Workington, Cumbria
2013 Annual Business Confidence Report
NOTICE: We have improved our calculations of the statistics in these reports, so some figures and records may not match previous reports.
Headlines
- November 2013 saw a new record in company closures in Workington when compared to any previous November.
Contents
New Company Registrations
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Annual Data (2013)
A total of 131 companies were formed in Workington in 2013. This total is 5.6% higher than in 2012 and compares equally to the UK figure of a 7.6% growth compared to 491,893 the previous year.
Year Workington UK 2013 131 529,363 2012 124 491,893 2011 102 452,870 2010 103 400,358 2009 67 362,675 Record Year 2013 (131) 2013 (529,363) New Companies by Year
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Half Year Data (Jul-Dec 2013)
In the second half of 2013 a total of 66 companies were formed in Workington. This figure is 4.8% higher than last year, which compares badly to the UK wide figure of 8.9%.
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 2013 66 259,931 2012 63 238,743 % change 4.8% 8.9% Record Year 2002 (131) 2013 (259,931) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
A total of 37 companies were registered in Workington during the fourth quarter of 2013 (Oct 2013 - Dec 2013).
This figure is an increase of 19.4% versus the same period last year (Q4 2012). This figure compares well to the UK as a whole, which saw an increase of 6.1% against the same period last year.
fourth quarter (Oct 2013 - Dec 2013) Workington UK 2013 37 127,247 2012 31 119,875 % change 19.4% 6.1% Record Year 2013 (37) 2013 (127,247) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2013)
New Companies by Month
October November December New companies in 2013 15 9 13 New companies in 2012 11 8 12 % change 36.4% 12.5% 8.3% Record Year 2002 (21) 2002 (13) 2002 (22)
Closed Companies (dissolved)
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Annual Data (2013)
A total of 73 companies were dissolved in Workington in 2013. This total is 6.4% lower than in 2012 and compares unfavourably to the UK figure of 13.1% growth compared to the previous year.
Year Workington UK 2013 73 332,213 2012 78 293,729 2011 77 314,524 2010 84 342,233 2009 90 533,789 Record Year 2004 (205) 2009 (533,789) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2013)
In the second half of 2013 a total of 41 companies were dissolved in Workington. This figure is 7.9% higher than last year, which compares well to the UK wide change of 21.3%.
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 2013 41 177,021 2012 38 145,935 % change 7.9% 21.3% Record Year 2004 (147) 2009 (244,544) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
A total of 21 companies were dissolved in Workington during the fourth quarter of 2013 (Oct 2013 - Dec 2013).
This figure is an increase of 10.5% versus the same period last year (Q4 2012). This figure compares well to the UK as a whole, which saw an increase of 29.7% against the same period last year.
fourth quarter (Oct 2013 - Dec 2013) Workington UK 2013 21 90,851 2012 19 70,027 % change 10.5% 29.7% Record Year 2004 (139) 2013 (90,851) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2013)
November 2013 saw a new record in company closures in Workington when compared to any previous November.
Dissolved Companies by Month
October November December Closed companies in 2013 6 8 7 Closed companies in 2012 9 6 4 % change -33.3% 33.3% 75% Record Year 2012 (9) 2013 (8) 2004 (132)
Net Company Growth
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Annual Data (2013)
A total of 58 companies were added to the company register for Workington in 2013. This number represents growth of 44.3% in the total number of active companies, which compares favourably to the UK figure of 37.2%.
This number is 12 companies higher than the previous year.
The highest net company growth figure ever seen in one year came in 2007 when the Workington company register grew by 88 companies.
Year Workington UK 2013 58 197,150 2012 46 198,164 2011 25 138,346 2010 19 58,125 2009 -23 -171,114 Record Year 2007 (88) 2007 (237,353) Net Growth by Year
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Half Year Data (Jul-Dec 2013)
In the second half of 2013 the company register for Workington increased by 25 companies.
Half Year (Jul-Dec) Workington UK 2013 25 82,910 2012 25 92,808 Record Year 2002 (118) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
Net company growth for Workington during the fourth quarter of 2013 (Oct 2013 - Dec 2013) was 16 companies.
fourth quarter (Oct 2013 - Dec 2013) Workington UK 2013 16 36,396 2012 12 49,848 Record Year 2013 (16) 2012 (49,848) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2013)
Net Growth by Month
October November December Net growth in 2013 9 1 6 Net growth in 2012 2 2 8 Record Year 2002 (20) 2002 (9) 2002 (19)
UK Company Share
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Annual Data (2013)
In 2013 Workington formed 0.0% of all UK companies. This is no change on 2012 when Workington was responsible for 0.0% of all UK companies.
Year Workington 2013 0.0% 2012 0.0% 2011 0.0% 2010 0.0% 2009 0.0% Record Year (since 1960) 2002 (0.1%) Company Share by Year
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Half Year Data (Jul-Dec 2013)
In the second half of 2013 Workington formed 0.0% of all UK companies. This is the same as the 2012 figure of 0.0%.
Half Year (Jul-Dec) Workington 2013 0.0% 2012 0.0% 2011 0.0% 2010 0.0% 2009 0.0% Record Year (since 1960) 2002 (0.1%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
In the fourth quarter of 2013, Workington formed 0.0% of all UK companies.
fourth quarter (Oct 2013 - Dec 2013) Workington 2013 0.0% 2012 0.0% 2011 0.0% 2010 0.0% 2009 0.0% Record Year (since 1960) 2002 (0.1%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2013)
Company Share by Month
October November December UK formation share in 2013 0.0% 0.0% 0.0% UK formation share in 2012 0.0% 0.0% 0.0% % change 26.8% 10.6% -1.6% Record Year 1998 (0.1%) 1992 (0.1%) 2002 (0.1%)
Director Age
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Annual Data (2013)
The average age of a director in 2013 was 45.1.
The percentage of directors under the age of 25 was 4.2% compared to the UK figure of 3.9%.
The percentage of directors over the age of 65 was 4.7% compared to the UK figure of 4.2%.
Director Age by Year
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Half Year Data (Jul-Dec 2013)
The average age of a director in the second half of 2013 was 44.1.
The percentage of directors under the age of 25 was 2.3% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 7.0% compared to the UK figure of 4.8%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
The average age of a director in the fourth quarter of 2013 was 44.8.
The percentage of directors under the age of 25 was 4.1% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 6.8% compared to the UK figure of 5.1%.
Director Age by Quarter
Director Gender
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Annual Data (2013)
The record year for female directors in Workington was 2002 when 54.4% of all directors were female.
The percentage of female directors in Workington in 2013 was 38.3%. The average for the UK during this time was 26.0%
Director Gender by Year
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Half Year Data (Jul-Dec 2013)
The record second half year for female directors in Workington was 2005 when 45.8% of all directors were female.
35.2% of all director appointments in Workington in the second half of 2013 were female. This compares to a UK average of 25.9% for the same period.
Director Gender by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
The record fourth quarter for female directors in Workington was in 2004 when 53.4% of all directors were female.
35.1% of all director appointments in Workington in the fourth quarter of 2013 were female. This compares to a UK average of 25.6% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Dec 2012-Dec 2013)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage ENGINEERING 4.05% CONSULTING 5.22% CUMBRIA 2.83% MANAGEMENT 4.72% (CUMBRIA) 2.43% CONSULTANCY 3.45% CONSTRUCTION 2.02% PROPERTY 2.59% MANAGEMENT 2.02% TRADING 2.08% INSPECTION 1.62% ENGINEERING 1.87% WEST 1.62% LONDON 1.86% JW 1.21% DESIGN 1.76% PROJECTS 1.21% CONSTRUCTION 1.73% PROJECT 1.21% CARE 1.73% ROOFING 0.81% BUSINESS 1.71% PHARMA 0.81% CONSULTANTS 1.68% HOLDINGS 0.81% GLOBAL 1.58% CONTRACTOR 0.81% INVESTMENTS 1.56% MD 0.81% PROPERTIES 1.54% CENTRE 0.81% ASSOCIATES 1.53% CONSULTING 0.81% J 1.51% D 0.81% MEDIA 1.50% NUCLEAR 0.81% IT 1.35% PROPERTY 0.81% DEVELOPMENTS 1.23% J 0.81% M 1.23% CLEANING 0.81% BUILDING 1.21% ENTERPRISES 0.81% ELECTRICAL 1.20% PROPERTIES 0.81% CAPITAL 1.19% CONSULTANTS 0.81% ENERGY 1.14%
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 51 266,814 74909 - Other professional, scientific and technical activities not elsewhere classified 21 18,034 71129 - Other engineering activities 19 5,158 70229 - Management consultancy activities other than financial management 14 36,164 74990 - Non-trading company 8 14,223 82990 - Other business support service activities not elsewhere classified 7 55,342 56302 - Public houses and bars 6 5,503 96090 - Other service activities not elsewhere classified 6 26,001 99999 - Dormant Company 5 46,762 71122 - Engineering related scientific and technical consulting activities 5 2,893 43999 - Other specialised construction activities not elsewhere classified 4 7,823 93130 - Fitness facilities 4 1,402 43910 - Roofing activities 3 1,337 43210 - Electrical installation 3 5,730 82110 - Combined office administrative service activities 3 2,185 45200 - Maintenance and repair of motor vehicles 3 4,987 56101 - Licensed restaurants 3 7,685 47910 - Retail sale via mail order houses or via Internet 2 8,879 42990 - Construction of other civil engineering projects not elsewhere classified 2 2,351 74902 - Quantity surveying activities 2 1,122
Recent Companies
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Randomly selected companies from this quarter
COMPANY NUMBER COMPANY NAME INCORPORATION DATE 08759066 MILBURNS SOLICITORS LIMITED 01 Nov 2013 08765647 P&JR SERVICES LIMITED 07 Nov 2013 08768417 DEAN NICHOLSON ENGINEERING LIMITED 08 Nov 2013 08768458 LR INSPECTION LIMITED 08 Nov 2013 08769041 DMQSFIT LIMITED 11 Nov 2013 08779430 SUMMERGROVE HALLS LIMITED 18 Nov 2013 08782144 M2C2 CONSULTING LTD 19 Nov 2013 08789923 LIVE LOUNGE 41 LTD 26 Nov 2013 08796970 EWAN VICKERS LTD 29 Nov 2013