Worcestershire
2014 Annual Business Confidence Report
Headlines
- 2014 was a record year for company registrations in Worcestershire when compared to any year in history.
- Q4 2014 saw a new record in company registrations in Worcestershire when compared to any previous Q4.
- December 2014 saw a new record in company registrations in Worcestershire when compared to any previous December.
- November 2014 saw a new record in company registrations in Worcestershire 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 Worcestershire when compared to any year in history.
A total of 3,336 companies were formed in Worcestershire in 2014. This total is 6.1% higher than in 2013 and compares equally to the UK figure of a 10.0% growth compared to 529,363 the previous year.
Year Worcestershire UK 2014 3,336 582,051 2013 3,145 529,363 2012 2,898 491,893 2011 2,974 452,870 2010 2,677 400,358 Record Year 2014 (3,336) 2014 (582,051) New Companies by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 a total of 1,589 companies were formed in Worcestershire. This figure is 0.3% lower than last year, which compares badly to the UK wide figure of 8.2%.
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 2014 1,589 281,320 2013 1,593 259,931 % change -0.3% 8.2% Record Year 2013 (1,593) 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 Worcestershire when compared to any previous Q4.
A total of 804 companies were registered in Worcestershire during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is an increase of 3.1% versus the same period last year (Q4 2013). This figure compares badly 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) Worcestershire UK 2014 804 137,906 2013 780 127,247 % change 3.1% 8.4% Record Year 2014 (804) 2014 (137,906) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
December 2014 saw a new record in company registrations in Worcestershire when compared to any previous December.
November 2014 saw a new record in company registrations in Worcestershire when compared to any previous November.
New Companies by Month
October November December New companies in 2014 302 264 238 New companies in 2013 308 249 223 % change -1.9% 6.0% 6.7% Record Year 2013 (308) 2014 (264) 2014 (238)
Closed Companies (dissolved)
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Annual Data (2014)
A total of 2,376 companies were dissolved in Worcestershire in 2014. This total is 11.0% higher than in 2013 and compares favourably to the UK figure of 10.8% growth compared to the previous year.
Year Worcestershire UK 2014 2,376 367,937 2013 2,140 332,213 2012 1,906 293,729 2011 2,046 314,524 2010 2,574 342,233 Record Year 2009 (2,581) 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 1,175 companies were dissolved in Worcestershire. This figure is 0.3% lower than last year, which compares well to the UK wide change of 7.7%.
The highest total for a second half year in Worcestershire occurred in 2010 when a total of 1,242 were closed.
Half Year (Jul-Dec) Worcestershire UK 2014 1,175 190,730 2013 1,179 177,021 % change -0.3% 7.7% Record Year 2010 (1,242) 2009 (244,544) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
A total of 539 companies were dissolved in Worcestershire during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is a decrease of 10.8% 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) Worcestershire UK 2014 539 89,060 2013 604 90,851 % change -10.8% -2.0% Record Year 2013 (604) 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 171 157 211 Closed companies in 2013 210 172 222 % change -18.6% -8.7% -5% Record Year 2012 (224) 2011 (235) 2009 (236)
Net Company Growth
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Annual Data (2014)
A total of 960 companies were added to the company register for Worcestershire in 2014. This number represents growth of 28.8% in the total number of active companies, which compares unfavourably to the UK figure of 36.8%.
This number is 45 companies lower 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 2014 960 214,114 2013 1,005 197,150 2012 992 198,164 2011 928 138,346 2010 103 58,125 Record Year 2007 (1,462) 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 Worcestershire increased by 414 companies.
Half Year (Jul-Dec) Worcestershire UK 2014 414 90,590 2013 414 82,910 Record Year 2003 (875) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
Net company growth for Worcestershire during the fourth quarter of 2014 (Oct 2014 - Dec 2014) was 265 companies.
fourth quarter (Oct 2014 - Dec 2014) Worcestershire UK 2014 265 48,846 2013 176 36,396 Record Year 2006 (310) 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 131 107 27 Net growth in 2013 98 77 1 Record Year 2003 (212) 2003 (148) 2002 (123)
UK Company Share
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Annual Data (2014)
In 2014 Worcestershire formed 0.6% of all UK companies. This is no change on 2013 when Worcestershire was responsible for 0.6% of all UK companies.
Year Worcestershire 2014 0.6% 2013 0.6% 2012 0.6% 2011 0.7% 2010 0.7% Record Year (since 1960) 2002 (0.8%) Company Share by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 Worcestershire formed 0.6% of all UK companies. This is the same as the 2013 figure of 0.6%.
Half Year (Jul-Dec) Worcestershire 2014 0.6% 2013 0.6% 2012 0.6% 2011 0.7% 2010 0.6% Record Year (since 1960) 2002 (0.8%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
In the fourth quarter of 2014, Worcestershire formed 0.6% of all UK companies.
fourth quarter (Oct 2014 - Dec 2014) Worcestershire 2014 0.6% 2013 0.6% 2012 0.6% 2011 0.6% 2010 0.7% Record Year (since 1960) 2001 (0.8%) 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 0.6% 0.6% 0.6% UK formation share in 2013 0.6% 0.6% 0.6% % change -6.7% 0.7% -8.7% Record Year 1991 (0.8%) 1990 (1.0%) 2002 (0.9%)
Director Age
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Annual Data (2014)
The average age of a director in 2014 was 45.8.
The percentage of directors under the age of 25 was 5.9% compared to the UK figure of 4.0%.
The percentage of directors over the age of 65 was 3.6% 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 45.5.
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 3.8% 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 45.0.
The percentage of directors under the age of 25 was 4.2% compared to the UK figure of 3.8%.
The percentage of directors over the age of 65 was 4.1% 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 Worcestershire was 1990 when 38.3% of all directors were female.
The percentage of female directors in Worcestershire in 2014 was 28.7%. 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 Worcestershire was 2006 when 33.8% of all directors were female.
28.2% of all director appointments in Worcestershire 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 Worcestershire was in 2009 when 36.6% of all directors were female.
27.9% of all director appointments in Worcestershire 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 1.89% CONSULTING 5.22% CONSULTING 1.73% MANAGEMENT 4.58% PROPERTY 1.32% CONSULTANCY 3.57% CONSULTANCY 1.25% PROPERTY 2.66% CONSTRUCTION 0.83% CONSTRUCTION 2.12% BUILDING 0.81% ENGINEERING 2.10% J 0.79% CARE 2.02% CARE 0.79% TRADING 1.94% TRAINING 0.76% LONDON 1.93% ENGINEERING 0.72% TRANSPORT 1.93% ELECTRICAL 0.72% DESIGN 1.66% BUSINESS 0.69% CONSULTANTS 1.64% DESIGN 0.62% ELECTRICAL 1.62% ASSOCIATES 0.62% PROPERTIES 1.62% DEVELOPMENTS 0.58% BUSINESS 1.56% S 0.55% J 1.54% TRANSPORT 0.55% CO., 1.50% HOLDINGS 0.55% GLOBAL 1.49% WORCESTER 0.55% INVESTMENTS 1.48% C 0.53% ASSOCIATES 1.47% SYSTEMS 0.48% DEVELOPMENTS 1.35% M 0.48% MEDIA 1.33% PROPERTIES 0.44% IT 1.31% CONSULTANTS 0.44% BUILDING 1.29% R 0.44% 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 1,123 265,608 82990 - Other business support service activities not elsewhere classified 451 58,068 99999 - Dormant Company 351 48,509 70229 - Management consultancy activities other than financial management 250 42,290 62020 - Information technology consultancy activities 149 30,178 74909 - Other professional, scientific and technical activities not elsewhere classified 149 19,049 96090 - Other service activities not elsewhere classified 115 29,009 41100 - Development of building projects 86 11,397 86900 - Other human health activities 84 12,976 74990 - Non-trading company 79 13,984 47910 - Retail sale via mail order houses or via Internet 69 10,107 56302 - Public houses and bars 67 6,285 43999 - Other specialised construction activities not elsewhere classified 66 8,761 49410 - Freight transport by road 64 10,842 62090 - Other information technology service activities 63 12,837 69201 - Accounting and auditing activities 55 7,528 68209 - Other letting and operating of own or leased real estate 52 11,212 43210 - Electrical installation 49 5,985 96020 - Hairdressing and other beauty treatment 48 6,742 43390 - Other building completion and finishing 46 5,931
Recent Companies
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Randomly selected companies from this quarter
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