West Midlands

Q1 2014 Business Confidence Report

Headlines

  • February 2014 saw a new record in company registrations in West Midlands when compared to any previous February.
  • January 2014 saw a new record in company registrations in West Midlands when compared to any previous January.
  • February 2014 saw a new record in company registrations in West Midlands when compared to any previous February.
  • January 2014 saw a new record in company registrations in West Midlands when compared to any previous January.
  • February 2014 saw a new record in company registrations in West Midlands when compared to any previous February.
  • January 2014 saw a new record in company registrations in West Midlands when compared to any previous January.
  • The record first quarter for female directors in West Midlands was in 2014 when 25.9% of all directors were female.
  • The record first quarter for female directors in West Midlands was in 2014 when 25.9% of all directors were female.
  • The record first quarter for female directors in West Midlands was in 2014 when 25.9% 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. Quarterly Data (Q1 Jan-Mar 2014)

    A total of 6,760 companies were registered in West Midlands during the first quarter of 2014 (Jan 2014 - Mar 2014).

    This figure is an increase of 17.2% versus the same period last year (Q1 2013). This figure compares well to the UK as a whole, which saw an increase of 11.8% against the same period last year.

    first quarter (Jan 2014 - Mar 2014)West MidlandsUK
    20146,760150,722
    20135,767134,802
    % change17.2%11.8%
    Record Year 2006 (6,874) 2007 (166,814)
    New Companies by Quarter

    A total of 6,760 companies were registered in West Midlands during the first quarter of 2014 (Jan 2014 - Mar 2014).

    This figure is an increase of 17.2% versus the same period last year (Q1 2013). This figure compares well to the UK as a whole, which saw an increase of 11.8% against the same period last year.

    first quarter (Jan 2014 - Mar 2014)West MidlandsUK
    20146,760150,722
    20135,767134,802
    % change17.2%11.8%
    Record Year 2006 (6,874) 2007 (166,814)
    New Companies by Quarter

    A total of 6,760 companies were registered in West Midlands during the first quarter of 2014 (Jan 2014 - Mar 2014).

    This figure is an increase of 17.2% versus the same period last year (Q1 2013). This figure compares well to the UK as a whole, which saw an increase of 11.8% against the same period last year.

    first quarter (Jan 2014 - Mar 2014)West MidlandsUK
    20146,760150,722
    20135,767134,802
    % change17.2%11.8%
    Record Year 2006 (6,874) 2007 (166,814)
    New Companies by Quarter
  2. Monthly Data (Jan, Feb & Mar 2014)

    February 2014 saw a new record in company registrations in West Midlands when compared to any previous February.

    January 2014 saw a new record in company registrations in West Midlands when compared to any previous January.

    February 2014 saw a new record in company registrations in West Midlands when compared to any previous February.

    January 2014 saw a new record in company registrations in West Midlands when compared to any previous January.

    February 2014 saw a new record in company registrations in West Midlands when compared to any previous February.

    January 2014 saw a new record in company registrations in West Midlands when compared to any previous January.

    New Companies by Month
    New Companies by Month
    New Companies by Month
    JanuaryFebruaryMarch
    New companies in 20142,2042,1142,442
    New companies in 20131,9031,8492,015
    % change15.8%14.3%21.2%
    Record Year2014 (2,204)2014 (2,114)2007 (2,850)
    JanuaryFebruaryMarch
    New companies in 20142,2042,1142,442
    New companies in 20131,9031,8492,015
    % change15.8%14.3%21.2%
    Record Year2014 (2,204)2014 (2,114)2007 (2,850)
    JanuaryFebruaryMarch
    New companies in 20142,2042,1142,442
    New companies in 20131,9031,8492,015
    % change15.8%14.3%21.2%
    Record Year2014 (2,204)2014 (2,114)2007 (2,850)

Closed Companies (dissolved)

  1. Quarterly Data (Q1 Jan-Mar 2014)

    A total of 3,826 companies were dissolved in West Midlands during the first quarter of 2014 (Jan 2014 - Mar 2014).

    This figure is a decrease of 2.5% versus the same period last year (Q1 2013). This figure compares well to the UK as a whole, which saw an increase of 5.7% against the same period last year.

    first quarter (Jan 2014 - Mar 2014)West MidlandsUK
    20143,82682,370
    20133,92377,914
    % change-2.5%5.7%
    Record Year 2009 (5,750) 2009 (108,066)
    Dissolved Companies by Quarter

    A total of 3,826 companies were dissolved in West Midlands during the first quarter of 2014 (Jan 2014 - Mar 2014).

    This figure is a decrease of 2.5% versus the same period last year (Q1 2013). This figure compares well to the UK as a whole, which saw an increase of 5.7% against the same period last year.

    first quarter (Jan 2014 - Mar 2014)West MidlandsUK
    20143,82682,370
    20133,92377,914
    % change-2.5%5.7%
    Record Year 2009 (5,750) 2009 (108,066)
    Dissolved Companies by Quarter

    A total of 3,826 companies were dissolved in West Midlands during the first quarter of 2014 (Jan 2014 - Mar 2014).

    This figure is a decrease of 2.5% versus the same period last year (Q1 2013). This figure compares well to the UK as a whole, which saw an increase of 5.7% against the same period last year.

    first quarter (Jan 2014 - Mar 2014)West MidlandsUK
    20143,82682,370
    20133,92377,914
    % change-2.5%5.7%
    Record Year 2009 (5,750) 2009 (108,066)
    Dissolved Companies by Quarter
  2. Monthly Data (Jan, Feb & Mar 2014)

    Dissolved Companies by Month
    Dissolved Companies by Month
    Dissolved Companies by Month
    JanuaryFebruaryMarch
    Closed companies in 20141,2541,3351,237
    Closed companies in 20131,6501,1361,137
    % change-24.0%17.5%9%
    Record Year2011 (2,209)2011 (1,452)2009 (3,565)
    JanuaryFebruaryMarch
    Closed companies in 20141,2541,3351,237
    Closed companies in 20131,6501,1361,137
    % change-24.0%17.5%9%
    Record Year2011 (2,209)2011 (1,452)2009 (3,565)
    JanuaryFebruaryMarch
    Closed companies in 20141,2541,3351,237
    Closed companies in 20131,6501,1361,137
    % change-24.0%17.5%9%
    Record Year2011 (2,209)2011 (1,452)2009 (3,565)

Net Company Growth

  1. Quarterly Data (Q1 Jan-Mar 2014)

    Net company growth for West Midlands during the first quarter of 2014 (Jan 2014 - Mar 2014) was 2,934 companies.

    first quarter (Jan 2014 - Mar 2014)West MidlandsUK
    20142,93468,352
    20131,84456,888
    Record Year 2006 (5,020) 2007 (111,282)
    Net Growth by Quarter

    Net company growth for West Midlands during the first quarter of 2014 (Jan 2014 - Mar 2014) was 2,934 companies.

    first quarter (Jan 2014 - Mar 2014)West MidlandsUK
    20142,93468,352
    20131,84456,888
    Record Year 2006 (5,020) 2007 (111,282)
    Net Growth by Quarter

    Net company growth for West Midlands during the first quarter of 2014 (Jan 2014 - Mar 2014) was 2,934 companies.

    first quarter (Jan 2014 - Mar 2014)West MidlandsUK
    20142,93468,352
    20131,84456,888
    Record Year 2006 (5,020) 2007 (111,282)
    Net Growth by Quarter
  2. Monthly Data (Jan, Feb & Mar 2014)

    Net Growth by Month
    Net Growth by Month
    Net Growth by Month
    JanuaryFebruaryMarch
    Net growth in 20149507791,205
    Net growth in 2013253713878
    Record Year2006 (1,375)2006 (1,545)2006 (2,100)
    JanuaryFebruaryMarch
    Net growth in 20149507791,205
    Net growth in 2013253713878
    Record Year2006 (1,375)2006 (1,545)2006 (2,100)
    JanuaryFebruaryMarch
    Net growth in 20149507791,205
    Net growth in 2013253713878
    Record Year2006 (1,375)2006 (1,545)2006 (2,100)

UK Company Share

  1. Quarterly Data (Q1 Jan-Mar 2014)

    In the first quarter of 2014, West Midlands formed 4.5% of all UK companies.

    first quarter (Jan 2014 - Mar 2014)West Midlands
    20144.5%
    20134.3%
    20124.3%
    20114.3%
    20104.5%
    Record Year (since 1960) 2006 (6.3%)
    Company Share by Quarter

    In the first quarter of 2014, West Midlands formed 4.5% of all UK companies.

    first quarter (Jan 2014 - Mar 2014)West Midlands
    20144.5%
    20134.3%
    20124.3%
    20114.3%
    20104.5%
    Record Year (since 1960) 2006 (6.3%)
    Company Share by Quarter

    In the first quarter of 2014, West Midlands formed 4.5% of all UK companies.

    first quarter (Jan 2014 - Mar 2014)West Midlands
    20144.5%
    20134.3%
    20124.3%
    20114.3%
    20104.5%
    Record Year (since 1960) 2006 (6.3%)
    Company Share by Quarter
  2. Monthly Data (Jan, Feb & Mar 2014)

    Company Share by Month
    Company Share by Month
    Company Share by Month
    JanuaryFebruaryMarch
    UK formation share in 20144.7%4.4%4.4%
    UK formation share in 20134.3%4.2%4.3%
    % change8.4%5.6%1.1%
    Record Year2006 (6.6%)2006 (6.2%)2006 (6.2%)
    JanuaryFebruaryMarch
    UK formation share in 20144.7%4.4%4.4%
    UK formation share in 20134.3%4.2%4.3%
    % change8.4%5.6%1.1%
    Record Year2006 (6.6%)2006 (6.2%)2006 (6.2%)
    JanuaryFebruaryMarch
    UK formation share in 20144.7%4.4%4.4%
    UK formation share in 20134.3%4.2%4.3%
    % change8.4%5.6%1.1%
    Record Year2006 (6.6%)2006 (6.2%)2006 (6.2%)

Director Age

  1. Quarterly Data (Q1 Jan-Mar 2014)

    The average age of a director in the first quarter of 2014 was 42.9.

    The percentage of directors under the age of 25 was 3.7% compared to the UK figure of 4.6%.

    The percentage of directors over the age of 65 was 4.1% compared to the UK figure of 3.5%.

    Director Age by Quarter

    The average age of a director in the first quarter of 2014 was 42.9.

    The percentage of directors under the age of 25 was 3.7% compared to the UK figure of 4.6%.

    The percentage of directors over the age of 65 was 4.1% compared to the UK figure of 3.5%.

    Director Age by Quarter

    The average age of a director in the first quarter of 2014 was 42.9.

    The percentage of directors under the age of 25 was 3.7% compared to the UK figure of 4.6%.

    The percentage of directors over the age of 65 was 4.1% compared to the UK figure of 3.5%.

    Director Age by Quarter

Director Gender

  1. Quarterly Data (Q1 Jan-Mar 2014)

    The record first quarter for female directors in West Midlands was in 2014 when 25.9% of all directors were female.

    25.9% of all director appointments in West Midlands in the first quarter of 2014 were female. This compares to a UK average of 26.4% for the same period.

    Director Gender by Quarter

    The record first quarter for female directors in West Midlands was in 2014 when 25.9% of all directors were female.

    25.9% of all director appointments in West Midlands in the first quarter of 2014 were female. This compares to a UK average of 26.4% for the same period.

    Director Gender by Quarter

    The record first quarter for female directors in West Midlands was in 2014 when 25.9% of all directors were female.

    25.9% of all director appointments in West Midlands in the first quarter of 2014 were female. This compares to a UK average of 26.4% for the same period.

    Director Gender by Quarter

Naming Trends

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

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

    wordpercentageuk worduk percentage
    MANAGEMENT2.41%CONSULTING5.22%
    CONSULTING1.81%MANAGEMENT4.67%
    CONSULTANCY1.62%CONSULTANCY3.49%
    CARE1.50%PROPERTY2.64%
    CO.,1.40%TRADING2.05%
    TRADING1.19%LONDON1.88%
    PROPERTY1.19%ENGINEERING1.86%
    S1.09%CARE1.79%
    J1.00%CONSTRUCTION1.75%
    M0.99%DESIGN1.75%
    TRANSPORT0.98%CONSULTANTS1.73%
    BUSINESS0.88%BUSINESS1.71%
    BIRMINGHAM0.86%PROPERTIES1.60%
    PROPERTIES0.85%INVESTMENTS1.60%
    GLOBAL0.82%GLOBAL1.58%
    MIDLANDS0.81%J1.48%
    CONSULTANTS0.81%ASSOCIATES1.48%
    R0.78%MEDIA1.48%
    CONSTRUCTION0.77%IT1.33%
    DESIGN0.74%TRANSPORT1.30%
    ENGINEERING0.74%DEVELOPMENTS1.29%
    D0.72%BUILDING1.24%
    MEDIA0.71%M1.21%
    LOGISTICS0.68%CAPITAL1.20%
    INVESTMENTS0.67%ELECTRICAL1.19%
    wordpercentageuk worduk percentage
    MANAGEMENT2.41%CONSULTING5.23%
    CONSULTING1.82%MANAGEMENT4.69%
    CONSULTANCY1.62%CONSULTANCY3.49%
    CARE1.51%PROPERTY2.64%
    CO.,1.40%TRADING2.05%
    TRADING1.22%LONDON1.90%
    PROPERTY1.20%ENGINEERING1.87%
    S1.09%CARE1.80%
    J1.00%CONSTRUCTION1.76%
    M0.99%DESIGN1.75%
    TRANSPORT0.98%CONSULTANTS1.73%
    BUSINESS0.89%BUSINESS1.71%
    BIRMINGHAM0.86%PROPERTIES1.60%
    PROPERTIES0.84%INVESTMENTS1.60%
    GLOBAL0.83%GLOBAL1.59%
    MIDLANDS0.81%MEDIA1.49%
    CONSULTANTS0.81%J1.49%
    R0.78%ASSOCIATES1.48%
    CONSTRUCTION0.76%IT1.34%
    ENGINEERING0.74%TRANSPORT1.30%
    DESIGN0.74%DEVELOPMENTS1.29%
    D0.72%BUILDING1.24%
    MEDIA0.72%CAPITAL1.21%
    LOGISTICS0.68%M1.21%
    HEALTHCARE0.67%ELECTRICAL1.19%
    wordpercentageuk worduk percentage
    MANAGEMENT2.42%CONSULTING5.23%
    CONSULTING1.82%MANAGEMENT4.69%
    CONSULTANCY1.62%CONSULTANCY3.49%
    CARE1.51%PROPERTY2.64%
    CO.,1.41%TRADING2.04%
    TRADING1.20%LONDON1.90%
    PROPERTY1.20%ENGINEERING1.87%
    S1.10%CARE1.80%
    J1.00%CONSTRUCTION1.77%
    M0.99%DESIGN1.75%
    TRANSPORT0.98%CONSULTANTS1.73%
    BUSINESS0.89%BUSINESS1.71%
    BIRMINGHAM0.86%PROPERTIES1.60%
    PROPERTIES0.85%INVESTMENTS1.59%
    GLOBAL0.83%GLOBAL1.59%
    MIDLANDS0.81%MEDIA1.49%
    CONSULTANTS0.81%J1.48%
    R0.77%ASSOCIATES1.48%
    CONSTRUCTION0.77%IT1.34%
    ENGINEERING0.75%TRANSPORT1.30%
    DESIGN0.73%DEVELOPMENTS1.29%
    D0.73%BUILDING1.24%
    MEDIA0.72%CAPITAL1.21%
    LOGISTICS0.67%M1.20%
    INVESTMENTS0.67%ELECTRICAL1.19%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied13,560280,210
    82990 - Other business support service activities not elsewhere classified2,65656,411
    99999 - Dormant Company1,92247,084
    70229 - Management consultancy activities other than financial management1,14237,882
    62020 - Information technology consultancy activities98327,750
    96090 - Other service activities not elsewhere classified92126,700
    56103 - Take-away food shops and mobile food stands9167,300
    49410 - Freight transport by road6128,014
    86900 - Other human health activities55110,273
    74909 - Other professional, scientific and technical activities not elsewhere classified53818,491
    56101 - Licensed restaurants4977,965
    47910 - Retail sale via mail order houses or via Internet4789,358
    74990 - Non-trading company45314,135
    62090 - Other information technology service activities45212,813
    68209 - Other letting and operating of own or leased real estate3599,284
    41100 - Development of building projects3419,855
    62012 - Business and domestic software development3049,509
    85590 - Other education not elsewhere classified2875,876
    86210 - General medical practice activities2853,987
    69201 - Accounting and auditing activities2837,313
    sic codenumber of companiesuk companies
    None Supplied12,404254,725
    82990 - Other business support service activities not elsewhere classified2,70657,654
    99999 - Dormant Company1,96748,100
    70229 - Management consultancy activities other than financial management1,18339,157
    62020 - Information technology consultancy activities99928,692
    96090 - Other service activities not elsewhere classified96127,652
    56103 - Take-away food shops and mobile food stands9557,657
    49410 - Freight transport by road6328,584
    86900 - Other human health activities58810,681
    74909 - Other professional, scientific and technical activities not elsewhere classified55719,018
    56101 - Licensed restaurants5188,352
    47910 - Retail sale via mail order houses or via Internet4939,673
    62090 - Other information technology service activities46013,149
    74990 - Non-trading company45014,336
    68209 - Other letting and operating of own or leased real estate3859,713
    41100 - Development of building projects35310,295
    62012 - Business and domestic software development3139,818
    43999 - Other specialised construction activities not elsewhere classified3058,495
    47990 - Other retail sale not in stores, stalls or markets3006,203
    85590 - Other education not elsewhere classified2986,057
    sic codenumber of companiesuk companies
    None Supplied12,394254,441
    82990 - Other business support service activities not elsewhere classified2,71957,543
    99999 - Dormant Company1,94247,692
    70229 - Management consultancy activities other than financial management1,18739,242
    62020 - Information technology consultancy activities99928,770
    96090 - Other service activities not elsewhere classified96127,543
    56103 - Take-away food shops and mobile food stands9577,668
    49410 - Freight transport by road6308,608
    86900 - Other human health activities59210,715
    74909 - Other professional, scientific and technical activities not elsewhere classified55718,956
    56101 - Licensed restaurants5168,390
    47910 - Retail sale via mail order houses or via Internet4949,695
    62090 - Other information technology service activities45813,145
    74990 - Non-trading company43714,142
    68209 - Other letting and operating of own or leased real estate3919,832
    41100 - Development of building projects35510,399
    62012 - Business and domestic software development3119,838
    43999 - Other specialised construction activities not elsewhere classified3038,503
    85590 - Other education not elsewhere classified3026,068
    47990 - Other retail sale not in stores, stalls or markets3006,198

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    08882343 WELLFIELD HOLDINGS LIMITED 07 Feb 2014
    08883909 JUICE4U LTD 10 Feb 2014
    08888425 LAKE ARDEN FOODS LIMITED 12 Feb 2014
    08893701 CIRCLE COMMERCIAL CONTRACTS LTD 13 Feb 2014
    08895735 I CARE OPTICAL LIMITED 14 Feb 2014
    08898073 AFRICA WORKS LTD 17 Feb 2014
    08901506 JN EKAM CARPENTRY LTD 19 Feb 2014
    08901601 ONYX BARS LTD 19 Feb 2014
    08912693 URBAN DIGITAL HUB LIMITED 26 Feb 2014
    08875987 HUNTLY LIMITED 04 Feb 2014
    08877729 B 77 LIMITED 05 Feb 2014
    08877775 E 77 LIMITED 05 Feb 2014
    08880053 ICON 77 LIMITED 06 Feb 2014
    08881939 Z 77 LIMITED 07 Feb 2014
    08881992 W 77 LIMITED 07 Feb 2014
    08882038 UNION 77 LIMITED 07 Feb 2014
    08882042 S 77 LIMITED 07 Feb 2014
    08882496 TOP 77 LIMITED 07 Feb 2014
    08890674 OPEN GAME (GB) LIMITED 12 Feb 2014
    08891402 B 912 LIMITED 12 Feb 2014
    08891453 D 912 LIMITED 12 Feb 2014
    08891467 J 912 LIMITED 12 Feb 2014
    08891651 OPEN AIR LIMITED 12 Feb 2014
    08891740 Y 912 LIMITED 12 Feb 2014
    08891810 Q 912 LIMITED 12 Feb 2014