Worthing, West Sussex
2010 Half Year Business Confidence Report
Headlines
- June 2010 saw a new record in company closures in Worthing when compared to any previous June.
Contents
New Company Registrations
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Half Year Data (Jan-Jun 2010)
In the first half of 2010 a total of 348 companies were formed in Worthing. This figure is 18.4% higher than last year, which compares well to the UK wide figure of 11.9%.
The highest total for a first half year in Worthing occurred in 2003 when a total of 428 were formed.
Half Year (Jan-Jun) Worthing UK 2010 348 203,749 2009 294 182,021 % change 18.4% 11.9% Record Year 2003 (428) 2007 (279,097) New Companies by Half Year
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Quarterly Data (Q2 Apr-Jun 2010)
A total of 156 companies were registered in Worthing during the second quarter of 2010 (Apr 2010 - Jun 2010).
This figure is an increase of 4.0% versus the same period last year (Q2 2009). This figure compares badly to the UK as a whole, which saw an increase of 8.4% against the same period last year.
second quarter (Apr 2010 - Jun 2010) Worthing UK 2010 156 98,612 2009 150 90,987 % change 4.0% 8.4% Record Year 2007 (210) 2007 (112,283) New Companies by Quarter
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Monthly Data (Apr, May & Jun 2010)
New Companies by Month
April May June New companies in 2010 46 53 57 New companies in 2009 53 45 52 % change -13.2% 17.8% 9.6% Record Year 2007 (80) 2003 (73) 2003 (81)
Closed Companies (dissolved)
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Half Year Data (Jan-Jun 2010)
In the first half of 2010 a total of 314 companies were dissolved in Worthing. This figure is 14.7% lower than last year, which compares badly to the UK wide change of -38.6%.
The highest total for a first half year in Worthing occurred in 2009 when a total of 368 were closed.
Half Year (Jan-Jun) Worthing UK 2010 314 177,631 2009 368 289,236 % change -14.7% -38.6% Record Year 2009 (368) 2009 (289,236) Dissolved Companies by Half Year
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Quarterly Data (Q2 Apr-Jun 2010)
A total of 158 companies were dissolved in Worthing during the second quarter of 2010 (Apr 2010 - Jun 2010).
This figure is a decrease of 23.3% versus the same period last year (Q2 2009). This figure compares poorly to the UK as a whole, which saw a decrease of 47.6% against the same period last year.
second quarter (Apr 2010 - Jun 2010) Worthing UK 2010 158 94,954 2009 206 181,176 % change -23.3% -47.6% Record Year 2009 (206) 2009 (181,176) Dissolved Companies by Quarter
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Monthly Data (Apr, May & Jun 2010)
June 2010 saw a new record in company closures in Worthing when compared to any previous June.
Dissolved Companies by Month
April May June Closed companies in 2010 38 53 67 Closed companies in 2009 41 113 52 % change -7.3% -53.1% 29% Record Year 2008 (44) 2009 (113) 2010 (67)
Net Company Growth
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Half Year Data (Jan-Jun 2010)
In the first half of 2010 the company register for Worthing increased by 34 companies.
Half Year (Jan-Jun) Worthing UK 2010 34 26,118 2009 -74 -107,215 Record Year 2003 (249) 2007 (171,296) Net Growth by Half Year
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Quarterly Data (Q2 Apr-Jun 2010)
Net company growth for Worthing during the second quarter of 2010 (Apr 2010 - Jun 2010) was -2 companies.
second quarter (Apr 2010 - Jun 2010) Worthing UK 2010 -2 3,658 2009 -56 -90,189 Record Year 2003 (129) 2003 (69,274) Net Growth by Quarter
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Monthly Data (Apr, May & Jun 2010)
Net Growth by Month
April May June Net growth in 2010 8 0 -10 Net growth in 2009 12 -68 0 Record Year 2007 (63) 1999 (48) 2003 (61)
UK Company Share
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Half Year Data (Jan-Jun 2010)
In the first half of 2010 Worthing formed 0.2% of all UK companies. This is the same as the 2009 figure of 0.2%.
Half Year (Jan-Jun) Worthing 2010 0.2% 2009 0.2% 2008 0.2% 2007 0.2% 2006 0.2% Record Year (since 1960) 1967 (0.5%) Company Share by Half Year
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Quarterly Data (Q2 Apr-Jun 2010)
In the second quarter of 2010, Worthing formed 0.2% of all UK companies.
second quarter (Apr 2010 - Jun 2010) Worthing 2010 0.2% 2009 0.2% 2008 0.2% 2007 0.2% 2006 0.2% Record Year (since 1960) 1968 (0.7%) Company Share by Quarter
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Monthly Data (Apr, May & Jun 2010)
Company Share by Month
April May June UK formation share in 2010 0.1% 0.2% 0.2% UK formation share in 2009 0.2% 0.2% 0.2% % change -20.2% 12.3% -1.4% Record Year 1970 (0.6%) 1968 (0.5%) 1968 (1.1%)
Director Age
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Half Year Data (Jan-Jun 2010)
The average age of a director in the first half of 2010 was 46.1.
The percentage of directors under the age of 25 was 4.3% compared to the UK figure of 2.1%.
The percentage of directors over the age of 65 was 8.1% compared to the UK figure of 4.7%.
Director Age by Half Year
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Quarterly Data (Q2 Apr-Jun 2010)
The average age of a director in the second quarter of 2010 was 44.2.
The percentage of directors under the age of 25 was 4.6% compared to the UK figure of 2.3%.
The percentage of directors over the age of 65 was 3.7% compared to the UK figure of 4.4%.
Director Age by Quarter
Director Gender
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Half Year Data (Jan-Jun 2010)
The record first half year for female directors in Worthing was 1857 when 40.0% of all directors were female.
30.8% of all director appointments in Worthing in the first half of 2010 were female. This compares to a UK average of 24.9% for the same period.
Director Gender by Half Year
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Quarterly Data (Q2 Apr-Jun 2010)
The record second quarter for female directors in Worthing was in 1866 when 66.7% of all directors were female.
28.2% of all director appointments in Worthing in the second quarter of 2010 were female. This compares to a UK average of 25.1% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Jun 2009-Jun 2010)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage CONSULTING 1.68% MANAGEMENT 5.01% MANAGEMENT 1.59% CONSULTING 4.79% CONSULTANCY 1.24% CONSULTANCY 3.02% DESIGN 1.06% PROPERTY 2.40% SUSSEX 0.89% ASSOCIATES 2.02% WORTHING 0.89% TRADING 2.01% CONSTRUCTION 0.89% DESIGN 1.91% PROPERTY 0.80% CONSTRUCTION 1.85% TRAINING 0.71% MEDIA 1.80% ENGINEERING 0.71% BUSINESS 1.75% CARE 0.71% CONSULTANTS 1.71% ELECTRICAL 0.71% INTERNATIONAL 1.59% XTREME 0.62% ENGINEERING 1.56% SOUTHERN 0.62% LONDON 1.52% S 0.62% INVESTMENTS 1.49% TRADING 0.53% J 1.46% MARKETING 0.53% CARE 1.41% (WORTHING) 0.53% GLOBAL 1.39% DEVELOPMENT 0.53% PROPERTIES 1.35% (SUSSEX) 0.53% BUILDING 1.33% SUPPLIES 0.53% M 1.29% GROUP 0.44% IT 1.28% HEATING 0.44% ELECTRICAL 1.27% PLUMBING 0.44% GROUP 1.25% T 0.44% DEVELOPMENTS 1.25%
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 271 207,125 7487 - Other business activities 96 68,525 82990 - Other business support service activities not elsewhere classified 62 25,942 99999 - Dormant Company 40 14,342 7414 - Business & management consultancy 34 14,598 70229 - Management consultancy activities other than financial management 31 13,490 9999 - Dormant Company 28 19,842 4521 - General construction & civil engineering 24 8,262 7499 - Non-trading company 21 13,997 74990 - Non-trading company 18 7,893 7222 - Other software consultancy and supply 18 8,285 7260 - Other computer related activities 18 9,122 9305 - Other service activities 15 8,822 7415 - Holding companies including head offices 12 2,198 4534 - Other building installation 11 2,652 4531 - Installation electrical wiring etc. 11 2,504 98000 - Residents property management 11 3,540 41100 - Development of building projects 10 3,945 4545 - Other building completion 10 3,057 62090 - Other information technology service activities 10 5,854
Recent Companies
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Randomly selected companies from this quarter
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