Worcestershire
Q1 2015 Business Confidence Report
Headlines
- Q1 2015 saw a new record in company registrations in Worcestershire when compared to any previous Q1.
- Q1 2015 was a record quarter for company registrations in Worcestershire when compared to any quarter in history.
- March 2015 saw a new record in company registrations in Worcestershire when compared to any previous March.
- March 2015 was a record month for company registrations in Worcestershire when compared to any month in history.
- February 2015 saw a new record in company closures in Worcestershire when compared to any previous February.
Contents
New Company Registrations
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Quarterly Data (Q1 Jan-Mar 2015)
Q1 2015 saw a new record in company registrations in Worcestershire when compared to any previous Q1.
Q1 2015 was a record quarter for company registrations in Worcestershire when compared to any quarter in history.
A total of 961 companies were registered in Worcestershire during the first quarter of 2015 (Jan 2015 - Mar 2015).
This figure is an increase of 4.0% versus the same period last year (Q1 2014). This figure compares badly to the UK as a whole, which saw an increase of 6.9% against the same period last year.
first quarter (Jan 2015 - Mar 2015) Worcestershire UK 2015 961 161,156 2014 924 150,722 % change 4.0% 6.9% Record Year 2015 (961) 2007 (166,814) New Companies by Quarter
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Monthly Data (Jan, Feb & Mar 2015)
March 2015 saw a new record in company registrations in Worcestershire when compared to any previous March.
March 2015 was a record month for company registrations in Worcestershire when compared to any month in history.
New Companies by Month
January February March New companies in 2015 270 314 377 New companies in 2014 319 259 346 % change -15.4% 21.2% 9.0% Record Year 2014 (319) 2012 (319) 2015 (377)
Closed Companies (dissolved)
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Quarterly Data (Q1 Jan-Mar 2015)
A total of 604 companies were dissolved in Worcestershire during the first quarter of 2015 (Jan 2015 - Mar 2015).
This figure is an increase of 14.0% versus the same period last year (Q1 2014). This figure compares poorly to the UK as a whole, which saw an increase of 8.7% against the same period last year.
first quarter (Jan 2015 - Mar 2015) Worcestershire UK 2015 604 89,523 2014 530 82,370 % change 14.0% 8.7% Record Year 2010 (614) 2009 (108,066) Dissolved Companies by Quarter
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Monthly Data (Jan, Feb & Mar 2015)
February 2015 saw a new record in company closures in Worcestershire when compared to any previous February.
Dissolved Companies by Month
January February March Closed companies in 2015 163 209 232 Closed companies in 2014 162 179 189 % change 0.6% 16.8% 23% Record Year 2011 (235) 2015 (209) 2009 (284)
Net Company Growth
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Quarterly Data (Q1 Jan-Mar 2015)
Net company growth for Worcestershire during the first quarter of 2015 (Jan 2015 - Mar 2015) was 357 companies.
first quarter (Jan 2015 - Mar 2015) Worcestershire UK 2015 357 71,633 2014 394 68,352 Record Year 2007 (472) 2007 (111,282) Net Growth by Quarter
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Monthly Data (Jan, Feb & Mar 2015)
Net Growth by Month
January February March Net growth in 2015 107 105 145 Net growth in 2014 157 80 157 Record Year 2014 (157) 2012 (206) 2008 (229)
UK Company Share
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Quarterly Data (Q1 Jan-Mar 2015)
In the first quarter of 2015, Worcestershire formed 0.6% of all UK companies.
first quarter (Jan 2015 - Mar 2015) Worcestershire 2015 0.6% 2014 0.6% 2013 0.6% 2012 0.6% 2011 0.7% Record Year (since 1960) 2003 (0.8%) Company Share by Quarter
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Monthly Data (Jan, Feb & Mar 2015)
Company Share by Month
January February March UK formation share in 2015 0.6% 0.6% 0.6% UK formation share in 2014 0.7% 0.5% 0.6% % change -17.0% 11.7% -0.7% Record Year 2002 (1.0%) 2003 (0.9%) 1991 (0.9%)
Director Age
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Quarterly Data (Q1 Jan-Mar 2015)
The average age of a director in the first quarter of 2015 was 46.0.
The percentage of directors under the age of 25 was 5.7% compared to the UK figure of 4.1%.
The percentage of directors over the age of 65 was 3.0% compared to the UK figure of 3.6%.
Director Age by Quarter
Director Gender
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Quarterly Data (Q1 Jan-Mar 2015)
The record first quarter for female directors in Worcestershire was in 2007 when 35.0% of all directors were female.
28.4% of all director appointments in Worcestershire in the first quarter of 2015 were female. This compares to a UK average of 26.4% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Mar 2014-Mar 2015)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage MANAGEMENT 1.94% CONSULTING 5.23% CONSULTING 1.55% MANAGEMENT 4.56% CONSULTANCY 1.30% CONSULTANCY 3.62% PROPERTY 1.25% PROPERTY 2.72% J 1.05% CONSTRUCTION 2.19% ENGINEERING 0.91% CARE 2.13% CARE 0.80% ENGINEERING 2.12% DESIGN 0.80% LONDON 1.91% ELECTRICAL 0.75% TRADING 1.88% CONSTRUCTION 0.71% TRANSPORT 1.82% BUILDING 0.68% ELECTRICAL 1.76% BUSINESS 0.68% DESIGN 1.65% TRAINING 0.66% PROPERTIES 1.63% TRANSPORT 0.62% CO., 1.58% ASSOCIATES 0.62% J 1.55% DEVELOPMENTS 0.59% CONSULTANTS 1.54% M 0.55% BUSINESS 1.49% HOLDINGS 0.50% INVESTMENTS 1.49% C 0.48% GLOBAL 1.46% CONSULTANTS 0.48% ASSOCIATES 1.44% R 0.48% DEVELOPMENTS 1.36% WORCESTER 0.48% BUILDING 1.31% INVESTMENTS 0.46% IT 1.30% GROUP 0.46% MEDIA 1.28% S 0.46% M 1.27%
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 1,259 288,953 82990 - Other business support service activities not elsewhere classified 473 58,522 99999 - Dormant Company 331 49,474 70229 - Management consultancy activities other than financial management 249 43,081 74909 - Other professional, scientific and technical activities not elsewhere classified 152 19,098 62020 - Information technology consultancy activities 151 30,825 96090 - Other service activities not elsewhere classified 117 29,218 41100 - Development of building projects 89 11,863 86900 - Other human health activities 87 13,990 62090 - Other information technology service activities 72 12,862 74990 - Non-trading company 72 13,794 47910 - Retail sale via mail order houses or via Internet 69 10,200 43999 - Other specialised construction activities not elsewhere classified 67 9,080 56302 - Public houses and bars 66 6,355 49410 - Freight transport by road 62 12,485 68209 - Other letting and operating of own or leased real estate 57 11,600 69201 - Accounting and auditing activities 54 7,682 47990 - Other retail sale not in stores, stalls or markets 52 6,557 43210 - Electrical installation 52 6,139 96020 - Hairdressing and other beauty treatment 49 6,815
Recent Companies
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Randomly selected companies from this quarter
reports
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