Wolverhampton, West Midlands
2014 Annual Business Confidence Report
Headlines
- 2014 was a record year for company registrations in Wolverhampton when compared to any year in history.
- The second half of 2014 saw a new record in company registrations in Wolverhampton when compared to any previous second half year.
- The second half of 2014 was a record second half year for company registrations in Wolverhampton when compared to any half year in history.
- Q4 2014 saw a new record in company registrations in Wolverhampton when compared to any previous Q4.
- December 2014 saw a new record in company registrations in Wolverhampton when compared to any previous December.
- November 2014 saw a new record in company registrations in Wolverhampton when compared to any previous November.
- October 2014 saw a new record in company registrations in Wolverhampton when compared to any previous October.
- 2014 was a record year for net growth in Wolverhampton when compared to any year in history.
- The second half of 2014 saw a new record in net growth in Wolverhampton when compared to any previous second half year.
- October 2014 saw a new record in net growth in Wolverhampton when compared to any previous October.
Contents
New Company Registrations
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Annual Data (2014)
2014 was a record year for company registrations in Wolverhampton when compared to any year in history.
A total of 1,876 companies were formed in Wolverhampton in 2014. This total is 19.7% higher than in 2013 and compares favourably to the UK figure of a 10.0% growth compared to 529,363 the previous year.
Year Wolverhampton UK 2014 1,876 582,051 2013 1,567 529,363 2012 1,328 491,893 2011 1,398 452,870 2010 1,287 400,358 Record Year 2014 (1,876) 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 Wolverhampton when compared to any previous second half year.
The second half of 2014 was a record second half year for company registrations in Wolverhampton when compared to any half year in history.
In the second half of 2014 a total of 949 companies were formed in Wolverhampton. This figure is 13.8% higher than last year, which compares well to the UK wide figure of 8.2%.
The highest total for a second half year in Wolverhampton occurred in 2014 when a total of 949 were formed.
Half Year (Jul-Dec) Wolverhampton UK 2014 949 281,320 2013 834 259,931 % change 13.8% 8.2% Record Year 2014 (949) 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 Wolverhampton when compared to any previous Q4.
A total of 450 companies were registered in Wolverhampton during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is an increase of 8.7% 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) Wolverhampton UK 2014 450 137,906 2013 414 127,247 % change 8.7% 8.4% Record Year 2014 (450) 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 Wolverhampton when compared to any previous December.
November 2014 saw a new record in company registrations in Wolverhampton when compared to any previous November.
October 2014 saw a new record in company registrations in Wolverhampton when compared to any previous October.
New Companies by Month
October November December New companies in 2014 174 148 128 New companies in 2013 168 142 104 % change 3.6% 4.2% 23.1% Record Year 2014 (174) 2014 (148) 2014 (128)
Closed Companies (dissolved)
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Annual Data (2014)
A total of 1,093 companies were dissolved in Wolverhampton in 2014. This total is 16.0% higher than in 2013 and compares favourably to the UK figure of 10.8% growth compared to the previous year.
Year Wolverhampton UK 2014 1,093 367,937 2013 942 332,213 2012 887 293,729 2011 940 314,524 2010 1,279 342,233 Record Year 2009 (1,355) 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 587 companies were dissolved in Wolverhampton. This figure is 6.5% higher than last year, which compares well to the UK wide change of 7.7%.
The highest total for a second half year in Wolverhampton occurred in 2009 when a total of 663 were closed.
Half Year (Jul-Dec) Wolverhampton UK 2014 587 190,730 2013 551 177,021 % change 6.5% 7.7% Record Year 2009 (663) 2009 (244,544) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
A total of 266 companies were dissolved in Wolverhampton during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is an increase of 0.8% 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) Wolverhampton UK 2014 266 89,060 2013 264 90,851 % change 0.8% -2.0% Record Year 2009 (314) 2013 (90,851) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Dissolved Companies by Month
October November December Closed companies in 2014 66 95 105 Closed companies in 2013 116 84 64 % change -43.1% 13.1% 64% Record Year 2013 (116) 2003 (143) 2009 (136)
Net Company Growth
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Annual Data (2014)
2014 was a record year for net growth in Wolverhampton when compared to any year in history.
A total of 783 companies were added to the company register for Wolverhampton in 2014. This number represents growth of 41.7% in the total number of active companies, which compares favourably to the UK figure of 36.8%.
This number is 158 companies higher than the previous year.
The highest net company growth figure ever seen in one year came in 2014 when the Wolverhampton company register grew by 783 companies.
Year Wolverhampton UK 2014 783 214,114 2013 625 197,150 2012 441 198,164 2011 458 138,346 2010 8 58,125 Record Year 2014 (783) 2007 (237,353) Net Growth by Year
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Half Year Data (Jul-Dec 2014)
The second half of 2014 saw a new record in net growth in Wolverhampton when compared to any previous second half year.
In the second half of 2014 the company register for Wolverhampton increased by 362 companies.
Half Year (Jul-Dec) Wolverhampton UK 2014 362 90,590 2013 283 82,910 Record Year 2014 (362) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
Net company growth for Wolverhampton during the fourth quarter of 2014 (Oct 2014 - Dec 2014) was 184 companies.
fourth quarter (Oct 2014 - Dec 2014) Wolverhampton UK 2014 184 48,846 2013 150 36,396 Record Year 2014 (184) 2012 (49,848) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
October 2014 saw a new record in net growth in Wolverhampton when compared to any previous October.
Net Growth by Month
October November December Net growth in 2014 108 53 23 Net growth in 2013 52 58 40 Record Year 2014 (108) 2008 (60) 2002 (46)
UK Company Share
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Annual Data (2014)
In 2014 Wolverhampton formed 0.3% of all UK companies. This is no change on 2013 when Wolverhampton was responsible for 0.3% of all UK companies.
Year Wolverhampton 2014 0.3% 2013 0.3% 2012 0.3% 2011 0.3% 2010 0.3% Record Year (since 1960) 1991 (0.4%) Company Share by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 Wolverhampton formed 0.3% of all UK companies. This is the same as the 2013 figure of 0.3%.
Half Year (Jul-Dec) Wolverhampton 2014 0.3% 2013 0.3% 2012 0.3% 2011 0.3% 2010 0.3% Record Year (since 1960) 1992 (0.4%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
In the fourth quarter of 2014, Wolverhampton formed 0.3% of all UK companies.
fourth quarter (Oct 2014 - Dec 2014) Wolverhampton 2014 0.3% 2013 0.3% 2012 0.2% 2011 0.3% 2010 0.3% Record Year (since 1960) 1992 (0.5%) 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 0.3% 0.3% 0.3% UK formation share in 2013 0.3% 0.3% 0.3% % change -1.5% -1.0% 5.4% Record Year 1992 (0.5%) 1983 (0.5%) 1982 (0.6%)
Director Age
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Annual Data (2014)
The average age of a director in 2014 was 43.0.
The percentage of directors under the age of 25 was 3.3% compared to the UK figure of 4.0%.
The percentage of directors over the age of 65 was 4.8% 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 41.9.
The percentage of directors under the age of 25 was 3.1% 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 42.3.
The percentage of directors under the age of 25 was 3.9% compared to the UK figure of 3.8%.
The percentage of directors over the age of 65 was 6.4% 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 Wolverhampton was 1988 when 100.0% of all directors were female.
The percentage of female directors in Wolverhampton in 2014 was 27.5%. 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 Wolverhampton was 2005 when 28.8% of all directors were female.
24.0% of all director appointments in Wolverhampton 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 Wolverhampton was in 2006 when 27.1% of all directors were female.
24.6% of all director appointments in Wolverhampton 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 CARE 1.58% CONSULTING 5.22% MANAGEMENT 1.16% MANAGEMENT 4.58% CONSULTING 1.13% CONSULTANCY 3.57% TRANSPORT 1.01% PROPERTY 2.66% CONSTRUCTION 0.90% CONSTRUCTION 2.12% WOLVERHAMPTON 0.90% ENGINEERING 2.10% MIDLANDS 0.86% CARE 2.02% ELECTRICAL 0.83% TRADING 1.94% PROPERTY 0.83% LONDON 1.93% CONSULTANCY 0.79% TRANSPORT 1.93% PROPERTIES 0.71% DESIGN 1.66% TRAINING 0.64% CONSULTANTS 1.64% RECRUITMENT 0.64% ELECTRICAL 1.62% INVESTMENTS 0.64% PROPERTIES 1.62% BUILDING 0.60% BUSINESS 1.56% J 0.56% J 1.54% C 0.56% CO., 1.50% DEVELOPMENTS 0.53% GLOBAL 1.49% (MIDLANDS) 0.53% INVESTMENTS 1.48% GLOBAL 0.53% ASSOCIATES 1.47% S 0.53% DEVELOPMENTS 1.35% IT 0.49% MEDIA 1.33% LOGISTICS 0.49% IT 1.31% HEALTH 0.49% BUILDING 1.29% ASSOCIATES 0.45% 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 862 265,608 99999 - Dormant Company 114 48,509 96090 - Other service activities not elsewhere classified 97 29,009 82990 - Other business support service activities not elsewhere classified 79 58,068 70229 - Management consultancy activities other than financial management 69 42,290 62020 - Information technology consultancy activities 67 30,178 86900 - Other human health activities 57 12,976 49410 - Freight transport by road 56 10,842 74909 - Other professional, scientific and technical activities not elsewhere classified 38 19,049 47910 - Retail sale via mail order houses or via Internet 37 10,107 74990 - Non-trading company 36 13,984 68209 - Other letting and operating of own or leased real estate 32 11,212 47710 - Retail sale of clothing in specialised stores 31 3,359 41202 - Construction of domestic buildings 30 7,559 45200 - Maintenance and repair of motor vehicles 29 5,425 43999 - Other specialised construction activities not elsewhere classified 28 8,761 47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating 27 4,167 86210 - General medical practice activities 27 4,591 41100 - Development of building projects 24 11,397 96020 - Hairdressing and other beauty treatment 24 6,742
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