsUK
    20134,31290,851
    20123,67470,027
    % change17.4%29.7%
    Record Year 2009 (5,253) 2013 (90,851)
    Dissolved Companies by Quarter

  4. Monthly Data (Oct, Nov & Dec 2013)

    Dissolved Companies by Month
    OctoberNovemberDecember
    Closed companies in 20131,6661,3291,317
    Closed companies in 20121,6921,265717
    % change-1.5%5.1%84%
    Record Year2009 (2,065)2010 (2,274)2009 (1,713)

Net Company Growth

  1. Annual Data (2013)

    A total of 6,615 companies were added to the company register for West Midlands in 2013. This number represents growth of 28.4% in the total number of active companies, which compares unfavourably to the UK figure of 37.2%.

    This number is 224 companies higher than the previous year.

    The highest net company growth figure ever seen in one year came in 2006 when the West Midlands company register grew by 16,822 companies.

    YearWest MidlandsUK
    20136,615197,150
    20126,391198,164
    20112,371138,346
    2010-4,12958,125
    2009-11,919-171,114
    Record Year2006 (16,822)2007 (237,353)
    Net Growth by Year

  2. Half Year Data (Jul-Dec 2013)

    In the second half of 2013 the company register for West Midlands increased by 3,122 companies.

    Half Year (Jul-Dec)West MidlandsUK
    20133,12282,910
    20122,93592,808
    Record Year2006 (7,439)2003 (117,772)
    Net Growth by Half Year

  3. Quarterly Data (Q4 Oct-Dec 2013)

    Net company growth for West Midlands during the fourth quarter of 2013 (Oct 2013 - Dec 2013) was 1,500 companies.

    fourth quarter (Oct 2013 - Dec 2013)West MidlandsUK
    20131,50036,396
    20121,46649,848
    Record Year 2006 (3,663) 2012 (49,848)
    Net Growth by Quarter

  4. Monthly Data (Oct, Nov & Dec 2013)

    Net Growth by Month
    OctoberNovemberDecember
    Net growth in 2013635610255
    Net growth in 2012357489620
    Record Year2006 (1,171)2006 (1,364)2006 (1,128)

UK Company Share

  1. Annual Data (2013)

    In 2013 West Midlands formed 4.4% of all UK companies. This is an improvement on 2012 when West Midlands was responsible for 4.3% of all UK companies.

    YearWest Midlands
    20134.4%
    20124.3%
    20114.4%
    20104.5%
    20094.6%
    Record Year (since 1960)2006 (6.3%)
    Company Share by Year

  2. Half Year Data (Jul-Dec 2013)

    In the second half of 2013 West Midlands formed 4.5% of all UK companies. This is more than the 2012 figure of 4.4%.

    Half Year (Jul-Dec)West Midlands
    20134.5%
    20124.4%
    20114.4%
    20104.5%
    20094.5%
    Record Year (since 1960) 2006 (6.4%)
    Company Share by Half Year

  3. Quarterly Data (Q4 Oct-Dec 2013)

    In the fourth quarter of 2013, West Midlands formed 4.6% of all UK companies.

    fourth quarter (Oct 2013 - Dec 2013)West Midlands
    20134.6%
    20124.3%
    20114.3%
    20104.5%
    20094.5%
    Record Year (since 1960) 2006 (6.4%)
    Company Share by Quarter

  4. Monthly Data (Oct, Nov & Dec 2013)

    Company Share by Month
    OctoberNovemberDecember
    UK formation share in 20134.6%4.5%4.5%
    UK formation share in 20124.4%4.1%4.3%
    % change4.4%8.7%6.9%
    Record Year2006 (5.9%)2006 (6.8%)2005 (6.8%)

Director Age

  1. Annual Data (2013)

    The average age of a director in 2013 was 42.4.

    The percentage of directors under the age of 25 was 3.3% compared to the UK figure of 3.9%.

    The percentage of directors over the age of 65 was 5.2% compared to the UK figure of 4.2%.

    Director Age by Year

  2. Half Year Data (Jul-Dec 2013)

    The average age of a director in the second half of 2013 was 42.0.

    The percentage of directors under the age of 25 was 3.1% 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 4.8%.

    Director Age by Half Year

  3. Quarterly Data (Q4 Oct-Dec 2013)

    The average age of a director in the fourth quarter of 2013 was 42.0.

    The percentage of directors under the age of 25 was 3.0% compared to the UK figure of 3.7%.

    The percentage of directors over the age of 65 was 5.6% compared to the UK figure of 5.1%.

    Director Age by Quarter

Director Gender

  1. Annual Data (2013)

    The record year for female directors in West Midlands was 1991 when 30.4% of all directors were female.

    The percentage of female directors in West Midlands in 2013 was 24.2%. The average for the UK during this time was 26.0%

    Director Gender by Year

  2. Half Year Data (Jul-Dec 2013)

    The record second half year for female directors in West Midlands was 2012 when 24.6% of all directors were female.

    23.8% of all director appointments in West Midlands in the second half of 2013 were female. This compares to a UK average of 25.9% for the same period.

    Director Gender by Half Year

  3. Quarterly Data (Q4 Oct-Dec 2013)

    The record fourth quarter for female directors in West Midlands was in 2013 when 24.8% of all directors were female.

    24.8% of all director appointments in West Midlands in the fourth quarter of 2013 were female. This compares to a UK average of 25.6% for the same period.

    Director Gender by Quarter

Naming Trends

  1. Previous 12 months (Dec 2012-Dec 2013)

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

    wordpercentageuk worduk percentage
    MANAGEMENT2.64%CONSULTING5.22%
    CONSULTING1.84%MANAGEMENT4.72%
    CONSULTANCY1.68%CONSULTANCY3.45%
    CARE1.52%PROPERTY2.59%
    PROPERTY1.25%TRADING2.08%
    TRADING1.23%ENGINEERING1.87%
    CO.,1.16%LONDON1.86%
    S1.07%DESIGN1.76%
    J1.01%CONSTRUCTION1.73%
    M1.00%CARE1.73%
    TRANSPORT0.86%BUSINESS1.71%
    BUSINESS0.86%CONSULTANTS1.68%
    GLOBAL0.85%GLOBAL1.58%
    BIRMINGHAM0.83%INVESTMENTS1.56%
    PROPERTIES0.81%PROPERTIES1.54%
    DESIGN0.81%ASSOCIATES1.53%
    CONSTRUCTION0.80%J1.51%
    MIDLANDS0.78%MEDIA1.50%
    R0.78%IT1.35%
    ENGINEERING0.77%DEVELOPMENTS1.23%
    D0.77%M1.23%
    ASSOCIATES0.75%BUILDING1.21%
    CONSULTANTS0.73%ELECTRICAL1.20%
    LOGISTICS0.71%CAPITAL1.19%
    ENTERPRISES0.67%ENERGY1.14%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied12,877266,814
    82990 - Other business support service activities not elsewhere classified2,69455,342
    99999 - Dormant Company1,83046,762
    70229 - Management consultancy activities other than financial management1,09436,164
    62020 - Information technology consultancy activities1,00227,183
    56103 - Take-away food shops and mobile food stands9007,010
    96090 - Other service activities not elsewhere classified89126,001
    49410 - Freight transport by road5807,333
    74909 - Other professional, scientific and technical activities not elsewhere classified51918,034
    86900 - Other human health activities5109,543
    56101 - Licensed restaurants4757,685
    74990 - Non-trading company47314,223
    47910 - Retail sale via mail order houses or via Internet4568,879
    62090 - Other information technology service activities43612,511
    68209 - Other letting and operating of own or leased real estate3378,733
    41100 - Development of building projects3259,485
    62012 - Business and domestic software development2959,360
    86210 - General medical practice activities2843,942
    47190 - Other retail sale in non-specialised stores2813,473
    69201 - Accounting and auditing activities2817,075

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    08797810 FLOWER OF LIFE PROJECTS LTD 02 Dec 2013
    08801844 H20 OXFORD STREET LIMITED 04 Dec 2013
    08804515 VACUUMSERVE LIMITED 06 Dec 2013
    08817940 AWESOME ACCESSORIES LTD 17 Dec 2013
    08822969 ALL4MEDIA LTD 20 Dec 2013
    08826519 TYPHOON ACCESSORIES LIMITED 27 Dec 2013
    08827750 O'TWADHI LIMITED 30 Dec 2013
    08805082 AVONHAM LIMITED 06 Dec 2013
    08816269 KEN (2018) LIMITED 16 Dec 2013
    08816737 LIGHT (2018) LIMITED 16 Dec 2013
    08816785 OLIVER (2018) LIMITED 16 Dec 2013
    08816801 XIN (2018) LIMITED 16 Dec 2013
    08817808 F 80 LIMITED 17 Dec 2013
    08822758 STEPHENSON GENERAL PARTNER LIMITED 20 Dec 2013
    08824782 B DIRECTION LIMITED 23 Dec 2013
    08825129 N DIRECTION LIMITED 23 Dec 2013
    08825191 P DIRECTION LIMITED 23 Dec 2013
    08825229 Z DIRECTION LIMITED 23 Dec 2013
    08825260 W DIRECTION LIMITED 23 Dec 2013
    08827665 LEADING VANTAGE (UK) LIMITED 30 Dec 2013
    08827909 BALDWIN CONSULTING LTD 30 Dec 2013
    08798416 ESSAY PHOTOGRAPHY LIMITED 02 Dec 2013
    08799782 GRANT THORNTON PENSIONS TRUSTEES LIMITED 03 Dec 2013
    08800331 PORTWAY COMMUNITY RUGBY 03 Dec 2013
    08801178 GREEN LANE FARM (PREES) LIMITED 03 Dec 2013

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