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
New Company Registrations
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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) Worcester UK 2010 139 101,492 2009 145 94,671 % change -4.1% 7.2% Record Year 2003 (226) 2003 (107,203) New Companies by Quarter
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Monthly Data (Jul, Aug & Sep 2010)
New Companies by Month
July August September New companies in 2010 48 46 45 New companies in 2009 47 43 55 % change 2.1% 7.0% -18.2% Record Year 2003 (101) 2000 (91) 2003 (83)
Closed Companies (dissolved)
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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) Worcester UK 2010 206 87,705 2009 142 159,401 % change 45.1% -45.0% Record Year 2010 (206) 2009 (159,401) Dissolved Companies by Quarter
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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
July August September Closed companies in 2010 61 86 59 Closed companies in 2009 30 46 66 % change 103.3% 87.0% -11% Record Year 2010 (61) 2010 (86) 2009 (66)
Net Company Growth
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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) Worcester UK 2010 -67 13,787 2009 3 -64,730 Record Year 2000 (173) 2003 (60,597) Net Growth by Quarter
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Monthly Data (Jul, Aug & Sep 2010)
Net Growth by Month
July August September Net growth in 2010 -13 -40 -14 Net growth in 2009 17 -3 -11 Record Year 2003 (65) 2000 (73) 2000 (55)
UK Company Share
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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 2010 0.1% 2009 0.2% 2008 0.2% 2007 0.2% 2006 0.2% Record Year (since 1960) 1976 (0.4%) Company Share by Quarter
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Monthly Data (Jul, Aug & Sep 2010)
Company Share by Month
July August September UK formation share in 2010 0.1% 0.1% 0.1% UK formation share in 2009 0.1% 0.1% 0.2% % change -5.0% -2.9% -21.6% Record Year 1975 (0.6%) 1974 (0.8%) 1969 (0.7%)
Director Age
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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
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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
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Previous 12 months (Sep 2009-Sep 2010)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage MANAGEMENT 1.35% MANAGEMENT 5.06% WORCESTER 1.06% CONSULTING 4.99% CONSULTANCY 1.06% CONSULTANCY 3.12% CONSULTING 0.96% PROPERTY 2.38% HC 0.96% TRADING 2.04% (WORCESTER) 0.87% ASSOCIATES 2.01% ASSOCIATES 0.87% DESIGN 1.93% PROPERTY 0.77% CONSTRUCTION 1.86% DESIGN 0.77% BUSINESS 1.80% CONSULTANTS 0.68% MEDIA 1.75% TRADING 0.68% CONSULTANTS 1.73% MARKETING 0.68% LONDON 1.59% DEVELOPMENTS 0.68% ENGINEERING 1.59% PRODUCTS 0.58% INVESTMENTS 1.49% BUSINESS 0.58% CARE 1.44% CONSTRUCTION 0.58% J 1.44% SYSTEMS 0.58% INTERNATIONAL 1.43% GROUP 0.48% GLOBAL 1.42% ENERGY 0.48% IT 1.35% ESTATES 0.48% PROPERTIES 1.35% ENTERPRISES 0.48% BUILDING 1.32% SECURITY 0.48% ELECTRICAL 1.30% DIRECT 0.48% M 1.28% ON 0.39% SYSTEMS 1.26% B 0.39% S 1.24%
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 252 202,902 7487 - Other business activities 82 69,802 82990 - Other business support service activities not elsewhere classified 44 25,053 7414 - Business & management consultancy 35 14,940 9999 - Dormant Company 33 21,484 70229 - Management consultancy activities other than financial management 32 13,161 7499 - Non-trading company 22 13,408 74990 - Non-trading company 20 7,649 99999 - Dormant Company 19 14,072 68100 - Buying and selling of own real estate 19 2,447 98000 - Residents property management 17 3,273 7260 - Other computer related activities 16 8,967 62020 - Information technology consultancy activities 16 8,292 7222 - Other software consultancy and supply 14 8,183 62090 - Other information technology service activities 10 5,716 70100 - Activities of head offices 10 2,768 68209 - Other letting and operating of own or leased real estate 10 3,631 96090 - Other service activities not elsewhere classified 10 7,767 86900 - Other human health activities 9 3,361 6024 - Freight transport by road 9 2,771
Recent Companies
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Randomly selected companies from this quarter
reports
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