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
New Company Registrations
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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) Worcester UK 2014 482 300,731 2013 391 269,432 % change 23.3% 11.6% Record Year 2014 (482) 2014 (300,731) New Companies by Half Year
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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) Worcester UK 2014 227 150,009 2013 186 134,630 % change 22.0% 11.4% Record Year 2014 (227) 2014 (150,009) New Companies by Quarter
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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
April May June New companies in 2014 74 60 93 New companies in 2013 73 57 56 % change 1.4% 5.3% 66.1% Record Year 2014 (74) 2003 (73) 2014 (93)
Closed Companies (dissolved)
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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) Worcester UK 2014 295 177,207 2013 290 155,192 % change 1.7% 14.2% Record Year 2010 (414) 2009 (289,245) Dissolved Companies by Half Year
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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) Worcester UK 2014 187 94,837 2013 157 77,278 % change 19.1% 22.7% Record Year 2010 (216) 2009 (181,179) Dissolved Companies by Quarter
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Monthly Data (Apr, May & Jun 2014)
Dissolved Companies by Month
April May June Closed companies in 2014 50 75 62 Closed companies in 2013 55 53 49 % change -9.1% 41.5% 27% Record Year 2013 (55) 2009 (97) 2010 (80)
Net Company Growth
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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) Worcester UK 2014 187 123,524 2013 101 114,240 Record Year 2003 (275) 2007 (171,296) Net Growth by Half Year
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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) Worcester UK 2014 40 55,172 2013 29 57,352 Record Year 2007 (120) 2007 (60,014) Net Growth by Quarter
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Monthly Data (Apr, May & Jun 2014)
Net Growth by Month
April May June Net growth in 2014 24 -15 31 Net growth in 2013 18 4 7 Record Year 2007 (55) 2003 (58) 2003 (49)
UK Company Share
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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 2014 0.2% 2013 0.1% 2012 0.2% 2011 0.2% 2010 0.2% Record Year (since 1960) 1992 (0.3%) Company Share by Half Year
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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 2014 0.2% 2013 0.1% 2012 0.2% 2011 0.2% 2010 0.2% Record Year (since 1960) 2000 (0.3%) Company Share by Quarter
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Monthly Data (Apr, May & Jun 2014)
Company Share by Month
April May June UK formation share in 2014 0.1% 0.1% 0.2% UK formation share in 2013 0.1% 0.1% 0.1% % change -8.6% -2.8% 43.9% Record Year 1992 (0.3%) 1994 (0.3%) 2000 (0.4%)
Director Age
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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
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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
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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
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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
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Previous 12 months (Jun 2013-Jun 2014)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage MANAGEMENT 2.03% CONSULTING 5.16% WORCESTER 1.54% MANAGEMENT 4.64% CONSULTING 1.19% CONSULTANCY 3.50% BUSINESS 0.91% PROPERTY 2.66% CONSULTANCY 0.91% TRADING 2.03% SYSTEMS 0.63% ENGINEERING 1.99% PROPERTY 0.63% CONSTRUCTION 1.93% ENGINEERING 0.63% LONDON 1.93% SECURITY 0.63% CARE 1.85% HC 0.56% DESIGN 1.75% MARKETING 0.56% CONSULTANTS 1.73% ELECTRICAL 0.49% BUSINESS 1.69% SECURITIES 0.49% PROPERTIES 1.63% HOLDINGS 0.49% TRANSPORT 1.58% BUILDING 0.49% GLOBAL 1.55% CARE 0.49% INVESTMENTS 1.55% SOCIAL 0.42% J 1.51% M 0.42% ASSOCIATES 1.48% S 0.42% MEDIA 1.44% CONSTRUCTION 0.42% ELECTRICAL 1.40% J 0.42% IT 1.33% (WORCESTER) 0.42% DEVELOPMENTS 1.33% WORCESTERSHIRE 0.42% BUILDING 1.26% THREE 0.35% M 1.24% MEDIA 0.35% CO., 1.20%
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 299 261,557 99999 - Dormant Company 99 48,436 70229 - Management consultancy activities other than financial management 71 40,250 82990 - Other business support service activities not elsewhere classified 48 57,421 74909 - Other professional, scientific and technical activities not elsewhere classified 37 19,058 62020 - Information technology consultancy activities 35 29,029 96090 - Other service activities not elsewhere classified 30 28,352 56302 - Public houses and bars 26 6,099 41100 - Development of building projects 22 10,527 74990 - Non-trading company 22 14,351 86900 - Other human health activities 21 11,292 47910 - Retail sale via mail order houses or via Internet 20 9,900 68209 - Other letting and operating of own or leased real estate 18 10,133 49410 - Freight transport by road 16 9,265 93199 - Other sports activities 15 4,027 69201 - Accounting and auditing activities 14 7,415 62012 - Business and domestic software development 14 9,834 43210 - Electrical installation 14 6,050 68100 - Buying and selling of own real estate 14 6,413 98000 - Residents property management 14 5,046
Recent Companies
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Randomly selected companies from this quarter
COMPANY NUMBER COMPANY NAME INCORPORATION DATE 08972414 TOOT TOOT LTD 02 Apr 2014 08978454 RESOURCE NOW LIMITED 04 Apr 2014 08978578 MOSCATI MEDICAL LTD 04 Apr 2014 08983424 ST PAULS CHURCH WORCESTER 07 Apr 2014 08993108 IMPLEMENT LS LIMITED 11 Apr 2014 09000927 BROADFIRE ENERGY LIMITED 17 Apr 2014 09003603 JASMEG (WORCESTER) LIMITED 22 Apr 2014 09007153 GREEN FIREFLY LIMITED 23 Apr 2014 09011554 A & J DESIGN LIMITED 25 Apr 2014 09015001 SHERGILL LIMITED 28 Apr 2014 08989664 RHINO ROOFING LIMITED 10 Apr 2014 09008781 SBFSERVICES LTD 24 Apr 2014 08980916 B & N LILLEY CARGO LIMITED 07 Apr 2014 08991029 PLOUGH PLANNING LIMITED 10 Apr 2014 08995525 INC SECURITY SOLUTIONS LTD 14 Apr 2014 09019354 PARKES BUSINESS SERVICES LTD 30 Apr 2014 08989278 LYTE LIMITED 10 Apr 2014 08984113 POWELL MICHAEL STEPHEN 81269 LIMITED 08 Apr 2014 09002779 NICK LOCKS LTD 17 Apr 2014 08979823 WYRE FOREST SCAFFOLDING LIMITED 04 Apr 2014 08999552 TOTAL AOG SUPPORT LIMITED 16 Apr 2014 09007451 ISBEER LTD 23 Apr 2014 08980947 SENTINEL ACCOUNT LTD 07 Apr 2014 08995388 THE ALBUM COVERS COMPANY LTD 14 Apr 2014 08972322 J. VULLINGHS CONSULTING LTD 02 Apr 2014
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