West Midlands

2014 Half Year Business Confidence Report

Headlines

  • The first half of 2014 saw a new record in company registrations in West Midlands when compared to any previous first half year.
  • The first half of 2014 was a record first half year for company registrations in West Midlands when compared to any half year in history.
  • The first half of 2014 saw a new record in company registrations in West Midlands when compared to any previous first half year.
  • The first half of 2014 was a record first half year for company registrations in West Midlands when compared to any half year in history.
  • Q2 2014 saw a new record in company registrations in West Midlands when compared to any previous Q2.
  • Q2 2014 saw a new record in company registrations in West Midlands when compared to any previous Q2.
  • June 2014 saw a new record in company registrations in West Midlands when compared to any previous June.
  • May 2014 saw a new record in company registrations in West Midlands when compared to any previous May.
  • June 2014 saw a new record in company registrations in West Midlands when compared to any previous June.
  • May 2014 saw a new record in company registrations in West Midlands when compared to any previous May.
  • The record first half year for female directors in West Midlands was 2014 when 25.8% of all directors were female.
  • The record first half year for female directors in West Midlands was 2014 when 25.8% of all directors were female.
  • The record second quarter for female directors in West Midlands was in 2014 when 25.6% of all directors were female.
  • The record second quarter for female directors in West Midlands was in 2014 when 25.6% 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. Half Year Data (Jan-Jun 2014)

    The first half of 2014 saw a new record in company registrations in West Midlands when compared to any previous first half year.

    The first half of 2014 was a record first half year for company registrations in West Midlands when compared to any half year in history.

    The first half of 2014 saw a new record in company registrations in West Midlands when compared to any previous first half year.

    The first half of 2014 was a record first half year for company registrations in West Midlands when compared to any half year in history.

    In the first half of 2014 a total of 13,563 companies were formed in West Midlands. This figure is 18.0% higher than last year, which compares well to the UK wide figure of 11.6%.

    The highest total for a first half year in West Midlands occurred in 2014 when a total of 13,563 were formed.

    Half Year (Jan-Jun)West MidlandsUK
    201413,563300,731
    201311,497269,432
    % change18.0%11.6%
    Record Year2014 (13,563)2014 (300,731)

    In the first half of 2014 a total of 13,563 companies were formed in West Midlands. This figure is 18.0% higher than last year, which compares well to the UK wide figure of 11.6%.

    The highest total for a first half year in West Midlands occurred in 2014 when a total of 13,563 were formed.

    Half Year (Jan-Jun)West MidlandsUK
    201413,563300,731
    201311,497269,432
    % change18.0%11.6%
    Record Year2014 (13,563)2014 (300,731)
    New Companies by Half Year
    New Companies by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    Q2 2014 saw a new record in company registrations in West Midlands when compared to any previous Q2.

    Q2 2014 saw a new record in company registrations in West Midlands when compared to any previous Q2.

    A total of 6,803 companies were registered in West Midlands during the second quarter of 2014 (Apr 2014 - Jun 2014).

    This figure is an increase of 18.7% versus the same period last year (Q2 2013). This figure compares well to the UK as a whole, which saw an increase of 11.4% against the same period last year.

    second quarter (Apr 2014 - Jun 2014)West MidlandsUK
    20146,803150,009
    20135,730134,630
    % change18.7%11.4%
    Record Year 2014 (6,803) 2014 (150,009)
    New Companies by Quarter

    A total of 6,803 companies were registered in West Midlands during the second quarter of 2014 (Apr 2014 - Jun 2014).

    This figure is an increase of 18.7% versus the same period last year (Q2 2013). This figure compares well to the UK as a whole, which saw an increase of 11.4% against the same period last year.

    second quarter (Apr 2014 - Jun 2014)West MidlandsUK
    20146,803150,009
    20135,730134,630
    % change18.7%11.4%
    Record Year 2014 (6,803) 2014 (150,009)
    New Companies by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

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

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

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

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

    New Companies by Month
    New Companies by Month
    AprilMayJune
    New companies in 20142,3462,2672,190
    New companies in 20132,0331,9811,716
    % change15.4%14.4%27.6%
    Record Year2007 (2,349)2014 (2,267)2014 (2,190)
    AprilMayJune
    New companies in 20142,3462,2672,190
    New companies in 20132,0331,9811,716
    % change15.4%14.4%27.6%
    Record Year2007 (2,349)2014 (2,267)2014 (2,190)

Closed Companies (dissolved)

  1. Half Year Data (Jan-Jun 2014)

    In the first half of 2014 a total of 8,468 companies were dissolved in West Midlands. This figure is 5.8% higher than last year, which compares well to the UK wide change of 14.2%.

    The highest total for a first half year in West Midlands occurred in 2009 when a total of 16,613 were closed.

    Half Year (Jan-Jun)West MidlandsUK
    20148,468177,207
    20138,004155,192
    % change5.8%14.2%
    Record Year2009 (16,613)2009 (289,245)

    In the first half of 2014 a total of 8,468 companies were dissolved in West Midlands. This figure is 5.8% higher than last year, which compares well to the UK wide change of 14.2%.

    The highest total for a first half year in West Midlands occurred in 2009 when a total of 16,613 were closed.

    Half Year (Jan-Jun)West MidlandsUK
    20148,468177,207
    20138,004155,192
    % change5.8%14.2%
    Record Year2009 (16,613)2009 (289,245)
    Dissolved Companies by Half Year
    Dissolved Companies by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    A total of 4,642 companies were dissolved in West Midlands during the second quarter of 2014 (Apr 2014 - Jun 2014).

    This figure is an increase of 13.7% versus the same period last year (Q2 2013). This figure compares well to the UK as a whole, which saw an increase of 22.7% against the same period last year.

    second quarter (Apr 2014 - Jun 2014)West MidlandsUK
    20144,64294,837
    20134,08177,278
    % change13.7%22.7%
    Record Year 2009 (10,863) 2009 (181,179)
    Dissolved Companies by Quarter

    A total of 4,642 companies were dissolved in West Midlands during the second quarter of 2014 (Apr 2014 - Jun 2014).

    This figure is an increase of 13.7% versus the same period last year (Q2 2013). This figure compares well to the UK as a whole, which saw an increase of 22.7% against the same period last year.

    second quarter (Apr 2014 - Jun 2014)West MidlandsUK
    20144,64294,837
    20134,08177,278
    % change13.7%22.7%
    Record Year 2009 (10,863) 2009 (181,179)
    Dissolved Companies by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    Dissolved Companies by Month
    Dissolved Companies by Month
    AprilMayJune
    Closed companies in 20141,0392,1921,411
    Closed companies in 20131,5181,1801,383
    % change-31.6%85.8%2%
    Record Year2009 (2,413)2009 (4,753)2009 (3,697)
    AprilMayJune
    Closed companies in 20141,0392,1921,411
    Closed companies in 20131,5181,1801,383
    % change-31.6%85.8%2%
    Record Year2009 (2,413)2009 (4,753)2009 (3,697)

Net Company Growth

  1. Half Year Data (Jan-Jun 2014)

    In the first half of 2014 the company register for West Midlands increased by 5,095 companies.

    Half Year (Jan-Jun)West MidlandsUK
    20145,095123,524
    20133,493114,240
    Record Year2006 (9,383)2007 (171,296)

    In the first half of 2014 the company register for West Midlands increased by 5,095 companies.

    Half Year (Jan-Jun)West MidlandsUK
    20145,095123,524
    20133,493114,240
    Record Year2006 (9,383)2007 (171,296)
    Net Growth by Half Year
    Net Growth by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    Net company growth for West Midlands during the second quarter of 2014 (Apr 2014 - Jun 2014) was 2,161 companies.

    second quarter (Apr 2014 - Jun 2014)West MidlandsUK
    20142,16155,172
    20131,64957,352
    Record Year 2006 (4,363) 2007 (60,014)
    Net Growth by Quarter

    Net company growth for West Midlands during the second quarter of 2014 (Apr 2014 - Jun 2014) was 2,161 companies.

    second quarter (Apr 2014 - Jun 2014)West MidlandsUK
    20142,16155,172
    20131,64957,352
    Record Year 2006 (4,363) 2007 (60,014)
    Net Growth by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    Net Growth by Month
    Net Growth by Month
    AprilMayJune
    Net growth in 20141,30775779
    Net growth in 2013515801333
    Record Year2007 (1,771)2006 (1,715)2008 (1,348)
    AprilMayJune
    Net growth in 20141,30775779
    Net growth in 2013515801333
    Record Year2007 (1,771)2006 (1,715)2008 (1,348)

UK Company Share

  1. Half Year Data (Jan-Jun 2014)

    In the first half of 2014 West Midlands formed 4.5% of all UK companies. This is more than the 2013 figure of 4.3%.

    Half Year (Jan-Jun)West Midlands
    20144.5%
    20134.3%
    20124.3%
    20114.4%
    20104.5%
    Record Year (since 1960) 2006 (6.2%)
    Company Share by Half Year

    In the first half of 2014 West Midlands formed 4.5% of all UK companies. This is more than the 2013 figure of 4.3%.

    Half Year (Jan-Jun)West Midlands
    20144.5%
    20134.3%
    20124.3%
    20114.4%
    20104.5%
    Record Year (since 1960) 2006 (6.2%)
    Company Share by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

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

    second quarter (Apr 2014 - Jun 2014)West Midlands
    20144.5%
    20134.3%
    20124.4%
    20114.4%
    20104.5%
    Record Year (since 1960) 2005 (6.1%)
    Company Share by Quarter

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

    second quarter (Apr 2014 - Jun 2014)West Midlands
    20144.5%
    20134.3%
    20124.4%
    20114.4%
    20104.5%
    Record Year (since 1960) 2005 (6.1%)
    Company Share by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    Company Share by Month
    Company Share by Month
    AprilMayJune
    UK formation share in 20144.3%4.7%4.6%
    UK formation share in 20134.2%4.4%4.2%
    % change4.1%5.6%10.6%
    Record Year2005 (6.0%)2006 (6.5%)2006 (6.5%)
    AprilMayJune
    UK formation share in 20144.3%4.7%4.6%
    UK formation share in 20134.2%4.4%4.2%
    % change4.1%5.6%10.6%
    Record Year2005 (6.0%)2006 (6.5%)2006 (6.5%)

Director Age

  1. Half Year Data (Jan-Jun 2014)

    The average age of a director in the first half of 2014 was 42.8.

    The percentage of directors under the age of 25 was 3.4% compared to the UK figure of 4.3%.

    The percentage of directors over the age of 65 was 4.3% compared to the UK figure of 3.5%.

    Director Age by Half Year

    The average age of a director in the first half of 2014 was 42.8.

    The percentage of directors under the age of 25 was 3.4% compared to the UK figure of 4.3%.

    The percentage of directors over the age of 65 was 4.3% compared to the UK figure of 3.5%.

    Director Age by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

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

    The percentage of directors under the age of 25 was 3.1% compared to the UK figure of 3.9%.

    The percentage of directors over the age of 65 was 4.5% compared to the UK figure of 3.6%.

    Director Age by Quarter

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

    The percentage of directors under the age of 25 was 3.1% compared to the UK figure of 3.9%.

    The percentage of directors over the age of 65 was 4.5% compared to the UK figure of 3.6%.

    Director Age by Quarter

Director Gender

  1. Half Year Data (Jan-Jun 2014)

    The record first half year for female directors in West Midlands was 2014 when 25.8% of all directors were female.

    25.8% of all director appointments in West Midlands in the first half of 2014 were female. This compares to a UK average of 26.1% for the same period.

    Director Gender by Half Year

    The record first half year for female directors in West Midlands was 2014 when 25.8% of all directors were female.

    25.8% of all director appointments in West Midlands in the first half of 2014 were female. This compares to a UK average of 26.1% for the same period.

    Director Gender by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    The record second quarter for female directors in West Midlands was in 2014 when 25.6% of all directors were female.

    25.6% of all director appointments in West Midlands in the second quarter of 2014 were female. This compares to a UK average of 25.9% for the same period.

    Director Gender by Quarter

    The record second quarter for female directors in West Midlands was in 2014 when 25.6% of all directors were female.

    25.6% of all director appointments in West Midlands in the second quarter of 2014 were female. This compares to a UK average of 25.9% for the same period.

    Director Gender by Quarter

Naming Trends

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

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

    wordpercentageuk worduk percentage
    MANAGEMENT2.47%CONSULTING5.16%
    CO.,1.84%MANAGEMENT4.64%
    CONSULTING1.76%CONSULTANCY3.50%
    CONSULTANCY1.70%PROPERTY2.66%
    CARE1.55%TRADING2.03%
    TRADING1.28%ENGINEERING1.99%
    PROPERTY1.21%CONSTRUCTION1.93%
    TRANSPORT1.13%LONDON1.93%
    S1.13%CARE1.85%
    J1.05%DESIGN1.75%
    M0.98%CONSULTANTS1.73%
    CONSTRUCTION0.91%BUSINESS1.69%
    BUSINESS0.88%PROPERTIES1.63%
    PROPERTIES0.87%TRANSPORT1.58%
    MIDLANDS0.83%GLOBAL1.55%
    ENGINEERING0.82%INVESTMENTS1.55%
    CONSULTANTS0.81%J1.51%
    GLOBAL0.81%ASSOCIATES1.48%
    BIRMINGHAM0.77%MEDIA1.44%
    R0.76%ELECTRICAL1.40%
    DESIGN0.75%IT1.33%
    D0.74%DEVELOPMENTS1.33%
    ELECTRICAL0.72%BUILDING1.26%
    MEDIA0.68%M1.24%
    HEALTHCARE0.68%CO.,1.20%
    wordpercentageuk worduk percentage
    MANAGEMENT2.47%CONSULTING5.16%
    CO.,1.85%MANAGEMENT4.64%
    CONSULTING1.77%CONSULTANCY3.49%
    CONSULTANCY1.69%PROPERTY2.66%
    CARE1.55%TRADING2.03%
    TRADING1.28%ENGINEERING1.99%
    PROPERTY1.20%LONDON1.93%
    S1.13%CONSTRUCTION1.93%
    TRANSPORT1.13%CARE1.85%
    J1.05%DESIGN1.75%
    M0.99%CONSULTANTS1.73%
    CONSTRUCTION0.91%BUSINESS1.69%
    BUSINESS0.88%PROPERTIES1.63%
    PROPERTIES0.88%TRANSPORT1.58%
    MIDLANDS0.83%GLOBAL1.55%
    ENGINEERING0.82%INVESTMENTS1.55%
    GLOBAL0.82%J1.50%
    CONSULTANTS0.81%ASSOCIATES1.48%
    BIRMINGHAM0.78%MEDIA1.44%
    R0.76%ELECTRICAL1.40%
    D0.75%IT1.33%
    DESIGN0.74%DEVELOPMENTS1.33%
    ELECTRICAL0.72%BUILDING1.26%
    MEDIA0.69%M1.23%
    TRAINING0.67%CO.,1.20%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied12,725261,557
    82990 - Other business support service activities not elsewhere classified2,56157,421
    99999 - Dormant Company2,08148,436
    70229 - Management consultancy activities other than financial management1,21740,250
    96090 - Other service activities not elsewhere classified99028,352
    62020 - Information technology consultancy activities98429,029
    56103 - Take-away food shops and mobile food stands9487,840
    49410 - Freight transport by road6669,265
    86900 - Other human health activities64211,292
    74909 - Other professional, scientific and technical activities not elsewhere classified54819,058
    56101 - Licensed restaurants5308,585
    47910 - Retail sale via mail order houses or via Internet4949,900
    62090 - Other information technology service activities45013,024
    74990 - Non-trading company43714,351
    68209 - Other letting and operating of own or leased real estate39610,133
    41100 - Development of building projects35110,527
    62012 - Business and domestic software development3129,834
    43999 - Other specialised construction activities not elsewhere classified3038,533
    47990 - Other retail sale not in stores, stalls or markets2956,286
    85590 - Other education not elsewhere classified2916,043
    sic codenumber of companiesuk companies
    None Supplied12,650259,495
    82990 - Other business support service activities not elsewhere classified2,57957,459
    99999 - Dormant Company2,06848,126
    70229 - Management consultancy activities other than financial management1,22340,375
    96090 - Other service activities not elsewhere classified99328,340
    62020 - Information technology consultancy activities98329,145
    56103 - Take-away food shops and mobile food stands9537,892
    49410 - Freight transport by road6659,318
    86900 - Other human health activities64911,353
    74909 - Other professional, scientific and technical activities not elsewhere classified54819,026
    56101 - Licensed restaurants5298,651
    47910 - Retail sale via mail order houses or via Internet4969,940
    62090 - Other information technology service activities44913,042
    74990 - Non-trading company42414,184
    68209 - Other letting and operating of own or leased real estate40310,262
    41100 - Development of building projects35310,664
    62012 - Business and domestic software development3119,875
    43999 - Other specialised construction activities not elsewhere classified3028,555
    85590 - Other education not elsewhere classified2976,062
    47990 - Other retail sale not in stores, stalls or markets2946,296

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    09020251 COMPLETE LIFTING LIMITED 01 May 2014
    09022411 YARROW EAST LIMITED 02 May 2014
    09030291 SC (CROWLAS) LIMITED 08 May 2014
    09032822 V.SAMPER LTD 09 May 2014
    09048303 JEANETTA COUTURE LTD 20 May 2014
    09026161 HUSH DESIGN & DEVELOPMENT LTD 06 May 2014
    09026568 W GOOD HOPE LIMITED 07 May 2014
    09038031 A DREAM TEAM LIMITED 13 May 2014
    09039156 E DREAM TEAM LIMITED 14 May 2014
    09040109 G DREAM TEAM LIMITED 14 May 2014
    09042526 K DREAM TEAM LIMITED 15 May 2014
    09043606 NOLTON LIMITED 16 May 2014
    09044174 U DREAM TEAM LIMITED 16 May 2014
    09044200 T DREAM TEAM LIMITED 16 May 2014
    09044251 R DREAM TEAM LIMITED 16 May 2014
    09049849 SKYWORTH LIMITED 21 May 2014
    09050590 E TOP CLASS LIMITED 21 May 2014
    09050664 C TOP CLASS LIMITED 21 May 2014
    09050736 H TOP CLASS LIMITED 21 May 2014
    09050775 M TOP CLASS LIMITED 21 May 2014
    09050798 V TOP CLASS LIMITED 21 May 2014
    09050846 T TOP CLASS LIMITED 21 May 2014
    09054412 PREMIER CITY STAY LIMITED 23 May 2014
    09056459 ABBEYWELL LIMITED 27 May 2014
    09058022 F (8866) LIMITED 27 May 2014