Worcestershire
2012 Annual Business Confidence Report
Headlines
- October 2012 saw a new record in company closures in Worcestershire when compared to any previous October.
Contents
New Company Registrations
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Annual Data (2012)
A total of 2,899 companies were formed in Worcestershire in 2012. This total is 2.5% lower than in 2011 and compares poorly to the UK figure of a 8.6% growth compared to 452,870 the previous year.
Year Worcestershire UK 2012 2,899 491,893 2011 2,974 452,870 2010 2,677 400,358 2009 2,365 362,675 2008 2,392 349,203 Record Year 2003 (3,032) 2012 (491,893) New Companies by Year
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Half Year Data (Jul-Dec 2012)
In the second half of 2012 a total of 1,370 companies were formed in Worcestershire. This figure is 6.2% lower than last year, which compares badly to the UK wide figure of 6.5%.
The highest total for a second half year in Worcestershire occurred in 2011 when a total of 1,460 were formed.
Half Year (Jul-Dec) Worcestershire UK 2012 1,370 238,743 2011 1,460 224,135 % change -6.2% 6.5% Record Year 2011 (1,460) 2012 (238,743) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
A total of 669 companies were registered in Worcestershire during the fourth quarter of 2012 (Oct 2012 - Dec 2012).
This figure is a decrease of 1.0% versus the same period last year (Q4 2011). This figure compares badly to the UK as a whole, which saw an increase of 9.4% against the same period last year.
fourth quarter (Oct 2012 - Dec 2012) Worcestershire UK 2012 669 119,875 2011 676 109,623 % change -1.0% 9.4% Record Year 2003 (716) 2012 (119,875) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2012)
New Companies by Month
October November December New companies in 2012 272 219 178 New companies in 2011 249 233 194 % change 9.2% -6.0% -8.2% Record Year 2003 (279) 2002 (248) 2002 (201)
Closed Companies (dissolved)
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Annual Data (2012)
A total of 1,906 companies were dissolved in Worcestershire in 2012. This total is 6.8% lower than in 2011 and compares unfavourably to the UK figure of 6.6% decrease compared to the previous year.
Year Worcestershire UK 2012 1,906 293,728 2011 2,046 314,524 2010 2,574 342,233 2009 2,581 533,787 2008 1,119 237,873 Record Year 2009 (2,581) 2009 (533,787) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2012)
In the second half of 2012 a total of 989 companies were dissolved in Worcestershire. This figure is 5.9% lower than last year, which compares well to the UK wide change of -4.1%.
The highest total for a second half year in Worcestershire occurred in 2010 when a total of 1,242 were closed.
Half Year (Jul-Dec) Worcestershire UK 2012 989 145,934 2011 1,051 152,213 % change -5.9% -4.1% Record Year 2010 (1,242) 2009 (244,543) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
A total of 494 companies were dissolved in Worcestershire during the fourth quarter of 2012 (Oct 2012 - Dec 2012).
This figure is a decrease of 11.5% versus the same period last year (Q4 2011). This figure compares poorly to the UK as a whole, which saw a decrease of 12.4% against the same period last year.
fourth quarter (Oct 2012 - Dec 2012) Worcestershire UK 2012 494 70,026 2011 558 79,983 % change -11.5% -12.4% Record Year 2009 (589) 2009 (85,139) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2012)
October 2012 saw a new record in company closures in Worcestershire when compared to any previous October.
Dissolved Companies by Month
October November December Closed companies in 2012 224 163 107 Closed companies in 2011 126 235 197 % change 77.8% -30.6% -46% Record Year 2012 (224) 2011 (235) 2009 (236)
Net Company Growth
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Annual Data (2012)
A total of 993 companies were added to the company register for Worcestershire in 2012. This number represents growth of 33.4% in the total number of active companies, which compares unfavourably to the UK figure of 43.8%.
This number is 65 companies higher than the previous year.
The highest net company growth figure ever seen in one year came in 2003 when the Worcestershire company register grew by 1,935 companies.
Year Worcestershire UK 2012 993 198,165 2011 928 138,346 2010 103 58,125 2009 -216 -171,112 2008 1,273 111,330 Record Year 2003 (1,935) 2003 (242,541) Net Growth by Year
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Half Year Data (Jul-Dec 2012)
In the second half of 2012 the company register for Worcestershire increased by 381 companies.
Half Year (Jul-Dec) Worcestershire UK 2012 381 92,809 2011 409 71,922 Record Year 2003 (875) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
Net company growth for Worcestershire during the fourth quarter of 2012 (Oct 2012 - Dec 2012) was 175 companies.
fourth quarter (Oct 2012 - Dec 2012) Worcestershire UK 2012 175 49,849 2011 118 29,640 Record Year 2003 (474) 2003 (57,175) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2012)
Net Growth by Month
October November December Net growth in 2012 48 56 71 Net growth in 2011 123 -2 -3 Record Year 2003 (212) 2003 (148) 2002 (123)
UK Company Share
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Annual Data (2012)
In 2012 Worcestershire formed 0.6% of all UK companies. This is a decline on 2011 when Worcestershire was responsible for 0.7% of all UK companies.
Year Worcestershire 2012 0.6% 2011 0.7% 2010 0.7% 2009 0.7% 2008 0.7% Record Year (since 1960) 1965 (1.0%) Company Share by Year
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Half Year Data (Jul-Dec 2012)
In the second half of 2012 Worcestershire formed 0.6% of all UK companies. This is less than the 2011 figure of 0.7%.
Half Year (Jul-Dec) Worcestershire 2012 0.6% 2011 0.7% 2010 0.6% 2009 0.6% 2008 0.7% Record Year (since 1960) 1960 (1.1%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
In the fourth quarter of 2012, Worcestershire formed 0.6% of all UK companies.
fourth quarter (Oct 2012 - Dec 2012) Worcestershire 2012 0.6% 2011 0.6% 2010 0.7% 2009 0.6% 2008 0.7% Record Year (since 1960) 1960 (1.6%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2012)
Company Share by Month
October November December UK formation share in 2012 0.6% 0.5% 0.6% UK formation share in 2011 0.6% 0.6% 0.6% % change -8.2% -10.6% -10.7% Record Year 1960 (2.1%) 1960 (1.7%) 1960 (1.2%)
Director Age
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Annual Data (2012)
The average age of a director in 2012 was 46.4.
The percentage of directors under the age of 25 was 3.2% compared to the UK figure of 3.8%.
The percentage of directors over the age of 65 was 6.5% compared to the UK figure of 4.1%.
Director Age by Year
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Half Year Data (Jul-Dec 2012)
The average age of a director in the second half of 2012 was 45.7.
The percentage of directors under the age of 25 was 3.9% compared to the UK figure of 4.3%.
The percentage of directors over the age of 65 was 6.4% compared to the UK figure of 4.0%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
The average age of a director in the fourth quarter of 2012 was 45.2.
The percentage of directors under the age of 25 was 4.2% compared to the UK figure of 4.4%.
The percentage of directors over the age of 65 was 6.3% compared to the UK figure of 3.9%.
Director Age by Quarter
Director Gender
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Annual Data (2012)
The record year for female directors in Worcestershire was 1860 when 35.7% of all directors were female.
The percentage of female directors in Worcestershire in 2012 was 35.8%. The average for the UK during this time was 29.9%
Director Gender by Year
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Half Year Data (Jul-Dec 2012)
The record second half year for female directors in Worcestershire was 1860 when 42.9% of all directors were female.
27.0% of all director appointments in Worcestershire in the second half of 2012 were female. This compares to a UK average of 25.5% for the same period.
Director Gender by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
The record fourth quarter for female directors in Worcestershire was in 1977 when 31.2% of all directors were female.
23.5% of all director appointments in Worcestershire in the fourth quarter of 2012 were female. This compares to a UK average of 25.3% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Dec 2011-Dec 2012)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage MANAGEMENT 1.67% CONSULTING 5.15% CONSULTING 1.41% MANAGEMENT 4.78% CONSULTANCY 1.07% CONSULTANCY 3.31% PROPERTY 0.94% PROPERTY 2.40% ASSOCIATES 0.92% TRADING 2.03% J 0.81% DESIGN 1.86% HOLDINGS 0.76% ASSOCIATES 1.82% BUSINESS 0.68% ENGINEERING 1.79% ENGINEERING 0.68% BUSINESS 1.76% WORCESTER 0.65% CONSULTANTS 1.75% GREEN 0.63% CONSTRUCTION 1.69% CARE 0.63% LONDON 1.69% ELECTRICAL 0.60% MEDIA 1.69% CONSTRUCTION 0.58% GLOBAL 1.59% DESIGN 0.58% J 1.57% ENTERPRISES 0.52% INVESTMENTS 1.46% COMMUNITY 0.52% IT 1.43% S 0.52% CARE 1.39% TRAINING 0.50% PROPERTIES 1.34% DEVELOPMENTS 0.50% M 1.26% CONSULTANTS 0.50% BUILDING 1.23% MEDIA 0.50% ENTERPRISES 1.21% R 0.47% TRAINING 1.18% WORCESTERSHIRE 0.47% ELECTRICAL 1.17% (MIDLANDS) 0.47% SECURITY 1.17%
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 1,106 236,139 82990 - Other business support service activities not elsewhere classified 471 52,427 99999 - Dormant Company 283 40,648 70229 - Management consultancy activities other than financial management 214 30,396 62020 - Information technology consultancy activities 122 23,256 74909 - Other professional, scientific and technical activities not elsewhere classified 118 15,572 56290 - Other food services 99 2,833 96090 - Other service activities not elsewhere classified 91 22,058 74990 - Non-trading company 89 13,808 41100 - Development of building projects 70 7,980 62090 - Other information technology service activities 70 12,291 86900 - Other human health activities 57 7,866 43999 - Other specialised construction activities not elsewhere classified 56 6,419 45200 - Maintenance and repair of motor vehicles 53 4,290 47910 - Retail sale via mail order houses or via Internet 50 6,307 47990 - Other retail sale not in stores, stalls or markets 45 4,829 62012 - Business and domestic software development 45 7,446 56302 - Public houses and bars 45 4,543 7487 - Other business activities 45 10,703 69201 - Accounting and auditing activities 44 6,177
Recent Companies
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Randomly selected companies from this quarter
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