Worcester, Worcestershire
2014 Annual Business Confidence Report
Headlines
- 2014 was a record year for company registrations in Worcester when compared to any year in history.
- The second half of 2014 saw a new record in company registrations in Worcester when compared to any previous second half year.
- Q4 2014 saw a new record in company registrations in Worcester when compared to any previous Q4.
- November 2014 saw a new record in company registrations in Worcester when compared to any previous November.
Contents
New Company Registrations
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Annual Data (2014)
2014 was a record year for company registrations in Worcester when compared to any year in history.
A total of 913 companies were formed in Worcester in 2014. This total is 19.2% higher than in 2013 and compares favourably to the UK figure of a 10.0% growth compared to 529,363 the previous year.
Year Worcester UK 2014 913 582,051 2013 766 529,363 2012 743 491,893 2011 758 452,870 2010 654 400,358 Record Year 2014 (913) 2014 (582,051) New Companies by Year
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Half Year Data (Jul-Dec 2014)
The second half of 2014 saw a new record in company registrations in Worcester when compared to any previous second half year.
In the second half of 2014 a total of 431 companies were formed in Worcester. This figure is 14.9% higher than last year, which compares well to the UK wide figure of 8.2%.
The highest total for a second half year in Worcester occurred in 2014 when a total of 431 were formed.
Half Year (Jul-Dec) Worcester UK 2014 431 281,320 2013 375 259,931 % change 14.9% 8.2% Record Year 2014 (431) 2014 (281,320) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
Q4 2014 saw a new record in company registrations in Worcester when compared to any previous Q4.
A total of 212 companies were registered in Worcester during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is an increase of 15.2% versus the same period last year (Q4 2013). This figure compares well to the UK as a whole, which saw an increase of 8.4% against the same period last year.
fourth quarter (Oct 2014 - Dec 2014) Worcester UK 2014 212 137,906 2013 184 127,247 % change 15.2% 8.4% Record Year 2014 (212) 2014 (137,906) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
November 2014 saw a new record in company registrations in Worcester when compared to any previous November.
New Companies by Month
October November December New companies in 2014 76 78 58 New companies in 2013 78 57 49 % change -2.6% 36.8% 18.4% Record Year 2012 (81) 2014 (78) 2005 (59)
Closed Companies (dissolved)
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Annual Data (2014)
A total of 570 companies were dissolved in Worcester in 2014. This total is 3.4% lower than in 2013 and compares unfavourably to the UK figure of 10.8% growth compared to the previous year.
Year Worcester UK 2014 570 367,937 2013 590 332,213 2012 496 293,729 2011 554 314,524 2010 730 342,233 Record Year 2010 (730) 2009 (533,789) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 a total of 275 companies were dissolved in Worcester. This figure is 8.3% lower than last year, which compares well to the UK wide change of 7.7%.
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 2014 275 190,730 2013 300 177,021 % change -8.3% 7.7% Record Year 2010 (316) 2009 (244,544) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
A total of 132 companies were dissolved in Worcester during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is a decrease of 17.0% versus the same period last year (Q4 2013). This figure compares well to the UK as a whole, which saw a decrease of 2.0% against the same period last year.
fourth quarter (Oct 2014 - Dec 2014) Worcester UK 2014 132 89,060 2013 159 90,851 % change -17.0% -2.0% Record Year 2009 (169) 2013 (90,851) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Dissolved Companies by Month
October November December Closed companies in 2014 42 40 50 Closed companies in 2013 45 38 76 % change -6.7% 5.3% -34% Record Year 2009 (48) 2005 (60) 2013 (76)
Net Company Growth
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Annual Data (2014)
A total of 343 companies were added to the company register for Worcester in 2014. This number represents growth of 37.6% in the total number of active companies, which compares favourably to the UK figure of 36.8%.
This number is 167 companies higher 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 2014 343 214,114 2013 176 197,150 2012 247 198,164 2011 204 138,346 2010 -76 58,125 Record Year 2007 (406) 2007 (237,353) Net Growth by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 the company register for Worcester increased by 156 companies.
Half Year (Jul-Dec) Worcester UK 2014 156 90,590 2013 75 82,910 Record Year 2000 (277) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
Net company growth for Worcester during the fourth quarter of 2014 (Oct 2014 - Dec 2014) was 80 companies.
fourth quarter (Oct 2014 - Dec 2014) Worcester UK 2014 80 48,846 2013 25 36,396 Record Year 2007 (85) 2012 (49,848) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Net Growth by Month
October November December Net growth in 2014 34 38 8 Net growth in 2013 33 19 -27 Record Year 2003 (53) 2000 (52) 2003 (41)
UK Company Share
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Annual Data (2014)
In 2014 Worcester formed 0.2% of all UK companies. This is an improvement on 2013 when Worcester was responsible for 0.1% of all UK companies.
Year 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 Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 Worcester formed 0.2% of all UK companies. This is more than the 2013 figure of 0.1%.
Half Year (Jul-Dec) Worcester 2014 0.2% 2013 0.1% 2012 0.1% 2011 0.2% 2010 0.2% Record Year (since 1960) 2000 (0.3%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
In the fourth quarter of 2014, Worcester formed 0.2% of all UK companies.
fourth quarter (Oct 2014 - Dec 2014) Worcester 2014 0.2% 2013 0.1% 2012 0.2% 2011 0.2% 2010 0.2% Record Year (since 1960) 1990 (0.3%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Company Share by Month
October November December UK formation share in 2014 0.1% 0.2% 0.1% UK formation share in 2013 0.2% 0.1% 0.1% % change -7.3% 30.0% 1.3% Record Year 1991 (0.3%) 1990 (0.4%) 1996 (0.3%)
Director Age
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Annual Data (2014)
The average age of a director in 2014 was 46.5.
The percentage of directors under the age of 25 was 6.0% compared to the UK figure of 4.0%.
The percentage of directors over the age of 65 was 2.7% compared to the UK figure of 4.0%.
Director Age by Year
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Half Year Data (Jul-Dec 2014)
The average age of a director in the second half of 2014 was 46.2.
The percentage of directors under the age of 25 was 5.4% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 3.3% compared to the UK figure of 4.5%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
The average age of a director in the fourth quarter of 2014 was 46.5.
The percentage of directors under the age of 25 was 6.2% compared to the UK figure of 3.8%.
The percentage of directors over the age of 65 was 3.0% compared to the UK figure of 4.5%.
Director Age by Quarter
Director Gender
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Annual Data (2014)
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 2014 was 29.5%. The average for the UK during this time was 26.1%
Director Gender by Year
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Half Year Data (Jul-Dec 2014)
The record second half year for female directors in Worcester was 2006 when 33.2% of all directors were female.
27.7% of all director appointments in Worcester in the second 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 (Q4 Oct-Dec 2014)
The record fourth quarter for female directors in Worcester was in 2006 when 35.4% of all directors were female.
25.0% of all director appointments in Worcester in the fourth quarter of 2014 were female. This compares to a UK average of 25.8% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Dec 2013-Dec 2014)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage MANAGEMENT 2.07% CONSULTING 5.22% CONSULTING 1.54% MANAGEMENT 4.58% PROPERTY 1.34% CONSULTANCY 3.57% WORCESTER 1.14% PROPERTY 2.66% CONSULTANCY 0.94% CONSTRUCTION 2.12% CARE 0.87% ENGINEERING 2.10% BUSINESS 0.87% CARE 2.02% SECURITY 0.73% TRADING 1.94% PROPERTIES 0.67% LONDON 1.93% ELECTRICAL 0.60% TRANSPORT 1.93% ENGINEERING 0.60% DESIGN 1.66% CONSTRUCTION 0.60% CONSULTANTS 1.64% C 0.53% ELECTRICAL 1.62% BUILDING 0.53% PROPERTIES 1.62% SYSTEMS 0.53% BUSINESS 1.56% HC 0.53% J 1.54% DEVELOPMENTS 0.47% CO., 1.50% D 0.47% GLOBAL 1.49% GREEN 0.47% INVESTMENTS 1.48% ESTATES 0.47% ASSOCIATES 1.47% GROUP 0.40% DEVELOPMENTS 1.35% BETTS 0.40% MEDIA 1.33% ST 0.40% IT 1.31% HOLDINGS 0.40% BUILDING 1.29% P 0.40% M 1.22%
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 289 265,608 99999 - Dormant Company 99 48,509 70229 - Management consultancy activities other than financial management 74 42,290 82990 - Other business support service activities not elsewhere classified 45 58,068 74909 - Other professional, scientific and technical activities not elsewhere classified 38 19,049 62020 - Information technology consultancy activities 34 30,178 74990 - Non-trading company 30 13,984 96090 - Other service activities not elsewhere classified 27 29,009 86900 - Other human health activities 23 12,976 41100 - Development of building projects 23 11,397 56302 - Public houses and bars 21 6,285 47910 - Retail sale via mail order houses or via Internet 21 10,107 64209 - Activities of other holding companies not elsewhere classified 19 3,776 68209 - Other letting and operating of own or leased real estate 19 11,212 69201 - Accounting and auditing activities 16 7,528 49410 - Freight transport by road 16 10,842 43999 - Other specialised construction activities not elsewhere classified 15 8,761 98000 - Residents property management 13 5,255 62012 - Business and domestic software development 13 9,752 56101 - Licensed restaurants 12 8,782
Recent Companies
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Randomly selected companies from this quarter
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