Worthing, West Sussex
2010 Annual Business Confidence Report
Headlines
- November 2010 saw a new record in company closures in Worthing when compared to any previous November.
- October 2010 saw a new record in company closures in Worthing when compared to any previous October.
Contents
New Company Registrations
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Annual Data (2010)
A total of 668 companies were formed in Worthing in 2010. This total is 8.3% higher than in 2009 and compares equally to the UK figure of a 10.4% growth compared to 362,675 the previous year.
Year Worthing UK 2010 668 400,358 2009 617 362,675 2008 610 349,203 2007 778 457,649 2006 667 405,440 Record Year 2003 (807) 2007 (457,649) New Companies by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 a total of 320 companies were formed in Worthing. This figure is 0.9% lower than last year, which compares badly to the UK wide figure of 8.8%.
The highest total for a second half year in Worthing occurred in 2003 when a total of 379 were formed.
Half Year (Jul-Dec) Worthing UK 2010 320 196,609 2009 323 180,654 % change -0.9% 8.8% Record Year 2003 (379) 2003 (201,446) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
A total of 129 companies were registered in Worthing during the fourth quarter of 2010 (Oct 2010 - Dec 2010).
This figure is a decrease of 13.4% versus the same period last year (Q4 2009). This figure compares badly to the UK as a whole, which saw an increase of 10.6% against the same period last year.
fourth quarter (Oct 2010 - Dec 2010) Worthing UK 2010 129 95,117 2009 149 85,983 % change -13.4% 10.6% Record Year 2002 (195) 2010 (95,117) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
New Companies by Month
October November December New companies in 2010 37 50 42 New companies in 2009 50 58 41 % change -26.0% -13.8% 2.4% Record Year 2003 (80) 2002 (73) 2002 (52)
Closed Companies (dissolved)
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Annual Data (2010)
A total of 603 companies were dissolved in Worthing in 2010. This total is 15.0% lower than in 2009 and compares favourably to the UK figure of 35.9% decrease compared to the previous year.
Year Worthing UK 2010 603 342,232 2009 709 533,773 2008 384 237,901 2007 378 220,295 2006 344 200,166 Record Year 2009 (709) 2009 (533,773) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 a total of 289 companies were dissolved in Worthing. This figure is 15.2% lower than last year, which compares badly to the UK wide change of -32.7%.
The highest total for a second half year in Worthing occurred in 2009 when a total of 341 were closed.
Half Year (Jul-Dec) Worthing UK 2010 289 164,601 2009 341 244,537 % change -15.2% -32.7% Record Year 2009 (341) 2009 (244,537) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
A total of 146 companies were dissolved in Worthing during the fourth quarter of 2010 (Oct 2010 - Dec 2010).
This figure is an increase of 0.0% versus the same period last year (Q4 2009). This figure compares poorly to the UK as a whole, which saw a decrease of 9.7% against the same period last year.
fourth quarter (Oct 2010 - Dec 2010) Worthing UK 2010 146 76,896 2009 146 85,136 % change 0.0% -9.7% Record Year 2009 (146) 2009 (85,136) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
November 2010 saw a new record in company closures in Worthing when compared to any previous November.
October 2010 saw a new record in company closures in Worthing when compared to any previous October.
Dissolved Companies by Month
October November December Closed companies in 2010 54 57 35 Closed companies in 2009 49 47 50 % change 10.2% 21.3% -30% Record Year 2010 (54) 2010 (57) 2009 (50)
Net Company Growth
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Annual Data (2010)
A total of 65 companies were added to the company register for Worthing in 2010. This number represents growth of 10.5% in the total number of active companies, which compares unfavourably to the UK figure of 16.0%.
This number is 157 companies higher than the previous year.
The highest net company growth figure ever seen in one year came in 2003 when the Worthing company register grew by 459 companies.
Year Worthing UK 2010 65 58,126 2009 -92 -171,098 2008 226 111,302 2007 400 237,354 2006 323 205,274 Record Year 2003 (459) 2003 (242,543) Net Growth by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 the company register for Worthing increased by 31 companies.
Half Year (Jul-Dec) Worthing UK 2010 31 32,008 2009 -18 -63,883 Record Year 2003 (210) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
Net company growth for Worthing during the fourth quarter of 2010 (Oct 2010 - Dec 2010) was -17 companies.
fourth quarter (Oct 2010 - Dec 2010) Worthing UK 2010 -17 18,221 2009 3 847 Record Year 2002 (111) 2003 (57,175) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
Net Growth by Month
October November December Net growth in 2010 -17 -7 7 Net growth in 2009 1 11 -9 Record Year 2003 (54) 2002 (47) 2002 (27)
UK Company Share
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Annual Data (2010)
In 2010 Worthing formed 0.2% of all UK companies. This is no change on 2009 when Worthing was responsible for 0.2% of all UK companies.
Year Worthing 2010 0.2% 2009 0.2% 2008 0.2% 2007 0.2% 2006 0.2% Record Year (since 1960) 1961 (0.4%) Company Share by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 Worthing formed 0.2% of all UK companies. This is the same as the 2009 figure of 0.2%.
Half Year (Jul-Dec) Worthing 2010 0.2% 2009 0.2% 2008 0.2% 2007 0.2% 2006 0.2% Record Year (since 1960) 1961 (0.4%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
In the fourth quarter of 2010, Worthing formed 0.1% of all UK companies.
fourth quarter (Oct 2010 - Dec 2010) Worthing 2010 0.1% 2009 0.2% 2008 0.2% 2007 0.2% 2006 0.2% Record Year (since 1960) 1961 (0.4%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
Company Share by Month
October November December UK formation share in 2010 0.1% 0.1% 0.2% UK formation share in 2009 0.2% 0.2% 0.2% % change -35.2% -22.9% -2.5% Record Year 1968 (0.4%) 1968 (0.7%) 1965 (0.8%)
Director Age
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Annual Data (2010)
The average age of a director in 2010 was 45.4.
The percentage of directors under the age of 25 was 3.8% compared to the UK figure of 2.5%.
The percentage of directors over the age of 65 was 6.1% compared to the UK figure of 4.5%.
Director Age by Year
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Half Year Data (Jul-Dec 2010)
The average age of a director in the second half of 2010 was 44.5.
The percentage of directors under the age of 25 was 3.1% compared to the UK figure of 2.8%.
The percentage of directors over the age of 65 was 3.9% compared to the UK figure of 4.4%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
The average age of a director in the fourth quarter of 2010 was 44.8.
The percentage of directors under the age of 25 was 3.8% compared to the UK figure of 3.0%.
The percentage of directors over the age of 65 was 1.1% compared to the UK figure of 4.4%.
Director Age by Quarter
Director Gender
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Annual Data (2010)
The record year for female directors in Worthing was 1857 when 36.4% of all directors were female.
The percentage of female directors in Worthing in 2010 was 35.2%. The average for the UK during this time was 26.2%
Director Gender by Year
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Half Year Data (Jul-Dec 2010)
The record second half year for female directors in Worthing was 1860 when 42.9% of all directors were female.
25.6% of all director appointments in Worthing in the second half of 2010 were female. This compares to a UK average of 25.0% for the same period.
Director Gender by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
The record fourth quarter for female directors in Worthing was in 1977 when 31.1% of all directors were female.
24.8% of all director appointments in Worthing in the fourth 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 (Dec 2009-Dec 2010)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage DESIGN 1.70% CONSULTING 5.06% CONSULTING 1.61% MANAGEMENT 5.01% MANAGEMENT 1.35% CONSULTANCY 3.14% SUSSEX 1.17% PROPERTY 2.36% XTREME 1.17% TRADING 2.11% SHIRLEY 0.90% ASSOCIATES 1.95% "RTM" 0.90% DESIGN 1.92% WORTHING 0.72% BUSINESS 1.82% ENGINEERING 0.72% CONSTRUCTION 1.82% S 0.72% CONSULTANTS 1.76% CARE 0.63% MEDIA 1.71% (SOUTHERN) 0.63% ENGINEERING 1.62% CONSTRUCTION 0.63% LONDON 1.60% (SUSSEX) 0.63% CARE 1.45% ASSOCIATES 0.63% INVESTMENTS 1.44% CLOSE 0.63% GLOBAL 1.43% FINANCIAL 0.54% J 1.42% IT 0.54% IT 1.41% BUILDING 0.54% PROPERTIES 1.34% PROPERTY 0.54% INTERNATIONAL 1.34% TRAINING 0.45% BUILDING 1.34% ALL 0.45% M 1.30% MARINE 0.45% ELECTRICAL 1.25% DEVELOPMENTS 0.45% SYSTEMS 1.24% TECHNOLOGY 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 238 199,572 7487 - Other business activities 84 63,348 82990 - Other business support service activities not elsewhere classified 61 27,550 99999 - Dormant Company 42 16,285 70229 - Management consultancy activities other than financial management 33 14,505 9999 - Dormant Company 29 20,144 7499 - Non-trading company 22 12,000 4521 - General construction & civil engineering 22 6,598 7414 - Business & management consultancy 20 13,474 74990 - Non-trading company 18 8,243 7260 - Other computer related activities 17 8,089 7222 - Other software consultancy and supply 15 7,298 62090 - Other information technology service activities 14 6,330 41100 - Development of building projects 13 3,765 62020 - Information technology consultancy activities 13 9,177 98000 - Residents property management 12 3,235 9305 - Other service activities 11 8,858 64999 - Financial intermediation not elsewhere classified 10 2,527 96090 - Other service activities not elsewhere classified 10 8,799 4534 - Other building installation 10 2,357
Recent Companies
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Randomly selected companies from this quarter
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