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

  1. New Company Registrations
  2. Closed Companies (dissolved)
  3. Net Company Growth
  4. UK Company Share
  5. Director Age
  6. Director Gender
  7. Naming Trends
  8. SIC Data
  9. Recent Companies

New Company Registrations

  1. 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.

    YearWorkingtonUK
    2012124491,893
    2011102452,870
    2010103400,358
    200967362,675
    2008105349,203
    Record Year2002 (178)2012 (491,893)
    New Companies by Year
  2. 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)WorkingtonUK
    201263238,743
    201157224,135
    % change10.5%6.5%
    Record Year2002 (131)2012 (238,743)
    New Companies by Half Year
  3. 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)WorkingtonUK
    201231119,875
    201125109,623
    % change24.0%9.4%
    Record Year 2002 (56) 2012 (119,875)
    New Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2012)

    New Companies by Month
    OctoberNovemberDecember
    New companies in 201211812
    New companies in 20119106
    % change22.2%-20.0%100.0%
    Record Year2002 (21)2006 (13)2002 (22)

Closed Companies (dissolved)

  1. 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.

    YearWorkingtonUK
    201278293,728
    201177314,524
    201084342,233
    200990533,787
    200851237,873
    Record Year2004 (205)2009 (533,787)
    Dissolved Companies by Year
  2. 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)WorkingtonUK
    201238145,934
    201139152,213
    % change-2.6%-4.1%
    Record Year2004 (147)2009 (244,543)
    Dissolved Companies by Half Year
  3. 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)WorkingtonUK
    20121970,026
    20111879,983
    % change5.6%-12.4%
    Record Year 2004 (139) 2009 (85,139)
    Dissolved Companies by Quarter
  4. 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
    OctoberNovemberDecember
    Closed companies in 2012964
    Closed companies in 2011567
    % change80.0%0.0%-43%
    Record Year2012 (9)2009 (7)2004 (132)

Net Company Growth

  1. 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.

    YearWorkingtonUK
    201246198,165
    201125138,346
    20101958,125
    2009-23-171,112
    200854111,330
    Record Year2003 (150)2003 (242,541)
    Net Growth by Year
  2. 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)WorkingtonUK
    20122592,809
    20111871,922
    Record Year2002 (118)2003 (117,772)
    Net Growth by Half Year
  3. 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)WorkingtonUK
    20121249,849
    2011729,640
    Record Year 2002 (48) 2003 (57,175)
    Net Growth by Quarter
  4. Monthly Data (Oct, Nov & Dec 2012)

    Net Growth by Month
    OctoberNovemberDecember
    Net growth in 2012228
    Net growth in 201144-1
    Record Year2002 (20)2002 (9)2002 (19)

UK Company Share

  1. 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.

    YearWorkington
    20120.0%
    20110.0%
    20100.0%
    20090.0%
    20080.0%
    Record Year (since 1960)2002 (0.1%)
    Company Share by Year
  2. 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
    20120.0%
    20110.0%
    20100.0%
    20090.0%
    20080.0%
    Record Year (since 1960) 1969 (0.1%)
    Company Share by Half Year
  3. 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
    20120.0%
    20110.0%
    20100.0%
    20090.0%
    20080.0%
    Record Year (since 1960) 1969 (0.1%)
    Company Share by Quarter
  4. Monthly Data (Oct, Nov & Dec 2012)

    Company Share by Month
    OctoberNovemberDecember
    UK formation share in 20120.0%0.0%0.0%
    UK formation share in 20110.0%0.0%0.0%
    % change2.6%-23.8%94.9%
    Record Year1969 (0.2%)1969 (0.2%)1966 (0.2%)

Director Age

  1. 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
  2. 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
  3. 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

  1. 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
  2. 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
  3. 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

  1. Previous 12 months (Dec 2011-Dec 2012)

    Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.

    wordpercentageuk worduk percentage
    ENGINEERING2.85%CONSULTING5.15%
    (CUMBRIA)2.85%MANAGEMENT4.78%
    PROJECT2.44%CONSULTANCY3.31%
    CONSULTING1.63%PROPERTY2.40%
    ELECTRICAL1.63%TRADING2.03%
    MANAGEMENT1.63%DESIGN1.86%
    HARPERS1.63%ASSOCIATES1.82%
    ROOFING1.22%ENGINEERING1.79%
    WORKINGTON1.22%BUSINESS1.76%
    BAR1.22%CONSULTANTS1.75%
    C1.22%CONSTRUCTION1.69%
    D1.22%LONDON1.69%
    PROPERTY1.22%MEDIA1.69%
    CUMBRIA1.22%GLOBAL1.59%
    M1.22%J1.57%
    NUCLEAR0.81%INVESTMENTS1.46%
    J0.81%IT1.43%
    STANLEY'S0.81%CARE1.39%
    PROACTIVE0.81%PROPERTIES1.34%
    CATERING0.81%M1.26%
    BUILDERS0.81%BUILDING1.23%
    LEARN0.81%ENTERPRISES1.21%
    K0.81%TRAINING1.18%
    WEST0.81%ELECTRICAL1.17%
    CONTRACTING0.81%SECURITY1.17%

SIC Data

  1. Previous 36 months, excluding companies less than 12 months old

    sic codenumber of companiesuk companies
    None Supplied34236,139
    74909 - Other professional, scientific and technical activities not elsewhere classified1415,572
    70229 - Management consultancy activities other than financial management1230,396
    99999 - Dormant Company1140,648
    82990 - Other business support service activities not elsewhere classified1052,427
    71129 - Other engineering activities93,763
    74990 - Non-trading company813,808
    43210 - Electrical installation65,304
    96090 - Other service activities not elsewhere classified522,058
    43999 - Other specialised construction activities not elsewhere classified46,419
    56302 - Public houses and bars44,543
    03110 - Marine fishing3218
    41202 - Construction of domestic buildings34,882
    43320 - Joinery installation21,876
    82110 - Combined office administrative service activities21,566
    93130 - Fitness facilities21,015
    49320 - Taxi operation21,427
    90040 - Operation of arts facilities2562
    71122 - Engineering related scientific and technical consulting activities22,019
    7414 - Business & management consultancy22,089

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    08316131 AE SQUARED CONSULTING LIMITED 03 Dec 2012
    08318076 EASTMAN CHEMICAL NETHERLANDS LIMITED 04 Dec 2012
    08322920 SJE-ESTATES LTD 07 Dec 2012
    08323287 W WRIGHT & SONS JOINERY LTD 07 Dec 2012
    08324713 MJN TECH LIMITED 10 Dec 2012
    08327904 BECCAL LIMITED 12 Dec 2012
    08331020 TREVORPEPPER LIMITED 14 Dec 2012
    08332223 JE NDT SERVICES LTD 14 Dec 2012
    08333327 BOXER LEISURE LIMITED 17 Dec 2012
    08334814 CHASERIN LIMITED 18 Dec 2012
    08335303 K J G DEVELOPMENTS LIMITED 18 Dec 2012
    08342768 CA14 3BW LIMITED 31 Dec 2012

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