Worcester, Worcestershire

2010 Half Year Business Confidence Report

Headlines

  • The first half of 2010 saw a new record in company closures in Worcester when compared to any previous first half year.
  • The first half of 2010 was a record first half year for company closures in Worcester when compared to any half year in history.
  • Q2 2010 saw a new record in company closures in Worcester when compared to any previous Q2.
  • Q2 2010 was a record quarter for company closures in Worcester when compared to any quarter in history.
  • June 2010 saw a new record in company closures in Worcester when compared to any previous June.
  • April 2010 saw a new record in company closures in Worcester when compared to any previous April.

Contents

  1. New Company Registrations
  2. Closed Companies (dissolved)
  3. Net Company Growth
  4. UK Company Share
  5. Director Age
  6. Director Gender
  7. Naming Trends
  8. SIC Data
  9. Recent Companies

New Company Registrations

  1. Half Year Data (Jan-Jun 2010)

    In the first half of 2010 a total of 352 companies were formed in Worcester. This figure is 15.0% higher than last year, which compares well to the UK wide figure of 11.9%.

    The highest total for a first half year in Worcester occurred in 2007 when a total of 419 were formed.

    Half Year (Jan-Jun)WorcesterUK
    2010352203,749
    2009306182,021
    % change15.0%11.9%
    Record Year2007 (419)2007 (279,097)
    New Companies by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2010)

    A total of 156 companies were registered in Worcester during the second quarter of 2010 (Apr 2010 - Jun 2010).

    This figure is a decrease of 3.7% versus the same period last year (Q2 2009). This figure compares badly to the UK as a whole, which saw an increase of 8.4% against the same period last year.

    second quarter (Apr 2010 - Jun 2010)WorcesterUK
    201015698,612
    200916290,987
    % change-3.7%8.4%
    Record Year 2003 (197) 2007 (112,283)
    New Companies by Quarter
  3. Monthly Data (Apr, May & Jun 2010)

    New Companies by Month
    AprilMayJune
    New companies in 2010483771
    New companies in 2009555057
    % change-12.7%-26.0%24.6%
    Record Year2007 (71)2003 (73)2000 (74)

Closed Companies (dissolved)

  1. Half Year Data (Jan-Jun 2010)

    The first half of 2010 saw a new record in company closures in Worcester when compared to any previous first half year.

    The first half of 2010 was a record first half year for company closures in Worcester when compared to any half year in history.

    In the first half of 2010 a total of 413 companies were dissolved in Worcester. This figure is 19.7% higher than last year, which compares badly to the UK wide change of -38.6%.

    The highest total for a first half year in Worcester occurred in 2010 when a total of 413 were closed.

    Half Year (Jan-Jun)WorcesterUK
    2010413177,631
    2009345289,236
    % change19.7%-38.6%
    Record Year2010 (413)2009 (289,236)
    Dissolved Companies by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2010)

    Q2 2010 saw a new record in company closures in Worcester when compared to any previous Q2.

    Q2 2010 was a record quarter for company closures in Worcester when compared to any quarter in history.

    A total of 215 companies were dissolved in Worcester during the second quarter of 2010 (Apr 2010 - Jun 2010).

    This figure is an increase of 4.4% versus the same period last year (Q2 2009). This figure compares poorly to the UK as a whole, which saw a decrease of 47.6% against the same period last year.

    second quarter (Apr 2010 - Jun 2010)WorcesterUK
    201021594,954
    2009206181,176
    % change4.4%-47.6%
    Record Year 2010 (215) 2009 (181,176)
    Dissolved Companies by Quarter
  3. Monthly Data (Apr, May & Jun 2010)

    June 2010 saw a new record in company closures in Worcester when compared to any previous June.

    April 2010 saw a new record in company closures in Worcester when compared to any previous April.

    Dissolved Companies by Month
    AprilMayJune
    Closed companies in 2010538280
    Closed companies in 2009409769
    % change32.5%-15.5%16%
    Record Year2010 (53)2009 (97)2010 (80)

Net Company Growth

  1. Half Year Data (Jan-Jun 2010)

    In the first half of 2010 the company register for Worcester decreased by 61 companies.

    Half Year (Jan-Jun)WorcesterUK
    2010-6126,118
    2009-39-107,215
    Record Year2003 (275)2007 (171,296)
    Net Growth by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2010)

    Net company growth for Worcester during the second quarter of 2010 (Apr 2010 - Jun 2010) was -59 companies.

    second quarter (Apr 2010 - Jun 2010)WorcesterUK
    2010-593,658
    2009-44-90,189
    Record Year 2003 (147) 2003 (69,274)
    Net Growth by Quarter
  3. Monthly Data (Apr, May & Jun 2010)

    Net Growth by Month
    AprilMayJune
    Net growth in 2010-5-45-9
    Net growth in 200915-47-12
    Record Year2007 (55)2003 (58)2003 (49)

UK Company Share

  1. Half Year Data (Jan-Jun 2010)

    In the first half of 2010 Worcester formed 0.2% of all UK companies. This is the same as the 2009 figure of 0.2%.

    Half Year (Jan-Jun)Worcester
    20100.2%
    20090.2%
    20080.2%
    20070.2%
    20060.2%
    Record Year (since 1960) 1964 (0.4%)
    Company Share by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2010)

    In the second quarter of 2010, Worcester formed 0.2% of all UK companies.

    second quarter (Apr 2010 - Jun 2010)Worcester
    20100.2%
    20090.2%
    20080.2%
    20070.2%
    20060.2%
    Record Year (since 1960) 1962 (0.3%)
    Company Share by Quarter
  3. Monthly Data (Apr, May & Jun 2010)

    Company Share by Month
    AprilMayJune
    UK formation share in 20100.1%0.1%0.2%
    UK formation share in 20090.2%0.2%0.2%
    % change-19.7%-29.5%12.1%
    Record Year1966 (0.4%)1962 (0.5%)1964 (0.6%)

Director Age

  1. Half Year Data (Jan-Jun 2010)

    The average age of a director in the first half of 2010 was 47.2.

    The percentage of directors under the age of 25 was 1.8% compared to the UK figure of 2.1%.

    The percentage of directors over the age of 65 was 5.5% compared to the UK figure of 4.7%.

    Director Age by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2010)

    The average age of a director in the second quarter of 2010 was 46.7.

    The percentage of directors under the age of 25 was 0.8% compared to the UK figure of 2.3%.

    The percentage of directors over the age of 65 was 5.9% compared to the UK figure of 4.4%.

    Director Age by Quarter

Director Gender

  1. Half Year Data (Jan-Jun 2010)

    The record first half year for female directors in Worcester was 1857 when 40.0% of all directors were female.

    28.8% of all director appointments in Worcester in the first half of 2010 were female. This compares to a UK average of 24.9% for the same period.

    Director Gender by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2010)

    The record second quarter for female directors in Worcester was in 1866 when 66.7% of all directors were female.

    27.6% of all director appointments in Worcester in the second quarter of 2010 were female. This compares to a UK average of 25.1% for the same period.

    Director Gender by Quarter

Naming Trends

  1. Previous 12 months (Jun 2009-Jun 2010)

    Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.

    wordpercentageuk worduk percentage
    MANAGEMENT1.33%MANAGEMENT5.01%
    (WORCESTER)1.14%CONSULTING4.79%
    CONSULTING1.05%CONSULTANCY3.02%
    CONSULTANCY0.95%PROPERTY2.40%
    WORCESTER0.95%ASSOCIATES2.02%
    ASSOCIATES0.76%TRADING2.01%
    HC0.76%DESIGN1.91%
    MARKETING0.76%CONSTRUCTION1.85%
    CONSULTANTS0.67%MEDIA1.80%
    DEVELOPMENTS0.67%BUSINESS1.75%
    TRADING0.67%CONSULTANTS1.71%
    PROPERTY0.67%INTERNATIONAL1.59%
    ESTATES0.57%ENGINEERING1.56%
    FIRE0.57%LONDON1.52%
    SPORTS0.57%INVESTMENTS1.49%
    CONSTRUCTION0.57%J1.46%
    ENTERPRISES0.57%CARE1.41%
    DESIGN0.48%GLOBAL1.39%
    SYSTEMS0.48%PROPERTIES1.35%
    MEDIA0.48%BUILDING1.33%
    GROUP0.48%M1.29%
    ENGINEERING0.48%IT1.28%
    SOFTWARE0.48%ELECTRICAL1.27%
    BUSINESS0.48%GROUP1.25%
    PRODUCTS0.38%DEVELOPMENTS1.25%

SIC Data

  1. Previous 36 months, excluding companies less than 12 months old

    sic codenumber of companiesuk companies
    None Supplied255207,125
    7487 - Other business activities8868,525
    82990 - Other business support service activities not elsewhere classified4125,942
    70229 - Management consultancy activities other than financial management3413,490
    7414 - Business & management consultancy3314,598
    9999 - Dormant Company2219,842
    74990 - Non-trading company227,893
    7499 - Non-trading company2213,997
    68100 - Buying and selling of own real estate212,601
    98000 - Residents property management193,540
    99999 - Dormant Company1814,342
    62020 - Information technology consultancy activities168,590
    7260 - Other computer related activities169,122
    7222 - Other software consultancy and supply158,285
    96090 - Other service activities not elsewhere classified127,922
    68209 - Other letting and operating of own or leased real estate113,834
    5530 - Restaurants104,879
    62090 - Other information technology service activities105,854
    70100 - Activities of head offices102,912
    86900 - Other human health activities93,450

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    07282407 LAPNET LIMITED 14 Jun 2010
    07282246 CHURCHWARD DEVELOPMENTS LIMITED 14 Jun 2010
    07279258 FASTFLIGHT LIMITED 09 Jun 2010
    07279132 KEYCHARM LIMITED 09 Jun 2010
    07279122 VITALSHOW LIMITED 09 Jun 2010
    07278129 HC 1140 LIMITED 09 Jun 2010
    07277755 HC 1139 LIMITED 08 Jun 2010
    07277706 HC 1138 LIMITED 08 Jun 2010
    07276228 HC 1137 LIMITED 07 Jun 2010
    07273839 BILFORD HOMES LIMITED 04 Jun 2010
    07272335 AMBERANTOM LIMITED 03 Jun 2010
    07269648 GOODWIN JONES LIMITED 01 Jun 2010
    07268726 RAPID AUTO PAINT LIMITED 01 Jun 2010
    07274176 777 CONSULTING LIMITED 04 Jun 2010
    07277041 SEMAPHORE EMBEDDED SOFTWARE LIMITED 08 Jun 2010
    07296225 SPANNER PRODUCTIONS LIMITED 25 Jun 2010
    07296135 GILL MATTHEWS EDUCATION CONSULTANCY LTD 25 Jun 2010
    07296029 KEVIN JEFFERY EDUCATION ADVISER LTD 25 Jun 2010
    07294795 THE MOVE MASTER LTD. 24 Jun 2010
    07288975 PEMBERSTONE RESIDENTIAL LIMITED 18 Jun 2010
    07288938 MP REVERSIONS (NO. 11) LIMITED 18 Jun 2010
    07288636 NETWORK TELECOMMUNICATIONS LIMITED 18 Jun 2010
    07272170 WATTON ASSOCIATES LIMITED 03 Jun 2010
    07297671 SUPERCHARGED SITES.COM LTD 28 Jun 2010
    07296022 MOBILE-CMM LIMITED 25 Jun 2010