Worcester, Worcestershire
2013 Annual Business Confidence Report
NOTICE: We have improved our calculations of the statistics in these reports, so some figures and records may not match previous reports.
Headlines
- December 2013 saw a new record in company closures in Worcester when compared to any previous December.
Contents
New Company Registrations
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Annual Data (2013)
A total of 766 companies were formed in Worcester in 2013. This total is 3.1% higher than in 2012 and compares poorly to the UK figure of a 7.6% growth compared to 491,893 the previous year.
Year Worcester UK 2013 766 529,363 2012 743 491,893 2011 758 452,870 2010 654 400,358 2009 563 362,675 Record Year 2013 (766) 2013 (529,363) New Companies by Year
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Half Year Data (Jul-Dec 2013)
In the second half of 2013 a total of 375 companies were formed in Worcester. This figure is 7.1% higher than last year, which compares badly to the UK wide figure of 8.9%.
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 2013 375 259,931 2012 350 238,743 % change 7.1% 8.9% Record Year 2003 (407) 2013 (259,931) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
A total of 184 companies were registered in Worcester during the fourth quarter of 2013 (Oct 2013 - Dec 2013).
This figure is a difference of 0.0% versus the same period last year (Q4 2012). This figure compares badly to the UK as a whole, which saw an increase of 6.1% against the same period last year.
fourth quarter (Oct 2013 - Dec 2013) Worcester UK 2013 184 127,247 2012 184 119,875 % change 0.0% 6.1% Record Year 2012 (184) 2013 (127,247) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2013)
New Companies by Month
October November December New companies in 2013 78 57 49 New companies in 2012 81 53 50 % change -3.7% 7.5% -2.0% Record Year 2012 (81) 2002 (74) 2005 (59)
Closed Companies (dissolved)
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Annual Data (2013)
A total of 590 companies were dissolved in Worcester in 2013. This total is 19.0% higher than in 2012 and compares favourably to the UK figure of 13.1% growth compared to the previous year.
Year Worcester UK 2013 590 332,213 2012 496 293,729 2011 554 314,524 2010 730 342,233 2009 655 533,789 Record Year 2010 (730) 2009 (533,789) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2013)
In the second half of 2013 a total of 300 companies were dissolved in Worcester. This figure is 21.5% higher than last year, which compares badly to the UK wide change of 21.3%.
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 2013 300 177,021 2012 247 145,935 % change 21.5% 21.3% Record Year 2010 (316) 2009 (244,544) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
A total of 159 companies were dissolved in Worcester during the fourth quarter of 2013 (Oct 2013 - Dec 2013).
This figure is an increase of 37.1% versus the same period last year (Q4 2012). This figure compares poorly to the UK as a whole, which saw an increase of 29.7% against the same period last year.
fourth quarter (Oct 2013 - Dec 2013) Worcester UK 2013 159 90,851 2012 116 70,027 % change 37.1% 29.7% Record Year 2009 (169) 2013 (90,851) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2013)
December 2013 saw a new record in company closures in Worcester when compared to any previous December.
Dissolved Companies by Month
October November December Closed companies in 2013 45 38 76 Closed companies in 2012 48 37 31 % change -6.3% 2.7% 145% Record Year 2009 (48) 2005 (60) 2013 (76)
Net Company Growth
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Annual Data (2013)
A total of 176 companies were added to the company register for Worcester in 2013. This number represents growth of 23.0% in the total number of active companies, which compares unfavourably to the UK figure of 37.2%.
This number is 71 companies lower than the previous year.
The highest net company growth figure ever seen in one year came in 2007 when the Worcester company register grew by 406 companies.
Year Worcester UK 2013 176 197,150 2012 247 198,164 2011 204 138,346 2010 -76 58,125 2009 -92 -171,114 Record Year 2007 (406) 2007 (237,353) Net Growth by Year
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Half Year Data (Jul-Dec 2013)
In the second half of 2013 the company register for Worcester increased by 75 companies.
Half Year (Jul-Dec) Worcester UK 2013 75 82,910 2012 103 92,808 Record Year 2000 (277) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
Net company growth for Worcester during the fourth quarter of 2013 (Oct 2013 - Dec 2013) was 25 companies.
fourth quarter (Oct 2013 - Dec 2013) Worcester UK 2013 25 36,396 2012 68 49,848 Record Year 2007 (85) 2012 (49,848) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2013)
Net Growth by Month
October November December Net growth in 2013 33 19 -27 Net growth in 2012 33 16 19 Record Year 2003 (53) 2000 (52) 2003 (41)
UK Company Share
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Annual Data (2013)
In 2013 Worcester formed 0.1% of all UK companies. This is a decline on 2012 when Worcester was responsible for 0.2% of all UK companies.
Year Worcester 2013 0.1% 2012 0.2% 2011 0.2% 2010 0.2% 2009 0.2% Record Year (since 1960) 2000 (0.3%) Company Share by Year
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Half Year Data (Jul-Dec 2013)
In the second half of 2013 Worcester formed 0.1% of all UK companies. This is the same as the 2012 figure of 0.1%.
Half Year (Jul-Dec) Worcester 2013 0.1% 2012 0.1% 2011 0.2% 2010 0.2% 2009 0.1% Record Year (since 1960) 2000 (0.3%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
In the fourth quarter of 2013, Worcester formed 0.1% of all UK companies.
fourth quarter (Oct 2013 - Dec 2013) Worcester 2013 0.1% 2012 0.2% 2011 0.2% 2010 0.2% 2009 0.1% Record Year (since 1960) 1990 (0.3%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2013)
Company Share by Month
October November December UK formation share in 2013 0.2% 0.1% 0.1% UK formation share in 2012 0.2% 0.1% 0.2% % change -10.5% 5.7% -10.9% Record Year 1991 (0.3%) 1990 (0.4%) 1996 (0.3%)
Director Age
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Annual Data (2013)
The average age of a director in 2013 was 46.9.
The percentage of directors under the age of 25 was 5.9% compared to the UK figure of 3.9%.
The percentage of directors over the age of 65 was 1.8% compared to the UK figure of 4.2%.
Director Age by Year
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Half Year Data (Jul-Dec 2013)
The average age of a director in the second half of 2013 was 46.9.
The percentage of directors under the age of 25 was 5.7% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 2.1% compared to the UK figure of 4.8%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
The average age of a director in the fourth quarter of 2013 was 46.3.
The percentage of directors under the age of 25 was 5.0% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 1.4% compared to the UK figure of 5.1%.
Director Age by Quarter
Director Gender
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Annual Data (2013)
The record year for female directors in Worcester was 1975 when 100.0% of all directors were female.
The percentage of female directors in Worcester in 2013 was 27.8%. The average for the UK during this time was 26.0%
Director Gender by Year
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Half Year Data (Jul-Dec 2013)
The record second half year for female directors in Worcester was 2004 when 33.9% of all directors were female.
28.8% of all director appointments in Worcester in the second half of 2013 were female. This compares to a UK average of 25.9% for the same period.
Director Gender by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
The record fourth quarter for female directors in Worcester was in 2006 when 35.4% of all directors were female.
29.1% of all director appointments in Worcester in the fourth quarter of 2013 were female. This compares to a UK average of 25.6% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Dec 2012-Dec 2013)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage WORCESTER 1.70% CONSULTING 5.22% MANAGEMENT 1.70% MANAGEMENT 4.72% CONSULTING 1.24% CONSULTANCY 3.45% CONSULTANCY 0.93% PROPERTY 2.59% MEDIA 0.77% TRADING 2.08% (WORCESTER) 0.77% ENGINEERING 1.87% PROPERTY 0.70% LONDON 1.86% SYSTEMS 0.70% DESIGN 1.76% TRAINING 0.62% CONSTRUCTION 1.73% BUILDING 0.62% CARE 1.73% PGL 0.54% BUSINESS 1.71% HOUSE 0.54% CONSULTANTS 1.68% SECURITIES 0.54% GLOBAL 1.58% CONSTRUCTION 0.54% INVESTMENTS 1.56% ENGINEERING 0.54% PROPERTIES 1.54% WORCESTERSHIRE 0.46% ASSOCIATES 1.53% NETWORK 0.46% J 1.51% D 0.46% MEDIA 1.50% BUSINESS 0.46% IT 1.35% DESIGN 0.46% DEVELOPMENTS 1.23% CARE 0.46% M 1.23% HC 0.46% BUILDING 1.21% MALVERN 0.46% ELECTRICAL 1.20% ASSOCIATES 0.46% CAPITAL 1.19% EDUCATION 0.39% ENERGY 1.14%
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 321 266,814 99999 - Dormant Company 89 46,762 70229 - Management consultancy activities other than financial management 64 36,164 82990 - Other business support service activities not elsewhere classified 53 55,342 74909 - Other professional, scientific and technical activities not elsewhere classified 35 18,034 62020 - Information technology consultancy activities 33 27,183 96090 - Other service activities not elsewhere classified 31 26,001 86900 - Other human health activities 23 9,543 56302 - Public houses and bars 23 5,503 74990 - Non-trading company 22 14,223 41100 - Development of building projects 18 9,485 68209 - Other letting and operating of own or leased real estate 17 8,733 68100 - Buying and selling of own real estate 17 5,656 93199 - Other sports activities 17 3,723 47910 - Retail sale via mail order houses or via Internet 17 8,879 62090 - Other information technology service activities 16 12,511 47990 - Other retail sale not in stores, stalls or markets 15 5,800 49410 - Freight transport by road 13 7,333 68320 - Management of real estate on a fee or contract basis 13 5,236 70100 - Activities of head offices 13 3,944
Recent Companies
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Randomly selected companies from this quarter
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