West Midlands

Q3 2014 Business Confidence Report

Headlines

  • Q3 2014 saw a new record in company registrations in West Midlands when compared to any previous Q3.
  • Q3 2014 saw a new record in company registrations in West Midlands when compared to any previous Q3.
  • September 2014 saw a new record in company registrations in West Midlands when compared to any previous September.
  • July 2014 saw a new record in company registrations in West Midlands when compared to any previous July.
  • September 2014 saw a new record in company registrations in West Midlands when compared to any previous September.
  • July 2014 saw a new record in company registrations in West Midlands when compared to any previous July.

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 (Q3 Jul-Sep 2014)

    Q3 2014 saw a new record in company registrations in West Midlands when compared to any previous Q3.

    Q3 2014 saw a new record in company registrations in West Midlands when compared to any previous Q3.

    A total of 6,842 companies were registered in West Midlands during the third quarter of 2014 (Jul 2014 - Sep 2014).

    This figure is an increase of 14.8% versus the same period last year (Q3 2013). This figure compares equally to the UK as a whole, which saw an increase of 8.1% against the same period last year.

    third quarter (Jul 2014 - Sep 2014)West MidlandsUK
    20146,842143,414
    20135,962132,684
    % change14.8%8.1%
    Record Year 2014 (6,842) 2014 (143,414)
    New Companies by Quarter

    A total of 6,842 companies were registered in West Midlands during the third quarter of 2014 (Jul 2014 - Sep 2014).

    This figure is an increase of 14.8% versus the same period last year (Q3 2013). This figure compares equally to the UK as a whole, which saw an increase of 8.1% against the same period last year.

    third quarter (Jul 2014 - Sep 2014)West MidlandsUK
    20146,842143,414
    20135,962132,684
    % change14.8%8.1%
    Record Year 2014 (6,842) 2014 (143,414)
    New Companies by Quarter
  2. Monthly Data (Jul, Aug & Sep 2014)

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

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

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

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

    New Companies by Month
    New Companies by Month
    JulyAugustSeptember
    New companies in 20142,4752,0042,363
    New companies in 20132,1741,7572,031
    % change13.8%14.1%16.3%
    Record Year2014 (2,475)2006 (2,016)2014 (2,363)
    JulyAugustSeptember
    New companies in 20142,4752,0042,363
    New companies in 20132,1741,7572,031
    % change13.8%14.1%16.3%
    Record Year2014 (2,475)2006 (2,016)2014 (2,363)

Closed Companies (dissolved)

  1. Quarterly Data (Q3 Jul-Sep 2014)

    A total of 4,805 companies were dissolved in West Midlands during the third quarter of 2014 (Jul 2014 - Sep 2014).

    This figure is an increase of 10.7% versus the same period last year (Q3 2013). This figure compares well to the UK as a whole, which saw an increase of 18.0% against the same period last year.

    third quarter (Jul 2014 - Sep 2014)West MidlandsUK
    20144,805101,670
    20134,34086,170
    % change10.7%18.0%
    Record Year 2009 (6,806) 2009 (159,405)
    Dissolved Companies by Quarter

    A total of 4,805 companies were dissolved in West Midlands during the third quarter of 2014 (Jul 2014 - Sep 2014).

    This figure is an increase of 10.7% versus the same period last year (Q3 2013). This figure compares well to the UK as a whole, which saw an increase of 18.0% against the same period last year.

    third quarter (Jul 2014 - Sep 2014)West MidlandsUK
    20144,805101,670
    20134,34086,170
    % change10.7%18.0%
    Record Year 2009 (6,806) 2009 (159,405)
    Dissolved Companies by Quarter
  2. Monthly Data (Jul, Aug & Sep 2014)

    Dissolved Companies by Month
    Dissolved Companies by Month
    JulyAugustSeptember
    Closed companies in 20141,6591,3251,821
    Closed companies in 20131,4351,1031,802
    % change15.6%20.1%1%
    Record Year2009 (1,756)2008 (2,893)2009 (3,474)
    JulyAugustSeptember
    Closed companies in 20141,6591,3251,821
    Closed companies in 20131,4351,1031,802
    % change15.6%20.1%1%
    Record Year2009 (1,756)2008 (2,893)2009 (3,474)

Net Company Growth

  1. Quarterly Data (Q3 Jul-Sep 2014)

    Net company growth for West Midlands during the third quarter of 2014 (Jul 2014 - Sep 2014) was 2,037 companies.

    third quarter (Jul 2014 - Sep 2014)West MidlandsUK
    20142,03741,744
    20131,62246,514
    Record Year 2006 (3,776) 2013 (46,514)
    Net Growth by Quarter

    Net company growth for West Midlands during the third quarter of 2014 (Jul 2014 - Sep 2014) was 2,037 companies.

    third quarter (Jul 2014 - Sep 2014)West MidlandsUK
    20142,03741,744
    20131,62246,514
    Record Year 2006 (3,776) 2013 (46,514)
    Net Growth by Quarter
  2. Monthly Data (Jul, Aug & Sep 2014)

    Net Growth by Month
    Net Growth by Month
    JulyAugustSeptember
    Net growth in 2014816679542
    Net growth in 2013739654229
    Record Year2008 (1,364)2006 (1,081)2006 (1,408)
    JulyAugustSeptember
    Net growth in 2014816679542
    Net growth in 2013739654229
    Record Year2008 (1,364)2006 (1,081)2006 (1,408)

UK Company Share

  1. Quarterly Data (Q3 Jul-Sep 2014)

    In the third quarter of 2014, West Midlands formed 4.8% of all UK companies.

    third quarter (Jul 2014 - Sep 2014)West Midlands
    20144.8%
    20134.5%
    20124.4%
    20114.4%
    20104.4%
    Record Year (since 1960) 2006 (6.3%)
    Company Share by Quarter

    In the third quarter of 2014, West Midlands formed 4.8% of all UK companies.

    third quarter (Jul 2014 - Sep 2014)West Midlands
    20144.8%
    20134.5%
    20124.4%
    20114.4%
    20104.4%
    Record Year (since 1960) 2006 (6.3%)
    Company Share by Quarter
  2. Monthly Data (Jul, Aug & Sep 2014)

    Company Share by Month
    Company Share by Month
    JulyAugustSeptember
    UK formation share in 20144.9%4.6%4.8%
    UK formation share in 20134.7%4.2%4.5%
    % change3.4%8.7%6.7%
    Record Year2006 (6.5%)2006 (6.3%)2005 (6.3%)
    JulyAugustSeptember
    UK formation share in 20144.9%4.6%4.8%
    UK formation share in 20134.7%4.2%4.5%
    % change3.4%8.7%6.7%
    Record Year2006 (6.5%)2006 (6.3%)2005 (6.3%)

Director Age

  1. Quarterly Data (Q3 Jul-Sep 2014)

    The average age of a director in the third quarter of 2014 was 41.6.

    The percentage of directors under the age of 25 was 2.9% compared to the UK figure of 3.7%.

    The percentage of directors over the age of 65 was 5.8% compared to the UK figure of 4.5%.

    Director Age by Quarter

    The average age of a director in the third quarter of 2014 was 41.6.

    The percentage of directors under the age of 25 was 2.9% compared to the UK figure of 3.7%.

    The percentage of directors over the age of 65 was 5.8% compared to the UK figure of 4.5%.

    Director Age by Quarter

Director Gender

  1. Quarterly Data (Q3 Jul-Sep 2014)

    The record third quarter for female directors in West Midlands was in 2012 when 25.1% of all directors were female.

    23.9% of all director appointments in West Midlands in the third quarter of 2014 were female. This compares to a UK average of 26.3% for the same period.

    Director Gender by Quarter

    The record third quarter for female directors in West Midlands was in 2012 when 25.1% of all directors were female.

    23.9% of all director appointments in West Midlands in the third quarter of 2014 were female. This compares to a UK average of 26.3% for the same period.

    Director Gender by Quarter

Naming Trends

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

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

    wordpercentageuk worduk percentage
    MANAGEMENT2.50%CONSULTING5.17%
    CO.,2.20%MANAGEMENT4.63%
    CONSULTANCY1.76%CONSULTANCY3.55%
    CONSULTING1.75%PROPERTY2.62%
    CARE1.68%ENGINEERING2.07%
    TRADING1.37%CONSTRUCTION2.05%
    TRANSPORT1.29%TRADING2.00%
    J1.17%LONDON1.95%
    PROPERTY1.14%CARE1.94%
    S1.08%TRANSPORT1.76%
    CONSTRUCTION1.03%DESIGN1.70%
    M0.96%CONSULTANTS1.70%
    MIDLANDS0.86%PROPERTIES1.63%
    ENGINEERING0.85%BUSINESS1.62%
    BUSINESS0.84%J1.53%
    PROPERTIES0.83%ELECTRICAL1.53%
    ELECTRICAL0.81%GLOBAL1.51%
    GLOBAL0.79%INVESTMENTS1.50%
    CONSULTANTS0.78%ASSOCIATES1.48%
    DESIGN0.78%MEDIA1.38%
    R0.77%CO.,1.36%
    D0.77%DEVELOPMENTS1.35%
    BIRMINGHAM0.74%BUILDING1.30%
    HEALTHCARE0.74%IT1.30%
    INTERNATIONAL0.72%M1.23%
    wordpercentageuk worduk percentage
    MANAGEMENT2.49%CONSULTING5.18%
    CO.,2.21%MANAGEMENT4.63%
    CONSULTANCY1.76%CONSULTANCY3.54%
    CONSULTING1.75%PROPERTY2.63%
    CARE1.67%ENGINEERING2.08%
    TRADING1.37%CONSTRUCTION2.05%
    TRANSPORT1.30%TRADING2.01%
    J1.17%LONDON1.95%
    PROPERTY1.12%CARE1.94%
    S1.08%TRANSPORT1.76%
    CONSTRUCTION1.03%DESIGN1.70%
    M0.96%CONSULTANTS1.69%
    MIDLANDS0.88%PROPERTIES1.63%
    ENGINEERING0.86%BUSINESS1.63%
    PROPERTIES0.85%ELECTRICAL1.53%
    BUSINESS0.84%J1.53%
    ELECTRICAL0.81%GLOBAL1.52%
    GLOBAL0.79%INVESTMENTS1.50%
    CONSULTANTS0.79%ASSOCIATES1.48%
    DESIGN0.77%MEDIA1.38%
    D0.77%CO.,1.36%
    R0.76%DEVELOPMENTS1.35%
    BIRMINGHAM0.74%BUILDING1.30%
    HEALTHCARE0.73%IT1.30%
    INTERNATIONAL0.72%M1.23%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied13,599278,481
    82990 - Other business support service activities not elsewhere classified2,52157,264
    99999 - Dormant Company2,18948,286
    70229 - Management consultancy activities other than financial management1,22540,717
    96090 - Other service activities not elsewhere classified99528,224
    62020 - Information technology consultancy activities96129,313
    56103 - Take-away food shops and mobile food stands9447,917
    86900 - Other human health activities67211,807
    49410 - Freight transport by road6619,960
    74909 - Other professional, scientific and technical activities not elsewhere classified55118,890
    56101 - Licensed restaurants5018,546
    47910 - Retail sale via mail order houses or via Internet4889,914
    62090 - Other information technology service activities46212,795
    74990 - Non-trading company42514,006
    68209 - Other letting and operating of own or leased real estate41210,361
    41100 - Development of building projects35710,604
    86210 - General medical practice activities3074,406
    43999 - Other specialised construction activities not elsewhere classified3008,501
    62012 - Business and domestic software development2989,675
    47990 - Other retail sale not in stores, stalls or markets2956,327
    sic codenumber of companiesuk companies
    None Supplied12,904263,052
    82990 - Other business support service activities not elsewhere classified2,57058,078
    99999 - Dormant Company2,21748,811
    70229 - Management consultancy activities other than financial management1,24741,421
    96090 - Other service activities not elsewhere classified1,01428,864
    62020 - Information technology consultancy activities97629,780
    56103 - Take-away food shops and mobile food stands9688,165
    86900 - Other human health activities68612,105
    49410 - Freight transport by road67410,336
    74909 - Other professional, scientific and technical activities not elsewhere classified55919,117
    56101 - Licensed restaurants5108,789
    47910 - Retail sale via mail order houses or via Internet49810,125
    62090 - Other information technology service activities46612,999
    68209 - Other letting and operating of own or leased real estate42610,684
    74990 - Non-trading company42414,053
    41100 - Development of building projects36510,983
    86210 - General medical practice activities3154,502
    43999 - Other specialised construction activities not elsewhere classified3068,701
    47990 - Other retail sale not in stores, stalls or markets3056,458
    62012 - Business and domestic software development3029,848

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    09199390 PRATIRA IT SERVICES AND CONSULTING LTD 02 Sep 2014
    09202830 MERCES FINANCIAL LIMITED 04 Sep 2014
    09208539 CENTRICK PROPERTY SALES (BIRMINGHAM) LIMITED 08 Sep 2014
    09225653 VALUE DISTRIBUTION LIMITED 18 Sep 2014
    09230398 AS BEVERAGES LTD 23 Sep 2014
    09235760 WESTSTAR TRADING COMPANY LIMITED 25 Sep 2014
    09239653 BUYMOBILES LIMITED 29 Sep 2014
    09198089 H WOODLAND LIMITED 01 Sep 2014
    09198253 Q WOODLAND LIMITED 01 Sep 2014
    09200341 KENBROOK LIMITED 02 Sep 2014
    09202317 J 293 LIMITED 03 Sep 2014
    09205781 N 293 LIMITED 05 Sep 2014
    09205786 W 293 LIMITED 05 Sep 2014
    09205824 TUDBURY LIMITED 05 Sep 2014
    09205828 Y 293 LIMITED 05 Sep 2014
    09210348 B 298 LIMITED 09 Sep 2014
    09210374 D 298 LIMITED 09 Sep 2014
    09210545 F 298 LIMITED 09 Sep 2014
    09221378 CITYWIZE LTD 16 Sep 2014
    09221461 H SOUTH LAKE LIMITED 16 Sep 2014
    09229963 Q SOUTH LAKE LIMITED 22 Sep 2014
    09229989 R SOUTH LAKE LIMITED 23 Sep 2014
    09230719 V SOUTH LAKE LIMITED 23 Sep 2014
    09230899 Y SOUTH LAKE LIMITED 23 Sep 2014
    09231796 HUI'S GOLDEN LIMITED 23 Sep 2014