Worcester, Worcestershire
Q1 2010 Business Confidence Report
Headlines
- Q1 2010 saw a new record in company closures in Worcester when compared to any previous Q1.
- March 2010 saw a new record in company closures in Worcester when compared to any previous March.
- February 2010 saw a new record in company closures in Worcester when compared to any previous February.
- January 2010 saw a new record in company closures in Worcester when compared to any previous January.
Contents
New Company Registrations
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Quarterly Data (Q1 Jan-Mar 2010)
A total of 196 companies were registered in Worcester during the first quarter of 2010 (Jan 2010 - Mar 2010).
This figure is an increase of 36.1% versus the same period last year (Q1 2009). This figure compares well to the UK as a whole, which saw an increase of 15.5% against the same period last year.
first quarter (Jan 2010 - Mar 2010) Worcester UK 2010 196 105,137 2009 144 91,034 % change 36.1% 15.5% Record Year 2007 (234) 2007 (166,814) New Companies by Quarter
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Monthly Data (Jan, Feb & Mar 2010)
New Companies by Month
January February March New companies in 2010 59 51 86 New companies in 2009 49 40 55 % change 20.4% 27.5% 56.4% Record Year 2007 (69) 2004 (73) 2007 (95)
Closed Companies (dissolved)
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Quarterly Data (Q1 Jan-Mar 2010)
Q1 2010 saw a new record in company closures in Worcester when compared to any previous Q1.
A total of 198 companies were dissolved in Worcester during the first quarter of 2010 (Jan 2010 - Mar 2010).
This figure is an increase of 42.4% versus the same period last year (Q1 2009). This figure compares poorly to the UK as a whole, which saw a decrease of 23.5% against the same period last year.
first quarter (Jan 2010 - Mar 2010) Worcester UK 2010 198 82,677 2009 139 108,060 % change 42.4% -23.5% Record Year 2010 (198) 2009 (108,060) Dissolved Companies by Quarter
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Monthly Data (Jan, Feb & Mar 2010)
March 2010 saw a new record in company closures in Worcester when compared to any previous March.
February 2010 saw a new record in company closures in Worcester when compared to any previous February.
January 2010 saw a new record in company closures in Worcester when compared to any previous January.
Dissolved Companies by Month
January February March Closed companies in 2010 49 73 76 Closed companies in 2009 35 29 75 % change 40.0% 151.7% 1% Record Year 2010 (49) 2010 (73) 2010 (76)
Net Company Growth
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Quarterly Data (Q1 Jan-Mar 2010)
Net company growth for Worcester during the first quarter of 2010 (Jan 2010 - Mar 2010) was -2 companies.
first quarter (Jan 2010 - Mar 2010) Worcester UK 2010 -2 22,460 2009 5 -17,026 Record Year 2007 (138) 2007 (111,282) Net Growth by Quarter
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Monthly Data (Jan, Feb & Mar 2010)
Net Growth by Month
January February March Net growth in 2010 10 -22 10 Net growth in 2009 14 11 -20 Record Year 2008 (46) 2001 (41) 2008 (68)
UK Company Share
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Quarterly Data (Q1 Jan-Mar 2010)
In the first quarter of 2010, Worcester formed 0.2% of all UK companies.
first quarter (Jan 2010 - Mar 2010) Worcester 2010 0.2% 2009 0.2% 2008 0.2% 2007 0.1% 2006 0.2% Record Year (since 1960) 1964 (0.4%) Company Share by Quarter
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Monthly Data (Jan, Feb & Mar 2010)
Company Share by Month
January February March UK formation share in 2010 0.2% 0.2% 0.2% UK formation share in 2009 0.2% 0.1% 0.2% % change 11.7% 9.2% 29.9% Record Year 1975 (0.5%) 1969 (0.9%) 1964 (0.6%)
Director Age
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Quarterly Data (Q1 Jan-Mar 2010)
The average age of a director in the first quarter of 2010 was 47.5.
The percentage of directors under the age of 25 was 2.5% compared to the UK figure of 2.0%.
The percentage of directors over the age of 65 was 5.3% compared to the UK figure of 4.9%.
Director Age by Quarter
Director Gender
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Quarterly Data (Q1 Jan-Mar 2010)
The record first quarter for female directors in Worcester was in 1861 when 40.0% of all directors were female.
29.6% of all director appointments in Worcester in the first quarter of 2010 were female. This compares to a UK average of 24.7% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Mar 2009-Mar 2010)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage MANAGEMENT 1.71% MANAGEMENT 5.01% CONSULTING 1.04% CONSULTING 4.60% CONSULTANCY 1.04% CONSULTANCY 2.87% (WORCESTER) 0.85% PROPERTY 2.50% SYSTEMS 0.85% ASSOCIATES 2.04% MARKETING 0.85% TRADING 1.93% PROPERTY 0.76% DESIGN 1.91% MP 0.76% CONSTRUCTION 1.87% REVERSIONS 0.76% MEDIA 1.84% WORCESTER 0.76% BUSINESS 1.74% BUSINESS 0.66% INTERNATIONAL 1.73% ASSOCIATES 0.66% CONSULTANTS 1.63% ENTERPRISES 0.66% ENGINEERING 1.54% CONSTRUCTION 0.66% J 1.48% ESTATES 0.57% LONDON 1.45% CARE 0.57% INVESTMENTS 1.45% FIRE 0.57% GROUP 1.37% STRATEGIC 0.57% GLOBAL 1.35% GROUP 0.57% PROPERTIES 1.35% DESIGN 0.47% BUILDING 1.34% CONSULTANTS 0.47% CARE 1.33% SPORTS 0.47% ELECTRICAL 1.30% THREE 0.47% M 1.28% TRADING 0.47% SYSTEMS 1.25% DEVELOPMENTS 0.47% S 1.23%
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 258 228,645 7487 - Other business activities 92 74,904 82990 - Other business support service activities not elsewhere classified 44 26,974 7414 - Business & management consultancy 38 17,003 70229 - Management consultancy activities other than financial management 32 14,007 98000 - Residents property management 30 3,892 9999 - Dormant Company 24 19,948 7499 - Non-trading company 24 15,398 74990 - Non-trading company 23 8,149 62020 - Information technology consultancy activities 17 9,943 7222 - Other software consultancy and supply 16 9,659 7260 - Other computer related activities 16 10,331 68100 - Buying and selling of own real estate 15 2,973 7450 - Labour recruitment 13 3,809 68209 - Other letting and operating of own or leased real estate 11 4,131 62090 - Other information technology service activities 11 6,340 99999 - Dormant Company 11 13,808 9305 - Other service activities 11 9,038 86900 - Other human health activities 10 3,445 74909 - Other professional, scientific and technical activities not elsewhere classified 10 7,143
Recent Companies
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Randomly selected companies from this quarter
COMPANY NUMBER COMPANY NAME INCORPORATION DATE 07130652 RW GREENWAY LTD 20 Jan 2010 07126285 CRUZ CONSULT LIMITED 15 Jan 2010 07121331 M & H SCOTT LIMITED 11 Jan 2010 OC351685 ID TITAN LLP 22 Jan 2010 07137972 REED ECO LTD 27 Jan 2010 07137661 COMPCO SAFETY LIMITED 27 Jan 2010 07135946 KWIK QUOTE LIMITED 26 Jan 2010 07133222 SPUR SPORTS COACHING LIMITED 22 Jan 2010 07128001 WILDELANE LIMITED 18 Jan 2010 07124459 TEMPLE VENUES LIMITED 13 Jan 2010 07117862 AL WASEY TRADERS UK LIMITED 06 Jan 2010 OC351916 MCGEE & O'CONNELL LLP 31 Jan 2010 07135649 PURE GOLF LIMITED 26 Jan 2010 07138227 PEARS PLASTICS LIMITED 27 Jan 2010 07136391 HOPMECH LIMITED 26 Jan 2010 07133326 COGNITION BUSINESS CONSULTING LTD 22 Jan 2010 07132587 WEBBE BUSINESS SERVICES LIMITED 21 Jan 2010 07129381 MBS SPORTS LTD 19 Jan 2010 07116501 3D ASPECTS LTD 05 Jan 2010 07116228 SEMLOGIC LIMITED 05 Jan 2010 OC351733 WEALTH ESTATES LLP 26 Jan 2010 07119203 J.COPE ELECTRICAL SERVICES LTD 07 Jan 2010 07118748 BROMSGROVE PHYSIOTHERAPY LIMITED 07 Jan 2010 OC351393 LATIMER PLANNING LLP 11 Jan 2010 07127964 INKBERROW AGRI LIMITED 18 Jan 2010
reports
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