Worcester, Worcestershire
2012 Annual Business Confidence Report
Headlines
- Q4 2012 saw a new record in company registrations in Worcester when compared to any previous Q4.
- October 2012 saw a new record in company registrations in Worcester when compared to any previous October.
- October 2012 saw a new record in company closures in Worcester when compared to any previous October.
Contents
New Company Registrations
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Annual Data (2012)
A total of 744 companies were formed in Worcester in 2012. This total is 1.8% lower than in 2011 and compares poorly to the UK figure of a 8.6% growth compared to 452,870 the previous year.
Year Worcester UK 2012 744 491,893 2011 758 452,870 2010 654 400,358 2009 563 362,675 2008 585 349,203 Record Year 2003 (804) 2012 (491,893) New Companies by Year
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Half Year Data (Jul-Dec 2012)
In the second half of 2012 a total of 351 companies were formed in Worcester. This figure is 11.4% lower than last year, which compares badly to the UK wide figure of 6.5%.
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 2012 351 238,743 2011 396 224,135 % change -11.4% 6.5% Record Year 2003 (407) 2012 (238,743) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
Q4 2012 saw a new record in company registrations in Worcester when compared to any previous Q4.
A total of 185 companies were registered in Worcester during the fourth quarter of 2012 (Oct 2012 - Dec 2012).
This figure is an increase of 6.9% versus the same period last year (Q4 2011). This figure compares equally to the UK as a whole, which saw an increase of 9.4% against the same period last year.
fourth quarter (Oct 2012 - Dec 2012) Worcester UK 2012 185 119,875 2011 173 109,623 % change 6.9% 9.4% Record Year 2012 (185) 2012 (119,875) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2012)
October 2012 saw a new record in company registrations in Worcester when compared to any previous October.
New Companies by Month
October November December New companies in 2012 81 53 51 New companies in 2011 63 55 55 % change 28.6% -3.6% -7.3% Record Year 2012 (81) 2002 (74) 2005 (59)
Closed Companies (dissolved)
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Annual Data (2012)
A total of 496 companies were dissolved in Worcester in 2012. This total is 10.5% lower than in 2011 and compares unfavourably to the UK figure of 6.6% decrease compared to the previous year.
Year Worcester UK 2012 496 293,728 2011 554 314,524 2010 730 342,233 2009 655 533,787 2008 327 237,873 Record Year 2010 (730) 2009 (533,787) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2012)
In the second half of 2012 a total of 247 companies were dissolved in Worcester. This figure is 2.8% lower than last year, which compares badly to the UK wide change of -4.1%.
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 2012 247 145,934 2011 254 152,213 % change -2.8% -4.1% Record Year 2010 (316) 2009 (244,543) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
A total of 116 companies were dissolved in Worcester during the fourth quarter of 2012 (Oct 2012 - Dec 2012).
This figure is a decrease of 16.5% versus the same period last year (Q4 2011). This figure compares well to the UK as a whole, which saw a decrease of 12.4% against the same period last year.
fourth quarter (Oct 2012 - Dec 2012) Worcester UK 2012 116 70,026 2011 139 79,983 % change -16.5% -12.4% Record Year 2009 (169) 2009 (85,139) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2012)
October 2012 saw a new record in company closures in Worcester when compared to any previous October.
Dissolved Companies by Month
October November December Closed companies in 2012 48 37 31 Closed companies in 2011 36 55 48 % change 33.3% -32.7% -35% Record Year 2012 (48) 2005 (60) 2009 (67)
Net Company Growth
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Annual Data (2012)
A total of 248 companies were added to the company register for Worcester in 2012. This number represents growth of 32.7% in the total number of active companies, which compares unfavourably to the UK figure of 43.8%.
This number is 44 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 2012 248 198,165 2011 204 138,346 2010 -76 58,125 2009 -92 -171,112 2008 258 111,330 Record Year 2003 (530) 2003 (242,541) Net Growth by Year
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Half Year Data (Jul-Dec 2012)
In the second half of 2012 the company register for Worcester increased by 104 companies.
Half Year (Jul-Dec) Worcester UK 2012 104 92,809 2011 142 71,922 Record Year 2000 (277) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
Net company growth for Worcester during the fourth quarter of 2012 (Oct 2012 - Dec 2012) was 69 companies.
fourth quarter (Oct 2012 - Dec 2012) Worcester UK 2012 69 49,849 2011 34 29,640 Record Year 2003 (116) 2003 (57,175) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2012)
Net Growth by Month
October November December Net growth in 2012 33 16 20 Net growth in 2011 27 0 7 Record Year 2003 (53) 2000 (52) 2003 (41)
UK Company Share
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Annual Data (2012)
In 2012 Worcester formed 0.2% of all UK companies. This is no change on 2011 when Worcester was responsible for 0.2% of all UK companies.
Year Worcester 2012 0.2% 2011 0.2% 2010 0.2% 2009 0.2% 2008 0.2% Record Year (since 1960) 1975 (0.3%) Company Share by Year
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Half Year Data (Jul-Dec 2012)
In the second half of 2012 Worcester formed 0.1% of all UK companies. This is less than the 2011 figure of 0.2%.
Half Year (Jul-Dec) Worcester 2012 0.1% 2011 0.2% 2010 0.2% 2009 0.1% 2008 0.2% Record Year (since 1960) 1975 (0.4%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
In the fourth quarter of 2012, Worcester formed 0.2% of all UK companies.
fourth quarter (Oct 2012 - Dec 2012) Worcester 2012 0.2% 2011 0.2% 2010 0.2% 2009 0.1% 2008 0.2% Record Year (since 1960) 1975 (0.4%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2012)
Company Share by Month
October November December UK formation share in 2012 0.2% 0.1% 0.2% UK formation share in 2011 0.2% 0.1% 0.2% % change 8.0% -8.3% -9.8% Record Year 1960 (0.6%) 1965 (0.6%) 1968 (0.4%)
Director Age
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Annual Data (2012)
The average age of a director in 2012 was 45.6.
The percentage of directors under the age of 25 was 3.6% compared to the UK figure of 3.8%.
The percentage of directors over the age of 65 was 5.3% compared to the UK figure of 4.1%.
Director Age by Year
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Half Year Data (Jul-Dec 2012)
The average age of a director in the second half of 2012 was 44.7.
The percentage of directors under the age of 25 was 4.7% compared to the UK figure of 4.3%.
The percentage of directors over the age of 65 was 4.5% compared to the UK figure of 4.0%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
The average age of a director in the fourth quarter of 2012 was 45.2.
The percentage of directors under the age of 25 was 2.6% compared to the UK figure of 4.4%.
The percentage of directors over the age of 65 was 7.3% compared to the UK figure of 3.9%.
Director Age by Quarter
Director Gender
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Annual Data (2012)
The record year for female directors in Worcester was 1860 when 35.7% of all directors were female.
The percentage of female directors in Worcester in 2012 was 33.6%. The average for the UK during this time was 29.9%
Director Gender by Year
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Half Year Data (Jul-Dec 2012)
The record second half year for female directors in Worcester was 1860 when 42.9% of all directors were female.
25.7% of all director appointments in Worcester in the second half of 2012 were female. This compares to a UK average of 25.5% for the same period.
Director Gender by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
The record fourth quarter for female directors in Worcester was in 1977 when 31.2% of all directors were female.
20.3% of all director appointments in Worcester in the fourth quarter of 2012 were female. This compares to a UK average of 25.3% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Dec 2011-Dec 2012)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage MANAGEMENT 1.75% CONSULTING 5.15% CONSULTING 1.75% MANAGEMENT 4.78% WORCESTER 1.43% CONSULTANCY 3.31% PGL 1.35% PROPERTY 2.40% (WORCESTER) 0.87% TRADING 2.03% HC 0.79% DESIGN 1.86% ASSOCIATES 0.71% ASSOCIATES 1.82% CONSULTANCY 0.71% ENGINEERING 1.79% BUSINESS 0.63% BUSINESS 1.76% PROPERTY 0.63% CONSULTANTS 1.75% MEDIA 0.56% CONSTRUCTION 1.69% ENGINEERING 0.56% LONDON 1.69% SALES 0.56% MEDIA 1.69% PROPERTIES 0.48% GLOBAL 1.59% CONSTRUCTION 0.48% J 1.57% HOLDINGS 0.48% INVESTMENTS 1.46% MARKETING 0.48% IT 1.43% WORCESTERSHIRE 0.48% CARE 1.39% GREEN 0.48% PROPERTIES 1.34% SEVERN 0.48% M 1.26% CARE 0.48% BUILDING 1.23% C 0.40% ENTERPRISES 1.21% PRODUCTS 0.40% TRAINING 1.18% ELECTRICAL 0.40% ELECTRICAL 1.17% LEISURE 0.40% SECURITY 1.17%
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 301 236,139 99999 - Dormant Company 85 40,648 82990 - Other business support service activities not elsewhere classified 64 52,427 70229 - Management consultancy activities other than financial management 54 30,396 74990 - Non-trading company 34 13,808 62020 - Information technology consultancy activities 31 23,256 74909 - Other professional, scientific and technical activities not elsewhere classified 29 15,572 96090 - Other service activities not elsewhere classified 28 22,058 62090 - Other information technology service activities 24 12,291 68100 - Buying and selling of own real estate 20 4,752 86900 - Other human health activities 20 7,866 41100 - Development of building projects 15 7,980 93199 - Other sports activities 14 3,154 56302 - Public houses and bars 13 4,543 70100 - Activities of head offices 13 3,878 47910 - Retail sale via mail order houses or via Internet 13 6,307 47990 - Other retail sale not in stores, stalls or markets 13 4,829 68209 - Other letting and operating of own or leased real estate 12 6,971 43220 - Plumbing, heat and air-conditioning installation 11 4,045 96020 - Hairdressing and other beauty treatment 11 4,759
Recent Companies
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Randomly selected companies from this quarter
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