Worcester, Worcestershire
Q1 2011 Business Confidence Report
Headlines
- January 2011 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 2011)
A total of 183 companies were registered in Worcester during the first quarter of 2011 (Jan 2011 - Mar 2011).
This figure is a decrease of 6.6% versus the same period last year (Q1 2010). This figure compares badly to the UK as a whole, which saw an increase of 10.7% against the same period last year.
first quarter (Jan 2011 - Mar 2011) Worcester UK 2011 183 116,391 2010 196 105,137 % change -6.6% 10.7% Record Year 2007 (234) 2007 (166,814) New Companies by Quarter
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Monthly Data (Jan, Feb & Mar 2011)
New Companies by Month
January February March New companies in 2011 54 56 73 New companies in 2010 59 51 86 % change -8.5% 9.8% -15.1% Record Year 2007 (69) 2004 (73) 2007 (95)
Closed Companies (dissolved)
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Quarterly Data (Q1 Jan-Mar 2011)
A total of 161 companies were dissolved in Worcester during the first quarter of 2011 (Jan 2011 - Mar 2011).
This figure is a decrease of 18.7% versus the same period last year (Q1 2010). This figure compares well to the UK as a whole, which saw an increase of 10.0% against the same period last year.
first quarter (Jan 2011 - Mar 2011) Worcester UK 2011 161 90,986 2010 198 82,677 % change -18.7% 10.0% Record Year 2010 (198) 2009 (108,060) Dissolved Companies by Quarter
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Monthly Data (Jan, Feb & Mar 2011)
January 2011 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 2011 73 35 53 Closed companies in 2010 49 73 76 % change 49.0% -52.1% -30% Record Year 2011 (73) 2010 (73) 2010 (76)
Net Company Growth
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Quarterly Data (Q1 Jan-Mar 2011)
Net company growth for Worcester during the first quarter of 2011 (Jan 2011 - Mar 2011) was 22 companies.
first quarter (Jan 2011 - Mar 2011) Worcester UK 2011 22 25,405 2010 -2 22,460 Record Year 2007 (138) 2007 (111,282) Net Growth by Quarter
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Monthly Data (Jan, Feb & Mar 2011)
Net Growth by Month
January February March Net growth in 2011 -19 21 20 Net growth in 2010 10 -22 10 Record Year 2008 (46) 2001 (41) 2007 (68)
UK Company Share
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Quarterly Data (Q1 Jan-Mar 2011)
In the first quarter of 2011, Worcester formed 0.2% of all UK companies.
first quarter (Jan 2011 - Mar 2011) Worcester 2011 0.2% 2010 0.2% 2009 0.2% 2008 0.2% 2007 0.1% Record Year (since 1960) 1964 (0.4%) Company Share by Quarter
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Monthly Data (Jan, Feb & Mar 2011)
Company Share by Month
January February March UK formation share in 2011 0.2% 0.1% 0.2% UK formation share in 2010 0.2% 0.2% 0.2% % change -21.0% -3.4% -19.0% Record Year 1975 (0.5%) 1969 (0.9%) 1964 (0.6%)
Director Age
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Quarterly Data (Q1 Jan-Mar 2011)
The average age of a director in the first quarter of 2011 was 46.2.
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 6.7% compared to the UK figure of 4.3%.
Director Age by Quarter
Director Gender
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Quarterly Data (Q1 Jan-Mar 2011)
The record first quarter for female directors in Worcester was in 1861 when 40.0% of all directors were female.
26.5% of all director appointments in Worcester in the first quarter of 2011 were female. This compares to a UK average of 25.4% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Mar 2010-Mar 2011)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage WORCESTER 1.76% CONSULTING 5.04% MANAGEMENT 1.20% MANAGEMENT 4.97% HC 1.02% CONSULTANCY 3.16% DESIGN 1.02% PROPERTY 2.38% CONSULTANCY 0.93% TRADING 2.10% CONSULTING 0.93% DESIGN 1.93% CONSTRUCTION 0.93% ASSOCIATES 1.92% ASSOCIATES 0.83% BUSINESS 1.87% (WORCESTER) 0.74% CONSTRUCTION 1.80% CARE 0.74% CONSULTANTS 1.76% BUSINESS 0.74% MEDIA 1.69% BUILDING 0.65% ENGINEERING 1.61% DEVELOPMENTS 0.65% LONDON 1.60% EDUCATION 0.65% CARE 1.45% CATERING 0.56% J 1.45% PGL 0.56% GLOBAL 1.44% CONSULTANTS 0.56% INVESTMENTS 1.43% M 0.56% IT 1.41% ENGINEERING 0.56% PROPERTIES 1.36% CIC 0.46% BUILDING 1.34% KITCHENS 0.46% M 1.30% TRADING 0.46% ELECTRICAL 1.28% PROPERTY 0.46% S 1.24% MARKETING 0.46% INTERNATIONAL 1.23% G 0.46% SYSTEMS 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 261 202,798 7487 - Other business activities 62 60,968 82990 - Other business support service activities not elsewhere classified 54 30,253 70229 - Management consultancy activities other than financial management 33 16,150 9999 - Dormant Company 32 19,765 7414 - Business & management consultancy 30 12,916 99999 - Dormant Company 27 18,336 62020 - Information technology consultancy activities 23 10,246 74990 - Non-trading company 21 8,695 7499 - Non-trading company 20 11,316 7260 - Other computer related activities 15 7,789 68100 - Buying and selling of own real estate 15 2,528 62090 - Other information technology service activities 12 6,996 98000 - Residents property management 11 3,154 86900 - Other human health activities 11 4,092 96090 - Other service activities not elsewhere classified 11 10,085 7222 - Other software consultancy and supply 11 7,000 70100 - Activities of head offices 11 2,849 68209 - Other letting and operating of own or leased real estate 10 3,895 41202 - Construction of domestic buildings 9 2,290
Recent Companies
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Randomly selected companies from this quarter
reports
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