Worthing, West Sussex
Q1 2010 Business Confidence Report
Headlines
- February 2010 saw a new record in company closures in Worthing when compared to any previous February.
Contents
New Company Registrations
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Quarterly Data (Q1 Jan-Mar 2010)
A total of 192 companies were registered in Worthing during the first quarter of 2010 (Jan 2010 - Mar 2010).
This figure is an increase of 33.3% versus the same period last year (Q1 2009). This figure compares well to the UK as a whole, which saw an increase of 15.5% against the same period last year.
first quarter (Jan 2010 - Mar 2010) Worthing UK 2010 192 105,137 2009 144 91,034 % change 33.3% 15.5% Record Year 2003 (219) 2007 (166,814) New Companies by Quarter
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Monthly Data (Jan, Feb & Mar 2010)
New Companies by Month
January February March New companies in 2010 37 69 86 New companies in 2009 50 41 53 % change -26.0% 68.3% 62.3% Record Year 2008 (64) 2003 (71) 2007 (101)
Closed Companies (dissolved)
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Quarterly Data (Q1 Jan-Mar 2010)
A total of 156 companies were dissolved in Worthing during the first quarter of 2010 (Jan 2010 - Mar 2010).
This figure is a decrease of 3.7% versus the same period last year (Q1 2009). This figure compares poorly to the UK as a whole, which saw a decrease of 23.5% against the same period last year.
first quarter (Jan 2010 - Mar 2010) Worthing UK 2010 156 82,677 2009 162 108,060 % change -3.7% -23.5% Record Year 2009 (162) 2009 (108,060) Dissolved Companies by Quarter
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Monthly Data (Jan, Feb & Mar 2010)
February 2010 saw a new record in company closures in Worthing when compared to any previous February.
Dissolved Companies by Month
January February March Closed companies in 2010 35 51 70 Closed companies in 2009 33 32 97 % change 6.1% 59.4% -28% Record Year 2007 (43) 2010 (51) 2009 (97)
Net Company Growth
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Quarterly Data (Q1 Jan-Mar 2010)
Net company growth for Worthing during the first quarter of 2010 (Jan 2010 - Mar 2010) was 36 companies.
first quarter (Jan 2010 - Mar 2010) Worthing UK 2010 36 22,460 2009 -18 -17,026 Record Year 2008 (126) 2007 (111,282) Net Growth by Quarter
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Monthly Data (Jan, Feb & Mar 2010)
Net Growth by Month
January February March Net growth in 2010 2 18 16 Net growth in 2009 17 9 -44 Record Year 2008 (44) 2003 (43) 2007 (64)
UK Company Share
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Quarterly Data (Q1 Jan-Mar 2010)
In the first quarter of 2010, Worthing formed 0.2% of all UK companies.
first quarter (Jan 2010 - Mar 2010) Worthing 2010 0.2% 2009 0.2% 2008 0.2% 2007 0.1% 2006 0.2% Record Year (since 1960) 1961 (0.6%) Company Share by Quarter
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Monthly Data (Jan, Feb & Mar 2010)
Company Share by Month
January February March UK formation share in 2010 0.1% 0.2% 0.2% UK formation share in 2009 0.2% 0.1% 0.1% % change -31.3% 44.1% 34.8% Record Year 1967 (1.2%) 1961 (0.9%) 1966 (0.7%)
Director Age
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Quarterly Data (Q1 Jan-Mar 2010)
The average age of a director in the first quarter of 2010 was 47.6.
The percentage of directors under the age of 25 was 4.1% compared to the UK figure of 2.0%.
The percentage of directors over the age of 65 was 11.6% compared to the UK figure of 4.9%.
Director Age by Quarter
Director Gender
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Quarterly Data (Q1 Jan-Mar 2010)
The record first quarter for female directors in Worthing was in 1861 when 40.0% of all directors were female.
33.0% of all director appointments in Worthing in the first quarter of 2010 were female. This compares to a UK average of 24.7% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Mar 2009-Mar 2010)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage MANAGEMENT 1.45% MANAGEMENT 5.01% CONSULTING 1.36% CONSULTING 4.60% CONSULTANCY 1.27% CONSULTANCY 2.87% DESIGN 1.18% PROPERTY 2.50% CONSTRUCTION 1.00% ASSOCIATES 2.04% WORTHING 0.81% TRADING 1.93% TRAINING 0.81% DESIGN 1.91% PROPERTY 0.72% CONSTRUCTION 1.87% CARE 0.72% MEDIA 1.84% SUSSEX 0.72% BUSINESS 1.74% INTERNATIONAL 0.72% INTERNATIONAL 1.73% (WORTHING) 0.63% CONSULTANTS 1.63% T 0.63% ENGINEERING 1.54% MEDICAL 0.54% J 1.48% COUNTRY 0.54% LONDON 1.45% ENGINEERING 0.54% INVESTMENTS 1.45% MARKETING 0.54% GROUP 1.37% (SUSSEX) 0.54% GLOBAL 1.35% CONSULTANTS 0.54% PROPERTIES 1.35% SOUTHERN 0.54% BUILDING 1.34% IT 0.45% CARE 1.33% PLUMBING 0.45% ELECTRICAL 1.30% COMMUNICATIONS 0.45% M 1.28% HEATING 0.45% SYSTEMS 1.25% SUPPLIES 0.45% S 1.23%
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 276 228,645 7487 - Other business activities 111 74,904 82990 - Other business support service activities not elsewhere classified 74 26,974 7414 - Business & management consultancy 40 17,003 99999 - Dormant Company 33 13,808 9999 - Dormant Company 31 19,948 70229 - Management consultancy activities other than financial management 29 14,007 4521 - General construction & civil engineering 29 9,325 7499 - Non-trading company 26 15,398 7260 - Other computer related activities 23 10,331 7222 - Other software consultancy and supply 19 9,659 74990 - Non-trading company 18 8,149 9305 - Other service activities 17 9,038 70100 - Activities of head offices 15 3,137 62020 - Information technology consultancy activities 14 9,943 96090 - Other service activities not elsewhere classified 13 8,154 4531 - Installation electrical wiring etc. 11 2,729 4545 - Other building completion 11 3,346 62090 - Other information technology service activities 11 6,340 7415 - Holding companies including head offices 11 2,286
Recent Companies
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Randomly selected companies from this quarter
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