Worthing, West Sussex
Q1 2014 Business Confidence Report
Headlines
- Q1 2014 saw a new record in company registrations in Worthing when compared to any previous Q1.
- Q1 2014 was a record quarter for company registrations in Worthing when compared to any quarter in history.
- March 2014 saw a new record in company registrations in Worthing when compared to any previous March.
- March 2014 was a record month for company registrations in Worthing when compared to any month in history.
- February 2014 saw a new record in company registrations in Worthing when compared to any previous February.
- January 2014 saw a new record in company registrations in Worthing when compared to any previous January.
- February 2014 saw a new record in company closures in Worthing when compared to any previous February.
Contents
New Company Registrations
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Quarterly Data (Q1 Jan-Mar 2014)
Q1 2014 saw a new record in company registrations in Worthing when compared to any previous Q1.
Q1 2014 was a record quarter for company registrations in Worthing when compared to any quarter in history.
A total of 261 companies were registered in Worthing during the first quarter of 2014 (Jan 2014 - Mar 2014).
This figure is an increase of 22.0% versus the same period last year (Q1 2013). This figure compares well to the UK as a whole, which saw an increase of 11.8% against the same period last year.
first quarter (Jan 2014 - Mar 2014) Worthing UK 2014 261 150,722 2013 214 134,802 % change 22.0% 11.8% Record Year 2014 (261) 2007 (166,814) New Companies by Quarter
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Monthly Data (Jan, Feb & Mar 2014)
March 2014 saw a new record in company registrations in Worthing when compared to any previous March.
March 2014 was a record month for company registrations in Worthing when compared to any month in history.
February 2014 saw a new record in company registrations in Worthing when compared to any previous February.
January 2014 saw a new record in company registrations in Worthing when compared to any previous January.
New Companies by Month
January February March New companies in 2014 75 80 106 New companies in 2013 67 78 69 % change 11.9% 2.6% 53.6% Record Year 2014 (75) 2014 (80) 2014 (106)
Closed Companies (dissolved)
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Quarterly Data (Q1 Jan-Mar 2014)
A total of 155 companies were dissolved in Worthing during the first quarter of 2014 (Jan 2014 - Mar 2014).
This figure is an increase of 8.4% versus the same period last year (Q1 2013). This figure compares poorly to the UK as a whole, which saw an increase of 5.7% against the same period last year.
first quarter (Jan 2014 - Mar 2014) Worthing UK 2014 155 82,370 2013 143 77,914 % change 8.4% 5.7% Record Year 2009 (162) 2009 (108,066) Dissolved Companies by Quarter
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Monthly Data (Jan, Feb & Mar 2014)
February 2014 saw a new record in company closures in Worthing when compared to any previous February.
Dissolved Companies by Month
January February March Closed companies in 2014 40 60 55 Closed companies in 2013 64 38 41 % change -37.5% 57.9% 34% Record Year 2013 (64) 2014 (60) 2009 (97)
Net Company Growth
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Quarterly Data (Q1 Jan-Mar 2014)
Net company growth for Worthing during the first quarter of 2014 (Jan 2014 - Mar 2014) was 106 companies.
first quarter (Jan 2014 - Mar 2014) Worthing UK 2014 106 68,352 2013 71 56,888 Record Year 2008 (126) 2007 (111,282) Net Growth by Quarter
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Monthly Data (Jan, Feb & Mar 2014)
Net Growth by Month
January February March Net growth in 2014 35 20 51 Net growth in 2013 3 40 28 Record Year 2008 (44) 2003 (43) 2007 (64)
UK Company Share
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Quarterly Data (Q1 Jan-Mar 2014)
In the first quarter of 2014, Worthing formed 0.2% of all UK companies.
first quarter (Jan 2014 - Mar 2014) Worthing 2014 0.2% 2013 0.2% 2012 0.1% 2011 0.1% 2010 0.2% Record Year (since 1960) 1995 (0.3%) Company Share by Quarter
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Monthly Data (Jan, Feb & Mar 2014)
Company Share by Month
January February March UK formation share in 2014 0.2% 0.2% 0.2% UK formation share in 2013 0.2% 0.2% 0.1% % change 4.8% -5.3% 28.2% Record Year 1991 (0.4%) 2001 (0.3%) 1995 (0.3%)
Director Age
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Quarterly Data (Q1 Jan-Mar 2014)
The average age of a director in the first quarter of 2014 was 45.5.
The percentage of directors under the age of 25 was 6.6% compared to the UK figure of 4.6%.
The percentage of directors over the age of 65 was 3.6% compared to the UK figure of 3.5%.
Director Age by Quarter
Director Gender
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Quarterly Data (Q1 Jan-Mar 2014)
The record first quarter for female directors in Worthing was in 2006 when 36.7% of all directors were female.
25.2% of all director appointments in Worthing in the first quarter of 2014 were female. This compares to a UK average of 26.4% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Mar 2013-Mar 2014)
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 1.39% MANAGEMENT 4.67% SUSSEX 1.31% CONSULTANCY 3.49% PROPERTY 1.10% PROPERTY 2.64% DESIGN 1.02% TRADING 2.05% CONSTRUCTION 1.02% LONDON 1.88% J 0.95% ENGINEERING 1.86% WORTHING 0.95% CARE 1.79% ENGINEERING 0.80% CONSTRUCTION 1.75% PVP 0.73% DESIGN 1.75% ELECTRICAL 0.73% CONSULTANTS 1.73% CONSULTANTS 0.73% BUSINESS 1.71% AUTOMOTIVE 0.73% PROPERTIES 1.60% CONSULTANCY 0.73% INVESTMENTS 1.60% (SUSSEX) 0.66% GLOBAL 1.58% BUSINESS 0.58% J 1.48% CARE 0.51% ASSOCIATES 1.48% S 0.51% MEDIA 1.48% (SOUTHERN) 0.51% IT 1.33% PROPERTIES 0.51% TRANSPORT 1.30% (WORTHING) 0.44% DEVELOPMENTS 1.29% EUROPE 0.44% BUILDING 1.24% ROAD 0.44% M 1.21% DIGITAL 0.44% CAPITAL 1.20% HEATING 0.44% ELECTRICAL 1.19%
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 327 280,210 99999 - Dormant Company 101 47,084 82990 - Other business support service activities not elsewhere classified 82 56,411 70229 - Management consultancy activities other than financial management 62 37,882 62020 - Information technology consultancy activities 53 27,750 96090 - Other service activities not elsewhere classified 43 26,700 62090 - Other information technology service activities 29 12,813 43210 - Electrical installation 27 5,885 86900 - Other human health activities 26 10,273 74909 - Other professional, scientific and technical activities not elsewhere classified 25 18,491 98000 - Residents property management 20 4,832 43999 - Other specialised construction activities not elsewhere classified 19 8,155 41100 - Development of building projects 19 9,855 47910 - Retail sale via mail order houses or via Internet 19 9,358 74990 - Non-trading company 18 14,135 62012 - Business and domestic software development 18 9,509 74100 - specialised design activities 16 4,475 56101 - Licensed restaurants 15 7,965 43220 - Plumbing, heat and air-conditioning installation 14 4,866 41202 - Construction of domestic buildings 14 6,559
Recent Companies
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Randomly selected companies from this quarter
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