Worcestershire
2013 Annual Business Confidence Report
NOTICE: We have improved our calculations of the statistics in these reports, so some figures and records may not match previous reports.
Headlines
- 2013 was a record year for company registrations in Worcestershire when compared to any year in history.
- The second half of 2013 saw a new record in company registrations in Worcestershire when compared to any previous second half year.
- The second half of 2013 was a record second half year for company registrations in Worcestershire when compared to any half year in history.
- Q4 2013 saw a new record in company registrations in Worcestershire when compared to any previous Q4.
- December 2013 saw a new record in company registrations in Worcestershire when compared to any previous December.
- November 2013 saw a new record in company registrations in Worcestershire when compared to any previous November.
- October 2013 saw a new record in company registrations in Worcestershire when compared to any previous October.
Contents
New Company Registrations
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Annual Data (2013)
2013 was a record year for company registrations in Worcestershire when compared to any year in history.
A total of 3,145 companies were formed in Worcestershire in 2013. This total is 8.5% higher than in 2012 and compares equally to the UK figure of a 7.6% growth compared to 491,893 the previous year.
Year Worcestershire UK 2013 3,145 529,363 2012 2,898 491,893 2011 2,974 452,870 2010 2,677 400,358 2009 2,365 362,675 Record Year 2013 (3,145) 2013 (529,363) New Companies by Year
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Half Year Data (Jul-Dec 2013)
The second half of 2013 saw a new record in company registrations in Worcestershire when compared to any previous second half year.
The second half of 2013 was a record second half year for company registrations in Worcestershire when compared to any half year in history.
In the second half of 2013 a total of 1,593 companies were formed in Worcestershire. This figure is 16.4% higher than last year, which compares well to the UK wide figure of 8.9%.
The highest total for a second half year in Worcestershire occurred in 2013 when a total of 1,593 were formed.
Half Year (Jul-Dec) Worcestershire UK 2013 1,593 259,931 2012 1,369 238,743 % change 16.4% 8.9% Record Year 2013 (1,593) 2013 (259,931) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
Q4 2013 saw a new record in company registrations in Worcestershire when compared to any previous Q4.
A total of 780 companies were registered in Worcestershire during the fourth quarter of 2013 (Oct 2013 - Dec 2013).
This figure is an increase of 16.8% versus the same period last year (Q4 2012). This figure compares well to the UK as a whole, which saw an increase of 6.1% against the same period last year.
fourth quarter (Oct 2013 - Dec 2013) Worcestershire UK 2013 780 127,247 2012 668 119,875 % change 16.8% 6.1% Record Year 2013 (780) 2013 (127,247) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2013)
December 2013 saw a new record in company registrations in Worcestershire when compared to any previous December.
November 2013 saw a new record in company registrations in Worcestershire when compared to any previous November.
October 2013 saw a new record in company registrations in Worcestershire when compared to any previous October.
New Companies by Month
October November December New companies in 2013 308 249 223 New companies in 2012 272 219 177 % change 13.2% 13.7% 26.0% Record Year 2013 (308) 2013 (249) 2013 (223)
Closed Companies (dissolved)
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Annual Data (2013)
A total of 2,140 companies were dissolved in Worcestershire in 2013. This total is 12.3% higher than in 2012 and compares unfavourably to the UK figure of 13.1% growth compared to the previous year.
Year Worcestershire UK 2013 2,140 332,213 2012 1,906 293,729 2011 2,046 314,524 2010 2,574 342,233 2009 2,581 533,789 Record Year 2009 (2,581) 2009 (533,789) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2013)
In the second half of 2013 a total of 1,179 companies were dissolved in Worcestershire. This figure is 19.2% higher than last year, which compares well to the UK wide change of 21.3%.
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 2013 1,179 177,021 2012 989 145,935 % change 19.2% 21.3% Record Year 2010 (1,242) 2009 (244,544) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
A total of 604 companies were dissolved in Worcestershire during the fourth quarter of 2013 (Oct 2013 - Dec 2013).
This figure is an increase of 22.3% versus the same period last year (Q4 2012). This figure compares well to the UK as a whole, which saw an increase of 29.7% against the same period last year.
fourth quarter (Oct 2013 - Dec 2013) Worcestershire UK 2013 604 90,851 2012 494 70,027 % change 22.3% 29.7% Record Year 2013 (604) 2013 (90,851) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2013)
Dissolved Companies by Month
October November December Closed companies in 2013 210 172 222 Closed companies in 2012 224 163 107 % change -6.3% 5.5% 107% Record Year 2012 (224) 2011 (235) 2009 (236)
Net Company Growth
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Annual Data (2013)
A total of 1,005 companies were added to the company register for Worcestershire in 2013. This number represents growth of 32.0% in the total number of active companies, which compares unfavourably to the UK figure of 37.2%.
This number is 13 companies higher than the previous year.
The highest net company growth figure ever seen in one year came in 2007 when the Worcestershire company register grew by 1,462 companies.
Year Worcestershire UK 2013 1,005 197,150 2012 992 198,164 2011 928 138,346 2010 103 58,125 2009 -216 -171,114 Record Year 2007 (1,462) 2007 (237,353) Net Growth by Year
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Half Year Data (Jul-Dec 2013)
In the second half of 2013 the company register for Worcestershire increased by 414 companies.
Half Year (Jul-Dec) Worcestershire UK 2013 414 82,910 2012 380 92,808 Record Year 2003 (875) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
Net company growth for Worcestershire during the fourth quarter of 2013 (Oct 2013 - Dec 2013) was 176 companies.
fourth quarter (Oct 2013 - Dec 2013) Worcestershire UK 2013 176 36,396 2012 174 49,848 Record Year 2006 (310) 2012 (49,848) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2013)
Net Growth by Month
October November December Net growth in 2013 98 77 1 Net growth in 2012 48 56 70 Record Year 2003 (212) 2003 (148) 2002 (123)
UK Company Share
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Annual Data (2013)
In 2013 Worcestershire formed 0.6% of all UK companies. This is no change on 2012 when Worcestershire was responsible for 0.6% of all UK companies.
Year Worcestershire 2013 0.6% 2012 0.6% 2011 0.7% 2010 0.7% 2009 0.7% Record Year (since 1960) 2002 (0.8%) Company Share by Year
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Half Year Data (Jul-Dec 2013)
In the second half of 2013 Worcestershire formed 0.6% of all UK companies. This is the same as the 2012 figure of 0.6%.
Half Year (Jul-Dec) Worcestershire 2013 0.6% 2012 0.6% 2011 0.7% 2010 0.6% 2009 0.6% Record Year (since 1960) 2002 (0.8%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
In the fourth quarter of 2013, Worcestershire formed 0.6% of all UK companies.
fourth quarter (Oct 2013 - Dec 2013) Worcestershire 2013 0.6% 2012 0.6% 2011 0.6% 2010 0.7% 2009 0.6% Record Year (since 1960) 2001 (0.8%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2013)
Company Share by Month
October November December UK formation share in 2013 0.6% 0.6% 0.6% UK formation share in 2012 0.6% 0.5% 0.6% % change 5.3% 11.7% 14.6% Record Year 1991 (0.8%) 1990 (1.0%) 2002 (0.9%)
Director Age
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Annual Data (2013)
The average age of a director in 2013 was 45.8.
The percentage of directors under the age of 25 was 5.5% compared to the UK figure of 3.9%.
The percentage of directors over the age of 65 was 3.1% compared to the UK figure of 4.2%.
Director Age by Year
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Half Year Data (Jul-Dec 2013)
The average age of a director in the second half of 2013 was 45.7.
The percentage of directors under the age of 25 was 5.5% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 3.7% compared to the UK figure of 4.8%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
The average age of a director in the fourth quarter of 2013 was 45.2.
The percentage of directors under the age of 25 was 5.2% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 4.2% compared to the UK figure of 5.1%.
Director Age by Quarter
Director Gender
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Annual Data (2013)
The record year for female directors in Worcestershire was 1990 when 38.3% of all directors were female.
The percentage of female directors in Worcestershire in 2013 was 28.3%. The average for the UK during this time was 26.0%
Director Gender by Year
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Half Year Data (Jul-Dec 2013)
The record second half year for female directors in Worcestershire was 2006 when 33.8% of all directors were female.
28.3% of all director appointments in Worcestershire in the second half of 2013 were female. This compares to a UK average of 25.9% for the same period.
Director Gender by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
The record fourth quarter for female directors in Worcestershire was in 2009 when 36.6% of all directors were female.
28.1% of all director appointments in Worcestershire in the fourth quarter of 2013 were female. This compares to a UK average of 25.6% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Dec 2012-Dec 2013)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage MANAGEMENT 1.72% CONSULTING 5.22% CONSULTING 1.69% MANAGEMENT 4.72% PROPERTY 1.03% CONSULTANCY 3.45% CONSULTANCY 1.01% PROPERTY 2.59% CONSTRUCTION 0.91% TRADING 2.08% DESIGN 0.88% ENGINEERING 1.87% ENGINEERING 0.81% LONDON 1.86% WORCESTER 0.79% DESIGN 1.76% BUILDING 0.71% CONSTRUCTION 1.73% MEDIA 0.69% CARE 1.73% TRADING 0.66% BUSINESS 1.71% J 0.66% CONSULTANTS 1.68% ASSOCIATES 0.66% GLOBAL 1.58% MUSIC 0.64% INVESTMENTS 1.56% HOLDINGS 0.61% PROPERTIES 1.54% CARE 0.61% ASSOCIATES 1.53% BUSINESS 0.59% J 1.51% HOUSE 0.59% MEDIA 1.50% WAVE 0.54% IT 1.35% M 0.54% DEVELOPMENTS 1.23% TRAINING 0.52% M 1.23% DEVELOPMENTS 0.52% BUILDING 1.21% S 0.49% ELECTRICAL 1.20% R 0.47% CAPITAL 1.19% PROPERTIES 0.47% ENERGY 1.14%
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 1,169 266,814 82990 - Other business support service activities not elsewhere classified 475 55,342 99999 - Dormant Company 303 46,762 70229 - Management consultancy activities other than financial management 242 36,164 62020 - Information technology consultancy activities 133 27,183 74909 - Other professional, scientific and technical activities not elsewhere classified 126 18,034 96090 - Other service activities not elsewhere classified 102 26,001 56290 - Other food services 83 3,837 74990 - Non-trading company 76 14,223 41100 - Development of building projects 76 9,485 86900 - Other human health activities 76 9,543 56302 - Public houses and bars 67 5,503 62090 - Other information technology service activities 66 12,511 47910 - Retail sale via mail order houses or via Internet 65 8,879 43999 - Other specialised construction activities not elsewhere classified 61 7,823 49410 - Freight transport by road 59 7,333 69201 - Accounting and auditing activities 54 7,075 96020 - Hairdressing and other beauty treatment 48 6,000 45200 - Maintenance and repair of motor vehicles 48 4,987 62012 - Business and domestic software development 48 9,360
Recent Companies
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Randomly selected companies from this quarter
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