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
New Company Registrations
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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) Worcester UK 2014 255 150,722 2013 205 134,802 % change 24.4% 11.8% Record Year 2014 (255) 2007 (166,814) New Companies by Quarter
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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
January February March New companies in 2014 85 67 103 New companies in 2013 66 68 71 % change 28.8% -1.5% 45.1% Record Year 2014 (85) 2004 (73) 2014 (103)
Closed Companies (dissolved)
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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) Worcester UK 2014 108 82,370 2013 133 77,914 % change -18.8% 5.7% Record Year 2010 (198) 2009 (108,066) Dissolved Companies by Quarter
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Monthly Data (Jan, Feb & Mar 2014)
Dissolved Companies by Month
January February March Closed companies in 2014 30 43 35 Closed companies in 2013 54 40 39 % change -44.4% 7.5% -10% Record Year 2011 (73) 2010 (73) 2010 (76)
Net Company Growth
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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) Worcester UK 2014 147 68,352 2013 72 56,888 Record Year 2014 (147) 2007 (111,282) Net Growth by Quarter
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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
January February March Net growth in 2014 55 24 68 Net growth in 2013 12 28 32 Record Year 2014 (55) 2012 (42) 2014 (68)
UK Company Share
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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 2014 0.2% 2013 0.2% 2012 0.2% 2011 0.2% 2010 0.2% Record Year (since 1960) 1992 (0.2%) Company Share by Quarter
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Monthly Data (Jan, Feb & Mar 2014)
Company Share by Month
January February March UK formation share in 2014 0.2% 0.1% 0.2% UK formation share in 2013 0.2% 0.2% 0.2% % change 20.5% -9.0% 21.0% Record Year 1992 (0.3%) 1992 (0.3%) 1982 (0.4%)
Director Age
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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
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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
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Previous 12 months (Mar 2013-Mar 2014)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage MANAGEMENT 1.98% CONSULTING 5.22% WORCESTER 1.46% MANAGEMENT 4.67% CONSULTING 1.32% CONSULTANCY 3.49% BUSINESS 0.81% PROPERTY 2.64% CONSULTANCY 0.81% TRADING 2.05% MARKETING 0.66% LONDON 1.88% ENGINEERING 0.66% ENGINEERING 1.86% TRAINING 0.66% CARE 1.79% CONSTRUCTION 0.59% CONSTRUCTION 1.75% HC 0.59% DESIGN 1.75% CARE 0.51% CONSULTANTS 1.73% PROPERTY 0.51% BUSINESS 1.71% WORCESTERSHIRE 0.51% PROPERTIES 1.60% BUILDING 0.51% INVESTMENTS 1.60% SECURITIES 0.51% GLOBAL 1.58% SYSTEMS 0.51% J 1.48% D 0.51% ASSOCIATES 1.48% BLACK 0.44% MEDIA 1.48% COMMERCIAL 0.44% IT 1.33% NETWORK 0.44% TRANSPORT 1.30% B 0.44% DEVELOPMENTS 1.29% S 0.44% BUILDING 1.24% SOCIAL 0.44% M 1.21% HOLDINGS 0.44% CAPITAL 1.20% MALVERN 0.44% ELECTRICAL 1.19%
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 340 280,210 99999 - Dormant Company 101 47,084 70229 - Management consultancy activities other than financial management 64 37,882 82990 - Other business support service activities not elsewhere classified 49 56,411 62020 - Information technology consultancy activities 34 27,750 74909 - Other professional, scientific and technical activities not elsewhere classified 34 18,491 96090 - Other service activities not elsewhere classified 31 26,700 56302 - Public houses and bars 23 5,732 74990 - Non-trading company 23 14,135 86900 - Other human health activities 22 10,273 68100 - Buying and selling of own real estate 20 5,920 41100 - Development of building projects 18 9,855 47910 - Retail sale via mail order houses or via Internet 18 9,358 68209 - Other letting and operating of own or leased real estate 17 9,284 93199 - Other sports activities 15 3,848 69201 - Accounting and auditing activities 15 7,313 62090 - Other information technology service activities 14 12,813 68320 - Management of real estate on a fee or contract basis 13 5,419 47990 - Other retail sale not in stores, stalls or markets 13 5,988 49410 - Freight transport by road 13 8,014
Recent Companies
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Randomly selected companies from this quarter
reports
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