Worcestershire
Q3 2014 Business Confidence Report
Headlines
- July 2014 saw a new record in company closures in Worcestershire when compared to any previous July.
- July 2014 saw a new record in company closures in Worcestershire when compared to any previous July.
Contents
New Company Registrations
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Quarterly Data (Q3 Jul-Sep 2014)
A total of 785 companies were registered in Worcestershire during the third quarter of 2014 (Jul 2014 - Sep 2014).
This figure is a decrease of 3.4% versus the same period last year (Q3 2013). This figure compares badly to the UK as a whole, which saw an increase of 8.1% against the same period last year.
third quarter (Jul 2014 - Sep 2014) Worcestershire UK 2014 785 143,414 2013 813 132,684 % change -3.4% 8.1% Record Year 2013 (813) 2014 (143,414) New Companies by Quarter
A total of 785 companies were registered in Worcestershire during the third quarter of 2014 (Jul 2014 - Sep 2014).
This figure is a decrease of 3.4% versus the same period last year (Q3 2013). This figure compares badly to the UK as a whole, which saw an increase of 8.1% against the same period last year.
third quarter (Jul 2014 - Sep 2014) Worcestershire UK 2014 785 143,414 2013 813 132,684 % change -3.4% 8.1% Record Year 2013 (813) 2014 (143,414) New Companies by Quarter
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Monthly Data (Jul, Aug & Sep 2014)
New Companies by Month
New Companies by Month
July August September New companies in 2014 276 249 260 New companies in 2013 296 270 247 % change -6.8% -7.8% 5.3% Record Year 2013 (296) 2013 (270) 2011 (289) July August September New companies in 2014 276 249 260 New companies in 2013 296 270 247 % change -6.8% -7.8% 5.3% Record Year 2003 (296) 2013 (270) 2011 (289)
Closed Companies (dissolved)
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Quarterly Data (Q3 Jul-Sep 2014)
A total of 636 companies were dissolved in Worcestershire during the third quarter of 2014 (Jul 2014 - Sep 2014).
This figure is an increase of 10.6% versus the same period last year (Q3 2013). This figure compares well to the UK as a whole, which saw an increase of 18.0% against the same period last year.
third quarter (Jul 2014 - Sep 2014) Worcestershire UK 2014 636 101,670 2013 575 86,170 % change 10.6% 18.0% Record Year 2010 (796) 2009 (159,405) Dissolved Companies by Quarter
A total of 636 companies were dissolved in Worcestershire during the third quarter of 2014 (Jul 2014 - Sep 2014).
This figure is an increase of 10.6% versus the same period last year (Q3 2013). This figure compares well to the UK as a whole, which saw an increase of 18.0% against the same period last year.
third quarter (Jul 2014 - Sep 2014) Worcestershire UK 2014 636 101,670 2013 575 86,170 % change 10.6% 18.0% Record Year 2010 (796) 2009 (159,405) Dissolved Companies by Quarter
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Monthly Data (Jul, Aug & Sep 2014)
July 2014 saw a new record in company closures in Worcestershire when compared to any previous July.
July 2014 saw a new record in company closures in Worcestershire when compared to any previous July.
Dissolved Companies by Month
Dissolved Companies by Month
July August September Closed companies in 2014 246 172 218 Closed companies in 2013 157 185 233 % change 56.7% -7.0% -6% Record Year 2014 (246) 2010 (355) 2009 (295) July August September Closed companies in 2014 246 172 218 Closed companies in 2013 157 185 233 % change 56.7% -7.0% -6% Record Year 2014 (246) 2010 (355) 2009 (295)
Net Company Growth
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Quarterly Data (Q3 Jul-Sep 2014)
Net company growth for Worcestershire during the third quarter of 2014 (Jul 2014 - Sep 2014) was 149 companies.
third quarter (Jul 2014 - Sep 2014) Worcestershire UK 2014 149 41,744 2013 238 46,514 Record Year 2006 (363) 2013 (46,514) Net Growth by Quarter
Net company growth for Worcestershire during the third quarter of 2014 (Jul 2014 - Sep 2014) was 149 companies.
third quarter (Jul 2014 - Sep 2014) Worcestershire UK 2014 149 41,744 2013 238 46,514 Record Year 2006 (363) 2013 (46,514) Net Growth by Quarter
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Monthly Data (Jul, Aug & Sep 2014)
Net Growth by Month
Net Growth by Month
July August September Net growth in 2014 30 77 42 Net growth in 2013 139 85 14 Record Year 2008 (193) 2000 (138) 2002 (171) July August September Net growth in 2014 30 77 42 Net growth in 2013 139 85 14 Record Year 2008 (193) 2000 (138) 2002 (171)
UK Company Share
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Quarterly Data (Q3 Jul-Sep 2014)
In the third quarter of 2014, Worcestershire formed 0.5% of all UK companies.
third quarter (Jul 2014 - Sep 2014) Worcestershire 2014 0.5% 2013 0.6% 2012 0.6% 2011 0.7% 2010 0.6% Record Year (since 1960) 2000 (0.9%) Company Share by Quarter
In the third quarter of 2014, Worcestershire formed 0.5% of all UK companies.
third quarter (Jul 2014 - Sep 2014) Worcestershire 2014 0.5% 2013 0.6% 2012 0.6% 2011 0.7% 2010 0.6% Record Year (since 1960) 2000 (0.9%) Company Share by Quarter
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Monthly Data (Jul, Aug & Sep 2014)
Company Share by Month
Company Share by Month
July August September UK formation share in 2014 0.5% 0.6% 0.5% UK formation share in 2013 0.6% 0.6% 0.6% % change -15.3% -12.1% -3.4% Record Year 1993 (1.1%) 2000 (1.0%) 2000 (0.9%) July August September UK formation share in 2014 0.5% 0.6% 0.5% UK formation share in 2013 0.6% 0.6% 0.6% % change -15.3% -12.1% -3.4% Record Year 1993 (1.1%) 2000 (1.0%) 2000 (0.9%)
Director Age
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Quarterly Data (Q3 Jul-Sep 2014)
The average age of a director in the third quarter of 2014 was 46.1.
The percentage of directors under the age of 25 was 6.6% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 3.5% compared to the UK figure of 4.5%.
Director Age by Quarter
The average age of a director in the third quarter of 2014 was 46.1.
The percentage of directors under the age of 25 was 6.6% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 3.5% compared to the UK figure of 4.5%.
Director Age by Quarter
Director Gender
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Quarterly Data (Q3 Jul-Sep 2014)
The record third quarter for female directors in Worcestershire was in 2006 when 34.9% of all directors were female.
28.4% of all director appointments in Worcestershire in the third quarter of 2014 were female. This compares to a UK average of 26.3% for the same period.
Director Gender by Quarter
The record third quarter for female directors in Worcestershire was in 2006 when 34.9% of all directors were female.
28.4% of all director appointments in Worcestershire in the third quarter of 2014 were female. This compares to a UK average of 26.3% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Sep 2013-Sep 2014)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage MANAGEMENT 1.92% CONSULTING 5.17% CONSULTING 1.43% MANAGEMENT 4.63% CONSULTANCY 1.29% CONSULTANCY 3.55% PROPERTY 1.12% PROPERTY 2.62% CARE 0.84% ENGINEERING 2.07% CONSTRUCTION 0.82% CONSTRUCTION 2.05% BUILDING 0.82% TRADING 2.00% DESIGN 0.80% LONDON 1.95% ENGINEERING 0.77% CARE 1.94% MUSIC 0.73% TRANSPORT 1.76% ASSOCIATES 0.73% DESIGN 1.70% HOLDINGS 0.70% CONSULTANTS 1.70% TRAINING 0.68% PROPERTIES 1.63% WORCESTER 0.68% BUSINESS 1.62% ELECTRICAL 0.66% J 1.53% J 0.63% ELECTRICAL 1.53% BUSINESS 0.59% GLOBAL 1.51% M 0.59% INVESTMENTS 1.50% SYSTEMS 0.56% ASSOCIATES 1.48% DEVELOPMENTS 0.54% MEDIA 1.38% S 0.51% CO., 1.36% WAVE 0.51% DEVELOPMENTS 1.35% R 0.51% BUILDING 1.30% MEDIA 0.44% IT 1.30% C 0.44% M 1.23% word percentage uk word uk percentage MANAGEMENT 1.94% CONSULTING 5.18% CONSULTING 1.40% MANAGEMENT 4.63% CONSULTANCY 1.29% CONSULTANCY 3.54% PROPERTY 1.10% PROPERTY 2.63% CARE 0.84% ENGINEERING 2.08% BUILDING 0.82% CONSTRUCTION 2.05% CONSTRUCTION 0.80% TRADING 2.01% DESIGN 0.77% LONDON 1.95% ENGINEERING 0.77% CARE 1.94% HOLDINGS 0.75% TRANSPORT 1.76% MUSIC 0.73% DESIGN 1.70% ASSOCIATES 0.70% CONSULTANTS 1.69% TRAINING 0.68% PROPERTIES 1.63% ELECTRICAL 0.65% BUSINESS 1.63% WORCESTER 0.65% ELECTRICAL 1.53% J 0.63% J 1.53% BUSINESS 0.58% GLOBAL 1.52% M 0.56% INVESTMENTS 1.50% DEVELOPMENTS 0.54% ASSOCIATES 1.48% SYSTEMS 0.51% MEDIA 1.38% R 0.51% CO., 1.36% WAVE 0.51% DEVELOPMENTS 1.35% S 0.51% BUILDING 1.30% MEDIA 0.44% IT 1.30% C 0.44% M 1.23%
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 1,193 278,481 82990 - Other business support service activities not elsewhere classified 468 57,264 99999 - Dormant Company 356 48,286 70229 - Management consultancy activities other than financial management 254 40,717 74909 - Other professional, scientific and technical activities not elsewhere classified 154 18,890 62020 - Information technology consultancy activities 146 29,313 96090 - Other service activities not elsewhere classified 102 28,224 41100 - Development of building projects 83 10,604 74990 - Non-trading company 76 14,006 86900 - Other human health activities 75 11,807 56302 - Public houses and bars 72 6,056 47910 - Retail sale via mail order houses or via Internet 69 9,914 49410 - Freight transport by road 68 9,960 43999 - Other specialised construction activities not elsewhere classified 62 8,501 69201 - Accounting and auditing activities 58 7,401 62090 - Other information technology service activities 57 12,795 68209 - Other letting and operating of own or leased real estate 50 10,361 47990 - Other retail sale not in stores, stalls or markets 50 6,327 43210 - Electrical installation 50 5,922 96020 - Hairdressing and other beauty treatment 50 6,630 sic code number of companies uk companies None Supplied 1,108 263,052 82990 - Other business support service activities not elsewhere classified 469 58,078 99999 - Dormant Company 359 48,811 70229 - Management consultancy activities other than financial management 256 41,421 74909 - Other professional, scientific and technical activities not elsewhere classified 156 19,117 62020 - Information technology consultancy activities 150 29,780 96090 - Other service activities not elsewhere classified 105 28,864 41100 - Development of building projects 86 10,983 74990 - Non-trading company 78 14,053 86900 - Other human health activities 76 12,105 56302 - Public houses and bars 72 6,211 47910 - Retail sale via mail order houses or via Internet 70 10,125 49410 - Freight transport by road 68 10,336 43999 - Other specialised construction activities not elsewhere classified 64 8,701 62090 - Other information technology service activities 62 12,999 69201 - Accounting and auditing activities 61 7,504 68209 - Other letting and operating of own or leased real estate 53 10,684 96020 - Hairdressing and other beauty treatment 51 6,781 47990 - Other retail sale not in stores, stalls or markets 51 6,458 43210 - Electrical installation 50 6,050
Recent Companies
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Randomly selected companies from this quarter
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