Worthing, West Sussex
2011 Annual Business Confidence Report
Headlines
- Q4 2011 saw a new record in company closures in Worthing when compared to any previous Q4.
- December 2011 saw a new record in company closures in Worthing when compared to any previous December.
- November 2011 saw a new record in company closures in Worthing when compared to any previous November.
Contents
New Company Registrations
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Annual Data (2011)
A total of 680 companies were formed in Worthing in 2011. This total is 1.8% higher than in 2010 and compares poorly to the UK figure of a 13.1% growth compared to 400,358 the previous year.
Year Worthing UK 2011 680 452,870 2010 668 400,358 2009 617 362,675 2008 610 349,203 2007 778 457,649 Record Year 2003 (807) 2007 (457,649) New Companies by Year
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Half Year Data (Jul-Dec 2011)
In the second half of 2011 a total of 331 companies were formed in Worthing. This figure is 3.4% higher than last year, which compares badly to the UK wide figure of 14.0%.
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 2011 331 224,135 2010 320 196,609 % change 3.4% 14.0% Record Year 2003 (379) 2011 (224,135) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2011)
A total of 140 companies were registered in Worthing during the fourth quarter of 2011 (Oct 2011 - Dec 2011).
This figure is an increase of 8.5% versus the same period last year (Q4 2010). This figure compares badly to the UK as a whole, which saw an increase of 15.3% against the same period last year.
fourth quarter (Oct 2011 - Dec 2011) Worthing UK 2011 140 109,623 2010 129 95,117 % change 8.5% 15.3% Record Year 2002 (195) 2011 (109,623) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2011)
New Companies by Month
October November December New companies in 2011 53 42 45 New companies in 2010 37 50 42 % change 43.2% -16.0% 7.1% Record Year 2003 (80) 2002 (73) 2002 (52)
Closed Companies (dissolved)
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Annual Data (2011)
A total of 568 companies were dissolved in Worthing in 2011. This total is 5.8% lower than in 2010 and compares favourably to the UK figure of 8.1% decrease compared to the previous year.
Year Worthing UK 2011 568 314,523 2010 603 342,232 2009 709 533,773 2008 384 237,901 2007 378 220,295 Record Year 2009 (709) 2009 (533,773) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2011)
In the second half of 2011 a total of 311 companies were dissolved in Worthing. This figure is 7.6% higher than last year, which compares badly to the UK wide change of -7.5%.
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 2011 311 152,213 2010 289 164,601 % change 7.6% -7.5% Record Year 2009 (341) 2009 (244,537) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2011)
Q4 2011 saw a new record in company closures in Worthing when compared to any previous Q4.
A total of 173 companies were dissolved in Worthing during the fourth quarter of 2011 (Oct 2011 - Dec 2011).
This figure is an increase of 18.5% versus the same period last year (Q4 2010). This figure compares poorly to the UK as a whole, which saw an increase of 4.0% against the same period last year.
fourth quarter (Oct 2011 - Dec 2011) Worthing UK 2011 173 79,983 2010 146 76,896 % change 18.5% 4.0% Record Year 2011 (173) 2009 (85,136) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2011)
December 2011 saw a new record in company closures in Worthing when compared to any previous December.
November 2011 saw a new record in company closures in Worthing when compared to any previous November.
Dissolved Companies by Month
October November December Closed companies in 2011 32 75 66 Closed companies in 2010 54 57 35 % change -40.7% 31.6% 89% Record Year 2010 (54) 2011 (75) 2011 (66)
Net Company Growth
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Annual Data (2011)
A total of 112 companies were added to the company register for Worthing in 2011. This number represents growth of 16.8% in the total number of active companies, which compares unfavourably to the UK figure of 34.6%.
This number is 47 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 2011 112 138,347 2010 65 58,126 2009 -92 -171,098 2008 226 111,302 2007 400 237,354 Record Year 2003 (459) 2003 (242,543) Net Growth by Year
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Half Year Data (Jul-Dec 2011)
In the second half of 2011 the company register for Worthing increased by 20 companies.
Half Year (Jul-Dec) Worthing UK 2011 20 71,922 2010 31 32,008 Record Year 2003 (210) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2011)
Net company growth for Worthing during the fourth quarter of 2011 (Oct 2011 - Dec 2011) was -33 companies.
fourth quarter (Oct 2011 - Dec 2011) Worthing UK 2011 -33 29,640 2010 -17 18,221 Record Year 2002 (111) 2003 (57,175) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2011)
Net Growth by Month
October November December Net growth in 2011 21 -33 -21 Net growth in 2010 -17 -7 7 Record Year 2003 (54) 2002 (47) 2002 (27)
UK Company Share
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Annual Data (2011)
In 2011 Worthing formed 0.2% of all UK companies. This is no change on 2010 when Worthing was responsible for 0.2% of all UK companies.
Year Worthing 2011 0.2% 2010 0.2% 2009 0.2% 2008 0.2% 2007 0.2% Record Year (since 1960) 1961 (0.4%) Company Share by Year
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Half Year Data (Jul-Dec 2011)
In the second half of 2011 Worthing formed 0.1% of all UK companies. This is less than the 2010 figure of 0.2%.
Half Year (Jul-Dec) Worthing 2011 0.1% 2010 0.2% 2009 0.2% 2008 0.2% 2007 0.2% Record Year (since 1960) 1961 (0.4%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2011)
In the fourth quarter of 2011, Worthing formed 0.1% of all UK companies.
fourth quarter (Oct 2011 - Dec 2011) Worthing 2011 0.1% 2010 0.1% 2009 0.2% 2008 0.2% 2007 0.2% Record Year (since 1960) 1961 (0.4%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2011)
Company Share by Month
October November December UK formation share in 2011 0.1% 0.1% 0.1% UK formation share in 2010 0.1% 0.1% 0.2% % change 24.5% -28.4% -5.0% Record Year 1968 (0.4%) 1968 (0.7%) 1965 (0.8%)
Director Age
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Annual Data (2011)
The average age of a director in 2011 was 43.4.
The percentage of directors under the age of 25 was 3.5% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 3.6% compared to the UK figure of 4.2%.
Director Age by Year
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Half Year Data (Jul-Dec 2011)
The average age of a director in the second half of 2011 was 42.8.
The percentage of directors under the age of 25 was 4.3% compared to the UK figure of 4.1%.
The percentage of directors over the age of 65 was 4.3% compared to the UK figure of 4.1%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2011)
The average age of a director in the fourth quarter of 2011 was 42.4.
The percentage of directors under the age of 25 was 3.3% compared to the UK figure of 4.2%.
The percentage of directors over the age of 65 was 4.4% compared to the UK figure of 4.1%.
Director Age by Quarter
Director Gender
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Annual Data (2011)
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 2011 was 32.9%. The average for the UK during this time was 28.6%
Director Gender by Year
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Half Year Data (Jul-Dec 2011)
The record second half year for female directors in Worthing was 1860 when 42.9% of all directors were female.
31.6% of all director appointments in Worthing in the second half of 2011 were female. This compares to a UK average of 25.7% for the same period.
Director Gender by Half Year
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Quarterly Data (Q4 Oct-Dec 2011)
The record fourth quarter for female directors in Worthing was in 1977 when 31.1% of all directors were female.
25.4% of all director appointments in Worthing in the fourth quarter of 2011 were female. This compares to a UK average of 25.3% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Dec 2010-Dec 2011)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage MANAGEMENT 1.59% CONSULTING 5.07% DESIGN 1.33% MANAGEMENT 4.74% ELECTRICAL 1.15% CONSULTANCY 3.26% CONSULTING 1.06% PROPERTY 2.37% J 1.06% TRADING 2.07% SUSSEX 0.97% DESIGN 1.92% BUILDING 0.88% ASSOCIATES 1.86% CONSULTANCY 0.80% ENGINEERING 1.78% ENGINEERING 0.80% BUSINESS 1.78% CREATIVE 0.71% CONSULTANTS 1.76% M 0.71% CONSTRUCTION 1.73% PROJECT 0.62% MEDIA 1.71% (SUSSEX) 0.62% LONDON 1.63% PROPERTY 0.62% J 1.51% DIGITAL 0.62% INVESTMENTS 1.48% CARE 0.53% GLOBAL 1.46% BUSINESS 0.53% IT 1.41% SERVICE 0.53% CARE 1.39% CONSTRUCTION 0.53% PROPERTIES 1.29% WORTHING 0.53% ELECTRICAL 1.29% R 0.44% M 1.27% SYSTEMS 0.44% BUILDING 1.26% DEVELOPMENTS 0.44% ENERGY 1.25% DAVID 0.44% S 1.20% FINANCIAL 0.44% ENTERPRISES 1.20%
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 269 205,525 7487 - Other business activities 75 57,052 82990 - Other business support service activities not elsewhere classified 71 32,483 99999 - Dormant Company 46 21,846 9999 - Dormant Company 42 20,199 70229 - Management consultancy activities other than financial management 24 17,765 7499 - Non-trading company 20 9,957 62020 - Information technology consultancy activities 18 12,072 7414 - Business & management consultancy 17 13,034 4521 - General construction & civil engineering 17 5,558 74990 - Non-trading company 16 8,929 96090 - Other service activities not elsewhere classified 15 11,768 86900 - Other human health activities 14 4,457 7222 - Other software consultancy and supply 14 7,398 7260 - Other computer related activities 13 7,667 62090 - Other information technology service activities 13 7,493 5530 - Restaurants 12 5,013 9305 - Other service activities 12 9,492 98000 - Residents property management 12 2,874 41100 - Development of building projects 11 4,331
Recent Companies
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Randomly selected companies from this quarter
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