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

  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. 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)WorthingUK
    2010192105,137
    200914491,034
    % change33.3%15.5%
    Record Year 2003 (219) 2007 (166,814)
    New Companies by Quarter
  2. Monthly Data (Jan, Feb & Mar 2010)

    New Companies by Month
    JanuaryFebruaryMarch
    New companies in 2010376986
    New companies in 2009504153
    % change-26.0%68.3%62.3%
    Record Year2008 (64)2003 (71)2007 (101)

Closed Companies (dissolved)

  1. 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)WorthingUK
    201015682,677
    2009162108,060
    % change-3.7%-23.5%
    Record Year 2009 (162) 2009 (108,060)
    Dissolved Companies by Quarter
  2. 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
    JanuaryFebruaryMarch
    Closed companies in 2010355170
    Closed companies in 2009333297
    % change6.1%59.4%-28%
    Record Year2007 (43)2010 (51)2009 (97)

Net Company Growth

  1. 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)WorthingUK
    20103622,460
    2009-18-17,026
    Record Year 2008 (126) 2007 (111,282)
    Net Growth by Quarter
  2. Monthly Data (Jan, Feb & Mar 2010)

    Net Growth by Month
    JanuaryFebruaryMarch
    Net growth in 201021816
    Net growth in 2009179-44
    Record Year2008 (44)2003 (43)2007 (64)

UK Company Share

  1. 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
    20100.2%
    20090.2%
    20080.2%
    20070.1%
    20060.2%
    Record Year (since 1960) 1961 (0.6%)
    Company Share by Quarter
  2. Monthly Data (Jan, Feb & Mar 2010)

    Company Share by Month
    JanuaryFebruaryMarch
    UK formation share in 20100.1%0.2%0.2%
    UK formation share in 20090.2%0.1%0.1%
    % change-31.3%44.1%34.8%
    Record Year1967 (1.2%)1961 (0.9%)1966 (0.7%)

Director Age

  1. 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

  1. 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

  1. Previous 12 months (Mar 2009-Mar 2010)

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

    wordpercentageuk worduk percentage
    MANAGEMENT1.45%MANAGEMENT5.01%
    CONSULTING1.36%CONSULTING4.60%
    CONSULTANCY1.27%CONSULTANCY2.87%
    DESIGN1.18%PROPERTY2.50%
    CONSTRUCTION1.00%ASSOCIATES2.04%
    WORTHING0.81%TRADING1.93%
    TRAINING0.81%DESIGN1.91%
    PROPERTY0.72%CONSTRUCTION1.87%
    CARE0.72%MEDIA1.84%
    SUSSEX0.72%BUSINESS1.74%
    INTERNATIONAL0.72%INTERNATIONAL1.73%
    (WORTHING)0.63%CONSULTANTS1.63%
    T0.63%ENGINEERING1.54%
    MEDICAL0.54%J1.48%
    COUNTRY0.54%LONDON1.45%
    ENGINEERING0.54%INVESTMENTS1.45%
    MARKETING0.54%GROUP1.37%
    (SUSSEX)0.54%GLOBAL1.35%
    CONSULTANTS0.54%PROPERTIES1.35%
    SOUTHERN0.54%BUILDING1.34%
    IT0.45%CARE1.33%
    PLUMBING0.45%ELECTRICAL1.30%
    COMMUNICATIONS0.45%M1.28%
    HEATING0.45%SYSTEMS1.25%
    SUPPLIES0.45%S1.23%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied276228,645
    7487 - Other business activities11174,904
    82990 - Other business support service activities not elsewhere classified7426,974
    7414 - Business & management consultancy4017,003
    99999 - Dormant Company3313,808
    9999 - Dormant Company3119,948
    70229 - Management consultancy activities other than financial management2914,007
    4521 - General construction & civil engineering299,325
    7499 - Non-trading company2615,398
    7260 - Other computer related activities2310,331
    7222 - Other software consultancy and supply199,659
    74990 - Non-trading company188,149
    9305 - Other service activities179,038
    70100 - Activities of head offices153,137
    62020 - Information technology consultancy activities149,943
    96090 - Other service activities not elsewhere classified138,154
    4531 - Installation electrical wiring etc.112,729
    4545 - Other building completion113,346
    62090 - Other information technology service activities116,340
    7415 - Holding companies including head offices112,286

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    07166886 AJP AUTOS LIMITED 24 Feb 2010
    07162088 CHP SUSSEX LIMITED 18 Feb 2010
    07160737 SMALLGIANTS@UK CIC 17 Feb 2010
    07160109 EVOCRAFT LIMITED 17 Feb 2010
    07157144 SPRINT FUELS LIMITED 15 Feb 2010
    07156673 MOST WANTED MANAGEMENT LTD 15 Feb 2010
    07155482 EASTBOURNE GUIDE LIMITED 12 Feb 2010
    07154787 WORTHING FIRST FOR BUSINESS ENTERPRISE CIC 11 Feb 2010
    07153343 TRADEWIND INSTALLATIONS LIMITED 10 Feb 2010
    07151760 OCEAN AND ALPINE LIMITED 09 Feb 2010
    07151617 R10 CONSULTING LIMITED 09 Feb 2010
    07147360 RICHCAT PUBLISHING LTD 05 Feb 2010
    07144600 SAFA FASHION & DESIGN LTD 03 Feb 2010
    OC352350 RP & PARTNERS LLP 16 Feb 2010
    07153821 ACCUBOOKS LTD 10 Feb 2010
    07145977 ALL WATER SOLUTIONS SUSSEX LTD 04 Feb 2010
    07171052 BROSPIRIT LTD 26 Feb 2010
    07166540 GLEN WILLIAMS LTD. 23 Feb 2010
    07166223 FILMDIRECTING4WOMEN LTD 23 Feb 2010
    07153909 CRETAN EMPORIUM (UK) LIMITED 10 Feb 2010
    07149837 SMARTEREDGE LIMITED 08 Feb 2010
    07168697 RABBIT SKIPS LTD 25 Feb 2010
    07165587 LIGHTING DESIGN AND SUPPLIERS LTD 23 Feb 2010
    07164654 TAPTRA LIMITED 22 Feb 2010
    07150365 PLS MICROBIOLOGY LIMITED 09 Feb 2010