West Midlands
Q1 2015 Business Confidence Report
Headlines
- Q1 2015 saw a new record in company registrations in West Midlands when compared to any previous Q1.
- Q1 2015 was a record quarter for company registrations in West Midlands when compared to any quarter in history.
- March 2015 saw a new record in company registrations in West Midlands when compared to any previous March.
- March 2015 was a record month for company registrations in West Midlands when compared to any month in history.
- February 2015 saw a new record in company registrations in West Midlands when compared to any previous February.
- January 2015 saw a new record in company registrations in West Midlands when compared to any previous January.
- February 2015 saw a new record in company closures in West Midlands when compared to any previous February.
Contents
New Company Registrations
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Quarterly Data (Q1 Jan-Mar 2015)
Q1 2015 saw a new record in company registrations in West Midlands when compared to any previous Q1.
Q1 2015 was a record quarter for company registrations in West Midlands when compared to any quarter in history.
A total of 7,595 companies were registered in West Midlands during the first quarter of 2015 (Jan 2015 - Mar 2015).
This figure is an increase of 12.4% versus the same period last year (Q1 2014). This figure compares equally to the UK as a whole, which saw an increase of 6.9% against the same period last year.
first quarter (Jan 2015 - Mar 2015) West Midlands UK 2015 7,595 161,156 2014 6,760 150,722 % change 12.4% 6.9% Record Year 2015 (7,595) 2007 (166,814) New Companies by Quarter
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Monthly Data (Jan, Feb & Mar 2015)
March 2015 saw a new record in company registrations in West Midlands when compared to any previous March.
March 2015 was a record month for company registrations in West Midlands when compared to any month in history.
February 2015 saw a new record in company registrations in West Midlands when compared to any previous February.
January 2015 saw a new record in company registrations in West Midlands when compared to any previous January.
New Companies by Month
January February March New companies in 2015 2,278 2,427 2,890 New companies in 2014 2,204 2,114 2,442 % change 3.4% 14.8% 18.3% Record Year 2015 (2,278) 2015 (2,427) 2015 (2,890)
Closed Companies (dissolved)
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Quarterly Data (Q1 Jan-Mar 2015)
A total of 4,393 companies were dissolved in West Midlands during the first quarter of 2015 (Jan 2015 - Mar 2015).
This figure is an increase of 14.8% versus the same period last year (Q1 2014). This figure compares poorly to the UK as a whole, which saw an increase of 8.7% against the same period last year.
first quarter (Jan 2015 - Mar 2015) West Midlands UK 2015 4,393 89,523 2014 3,826 82,370 % change 14.8% 8.7% Record Year 2009 (5,750) 2009 (108,066) Dissolved Companies by Quarter
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Monthly Data (Jan, Feb & Mar 2015)
February 2015 saw a new record in company closures in West Midlands when compared to any previous February.
Dissolved Companies by Month
January February March Closed companies in 2015 1,065 1,627 1,701 Closed companies in 2014 1,254 1,335 1,237 % change -15.1% 21.9% 38% Record Year 2011 (2,209) 2015 (1,627) 2009 (3,565)
Net Company Growth
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Quarterly Data (Q1 Jan-Mar 2015)
Net company growth for West Midlands during the first quarter of 2015 (Jan 2015 - Mar 2015) was 3,202 companies.
first quarter (Jan 2015 - Mar 2015) West Midlands UK 2015 3,202 71,633 2014 2,934 68,352 Record Year 2006 (5,020) 2007 (111,282) Net Growth by Quarter
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Monthly Data (Jan, Feb & Mar 2015)
Net Growth by Month
January February March Net growth in 2015 1,213 800 1,189 Net growth in 2014 950 779 1,205 Record Year 2006 (1,375) 2006 (1,545) 2006 (2,100)
UK Company Share
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Quarterly Data (Q1 Jan-Mar 2015)
In the first quarter of 2015, West Midlands formed 4.7% of all UK companies.
first quarter (Jan 2015 - Mar 2015) West Midlands 2015 4.7% 2014 4.5% 2013 4.3% 2012 4.3% 2011 4.3% Record Year (since 1960) 2006 (6.3%) Company Share by Quarter
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Monthly Data (Jan, Feb & Mar 2015)
Company Share by Month
January February March UK formation share in 2015 4.8% 4.6% 4.7% UK formation share in 2014 4.7% 4.4% 4.4% % change 1.4% 5.8% 7.9% Record Year 2006 (6.6%) 2006 (6.2%) 2006 (6.2%)
Director Age
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Quarterly Data (Q1 Jan-Mar 2015)
The average age of a director in the first quarter of 2015 was 42.6.
The percentage of directors under the age of 25 was 3.1% compared to the UK figure of 4.1%.
The percentage of directors over the age of 65 was 4.3% compared to the UK figure of 3.6%.
Director Age by Quarter
Director Gender
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Quarterly Data (Q1 Jan-Mar 2015)
The record first quarter for female directors in West Midlands was in 2014 when 25.9% of all directors were female.
23.8% of all director appointments in West Midlands in the first quarter of 2015 were female. This compares to a UK average of 26.4% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Mar 2014-Mar 2015)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage CO., 3.40% CONSULTING 5.23% MANAGEMENT 2.25% MANAGEMENT 4.56% CARE 1.74% CONSULTANCY 3.62% CONSULTING 1.71% PROPERTY 2.72% CONSULTANCY 1.66% CONSTRUCTION 2.19% TRANSPORT 1.50% CARE 2.13% TRADING 1.33% ENGINEERING 2.12% PROPERTY 1.30% LONDON 1.91% CONSTRUCTION 1.14% TRADING 1.88% J 1.12% TRANSPORT 1.82% M 1.05% ELECTRICAL 1.76% GROUP 0.99% DESIGN 1.65% INTERNATIONAL 0.98% PROPERTIES 1.63% S 0.98% CO., 1.58% ELECTRICAL 0.96% J 1.55% ENGINEERING 0.88% CONSULTANTS 1.54% BUSINESS 0.87% BUSINESS 1.49% MIDLANDS 0.85% INVESTMENTS 1.49% HEALTHCARE 0.81% GLOBAL 1.46% D 0.78% ASSOCIATES 1.44% PROPERTIES 0.76% DEVELOPMENTS 1.36% GLOBAL 0.74% BUILDING 1.31% INVESTMENTS 0.74% IT 1.30% R 0.73% MEDIA 1.28% LOGISTICS 0.69% M 1.27%
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 14,340 288,953 82990 - Other business support service activities not elsewhere classified 2,523 58,522 99999 - Dormant Company 2,385 49,474 70229 - Management consultancy activities other than financial management 1,299 43,081 56103 - Take-away food shops and mobile food stands 1,058 8,607 96090 - Other service activities not elsewhere classified 1,054 29,218 62020 - Information technology consultancy activities 1,033 30,825 86900 - Other human health activities 789 13,990 49410 - Freight transport by road 784 12,485 74909 - Other professional, scientific and technical activities not elsewhere classified 573 19,098 56101 - Licensed restaurants 522 8,909 47910 - Retail sale via mail order houses or via Internet 504 10,200 62090 - Other information technology service activities 480 12,862 68209 - Other letting and operating of own or leased real estate 471 11,600 74990 - Non-trading company 409 13,794 41100 - Development of building projects 394 11,863 47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating 344 4,256 86210 - General medical practice activities 341 4,793 47990 - Other retail sale not in stores, stalls or markets 335 6,557 86101 - Hospital activities 320 5,043
Recent Companies
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Randomly selected companies from this quarter
COMPANY NUMBER COMPANY NAME INCORPORATION DATE 09416147 GAMBIAN RESOURCE AND ADVISORY BUREAU (GRAB) 02 Feb 2015 09418024 AMEER ENTERPRISES LTD 02 Feb 2015 09436604 GOOD PEAR LIMITED 12 Feb 2015 09438494 MULTICOPTER MEDIA LIMITED 13 Feb 2015 09439114 QC WALSALL LIMITED 13 Feb 2015 09439295 HOTELSANDBNB.COM LIMITED 13 Feb 2015 09440294 SIGNATURE WEDDINGS LIMITED 16 Feb 2015 09448929 MAY FREY LTD 19 Feb 2015 09451732 SPRING PARADISE LIMITED 21 Feb 2015 09458107 M.IBRAHIM MOTORS LTD 25 Feb 2015 09459116 PINNEGAR HAYWARD LIMITED 25 Feb 2015 09415988 L SUGAR LIMITED 02 Feb 2015 09416088 R 86 LIMITED 02 Feb 2015 09416298 L 86 LIMITED 02 Feb 2015 09423298 NURTON DEVELOPMENTS (DIDCOT) LIMITED 05 Feb 2015 09428790 C & Q INVESTMENTS LIMITED 09 Feb 2015 09434442 CLARENDON ENT LTD. 11 Feb 2015 09442634 A BOAT LIMITED 17 Feb 2015 09446614 F BOAT LIMITED 18 Feb 2015 09446702 D BOAT LIMITED 18 Feb 2015 09446752 J BOAT LIMITED 18 Feb 2015 09452314 KUDOS MARKETING AND MANAGEMENT LIMITED 21 Feb 2015 09454987 ANKERSHORE LIMITED 24 Feb 2015 09457580 WT 2015 LIMITED 25 Feb 2015 09457673 D 8708 LIMITED 25 Feb 2015
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