West Midlands
2014 Annual Business Confidence Report
Headlines
- 2014 was a record year for company registrations in West Midlands when compared to any year in history.
- The second half of 2014 saw a new record in company registrations in West Midlands when compared to any previous second half year.
- Q4 2014 saw a new record in company registrations in West Midlands when compared to any previous Q4.
- December 2014 saw a new record in company registrations in West Midlands when compared to any previous December.
- October 2014 saw a new record in company registrations in West Midlands when compared to any previous October.
- December 2014 saw a new record in company closures in West Midlands when compared to any previous December.
Contents
New Company Registrations
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Annual Data (2014)
2014 was a record year for company registrations in West Midlands when compared to any year in history.
A total of 26,814 companies were formed in West Midlands in 2014. This total is 15.2% higher than in 2013 and compares favourably to the UK figure of a 10.0% growth compared to 529,363 the previous year.
Year West Midlands UK 2014 26,814 582,051 2013 23,271 529,363 2012 21,378 491,893 2011 19,761 452,870 2010 17,946 400,358 Record Year 2014 (26,814) 2014 (582,051) New Companies by Year
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Half Year Data (Jul-Dec 2014)
The second half of 2014 saw a new record in company registrations in West Midlands when compared to any previous second half year.
In the second half of 2014 a total of 13,251 companies were formed in West Midlands. This figure is 12.5% higher than last year, which compares well to the UK wide figure of 8.2%.
The highest total for a second half year in West Midlands occurred in 2014 when a total of 13,251 were formed.
Half Year (Jul-Dec) West Midlands UK 2014 13,251 281,320 2013 11,774 259,931 % change 12.5% 8.2% Record Year 2014 (13,251) 2014 (281,320) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
Q4 2014 saw a new record in company registrations in West Midlands when compared to any previous Q4.
A total of 6,409 companies were registered in West Midlands during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is an increase of 10.3% versus the same period last year (Q4 2013). This figure compares equally to the UK as a whole, which saw an increase of 8.4% against the same period last year.
fourth quarter (Oct 2014 - Dec 2014) West Midlands UK 2014 6,409 137,906 2013 5,812 127,247 % change 10.3% 8.4% Record Year 2014 (6,409) 2014 (137,906) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
December 2014 saw a new record in company registrations in West Midlands when compared to any previous December.
October 2014 saw a new record in company registrations in West Midlands when compared to any previous October.
New Companies by Month
October November December New companies in 2014 2,302 2,172 1,935 New companies in 2013 2,301 1,939 1,572 % change 0.0% 12.0% 23.1% Record Year 2014 (2,302) 2006 (2,289) 2014 (1,935)
Closed Companies (dissolved)
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Annual Data (2014)
A total of 17,641 companies were dissolved in West Midlands in 2014. This total is 5.9% higher than in 2013 and compares unfavourably to the UK figure of 10.8% growth compared to the previous year.
Year West Midlands UK 2014 17,641 367,937 2013 16,656 332,213 2012 14,987 293,729 2011 17,390 314,524 2010 22,075 342,233 Record Year 2009 (28,672) 2009 (533,789) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 a total of 9,173 companies were dissolved in West Midlands. This figure is 6.0% higher than last year, which compares well to the UK wide change of 7.7%.
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 Midlands UK 2014 9,173 190,730 2013 8,652 177,021 % change 6.0% 7.7% Record Year 2009 (12,059) 2009 (244,544) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
A total of 4,368 companies were dissolved in West Midlands during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is an increase of 1.3% versus the same period last year (Q4 2013). This figure compares poorly to the UK as a whole, which saw a decrease of 2.0% against the same period last year.
fourth quarter (Oct 2014 - Dec 2014) West Midlands UK 2014 4,368 89,060 2013 4,312 90,851 % change 1.3% -2.0% Record Year 2009 (5,253) 2013 (90,851) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
December 2014 saw a new record in company closures in West Midlands when compared to any previous December.
Dissolved Companies by Month
October November December Closed companies in 2014 1,228 1,408 1,732 Closed companies in 2013 1,666 1,329 1,317 % change -26.3% 5.9% 32% Record Year 2009 (2,065) 2010 (2,274) 2014 (1,732)
Net Company Growth
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Annual Data (2014)
A total of 9,173 companies were added to the company register for West Midlands in 2014. This number represents growth of 34.2% in the total number of active companies, which compares unfavourably to the UK figure of 36.8%.
This number is 2,558 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.
Year West Midlands UK 2014 9,173 214,114 2013 6,615 197,150 2012 6,391 198,164 2011 2,371 138,346 2010 -4,129 58,125 Record Year 2006 (16,822) 2007 (237,353) Net Growth by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 the company register for West Midlands increased by 4,078 companies.
Half Year (Jul-Dec) West Midlands UK 2014 4,078 90,590 2013 3,122 82,910 Record Year 2006 (7,439) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
Net company growth for West Midlands during the fourth quarter of 2014 (Oct 2014 - Dec 2014) was 2,041 companies.
fourth quarter (Oct 2014 - Dec 2014) West Midlands UK 2014 2,041 48,846 2013 1,500 36,396 Record Year 2006 (3,663) 2012 (49,848) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Net Growth by Month
October November December Net growth in 2014 1,074 764 203 Net growth in 2013 635 610 255 Record Year 2006 (1,171) 2006 (1,364) 2006 (1,128)
UK Company Share
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Annual Data (2014)
In 2014 West Midlands formed 4.6% of all UK companies. This is an improvement on 2013 when West Midlands was responsible for 4.4% of all UK companies.
Year West Midlands 2014 4.6% 2013 4.4% 2012 4.3% 2011 4.4% 2010 4.5% Record Year (since 1960) 2006 (6.3%) Company Share by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 West Midlands formed 4.7% of all UK companies. This is more than the 2013 figure of 4.5%.
Half Year (Jul-Dec) West Midlands 2014 4.7% 2013 4.5% 2012 4.4% 2011 4.4% 2010 4.5% Record Year (since 1960) 2006 (6.4%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
In the fourth quarter of 2014, West Midlands formed 4.6% of all UK companies.
fourth quarter (Oct 2014 - Dec 2014) West Midlands 2014 4.6% 2013 4.6% 2012 4.3% 2011 4.3% 2010 4.5% Record Year (since 1960) 2006 (6.4%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Company Share by Month
October November December UK formation share in 2014 4.4% 4.8% 4.8% UK formation share in 2013 4.6% 4.5% 4.5% % change -4.8% 6.4% 5.3% Record Year 2006 (5.9%) 2006 (6.8%) 2005 (6.8%)
Director Age
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Annual Data (2014)
The average age of a director in 2014 was 42.3.
The percentage of directors under the age of 25 was 3.2% compared to the UK figure of 4.0%.
The percentage of directors over the age of 65 was 5.1% compared to the UK figure of 4.0%.
Director Age by Year
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Half Year Data (Jul-Dec 2014)
The average age of a director in the second half of 2014 was 41.7.
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 Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
The average age of a director in the fourth quarter of 2014 was 41.9.
The percentage of directors under the age of 25 was 3.0% compared to the UK figure of 3.8%.
The percentage of directors over the age of 65 was 5.9% compared to the UK figure of 4.5%.
Director Age by Quarter
Director Gender
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Annual Data (2014)
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 2014 was 24.7%. The average for the UK during this time was 26.1%
Director Gender by Year
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Half Year Data (Jul-Dec 2014)
The record second half year for female directors in West Midlands was 2012 when 24.6% of all directors were female.
23.6% of all director appointments in West Midlands in the second half of 2014 were female. This compares to a UK average of 26.1% for the same period.
Director Gender by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
The record fourth quarter for female directors in West Midlands was in 2013 when 24.8% of all directors were female.
23.3% of all director appointments in West Midlands in the fourth quarter of 2014 were female. This compares to a UK average of 25.8% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Dec 2013-Dec 2014)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage CO., 3.00% CONSULTING 5.22% MANAGEMENT 2.36% MANAGEMENT 4.58% CONSULTING 1.71% CONSULTANCY 3.57% CARE 1.70% PROPERTY 2.66% CONSULTANCY 1.66% CONSTRUCTION 2.12% TRANSPORT 1.45% ENGINEERING 2.10% TRADING 1.36% CARE 2.02% PROPERTY 1.25% TRADING 1.94% J 1.14% LONDON 1.93% CONSTRUCTION 1.06% TRANSPORT 1.93% M 1.01% DESIGN 1.66% S 0.99% CONSULTANTS 1.64% ELECTRICAL 0.92% ELECTRICAL 1.62% MIDLANDS 0.86% PROPERTIES 1.62% ENGINEERING 0.84% BUSINESS 1.56% INTERNATIONAL 0.83% J 1.54% PROPERTIES 0.82% CO., 1.50% BUSINESS 0.82% GLOBAL 1.49% D 0.77% INVESTMENTS 1.48% R 0.76% ASSOCIATES 1.47% GROUP 0.75% DEVELOPMENTS 1.35% GLOBAL 0.74% MEDIA 1.33% CONSULTANTS 0.71% IT 1.31% MEDICAL 0.70% BUILDING 1.29% DESIGN 0.70% M 1.22%
SIC Data
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Previous 36 months, excluding companies less than 12 months old
sic code number of companies uk companies None Supplied 13,125 265,608 82990 - Other business support service activities not elsewhere classified 2,552 58,068 99999 - Dormant Company 2,296 48,509 70229 - Management consultancy activities other than financial management 1,266 42,290 96090 - Other service activities not elsewhere classified 1,051 29,009 62020 - Information technology consultancy activities 1,018 30,178 56103 - Take-away food shops and mobile food stands 990 8,318 86900 - Other human health activities 737 12,976 49410 - Freight transport by road 732 10,842 74909 - Other professional, scientific and technical activities not elsewhere classified 561 19,049 56101 - Licensed restaurants 513 8,782 47910 - Retail sale via mail order houses or via Internet 502 10,107 62090 - Other information technology service activities 476 12,837 68209 - Other letting and operating of own or leased real estate 460 11,212 74990 - Non-trading company 434 13,984 41100 - Development of building projects 381 11,397 86210 - General medical practice activities 319 4,591 47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating 317 4,167 47990 - Other retail sale not in stores, stalls or markets 313 6,452 43999 - Other specialised construction activities not elsewhere classified 302 8,761
Recent Companies
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Randomly selected companies from this quarter
COMPANY NUMBER COMPANY NAME INCORPORATION DATE 09342649 MIDLANDS COMMUNICATIONS AGENCY LTD 05 Dec 2014 09346472 IKON ANDERTON LIMITED 09 Dec 2014 09346575 IKON (HOLDINGS) LIMITED 09 Dec 2014 09349556 ROMAN COLLECTIONS LIMITED 10 Dec 2014 09350174 WASH UR WHEELIE LTD 11 Dec 2014 OC397161 SYNERGIDESIGN MIDLANDS LLP 17 Dec 2014 09363548 ADB DEVELOPMENTS STRETFORD LIMITED 22 Dec 2014 09370252 BENE 4 TE LTD 30 Dec 2014 09370821 DFG ACCOUNTING LTD 31 Dec 2014 09335623 BAMBOO GROVE HEALTH LTD 01 Dec 2014 09339366 J CLASSIC LIMITED 03 Dec 2014 09339379 H CLASSIC LIMITED 03 Dec 2014 09339687 HASTINGDEN LIMITED 03 Dec 2014 09342356 U CLASSIC LIMITED 05 Dec 2014 09342383 C 688 LIMITED 05 Dec 2014 09342394 Y CLASSIC LIMITED 05 Dec 2014 09342443 E 688 LIMITED 05 Dec 2014 09342466 B 688 LIMITED 05 Dec 2014 09345818 H 688 LIMITED 08 Dec 2014 09345878 J 688 LIMITED 08 Dec 2014 09345943 G 688 LIMITED 08 Dec 2014 09346066 L 688 LIMITED 08 Dec 2014 09353455 BROADSFIELD LIMITED 12 Dec 2014 09359257 LEADON COURT STORAGE LIMITED 17 Dec 2014 09363821 G. LIONS COMPANY LIMITED 22 Dec 2014
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