Worcester, Worcestershire

Q3 2010 Business Confidence Report

Headlines

  • Q3 2010 saw a new record in company closures in Worcester when compared to any previous Q3.
  • August 2010 saw a new record in company closures in Worcester when compared to any previous August.
  • July 2010 saw a new record in company closures in Worcester when compared to any previous July.

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. Quarterly Data (Q3 Jul-Sep 2010)

    A total of 139 companies were registered in Worcester during the third quarter of 2010 (Jul 2010 - Sep 2010).

    This figure is a decrease of 4.1% versus the same period last year (Q3 2009). This figure compares badly to the UK as a whole, which saw an increase of 7.2% against the same period last year.

    third quarter (Jul 2010 - Sep 2010)WorcesterUK
    2010139101,492
    200914594,671
    % change-4.1%7.2%
    Record Year 2003 (226) 2003 (107,203)
    New Companies by Quarter
  2. Monthly Data (Jul, Aug & Sep 2010)

    New Companies by Month
    JulyAugustSeptember
    New companies in 2010484645
    New companies in 2009474355
    % change2.1%7.0%-18.2%
    Record Year2003 (101)2000 (91)2003 (83)

Closed Companies (dissolved)

  1. Quarterly Data (Q3 Jul-Sep 2010)

    Q3 2010 saw a new record in company closures in Worcester when compared to any previous Q3.

    A total of 206 companies were dissolved in Worcester during the third quarter of 2010 (Jul 2010 - Sep 2010).

    This figure is an increase of 45.1% versus the same period last year (Q3 2009). This figure compares poorly to the UK as a whole, which saw a decrease of 45.0% against the same period last year.

    third quarter (Jul 2010 - Sep 2010)WorcesterUK
    201020687,705
    2009142159,401
    % change45.1%-45.0%
    Record Year 2010 (206) 2009 (159,401)
    Dissolved Companies by Quarter
  2. Monthly Data (Jul, Aug & Sep 2010)

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

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

    Dissolved Companies by Month
    JulyAugustSeptember
    Closed companies in 2010618659
    Closed companies in 2009304666
    % change103.3%87.0%-11%
    Record Year2010 (61)2010 (86)2009 (66)

Net Company Growth

  1. Quarterly Data (Q3 Jul-Sep 2010)

    Net company growth for Worcester during the third quarter of 2010 (Jul 2010 - Sep 2010) was -67 companies.

    third quarter (Jul 2010 - Sep 2010)WorcesterUK
    2010-6713,787
    20093-64,730
    Record Year 2000 (173) 2003 (60,597)
    Net Growth by Quarter
  2. Monthly Data (Jul, Aug & Sep 2010)

    Net Growth by Month
    JulyAugustSeptember
    Net growth in 2010-13-40-14
    Net growth in 200917-3-11
    Record Year2003 (65)2000 (73)2000 (55)

UK Company Share

  1. Quarterly Data (Q3 Jul-Sep 2010)

    In the third quarter of 2010, Worcester formed 0.1% of all UK companies.

    third quarter (Jul 2010 - Sep 2010)Worcester
    20100.1%
    20090.2%
    20080.2%
    20070.2%
    20060.2%
    Record Year (since 1960) 1976 (0.4%)
    Company Share by Quarter
  2. Monthly Data (Jul, Aug & Sep 2010)

    Company Share by Month
    JulyAugustSeptember
    UK formation share in 20100.1%0.1%0.1%
    UK formation share in 20090.1%0.1%0.2%
    % change-5.0%-2.9%-21.6%
    Record Year1975 (0.6%)1974 (0.8%)1969 (0.7%)

Director Age

  1. Quarterly Data (Q3 Jul-Sep 2010)

    The average age of a director in the third quarter of 2010 was 46.9.

    The percentage of directors under the age of 25 was 1.4% compared to the UK figure of 2.7%.

    The percentage of directors over the age of 65 was 6.4% compared to the UK figure of 4.4%.

    Director Age by Quarter

Director Gender

  1. Quarterly Data (Q3 Jul-Sep 2010)

    The record third quarter for female directors in Worcester was in 1862 when 50.0% of all directors were female.

    25.2% of all director appointments in Worcester in the third quarter of 2010 were female. This compares to a UK average of 25.2% for the same period.

    Director Gender by Quarter

Naming Trends

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

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

    wordpercentageuk worduk percentage
    MANAGEMENT1.35%MANAGEMENT5.06%
    WORCESTER1.06%CONSULTING4.99%
    CONSULTANCY1.06%CONSULTANCY3.12%
    CONSULTING0.96%PROPERTY2.38%
    HC0.96%TRADING2.04%
    (WORCESTER)0.87%ASSOCIATES2.01%
    ASSOCIATES0.87%DESIGN1.93%
    PROPERTY0.77%CONSTRUCTION1.86%
    DESIGN0.77%BUSINESS1.80%
    CONSULTANTS0.68%MEDIA1.75%
    TRADING0.68%CONSULTANTS1.73%
    MARKETING0.68%LONDON1.59%
    DEVELOPMENTS0.68%ENGINEERING1.59%
    PRODUCTS0.58%INVESTMENTS1.49%
    BUSINESS0.58%CARE1.44%
    CONSTRUCTION0.58%J1.44%
    SYSTEMS0.58%INTERNATIONAL1.43%
    GROUP0.48%GLOBAL1.42%
    ENERGY0.48%IT1.35%
    ESTATES0.48%PROPERTIES1.35%
    ENTERPRISES0.48%BUILDING1.32%
    SECURITY0.48%ELECTRICAL1.30%
    DIRECT0.48%M1.28%
    ON0.39%SYSTEMS1.26%
    B0.39%S1.24%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied252202,902
    7487 - Other business activities8269,802
    82990 - Other business support service activities not elsewhere classified4425,053
    7414 - Business & management consultancy3514,940
    9999 - Dormant Company3321,484
    70229 - Management consultancy activities other than financial management3213,161
    7499 - Non-trading company2213,408
    74990 - Non-trading company207,649
    99999 - Dormant Company1914,072
    68100 - Buying and selling of own real estate192,447
    98000 - Residents property management173,273
    7260 - Other computer related activities168,967
    62020 - Information technology consultancy activities168,292
    7222 - Other software consultancy and supply148,183
    62090 - Other information technology service activities105,716
    70100 - Activities of head offices102,768
    68209 - Other letting and operating of own or leased real estate103,631
    96090 - Other service activities not elsewhere classified107,767
    86900 - Other human health activities93,361
    6024 - Freight transport by road92,771

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    07326224 CURTAIN EMPORIUM LIMITED 26 Jul 2010
    07325664 MATTCOLES LIMITED 26 Jul 2010
    07316292 RT PRODUCTS LTD 15 Jul 2010
    07307923 EDENGAGEMENT LIMITED 08 Jul 2010
    07307771 STERLING COMMERCIAL GROUP LIMITED 07 Jul 2010
    07306975 LINE MERGING LTD 07 Jul 2010
    07305139 HC 1142 LIMITED 06 Jul 2010
    07329135 BLUE DIAMOND ESTATE AGENTS LIMITED 28 Jul 2010
    07319665 ADLEY DEVELOPMENTS LIMITED 20 Jul 2010
    07322480 LION AND DRAGON LIMITED 22 Jul 2010
    07306788 SEALED-IT LTD 07 Jul 2010
    07331952 WHITQUEST LIMITED 30 Jul 2010
    07331130 SELECT LETS LIMITED 30 Jul 2010
    07316324 RENAISSANCE (STOKE VILLAGE) MANAGEMENT COMPANY LIMITED 15 Jul 2010
    07309687 GODWIN COMPUTING LIMITED 09 Jul 2010
    07307732 WILD WOOD ROOMS LIMITED 07 Jul 2010
    07305527 ICHIC LTD 06 Jul 2010
    07304323 GRIP PRODUCTS LTD 05 Jul 2010
    07323144 DGF PSYCHOLOGY LIMITED 22 Jul 2010
    07310855 GEEMAC ASSOCIATES LIMITED 12 Jul 2010
    07306509 BROADWAS CONSTRUCTION SERVICES LIMITED 07 Jul 2010
    07312404 PARITAS LTD 13 Jul 2010
    07329998 TRENBERTH LIMITED 29 Jul 2010
    07328818 RATEL RISK MANAGEMENT LIMITED 28 Jul 2010
    07310999 WAYNE CHOPPING AND ASSOCIATES LTD 12 Jul 2010