Worcester, Worcestershire
2010 Annual Business Confidence Report
Headlines
- 2010 was a record year for company closures in Worcester when compared to any year in history.
- The second half of 2010 saw a new record in company closures in Worcester when compared to any previous second half year.
Contents
New Company Registrations
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Annual Data (2010)
A total of 654 companies were formed in Worcester in 2010. This total is 16.2% higher than in 2009 and compares favourably to the UK figure of a 10.4% growth compared to 362,675 the previous year.
Year Worcester UK 2010 654 400,358 2009 563 362,675 2008 585 349,203 2007 712 457,649 2006 616 405,440 Record Year 2003 (804) 2007 (457,649) New Companies by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 a total of 302 companies were formed in Worcester. This figure is 17.5% higher than last year, which compares well to the UK wide figure of 8.8%.
The highest total for a second half year in Worcester occurred in 2003 when a total of 407 were formed.
Half Year (Jul-Dec) Worcester UK 2010 302 196,609 2009 257 180,654 % change 17.5% 8.8% Record Year 2003 (407) 2003 (201,446) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
A total of 163 companies were registered in Worcester during the fourth quarter of 2010 (Oct 2010 - Dec 2010).
This figure is an increase of 45.5% versus the same period last year (Q4 2009). This figure compares well to the UK as a whole, which saw an increase of 10.6% against the same period last year.
fourth quarter (Oct 2010 - Dec 2010) Worcester UK 2010 163 95,117 2009 112 85,983 % change 45.5% 10.6% Record Year 2003 (181) 2010 (95,117) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
New Companies by Month
October November December New companies in 2010 52 60 51 New companies in 2009 37 32 43 % change 40.5% 87.5% 18.6% Record Year 2003 (74) 2002 (74) 2005 (59)
Closed Companies (dissolved)
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Annual Data (2010)
2010 was a record year for company closures in Worcester when compared to any year in history.
A total of 729 companies were dissolved in Worcester in 2010. This total is 11.1% higher than in 2009 and compares favourably to the UK figure of 35.9% decrease compared to the previous year.
Year Worcester UK 2010 729 342,232 2009 656 533,773 2008 327 237,901 2007 306 220,295 2006 266 200,166 Record Year 2010 (729) 2009 (533,773) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2010)
The second half of 2010 saw a new record in company closures in Worcester when compared to any previous second half year.
In the second half of 2010 a total of 316 companies were dissolved in Worcester. This figure is 1.6% higher than last year, which compares badly to the UK wide change of -32.7%.
The highest total for a second half year in Worcester occurred in 2010 when a total of 316 were closed.
Half Year (Jul-Dec) Worcester UK 2010 316 164,601 2009 311 244,537 % change 1.6% -32.7% Record Year 2010 (316) 2009 (244,537) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
A total of 110 companies were dissolved in Worcester during the fourth quarter of 2010 (Oct 2010 - Dec 2010).
This figure is a decrease of 34.9% versus the same period last year (Q4 2009). This figure compares well to the UK as a whole, which saw a decrease of 9.7% against the same period last year.
fourth quarter (Oct 2010 - Dec 2010) Worcester UK 2010 110 76,896 2009 169 85,136 % change -34.9% -9.7% Record Year 2009 (169) 2009 (85,136) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
Dissolved Companies by Month
October November December Closed companies in 2010 40 43 27 Closed companies in 2009 48 54 67 % change -16.7% -20.4% -60% Record Year 2009 (48) 2005 (60) 2009 (67)
Net Company Growth
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Annual Data (2010)
A total of -75 companies were removed to the company register for Worcester in 2010. This number represents decline of 13.3% in the total number of active companies, which compares unfavourably to the UK figure of 16.0%.
This number is 18 companies higher than the previous year.
The highest net company growth figure ever seen in one year came in 2003 when the Worcester company register grew by 530 companies.
Year Worcester UK 2010 -75 58,126 2009 -93 -171,098 2008 258 111,302 2007 406 237,354 2006 350 205,274 Record Year 2003 (530) 2003 (242,543) Net Growth by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 the company register for Worcester decreased by 14 companies.
Half Year (Jul-Dec) Worcester UK 2010 -14 32,008 2009 -54 -63,883 Record Year 2000 (277) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
Net company growth for Worcester during the fourth quarter of 2010 (Oct 2010 - Dec 2010) was 53 companies.
fourth quarter (Oct 2010 - Dec 2010) Worcester UK 2010 53 18,221 2009 -57 847 Record Year 2003 (116) 2003 (57,175) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
Net Growth by Month
October November December Net growth in 2010 12 17 24 Net growth in 2009 -11 -22 -24 Record Year 2003 (53) 2000 (52) 2003 (41)
UK Company Share
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Annual Data (2010)
In 2010 Worcester formed 0.2% of all UK companies. This is no change on 2009 when Worcester was responsible for 0.2% of all UK companies.
Year Worcester 2010 0.2% 2009 0.2% 2008 0.2% 2007 0.2% 2006 0.2% Record Year (since 1960) 1975 (0.3%) Company Share by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 Worcester formed 0.2% of all UK companies. This is more than the 2009 figure of 0.1%.
Half Year (Jul-Dec) Worcester 2010 0.2% 2009 0.1% 2008 0.2% 2007 0.2% 2006 0.2% Record Year (since 1960) 1975 (0.4%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
In the fourth quarter of 2010, Worcester formed 0.2% of all UK companies.
fourth quarter (Oct 2010 - Dec 2010) Worcester 2010 0.2% 2009 0.1% 2008 0.2% 2007 0.2% 2006 0.1% Record Year (since 1960) 1975 (0.4%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
Company Share by Month
October November December UK formation share in 2010 0.2% 0.2% 0.2% UK formation share in 2009 0.1% 0.1% 0.2% % change 23.1% 67.7% 12.9% Record Year 1960 (0.6%) 1965 (0.6%) 1968 (0.4%)
Director Age
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Annual Data (2010)
The average age of a director in 2010 was 46.8.
The percentage of directors under the age of 25 was 2.6% compared to the UK figure of 2.5%.
The percentage of directors over the age of 65 was 5.5% compared to the UK figure of 4.5%.
Director Age by Year
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Half Year Data (Jul-Dec 2010)
The average age of a director in the second half of 2010 was 46.4.
The percentage of directors under the age of 25 was 3.5% compared to the UK figure of 2.8%.
The percentage of directors over the age of 65 was 5.5% compared to the UK figure of 4.4%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
The average age of a director in the fourth quarter of 2010 was 46.0.
The percentage of directors under the age of 25 was 5.1% compared to the UK figure of 3.0%.
The percentage of directors over the age of 65 was 4.7% compared to the UK figure of 4.4%.
Director Age by Quarter
Director Gender
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Annual Data (2010)
The record year for female directors in Worcester was 1857 when 36.4% of all directors were female.
The percentage of female directors in Worcester in 2010 was 29.2%. The average for the UK during this time was 26.2%
Director Gender by Year
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Half Year Data (Jul-Dec 2010)
The record second half year for female directors in Worcester was 1860 when 42.9% of all directors were female.
29.2% of all director appointments in Worcester in the second half of 2010 were female. This compares to a UK average of 25.0% for the same period.
Director Gender by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
The record fourth quarter for female directors in Worcester was in 1977 when 31.1% of all directors were female.
32.3% of all director appointments in Worcester in the fourth 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 (Dec 2009-Dec 2010)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage WORCESTER 1.47% CONSULTING 5.06% MANAGEMENT 1.19% MANAGEMENT 5.01% CONSULTANCY 1.19% CONSULTANCY 3.14% HC 1.10% PROPERTY 2.36% CONSULTING 1.10% TRADING 2.11% DESIGN 1.01% ASSOCIATES 1.95% (WORCESTER) 0.92% DESIGN 1.92% ASSOCIATES 0.83% BUSINESS 1.82% CONSULTANTS 0.73% CONSTRUCTION 1.82% PROPERTY 0.73% CONSULTANTS 1.76% DEVELOPMENTS 0.64% MEDIA 1.71% CONSTRUCTION 0.64% ENGINEERING 1.62% TRADING 0.64% LONDON 1.60% ENERGY 0.55% CARE 1.45% PGL 0.55% INVESTMENTS 1.44% ENTERPRISES 0.55% GLOBAL 1.43% GROUP 0.55% J 1.42% CATERING 0.55% IT 1.41% M 0.55% PROPERTIES 1.34% ENGINEERING 0.46% INTERNATIONAL 1.34% BUSINESS 0.46% BUILDING 1.34% MARKETING 0.46% M 1.30% EDUCATION 0.46% ELECTRICAL 1.25% ESTATES 0.46% SYSTEMS 1.24% SYSTEMS 0.46% 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 250 199,572 7487 - Other business activities 67 63,348 82990 - Other business support service activities not elsewhere classified 48 27,550 70229 - Management consultancy activities other than financial management 33 14,505 9999 - Dormant Company 32 20,144 7414 - Business & management consultancy 32 13,474 7499 - Non-trading company 21 12,000 74990 - Non-trading company 21 8,243 99999 - Dormant Company 19 16,285 62020 - Information technology consultancy activities 19 9,177 98000 - Residents property management 17 3,235 68100 - Buying and selling of own real estate 17 2,446 7260 - Other computer related activities 16 8,089 7222 - Other software consultancy and supply 12 7,298 62090 - Other information technology service activities 10 6,330 96090 - Other service activities not elsewhere classified 10 8,799 86900 - Other human health activities 9 3,700 6024 - Freight transport by road 9 2,401 68209 - Other letting and operating of own or leased real estate 9 3,755 70100 - Activities of head offices 9 2,862
Recent Companies
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Randomly selected companies from this quarter
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