Overview
Maldon, a local council area, presents a diverse economic landscape with a total of 16,610 employees. The region has witnessed a moderate growth in employment, evidenced by 17 businesses reporting an increase in employee numbers. The economy is varied, with construction, professional, scientific, technical activities, and retail trade being dominant sectors. However, emerging sectors like waste management, metals, and clean energy show potential for future growth. The council has a healthy mix of established companies and new entrants, contributing to its dynamic business environment.
Employment and Business Growth
- Total Employees: Maldon employs 16,610 people across various sectors. The employee growth rate stands at 7.42%, indicating a healthy, expanding workforce. This growth is critical in sustaining the economic vibrancy of the area.
- Sector Dynamics: The top sectors in Maldon include Construction (836 companies), Professional, Scientific and Technical Activities (731 companies), and Retail Trade (624 companies), showcasing a diversified economic base. Notably, sectors such as Waste Management Services and Clean Energy Generation, though smaller in number, are on the rise, hinting at evolving industry trends in Maldon.
Business Continuity
- Company Cessations: There are 5719 ceased companies, which is a significant number. This figure reflects the dynamic nature of the business landscape in Maldon, where new companies emerge while others conclude their operations.
- Company Trends: With 5,237 total companies, Maldon shows a vibrant business environment. The addition of 1,047 new companies in the last two years underlines the region’s attractiveness for business startups and expansions.
- SMEs and Exporters: The presence of 4,121 SMEs and 158 exporters highlights Maldon’s strong small and medium-sized enterprise sector, contributing significantly to local employment and international trade.
- Innovation and Growth: The area hosts 124 patent owners and 1 grantee, indicating a modest but notable level of innovation. There are also 27 scaleups, demonstrating significant growth potential in the local economy.
Gender and Age Distribution in Leadership
- Founders and Directors Gender: Female founders represent 4% of the total, while male founders dominate with 96%. In directorial roles, females account for 26.44%, males 71.08%, showing gender disparities in leadership positions.
- Age Distribution of Directors: The majority of directors are aged over 40, with 47.38% being over 50. This suggests experienced leadership within the Maldon business community.
Conclusion
Maldon’s economy is characterised by its diversified sectors, steady employment growth, and a dynamic mix of established businesses and new entrants. While traditional sectors like construction and retail trade remain strong, emerging industries offer new opportunities. The gender imbalance in leadership roles and the significant number of company cessations are areas for further attention. Maldon’s economic landscape, with its mix of SMEs, exporters, and innovative entities, indicates a robust and evolving business environment.