Worcester, Worcestershire

2014 Half Year Business Confidence Report

Headlines

  • The first half of 2014 saw a new record in company registrations in Worcester when compared to any previous first half year.
  • The first half of 2014 was a record first half year for company registrations in Worcester when compared to any half year in history.
  • Q2 2014 saw a new record in company registrations in Worcester when compared to any previous Q2.
  • June 2014 saw a new record in company registrations in Worcester when compared to any previous June.
  • April 2014 saw a new record in company registrations in Worcester when compared to any previous April.

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. Half Year Data (Jan-Jun 2014)

    The first half of 2014 saw a new record in company registrations in Worcester when compared to any previous first half year.

    The first half of 2014 was a record first half year for company registrations in Worcester when compared to any half year in history.

    In the first half of 2014 a total of 482 companies were formed in Worcester. This figure is 23.3% higher than last year, which compares well to the UK wide figure of 11.6%.

    The highest total for a first half year in Worcester occurred in 2014 when a total of 482 were formed.

    Half Year (Jan-Jun)WorcesterUK
    2014482300,731
    2013391269,432
    % change23.3%11.6%
    Record Year2014 (482)2014 (300,731)
    New Companies by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    Q2 2014 saw a new record in company registrations in Worcester when compared to any previous Q2.

    A total of 227 companies were registered in Worcester during the second quarter of 2014 (Apr 2014 - Jun 2014).

    This figure is an increase of 22.0% versus the same period last year (Q2 2013). This figure compares well to the UK as a whole, which saw an increase of 11.4% against the same period last year.

    second quarter (Apr 2014 - Jun 2014)WorcesterUK
    2014227150,009
    2013186134,630
    % change22.0%11.4%
    Record Year 2014 (227) 2014 (150,009)
    New Companies by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

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

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

    New Companies by Month
    AprilMayJune
    New companies in 2014746093
    New companies in 2013735756
    % change1.4%5.3%66.1%
    Record Year2014 (74)2003 (73)2014 (93)

Closed Companies (dissolved)

  1. Half Year Data (Jan-Jun 2014)

    In the first half of 2014 a total of 295 companies were dissolved in Worcester. This figure is 1.7% higher than last year, which compares well to the UK wide change of 14.2%.

    The highest total for a first half year in Worcester occurred in 2010 when a total of 414 were closed.

    Half Year (Jan-Jun)WorcesterUK
    2014295177,207
    2013290155,192
    % change1.7%14.2%
    Record Year2010 (414)2009 (289,245)
    Dissolved Companies by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    A total of 187 companies were dissolved in Worcester during the second quarter of 2014 (Apr 2014 - Jun 2014).

    This figure is an increase of 19.1% versus the same period last year (Q2 2013). This figure compares well to the UK as a whole, which saw an increase of 22.7% against the same period last year.

    second quarter (Apr 2014 - Jun 2014)WorcesterUK
    201418794,837
    201315777,278
    % change19.1%22.7%
    Record Year 2010 (216) 2009 (181,179)
    Dissolved Companies by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    Dissolved Companies by Month
    AprilMayJune
    Closed companies in 2014507562
    Closed companies in 2013555349
    % change-9.1%41.5%27%
    Record Year2013 (55)2009 (97)2010 (80)

Net Company Growth

  1. Half Year Data (Jan-Jun 2014)

    In the first half of 2014 the company register for Worcester increased by 187 companies.

    Half Year (Jan-Jun)WorcesterUK
    2014187123,524
    2013101114,240
    Record Year2003 (275)2007 (171,296)
    Net Growth by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    Net company growth for Worcester during the second quarter of 2014 (Apr 2014 - Jun 2014) was 40 companies.

    second quarter (Apr 2014 - Jun 2014)WorcesterUK
    20144055,172
    20132957,352
    Record Year 2007 (120) 2007 (60,014)
    Net Growth by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    Net Growth by Month
    AprilMayJune
    Net growth in 201424-1531
    Net growth in 20131847
    Record Year2007 (55)2003 (58)2003 (49)

UK Company Share

  1. Half Year Data (Jan-Jun 2014)

    In the first half of 2014 Worcester formed 0.2% of all UK companies. This is more than the 2013 figure of 0.1%.

    Half Year (Jan-Jun)Worcester
    20140.2%
    20130.1%
    20120.2%
    20110.2%
    20100.2%
    Record Year (since 1960) 1992 (0.3%)
    Company Share by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

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

    second quarter (Apr 2014 - Jun 2014)Worcester
    20140.2%
    20130.1%
    20120.2%
    20110.2%
    20100.2%
    Record Year (since 1960) 2000 (0.3%)
    Company Share by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    Company Share by Month
    AprilMayJune
    UK formation share in 20140.1%0.1%0.2%
    UK formation share in 20130.1%0.1%0.1%
    % change-8.6%-2.8%43.9%
    Record Year1992 (0.3%)1994 (0.3%)2000 (0.4%)

Director Age

  1. Half Year Data (Jan-Jun 2014)

    The average age of a director in the first half of 2014 was 46.7.

    The percentage of directors under the age of 25 was 6.6% compared to the UK figure of 4.3%.

    The percentage of directors over the age of 65 was 2.0% compared to the UK figure of 3.5%.

    Director Age by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    The average age of a director in the second quarter of 2014 was 46.0.

    The percentage of directors under the age of 25 was 4.8% compared to the UK figure of 3.9%.

    The percentage of directors over the age of 65 was 2.1% compared to the UK figure of 3.6%.

    Director Age by Quarter

Director Gender

  1. Half Year Data (Jan-Jun 2014)

    The record first half year for female directors in Worcester was 2005 when 35.7% of all directors were female.

    31.3% of all director appointments in Worcester in the first half of 2014 were female. This compares to a UK average of 26.1% for the same period.

    Director Gender by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    The record second quarter for female directors in Worcester was in 2008 when 32.9% of all directors were female.

    28.2% of all director appointments in Worcester in the second quarter of 2014 were female. This compares to a UK average of 25.9% for the same period.

    Director Gender by Quarter

Naming Trends

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

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

    wordpercentageuk worduk percentage
    MANAGEMENT2.03%CONSULTING5.16%
    WORCESTER1.54%MANAGEMENT4.64%
    CONSULTING1.19%CONSULTANCY3.50%
    BUSINESS0.91%PROPERTY2.66%
    CONSULTANCY0.91%TRADING2.03%
    SYSTEMS0.63%ENGINEERING1.99%
    PROPERTY0.63%CONSTRUCTION1.93%
    ENGINEERING0.63%LONDON1.93%
    SECURITY0.63%CARE1.85%
    HC0.56%DESIGN1.75%
    MARKETING0.56%CONSULTANTS1.73%
    ELECTRICAL0.49%BUSINESS1.69%
    SECURITIES0.49%PROPERTIES1.63%
    HOLDINGS0.49%TRANSPORT1.58%
    BUILDING0.49%GLOBAL1.55%
    CARE0.49%INVESTMENTS1.55%
    SOCIAL0.42%J1.51%
    M0.42%ASSOCIATES1.48%
    S0.42%MEDIA1.44%
    CONSTRUCTION0.42%ELECTRICAL1.40%
    J0.42%IT1.33%
    (WORCESTER)0.42%DEVELOPMENTS1.33%
    WORCESTERSHIRE0.42%BUILDING1.26%
    THREE0.35%M1.24%
    MEDIA0.35%CO.,1.20%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied299261,557
    99999 - Dormant Company9948,436
    70229 - Management consultancy activities other than financial management7140,250
    82990 - Other business support service activities not elsewhere classified4857,421
    74909 - Other professional, scientific and technical activities not elsewhere classified3719,058
    62020 - Information technology consultancy activities3529,029
    96090 - Other service activities not elsewhere classified3028,352
    56302 - Public houses and bars266,099
    41100 - Development of building projects2210,527
    74990 - Non-trading company2214,351
    86900 - Other human health activities2111,292
    47910 - Retail sale via mail order houses or via Internet209,900
    68209 - Other letting and operating of own or leased real estate1810,133
    49410 - Freight transport by road169,265
    93199 - Other sports activities154,027
    69201 - Accounting and auditing activities147,415
    62012 - Business and domestic software development149,834
    43210 - Electrical installation146,050
    68100 - Buying and selling of own real estate146,413
    98000 - Residents property management145,046

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    09032255 TAYROSS HOMES (SW) LIMITED 09 May 2014
    09033088 EDU GAMING C.I.C. 09 May 2014
    09045913 THEO'S CHICKEN LIMITED 19 May 2014
    09050575 U FONE MEDIA LTD 21 May 2014
    09053981 MYTV LIMITED 23 May 2014
    09063199 ORDER ONLINE LIMITED 30 May 2014
    09022673 CYBERBRANDMEDIA LTD 02 May 2014
    09024945 UK CYBER SECURITY ASSOC LTD 06 May 2014
    09035811 T M BROOKES GAS SERVICES LIMITED 12 May 2014
    09038905 N E CARTER LIMITED 14 May 2014
    09044124 MYPETDETECT LIMITED 16 May 2014
    09028654 NAYASHA PROPERTY MANAGEMENT LIMITED 07 May 2014
    09056448 GREG K TRANS LTD 27 May 2014
    09033555 HARLEY BAKEWELL LIMITED 12 May 2014
    09042601 HONEST BEER LIMITED 15 May 2014
    09021081 THE OUTDOOR COFFEE COMPANY LTD 01 May 2014
    09023986 STARTINYOUNG LTD 06 May 2014
    09052189 JBP INDUSTRIES LTD 22 May 2014
    09056490 CMX INTERNET SOLUTIONS LTD 27 May 2014
    09022703 DINERTECH LIMITED 02 May 2014
    09029572 BLANKSLATE SYSTEMS LIMITED 08 May 2014
    09033174 ADAM DREW BUILDING & GROUNDWORKS LIMITED 09 May 2014
    09038914 RAMSCROFT DEVELOPMENTS LIMITED 14 May 2014
    09023201 DC GTI AUTO REFINISHING LIMITED 02 May 2014
    09030220 LB PUB COMPANY LIMITED 08 May 2014