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 09467118 BRIGHTMOVE ESTATES LTD 03 Mar 2015 09470441 LINK APPZ LTD 04 Mar 2015 09470522 WORK WITH COLIN LIMITED 04 Mar 2015 09475199 ARENA BUILDERS LIMITED 06 Mar 2015 09499130 MAJOR CONSTRUCTION SOLUTIONS LIMITED 19 Mar 2015 09499381 EUROPLAS PLASTIC PRODUCTS LIMITED 19 Mar 2015 09502915 DEREK SACH ASSOCIATES LIMITED 23 Mar 2015 09503540 BEST CHEN LIMITED 23 Mar 2015 09503831 ALLIANCE ELECTRICAL TRADING LIMITED 23 Mar 2015 09511592 WYKAN LIMITED 26 Mar 2015 09511655 STAFFING LINK LTD 26 Mar 2015 09513882 MSJ ELECTRICAL LTD 27 Mar 2015 09465481 PEKING HOUSE TAKEAWAY LIMITED 02 Mar 2015 09466866 YASM4 LIMITED 03 Mar 2015 09467667 R ZHU BUSINESS SERVICES LIMITED 03 Mar 2015 09480004 COTTON CANDY LIMITED 10 Mar 2015 09480701 NOBLE TAKEAWAY LIMITED 10 Mar 2015 09480964 GOAT (2015) LIMITED 10 Mar 2015 09482782 HIGH JUMP LIMITED 11 Mar 2015 09487473 12 B LIMITED 12 Mar 2015 09487542 16 E LIMITED 12 Mar 2015 09487685 24 M LIMITED 13 Mar 2015 09490909 SOUTHFIELD (2028) LIMITED 16 Mar 2015 09490922 EASTFIELD (2018) LIMITED 16 Mar 2015 09490931 BEAUTIFUL (2028) LIMITED 16 Mar 2015
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