Worthing, West Sussex
2013 Annual Business Confidence Report
NOTICE: We have improved our calculations of the statistics in these reports, so some figures and records may not match previous reports.
Headlines
- December 2013 saw a new record in company registrations in Worthing when compared to any previous December.
Contents
New Company Registrations
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Annual Data (2013)
A total of 789 companies were formed in Worthing in 2013. This total is 1.2% higher than in 2012 and compares poorly to the UK figure of a 7.6% growth compared to 491,893 the previous year.
Year Worthing UK 2013 789 529,363 2012 780 491,893 2011 680 452,870 2010 668 400,358 2009 617 362,675 Record Year 2013 (789) 2013 (529,363) New Companies by Year
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Half Year Data (Jul-Dec 2013)
In the second half of 2013 a total of 367 companies were formed in Worthing. This figure is 3.4% lower than last year, which compares badly to the UK wide figure of 8.9%.
The highest total for a second half year in Worthing occurred in 2012 when a total of 380 were formed.
Half Year (Jul-Dec) Worthing UK 2013 367 259,931 2012 380 238,743 % change -3.4% 8.9% Record Year 2012 (380) 2013 (259,931) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
A total of 173 companies were registered in Worthing during the fourth quarter of 2013 (Oct 2013 - Dec 2013).
This figure is a decrease of 13.9% versus the same period last year (Q4 2012). This figure compares badly to the UK as a whole, which saw an increase of 6.1% against the same period last year.
fourth quarter (Oct 2013 - Dec 2013) Worthing UK 2013 173 127,247 2012 201 119,875 % change -13.9% 6.1% Record Year 2012 (201) 2013 (127,247) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2013)
December 2013 saw a new record in company registrations in Worthing when compared to any previous December.
New Companies by Month
October November December New companies in 2013 70 50 53 New companies in 2012 87 70 44 % change -19.5% -28.6% 20.5% Record Year 2012 (87) 2002 (73) 2013 (53)
Closed Companies (dissolved)
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Annual Data (2013)
A total of 569 companies were dissolved in Worthing in 2013. This total is 8.0% higher than in 2012 and compares unfavourably to the UK figure of 13.1% growth compared to the previous year.
Year Worthing UK 2013 569 332,213 2012 527 293,729 2011 568 314,524 2010 603 342,233 2009 709 533,789 Record Year 2009 (709) 2009 (533,789) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2013)
In the second half of 2013 a total of 283 companies were dissolved in Worthing. This figure is 11.9% higher than last year, which compares well to the UK wide change of 21.3%.
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 2013 283 177,021 2012 253 145,935 % change 11.9% 21.3% Record Year 2009 (341) 2009 (244,544) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
A total of 140 companies were dissolved in Worthing during the fourth quarter of 2013 (Oct 2013 - Dec 2013).
This figure is an increase of 17.6% versus the same period last year (Q4 2012). This figure compares well to the UK as a whole, which saw an increase of 29.7% against the same period last year.
fourth quarter (Oct 2013 - Dec 2013) Worthing UK 2013 140 90,851 2012 119 70,027 % change 17.6% 29.7% Record Year 2011 (173) 2013 (90,851) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2013)
Dissolved Companies by Month
October November December Closed companies in 2013 50 45 45 Closed companies in 2012 72 33 14 % change -30.6% 36.4% 221% Record Year 2012 (72) 2011 (75) 2011 (66)
Net Company Growth
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Annual Data (2013)
A total of 220 companies were added to the company register for Worthing in 2013. This number represents growth of 27.9% in the total number of active companies, which compares unfavourably to the UK figure of 37.2%.
This number is 33 companies lower than the previous year.
The highest net company growth figure ever seen in one year came in 2007 when the Worthing company register grew by 400 companies.
Year Worthing UK 2013 220 197,150 2012 253 198,164 2011 112 138,346 2010 65 58,125 2009 -92 -171,114 Record Year 2007 (400) 2007 (237,353) Net Growth by Year
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Half Year Data (Jul-Dec 2013)
In the second half of 2013 the company register for Worthing increased by 84 companies.
Half Year (Jul-Dec) Worthing UK 2013 84 82,910 2012 127 92,808 Record Year 2002 (210) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
Net company growth for Worthing during the fourth quarter of 2013 (Oct 2013 - Dec 2013) was 33 companies.
fourth quarter (Oct 2013 - Dec 2013) Worthing UK 2013 33 36,396 2012 82 49,848 Record Year 2006 (83) 2012 (49,848) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2013)
Net Growth by Month
October November December Net growth in 2013 20 5 8 Net growth in 2012 15 37 30 Record Year 2003 (54) 2002 (47) 2012 (30)
UK Company Share
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Annual Data (2013)
In 2013 Worthing formed 0.1% of all UK companies. This is a decline on 2012 when Worthing was responsible for 0.2% of all UK companies.
Year Worthing 2013 0.1% 2012 0.2% 2011 0.2% 2010 0.2% 2009 0.2% Record Year (since 1960) 1998 (0.2%) Company Share by Year
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Half Year Data (Jul-Dec 2013)
In the second half of 2013 Worthing formed 0.1% of all UK companies. This is less than the 2012 figure of 0.2%.
Half Year (Jul-Dec) Worthing 2013 0.1% 2012 0.2% 2011 0.1% 2010 0.2% 2009 0.2% Record Year (since 1960) 1999 (0.2%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
In the fourth quarter of 2013, Worthing formed 0.1% of all UK companies.
fourth quarter (Oct 2013 - Dec 2013) Worthing 2013 0.1% 2012 0.2% 2011 0.1% 2010 0.1% 2009 0.2% Record Year (since 1960) 2002 (0.2%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2013)
Company Share by Month
October November December UK formation share in 2013 0.1% 0.1% 0.2% UK formation share in 2012 0.2% 0.2% 0.1% % change -25.2% -29.8% 9.5% Record Year 1996 (0.3%) 1989 (0.3%) 1990 (0.4%)
Director Age
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Annual Data (2013)
The average age of a director in 2013 was 46.7.
The percentage of directors under the age of 25 was 6.7% compared to the UK figure of 3.9%.
The percentage of directors over the age of 65 was 2.7% compared to the UK figure of 4.2%.
Director Age by Year
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Half Year Data (Jul-Dec 2013)
The average age of a director in the second half of 2013 was 46.3.
The percentage of directors under the age of 25 was 5.3% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 3.0% compared to the UK figure of 4.8%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
The average age of a director in the fourth quarter of 2013 was 46.7.
The percentage of directors under the age of 25 was 7.3% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 4.6% compared to the UK figure of 5.1%.
Director Age by Quarter
Director Gender
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Annual Data (2013)
The record year for female directors in Worthing was 1984 when 100.0% of all directors were female.
The percentage of female directors in Worthing in 2013 was 27.9%. The average for the UK during this time was 26.0%
Director Gender by Year
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Half Year Data (Jul-Dec 2013)
The record second half year for female directors in Worthing was 2006 when 33.5% of all directors were female.
30.0% of all director appointments in Worthing in the second half of 2013 were female. This compares to a UK average of 25.9% for the same period.
Director Gender by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
The record fourth quarter for female directors in Worthing was in 2006 when 36.5% of all directors were female.
27.3% of all director appointments in Worthing in the fourth quarter of 2013 were female. This compares to a UK average of 25.6% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Dec 2012-Dec 2013)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage CONSULTING 1.68% CONSULTING 5.22% MANAGEMENT 1.45% MANAGEMENT 4.72% SUSSEX 1.15% CONSULTANCY 3.45% PROPERTY 1.15% PROPERTY 2.59% WORTHING 0.92% TRADING 2.08% CARE 0.92% ENGINEERING 1.87% (SUSSEX) 0.84% LONDON 1.86% CONSTRUCTION 0.84% DESIGN 1.76% DESIGN 0.84% CONSTRUCTION 1.73% J 0.69% CARE 1.73% CONSULTANTS 0.61% BUSINESS 1.71% BUSINESS 0.61% CONSULTANTS 1.68% CONSULTANCY 0.61% GLOBAL 1.58% PVP 0.54% INVESTMENTS 1.56% ELECTRICAL 0.54% PROPERTIES 1.54% ROAD 0.54% ASSOCIATES 1.53% INVESTMENT 0.54% J 1.51% RED 0.54% MEDIA 1.50% DEVELOPMENTS 0.54% IT 1.35% EUROPE 0.54% DEVELOPMENTS 1.23% GLOBAL 0.46% M 1.23% MARLIN 0.46% BUILDING 1.21% TRADING 0.46% ELECTRICAL 1.20% T 0.46% CAPITAL 1.19% ENGINEERING 0.46% ENERGY 1.14%
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 298 266,814 99999 - Dormant Company 96 46,762 82990 - Other business support service activities not elsewhere classified 80 55,342 70229 - Management consultancy activities other than financial management 61 36,164 62020 - Information technology consultancy activities 50 27,183 96090 - Other service activities not elsewhere classified 37 26,001 86900 - Other human health activities 30 9,543 62090 - Other information technology service activities 28 12,511 43210 - Electrical installation 26 5,730 74909 - Other professional, scientific and technical activities not elsewhere classified 23 18,034 41100 - Development of building projects 22 9,485 43999 - Other specialised construction activities not elsewhere classified 21 7,823 98000 - Residents property management 18 4,710 74990 - Non-trading company 17 14,223 47910 - Retail sale via mail order houses or via Internet 17 8,879 62012 - Business and domestic software development 16 9,360 41202 - Construction of domestic buildings 15 6,191 43220 - Plumbing, heat and air-conditioning installation 14 4,687 56101 - Licensed restaurants 14 7,685 74100 - specialised design activities 14 4,309
Recent Companies
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Randomly selected companies from this quarter
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