Worcester, Worcestershire

Q1 2014 Business Confidence Report

Headlines

  • Q1 2014 saw a new record in company registrations in Worcester when compared to any previous Q1.
  • Q1 2014 was a record quarter for company registrations in Worcester when compared to any quarter in history.
  • March 2014 saw a new record in company registrations in Worcester when compared to any previous March.
  • March 2014 was a record month for company registrations in Worcester when compared to any month in history.
  • January 2014 saw a new record in company registrations in Worcester when compared to any previous January.
  • January 2014 saw a new record in net growth in Worcester when compared to any previous January.

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. Quarterly Data (Q1 Jan-Mar 2014)

    Q1 2014 saw a new record in company registrations in Worcester when compared to any previous Q1.

    Q1 2014 was a record quarter for company registrations in Worcester when compared to any quarter in history.

    A total of 255 companies were registered in Worcester during the first quarter of 2014 (Jan 2014 - Mar 2014).

    This figure is an increase of 24.4% versus the same period last year (Q1 2013). This figure compares well to the UK as a whole, which saw an increase of 11.8% against the same period last year.

    first quarter (Jan 2014 - Mar 2014)WorcesterUK
    2014255150,722
    2013205134,802
    % change24.4%11.8%
    Record Year 2014 (255) 2007 (166,814)
    New Companies by Quarter
  2. Monthly Data (Jan, Feb & Mar 2014)

    March 2014 saw a new record in company registrations in Worcester when compared to any previous March.

    March 2014 was a record month for company registrations in Worcester when compared to any month in history.

    January 2014 saw a new record in company registrations in Worcester when compared to any previous January.

    New Companies by Month
    JanuaryFebruaryMarch
    New companies in 20148567103
    New companies in 2013666871
    % change28.8%-1.5%45.1%
    Record Year2014 (85)2004 (73)2014 (103)

Closed Companies (dissolved)

  1. Quarterly Data (Q1 Jan-Mar 2014)

    A total of 108 companies were dissolved in Worcester during the first quarter of 2014 (Jan 2014 - Mar 2014).

    This figure is a decrease of 18.8% versus the same period last year (Q1 2013). This figure compares well to the UK as a whole, which saw an increase of 5.7% against the same period last year.

    first quarter (Jan 2014 - Mar 2014)WorcesterUK
    201410882,370
    201313377,914
    % change-18.8%5.7%
    Record Year 2010 (198) 2009 (108,066)
    Dissolved Companies by Quarter
  2. Monthly Data (Jan, Feb & Mar 2014)

    Dissolved Companies by Month
    JanuaryFebruaryMarch
    Closed companies in 2014304335
    Closed companies in 2013544039
    % change-44.4%7.5%-10%
    Record Year2011 (73)2010 (73)2010 (76)

Net Company Growth

  1. Quarterly Data (Q1 Jan-Mar 2014)

    Net company growth for Worcester during the first quarter of 2014 (Jan 2014 - Mar 2014) was 147 companies.

    first quarter (Jan 2014 - Mar 2014)WorcesterUK
    201414768,352
    20137256,888
    Record Year 2014 (147) 2007 (111,282)
    Net Growth by Quarter
  2. Monthly Data (Jan, Feb & Mar 2014)

    January 2014 saw a new record in net growth in Worcester when compared to any previous January.

    Net Growth by Month
    JanuaryFebruaryMarch
    Net growth in 2014552468
    Net growth in 2013122832
    Record Year2014 (55)2012 (42)2014 (68)

UK Company Share

  1. Quarterly Data (Q1 Jan-Mar 2014)

    In the first quarter of 2014, Worcester formed 0.2% of all UK companies.

    first quarter (Jan 2014 - Mar 2014)Worcester
    20140.2%
    20130.2%
    20120.2%
    20110.2%
    20100.2%
    Record Year (since 1960) 1992 (0.2%)
    Company Share by Quarter
  2. Monthly Data (Jan, Feb & Mar 2014)

    Company Share by Month
    JanuaryFebruaryMarch
    UK formation share in 20140.2%0.1%0.2%
    UK formation share in 20130.2%0.2%0.2%
    % change20.5%-9.0%21.0%
    Record Year1992 (0.3%)1992 (0.3%)1982 (0.4%)

Director Age

  1. Quarterly Data (Q1 Jan-Mar 2014)

    The average age of a director in the first quarter of 2014 was 47.5.

    The percentage of directors under the age of 25 was 8.4% compared to the UK figure of 4.6%.

    The percentage of directors over the age of 65 was 1.9% compared to the UK figure of 3.5%.

    Director Age by Quarter

Director Gender

  1. Quarterly Data (Q1 Jan-Mar 2014)

    The record first quarter for female directors in Worcester was in 2005 when 39.8% of all directors were female.

    34.3% of all director appointments in Worcester in the first quarter of 2014 were female. This compares to a UK average of 26.4% for the same period.

    Director Gender by Quarter

Naming Trends

  1. Previous 12 months (Mar 2013-Mar 2014)

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

    wordpercentageuk worduk percentage
    MANAGEMENT1.98%CONSULTING5.22%
    WORCESTER1.46%MANAGEMENT4.67%
    CONSULTING1.32%CONSULTANCY3.49%
    BUSINESS0.81%PROPERTY2.64%
    CONSULTANCY0.81%TRADING2.05%
    MARKETING0.66%LONDON1.88%
    ENGINEERING0.66%ENGINEERING1.86%
    TRAINING0.66%CARE1.79%
    CONSTRUCTION0.59%CONSTRUCTION1.75%
    HC0.59%DESIGN1.75%
    CARE0.51%CONSULTANTS1.73%
    PROPERTY0.51%BUSINESS1.71%
    WORCESTERSHIRE0.51%PROPERTIES1.60%
    BUILDING0.51%INVESTMENTS1.60%
    SECURITIES0.51%GLOBAL1.58%
    SYSTEMS0.51%J1.48%
    D0.51%ASSOCIATES1.48%
    BLACK0.44%MEDIA1.48%
    COMMERCIAL0.44%IT1.33%
    NETWORK0.44%TRANSPORT1.30%
    B0.44%DEVELOPMENTS1.29%
    S0.44%BUILDING1.24%
    SOCIAL0.44%M1.21%
    HOLDINGS0.44%CAPITAL1.20%
    MALVERN0.44%ELECTRICAL1.19%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied340280,210
    99999 - Dormant Company10147,084
    70229 - Management consultancy activities other than financial management6437,882
    82990 - Other business support service activities not elsewhere classified4956,411
    62020 - Information technology consultancy activities3427,750
    74909 - Other professional, scientific and technical activities not elsewhere classified3418,491
    96090 - Other service activities not elsewhere classified3126,700
    56302 - Public houses and bars235,732
    74990 - Non-trading company2314,135
    86900 - Other human health activities2210,273
    68100 - Buying and selling of own real estate205,920
    41100 - Development of building projects189,855
    47910 - Retail sale via mail order houses or via Internet189,358
    68209 - Other letting and operating of own or leased real estate179,284
    93199 - Other sports activities153,848
    69201 - Accounting and auditing activities157,313
    62090 - Other information technology service activities1412,813
    68320 - Management of real estate on a fee or contract basis135,419
    47990 - Other retail sale not in stores, stalls or markets135,988
    49410 - Freight transport by road138,014

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    08882346 C S CARE LTD 07 Feb 2014
    08886939 BARELY USED BABY STUFF C.I.C. 11 Feb 2014
    08891851 MARKETING AND DATA ANALYZE LTD 12 Feb 2014
    08894870 IPSUM CONTRACTS LIMITED 14 Feb 2014
    08904985 13213 SOLUTIONS LIMITED 20 Feb 2014
    08878226 RICHMOND COURT APARTMENTS LIMITED 05 Feb 2014
    08878924 WORCESTERSHIRE ENTERPRISE LIMITED 06 Feb 2014
    08879394 IT'S SEW JEMIMA BOO LIMITED 06 Feb 2014
    08881976 CARE CERAMICS CIC 07 Feb 2014
    08898587 DECO PAINTING & DECORATING LIMITED 17 Feb 2014
    08906092 JAGODA TRANS LIMITED 21 Feb 2014
    08915228 LED COMMERCIAL LTD 27 Feb 2014
    08885561 BILFORD PUB CO LTD. 11 Feb 2014
    08900369 ENINGAN LIMITED 18 Feb 2014
    08900869 SKAS SOLUTIONS LIMITED 18 Feb 2014
    08905918 DROITWICH SPA BUILDERS & MAINTENANCE CONTRACTS LTD 21 Feb 2014
    08911043 NAJWA (UK) LTD 25 Feb 2014
    08873364 S C BENJAMIN LTD 03 Feb 2014
    08882335 NOVATURIENT LTD 07 Feb 2014
    08900332 AREA 7 KARTING LTD 18 Feb 2014
    08873370 ANDREW GREGORY PARTNERSHIP LTD 03 Feb 2014
    OC390942 HENWICK VETS LLP 06 Feb 2014
    08894780 ASSET MIGRATION SERVICES LIMITED 14 Feb 2014
    08900346 CROXCON LTD 18 Feb 2014
    08910148 LAWRENCE AND SONS BUILDING LTD 25 Feb 2014