Workington, Cumbria
2012 Annual Business Confidence Report
Headlines
- October 2012 saw a new record in company closures in Workington when compared to any previous October.
Contents
New Company Registrations
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Annual Data (2012)
A total of 124 companies were formed in Workington in 2012. This total is 21.6% higher than in 2011 and compares favourably to the UK figure of a 8.6% growth compared to 452,870 the previous year.
Year Workington UK 2012 124 491,893 2011 102 452,870 2010 103 400,358 2009 67 362,675 2008 105 349,203 Record Year 2002 (178) 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 63 companies were formed in Workington. This figure is 10.5% higher than last year, which compares well to the UK wide figure of 6.5%.
The highest total for a second half year in Workington occurred in 2002 when a total of 131 were formed.
Half Year (Jul-Dec) Workington UK 2012 63 238,743 2011 57 224,135 % change 10.5% 6.5% Record Year 2002 (131) 2012 (238,743) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
A total of 31 companies were registered in Workington during the fourth quarter of 2012 (Oct 2012 - Dec 2012).
This figure is an increase of 24.0% versus the same period last year (Q4 2011). This figure compares well 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) Workington UK 2012 31 119,875 2011 25 109,623 % change 24.0% 9.4% Record Year 2002 (56) 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 11 8 12 New companies in 2011 9 10 6 % change 22.2% -20.0% 100.0% Record Year 2002 (21) 2006 (13) 2002 (22)
Closed Companies (dissolved)
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Annual Data (2012)
A total of 78 companies were dissolved in Workington in 2012. This total is 1.3% higher than in 2011 and compares favourably to the UK figure of 6.6% decrease compared to the previous year.
Year Workington UK 2012 78 293,728 2011 77 314,524 2010 84 342,233 2009 90 533,787 2008 51 237,873 Record Year 2004 (205) 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 38 companies were dissolved in Workington. This figure is 2.6% lower than last year, which compares badly to the UK wide change of -4.1%.
The highest total for a second half year in Workington occurred in 2004 when a total of 147 were closed.
Half Year (Jul-Dec) Workington UK 2012 38 145,934 2011 39 152,213 % change -2.6% -4.1% Record Year 2004 (147) 2009 (244,543) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
A total of 19 companies were dissolved in Workington during the fourth quarter of 2012 (Oct 2012 - Dec 2012).
This figure is an increase of 5.6% 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) Workington UK 2012 19 70,026 2011 18 79,983 % change 5.6% -12.4% Record Year 2004 (139) 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 Workington when compared to any previous October.
Dissolved Companies by Month
October November December Closed companies in 2012 9 6 4 Closed companies in 2011 5 6 7 % change 80.0% 0.0% -43% Record Year 2012 (9) 2009 (7) 2004 (132)
Net Company Growth
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Annual Data (2012)
A total of 46 companies were added to the company register for Workington in 2012. This number represents growth of 45.1% in the total number of active companies, which compares favourably to the UK figure of 43.8%.
This number is 21 companies higher than the previous year.
The highest net company growth figure ever seen in one year came in 2003 when the Workington company register grew by 150 companies.
Year Workington UK 2012 46 198,165 2011 25 138,346 2010 19 58,125 2009 -23 -171,112 2008 54 111,330 Record Year 2003 (150) 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 Workington increased by 25 companies.
Half Year (Jul-Dec) Workington UK 2012 25 92,809 2011 18 71,922 Record Year 2002 (118) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
Net company growth for Workington during the fourth quarter of 2012 (Oct 2012 - Dec 2012) was 12 companies.
fourth quarter (Oct 2012 - Dec 2012) Workington UK 2012 12 49,849 2011 7 29,640 Record Year 2002 (48) 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 2 2 8 Net growth in 2011 4 4 -1 Record Year 2002 (20) 2002 (9) 2002 (19)
UK Company Share
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Annual Data (2012)
In 2012 Workington formed 0.0% of all UK companies. This is no change on 2011 when Workington was responsible for 0.0% of all UK companies.
Year Workington 2012 0.0% 2011 0.0% 2010 0.0% 2009 0.0% 2008 0.0% Record Year (since 1960) 2002 (0.1%) Company Share by Year
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Half Year Data (Jul-Dec 2012)
In the second half of 2012 Workington formed 0.0% of all UK companies. This is the same as the 2011 figure of 0.0%.
Half Year (Jul-Dec) Workington 2012 0.0% 2011 0.0% 2010 0.0% 2009 0.0% 2008 0.0% Record Year (since 1960) 1969 (0.1%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
In the fourth quarter of 2012, Workington formed 0.0% of all UK companies.
fourth quarter (Oct 2012 - Dec 2012) Workington 2012 0.0% 2011 0.0% 2010 0.0% 2009 0.0% 2008 0.0% Record Year (since 1960) 1969 (0.1%) 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 0.0% 0.0% 0.0% UK formation share in 2011 0.0% 0.0% 0.0% % change 2.6% -23.8% 94.9% Record Year 1969 (0.2%) 1969 (0.2%) 1966 (0.2%)
Director Age
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Annual Data (2012)
The average age of a director in 2012 was 42.1.
The percentage of directors under the age of 25 was 4.9% compared to the UK figure of 3.8%.
The percentage of directors over the age of 65 was 1.4% 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 42.2.
The percentage of directors under the age of 25 was 1.8% compared to the UK figure of 4.3%.
The percentage of directors over the age of 65 was 0.0% 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 41.6.
The percentage of directors under the age of 25 was 0.0% compared to the UK figure of 4.4%.
The percentage of directors over the age of 65 was 0.0% 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 Workington was 1860 when 35.7% of all directors were female.
The percentage of female directors in Workington in 2012 was 37.6%. 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 Workington was 1860 when 42.9% of all directors were female.
36.8% of all director appointments in Workington 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 Workington was in 1977 when 31.2% of all directors were female.
31.3% of all director appointments in Workington 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 ENGINEERING 2.85% CONSULTING 5.15% (CUMBRIA) 2.85% MANAGEMENT 4.78% PROJECT 2.44% CONSULTANCY 3.31% CONSULTING 1.63% PROPERTY 2.40% ELECTRICAL 1.63% TRADING 2.03% MANAGEMENT 1.63% DESIGN 1.86% HARPERS 1.63% ASSOCIATES 1.82% ROOFING 1.22% ENGINEERING 1.79% WORKINGTON 1.22% BUSINESS 1.76% BAR 1.22% CONSULTANTS 1.75% C 1.22% CONSTRUCTION 1.69% D 1.22% LONDON 1.69% PROPERTY 1.22% MEDIA 1.69% CUMBRIA 1.22% GLOBAL 1.59% M 1.22% J 1.57% NUCLEAR 0.81% INVESTMENTS 1.46% J 0.81% IT 1.43% STANLEY'S 0.81% CARE 1.39% PROACTIVE 0.81% PROPERTIES 1.34% CATERING 0.81% M 1.26% BUILDERS 0.81% BUILDING 1.23% LEARN 0.81% ENTERPRISES 1.21% K 0.81% TRAINING 1.18% WEST 0.81% ELECTRICAL 1.17% CONTRACTING 0.81% 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 34 236,139 74909 - Other professional, scientific and technical activities not elsewhere classified 14 15,572 70229 - Management consultancy activities other than financial management 12 30,396 99999 - Dormant Company 11 40,648 82990 - Other business support service activities not elsewhere classified 10 52,427 71129 - Other engineering activities 9 3,763 74990 - Non-trading company 8 13,808 43210 - Electrical installation 6 5,304 96090 - Other service activities not elsewhere classified 5 22,058 43999 - Other specialised construction activities not elsewhere classified 4 6,419 56302 - Public houses and bars 4 4,543 03110 - Marine fishing 3 218 41202 - Construction of domestic buildings 3 4,882 43320 - Joinery installation 2 1,876 82110 - Combined office administrative service activities 2 1,566 93130 - Fitness facilities 2 1,015 49320 - Taxi operation 2 1,427 90040 - Operation of arts facilities 2 562 71122 - Engineering related scientific and technical consulting activities 2 2,019 7414 - Business & management consultancy 2 2,089
Recent Companies
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Randomly selected companies from this quarter
COMPANY NUMBER COMPANY NAME INCORPORATION DATE 08277283 JACKAL OUTDOORS LIMITED 01 Nov 2012 08279886 BONELECTRICS LIMITED 05 Nov 2012 08285662 NAFF TATTS UK LIMITED 08 Nov 2012 08289532 C CRIPPS ELECTRICAL LIMITED 12 Nov 2012 08305837 SJH ENTERPRISES LTD 23 Nov 2012 08307019 RAM 10 LIMITED 26 Nov 2012 08307711 LOVAN LIMITED 26 Nov 2012 08314247 AGA ENGINEERING LIMITED 30 Nov 2012