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

  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. 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.

    YearWorcesterUK
    2012744491,893
    2011758452,870
    2010654400,358
    2009563362,675
    2008585349,203
    Record Year2003 (804)2012 (491,893)
    New Companies by Year
  2. 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)WorcesterUK
    2012351238,743
    2011396224,135
    % change-11.4%6.5%
    Record Year2003 (407)2012 (238,743)
    New Companies by Half Year
  3. 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)WorcesterUK
    2012185119,875
    2011173109,623
    % change6.9%9.4%
    Record Year 2012 (185) 2012 (119,875)
    New Companies by Quarter
  4. 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
    OctoberNovemberDecember
    New companies in 2012815351
    New companies in 2011635555
    % change28.6%-3.6%-7.3%
    Record Year2012 (81)2002 (74)2005 (59)

Closed Companies (dissolved)

  1. 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.

    YearWorcesterUK
    2012496293,728
    2011554314,524
    2010730342,233
    2009655533,787
    2008327237,873
    Record Year2010 (730)2009 (533,787)
    Dissolved Companies by Year
  2. 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)WorcesterUK
    2012247145,934
    2011254152,213
    % change-2.8%-4.1%
    Record Year2010 (316)2009 (244,543)
    Dissolved Companies by Half Year
  3. 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)WorcesterUK
    201211670,026
    201113979,983
    % change-16.5%-12.4%
    Record Year 2009 (169) 2009 (85,139)
    Dissolved Companies by Quarter
  4. 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
    OctoberNovemberDecember
    Closed companies in 2012483731
    Closed companies in 2011365548
    % change33.3%-32.7%-35%
    Record Year2012 (48)2005 (60)2009 (67)

Net Company Growth

  1. 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.

    YearWorcesterUK
    2012248198,165
    2011204138,346
    2010-7658,125
    2009-92-171,112
    2008258111,330
    Record Year2003 (530)2003 (242,541)
    Net Growth by Year
  2. 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)WorcesterUK
    201210492,809
    201114271,922
    Record Year2000 (277)2003 (117,772)
    Net Growth by Half Year
  3. 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)WorcesterUK
    20126949,849
    20113429,640
    Record Year 2003 (116) 2003 (57,175)
    Net Growth by Quarter
  4. Monthly Data (Oct, Nov & Dec 2012)

    Net Growth by Month
    OctoberNovemberDecember
    Net growth in 2012331620
    Net growth in 20112707
    Record Year2003 (53)2000 (52)2003 (41)

UK Company Share

  1. 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.

    YearWorcester
    20120.2%
    20110.2%
    20100.2%
    20090.2%
    20080.2%
    Record Year (since 1960)1975 (0.3%)
    Company Share by Year
  2. 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
    20120.1%
    20110.2%
    20100.2%
    20090.1%
    20080.2%
    Record Year (since 1960) 1975 (0.4%)
    Company Share by Half Year
  3. 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
    20120.2%
    20110.2%
    20100.2%
    20090.1%
    20080.2%
    Record Year (since 1960) 1975 (0.4%)
    Company Share by Quarter
  4. Monthly Data (Oct, Nov & Dec 2012)

    Company Share by Month
    OctoberNovemberDecember
    UK formation share in 20120.2%0.1%0.2%
    UK formation share in 20110.2%0.1%0.2%
    % change8.0%-8.3%-9.8%
    Record Year1960 (0.6%)1965 (0.6%)1968 (0.4%)

Director Age

  1. 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
  2. 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
  3. 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

  1. 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
  2. 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
  3. 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

  1. Previous 12 months (Dec 2011-Dec 2012)

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

    wordpercentageuk worduk percentage
    MANAGEMENT1.75%CONSULTING5.15%
    CONSULTING1.75%MANAGEMENT4.78%
    WORCESTER1.43%CONSULTANCY3.31%
    PGL1.35%PROPERTY2.40%
    (WORCESTER)0.87%TRADING2.03%
    HC0.79%DESIGN1.86%
    ASSOCIATES0.71%ASSOCIATES1.82%
    CONSULTANCY0.71%ENGINEERING1.79%
    BUSINESS0.63%BUSINESS1.76%
    PROPERTY0.63%CONSULTANTS1.75%
    MEDIA0.56%CONSTRUCTION1.69%
    ENGINEERING0.56%LONDON1.69%
    SALES0.56%MEDIA1.69%
    PROPERTIES0.48%GLOBAL1.59%
    CONSTRUCTION0.48%J1.57%
    HOLDINGS0.48%INVESTMENTS1.46%
    MARKETING0.48%IT1.43%
    WORCESTERSHIRE0.48%CARE1.39%
    GREEN0.48%PROPERTIES1.34%
    SEVERN0.48%M1.26%
    CARE0.48%BUILDING1.23%
    C0.40%ENTERPRISES1.21%
    PRODUCTS0.40%TRAINING1.18%
    ELECTRICAL0.40%ELECTRICAL1.17%
    LEISURE0.40%SECURITY1.17%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied301236,139
    99999 - Dormant Company8540,648
    82990 - Other business support service activities not elsewhere classified6452,427
    70229 - Management consultancy activities other than financial management5430,396
    74990 - Non-trading company3413,808
    62020 - Information technology consultancy activities3123,256
    74909 - Other professional, scientific and technical activities not elsewhere classified2915,572
    96090 - Other service activities not elsewhere classified2822,058
    62090 - Other information technology service activities2412,291
    68100 - Buying and selling of own real estate204,752
    86900 - Other human health activities207,866
    41100 - Development of building projects157,980
    93199 - Other sports activities143,154
    56302 - Public houses and bars134,543
    70100 - Activities of head offices133,878
    47910 - Retail sale via mail order houses or via Internet136,307
    47990 - Other retail sale not in stores, stalls or markets134,829
    68209 - Other letting and operating of own or leased real estate126,971
    43220 - Plumbing, heat and air-conditioning installation114,045
    96020 - Hairdressing and other beauty treatment114,759

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    08249912 SOLUTION BUILDERS (2012) LIMITED 11 Oct 2012
    08258400 TUBE STEEL FABRICATIONS LIMITED 18 Oct 2012
    08264983 PREPACK SYSTEMS LIMITED 23 Oct 2012
    OC379798 ANDREWS NEWS LLP 30 Oct 2012
    08275371 N & M BUSINESS SERVICES LIMITED 31 Oct 2012
    08265513 STOKE WORKS METALS LIMITED 23 Oct 2012
    08236462 CUSTOMER FIRST ORGANISATION LIMITED 02 Oct 2012
    08239727 BM ENGINEERING CONSULTANTS LIMITED 04 Oct 2012
    08244366 M.E.L.T. LOGISTICS LTD 08 Oct 2012
    08247028 BITS 'N' PC'SUK LIMITED 10 Oct 2012
    08266630 DEKE HOLDINGS LIMITED 24 Oct 2012
    08235282 THE PHEASANT WORCESTER LIMITED 01 Oct 2012
    08235415 OBSEQUIUM LIMITED 01 Oct 2012
    08251917 BOB'S BBQ AND PIZZA LIMITED 12 Oct 2012
    08258732 CREATIVE ALUMINIUM LTD 18 Oct 2012
    08268698 AUTOMATE ENGINEERING SERVICES LTD 25 Oct 2012
    08268925 STONE VP (TRAVEL) LIMITED 25 Oct 2012
    08268955 PGL (109) LIMITED 25 Oct 2012
    08269056 PGL (112) LIMITED 25 Oct 2012
    08269098 PGL (113) LIMITED 25 Oct 2012
    08269374 PGL (119) LIMITED 26 Oct 2012
    08269508 PGL (121) LIMITED 26 Oct 2012
    08234294 NIC TUDGE LIMITED 01 Oct 2012
    08260690 DISHLEY LIMITED 19 Oct 2012
    08244085 B P CHARIOT LTD 08 Oct 2012