Workington, Cumbria
2014 Annual Business Confidence Report
Headlines
- November 2014 saw a new record in company registrations in Workington when compared to any previous November.
Contents
New Company Registrations
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Annual Data (2014)
A total of 169 companies were formed in Workington in 2014. This total is 29.0% higher than in 2013 and compares favourably to the UK figure of a 10.0% growth compared to 529,363 the previous year.
Year Workington UK 2014 169 582,051 2013 131 529,363 2012 124 491,893 2011 102 452,870 2010 103 400,358 Record Year 2014 (169) 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 77 companies were formed in Workington. This figure is 16.7% higher than last year, which compares well to the UK wide figure of 8.2%.
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 2014 77 281,320 2013 66 259,931 % change 16.7% 8.2% Record Year 2002 (131) 2014 (281,320) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
A total of 39 companies were registered in Workington during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is an increase of 5.4% versus the same period last year (Q4 2013). This figure compares equally 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) Workington UK 2014 39 137,906 2013 37 127,247 % change 5.4% 8.4% Record Year 2014 (39) 2014 (137,906) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
November 2014 saw a new record in company registrations in Workington when compared to any previous November.
New Companies by Month
October November December New companies in 2014 13 15 11 New companies in 2013 15 9 13 % change -13.3% 66.7% -15.4% Record Year 2002 (21) 2014 (15) 2002 (22)
Closed Companies (dissolved)
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Annual Data (2014)
A total of 79 companies were dissolved in Workington in 2014. This total is 8.2% higher than in 2013 and compares unfavourably to the UK figure of 10.8% growth compared to the previous year.
Year Workington UK 2014 79 367,937 2013 73 332,213 2012 78 293,729 2011 77 314,524 2010 84 342,233 Record Year 2009 (90) 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 36 companies were dissolved in Workington. This figure is 12.2% lower than last year, which compares well to the UK wide change of 7.7%.
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 2014 36 190,730 2013 41 177,021 % change -12.2% 7.7% Record Year 2004 (147) 2009 (244,544) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
A total of 17 companies were dissolved in Workington during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is a decrease of 19.0% 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) Workington UK 2014 17 89,060 2013 21 90,851 % change -19.0% -2.0% Record Year 2009 (23) 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 1 8 8 Closed companies in 2013 6 8 7 % change -83.3% 0.0% 14% Record Year 2012 (9) 2013 (8) 2004 (132)
Net Company Growth
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Annual Data (2014)
A total of 90 companies were added to the company register for Workington in 2014. This number represents growth of 53.3% in the total number of active companies, which compares favourably to the UK figure of 36.8%.
This number is 32 companies higher than the previous year.
The highest net company growth figure ever seen in one year came in 2014 when the Workington company register grew by 90 companies.
Year Workington UK 2014 90 214,114 2013 58 197,150 2012 46 198,164 2011 25 138,346 2010 19 58,125 Record Year 2014 (90) 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 Workington increased by 41 companies.
Half Year (Jul-Dec) Workington UK 2014 41 90,590 2013 25 82,910 Record Year 2002 (118) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
Net company growth for Workington during the fourth quarter of 2014 (Oct 2014 - Dec 2014) was 22 companies.
fourth quarter (Oct 2014 - Dec 2014) Workington UK 2014 22 48,846 2013 16 36,396 Record Year 2014 (22) 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 12 7 3 Net growth in 2013 9 1 6 Record Year 2002 (20) 2002 (9) 2002 (19)
UK Company Share
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Annual Data (2014)
In 2014 Workington formed 0.0% of all UK companies. This is no change on 2013 when Workington was responsible for 0.0% of all UK companies.
Year Workington 2014 0.0% 2013 0.0% 2012 0.0% 2011 0.0% 2010 0.0% Record Year (since 1960) 2002 (0.1%) Company Share by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 Workington formed 0.0% of all UK companies. This is the same as the 2013 figure of 0.0%.
Half Year (Jul-Dec) Workington 2014 0.0% 2013 0.0% 2012 0.0% 2011 0.0% 2010 0.0% Record Year (since 1960) 2002 (0.1%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
In the fourth quarter of 2014, Workington formed 0.0% of all UK companies.
fourth quarter (Oct 2014 - Dec 2014) Workington 2014 0.0% 2013 0.0% 2012 0.0% 2011 0.0% 2010 0.0% Record Year (since 1960) 2002 (0.1%) 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 0.0% 0.0% 0.0% UK formation share in 2013 0.0% 0.0% 0.0% % change -17.8% 57.9% -27.7% Record Year 1998 (0.1%) 1992 (0.1%) 2002 (0.1%)
Director Age
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Annual Data (2014)
The average age of a director in 2014 was 43.8.
The percentage of directors under the age of 25 was 2.3% compared to the UK figure of 4.0%.
The percentage of directors over the age of 65 was 4.6% 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 42.1.
The percentage of directors under the age of 25 was 1.5% 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 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 41.0.
The percentage of directors under the age of 25 was 3.4% compared to the UK figure of 3.8%.
The percentage of directors over the age of 65 was 6.8% 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 Workington was 2002 when 54.4% of all directors were female.
The percentage of female directors in Workington in 2014 was 34.9%. 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 Workington was 2005 when 45.8% of all directors were female.
35.3% of all director appointments in Workington 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 Workington was in 2005 when 53.2% of all directors were female.
27.1% of all director appointments in Workington 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 (CUMBRIA) 7.35% CONSULTING 5.22% ENGINEERING 3.83% MANAGEMENT 4.58% PROJECTS 1.92% CONSULTANCY 3.57% TRAINING 1.92% PROPERTY 2.66% CUMBRIA 1.92% CONSTRUCTION 2.12% INSPECTION 1.28% ENGINEERING 2.10% TECHNICAL 1.28% CARE 2.02% CONSTRUCTION 1.28% TRADING 1.94% LIFECOMPLETE 1.28% LONDON 1.93% WORKINGTON 1.28% TRANSPORT 1.93% P 0.96% DESIGN 1.66% CARE 0.96% CONSULTANTS 1.64% HODGSON 0.96% ELECTRICAL 1.62% PROJECT 0.96% PROPERTIES 1.62% GRAHAM 0.64% BUSINESS 1.56% SAFETY 0.64% J 1.54% NUCLEAR 0.64% CO., 1.50% ELECTRICAL 0.64% GLOBAL 1.49% J 0.64% INVESTMENTS 1.48% LAKES 0.64% ASSOCIATES 1.47% BOOZE 0.64% DEVELOPMENTS 1.35% BAR 0.64% MEDIA 1.33% MANAGEMENT 0.64% IT 1.31% BOXER 0.64% BUILDING 1.29% D 0.64% 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 53 265,608 71129 - Other engineering activities 21 6,132 74909 - Other professional, scientific and technical activities not elsewhere classified 18 19,049 70229 - Management consultancy activities other than financial management 18 42,290 96090 - Other service activities not elsewhere classified 12 29,009 82990 - Other business support service activities not elsewhere classified 5 58,068 71200 - Technical testing and analysis 5 1,132 43910 - Roofing activities 5 1,475 56302 - Public houses and bars 4 6,285 71122 - Engineering related scientific and technical consulting activities 4 3,184 99999 - Dormant Company 4 48,509 42990 - Construction of other civil engineering projects not elsewhere classified 4 2,701 93130 - Fitness facilities 3 1,683 74990 - Non-trading company 3 13,984 82190 - Photocopying, document preparation and other specialised office support activities 3 265 25620 - Machining 3 259 43999 - Other specialised construction activities not elsewhere classified 3 8,761 45112 - Sale of used cars and light motor vehicles 3 3,562 43220 - Plumbing, heat and air-conditioning installation 3 5,189 45200 - Maintenance and repair of motor vehicles 3 5,425
Recent Companies
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Randomly selected companies from this quarter
COMPANY NUMBER COMPANY NAME INCORPORATION DATE 09254527 PETER KERN LIMITED 08 Oct 2014 09257940 CUMBRIA CAR CARE LIMITED 10 Oct 2014 09259309 MCGLASSON ENGINEERING LIMITED 10 Oct 2014 09259655 PMW RESIDENCES LIMITED 13 Oct 2014 09262820 SONOCOL14 LTD 14 Oct 2014 09264540 HANNON M&E LTD 15 Oct 2014 09268093 MGS TRAINING SOLUTIONS LIMITED 16 Oct 2014 09278642 ABBKIE LIMITED 24 Oct 2014 09279541 PARTY BARS LIMITED 24 Oct 2014 09287248 CUMBRIA PMO LIMITED 29 Oct 2014 09287769 KM ACCOUNTING SERVICES LIMITED 30 Oct 2014 09289058 ORLANDA PROJECTS LIMITED 30 Oct 2014 09290876 A GREARS LTD 31 Oct 2014