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The information is accurate as of 31 December 2022.
Data courtesy of Beauhurst.

Analysis Report: Economic and Business Activity in Angus

Overview

Angus, a dynamic region, exhibits a diverse economic landscape. The area hosts a total of 16849 employees, indicating a robust workforce. Key sectors contribute variably, with ‘Professional, scientific and technical activities’ leading at 15% of businesses. The presence of sectors like Construction, Retail Trade, and Administrative Services underlines a balanced economic mix. Notably, emerging sectors like Information and Communication hold a smaller share but are crucial for future growth.

Employment and Business Growth

  • Total Employees: Angus employs 16,849 individuals, reflecting the region’s capacity to sustain a sizable workforce. This figure is significant for understanding the region’s economic vitality and labor market strength.
  • Key Sectors: The leading sectors in Angus include Professional, scientific and technical activities (643 companies, 15%), Construction (517 companies, 12.06%), and Retail Trade (493 companies, 11.5%). These sectors are pivotal in driving employment and business growth in the region.
  • Emerging Sectors: Sectors like Information and Communication, though smaller in size (135 companies, 3.15%), are crucial for the region’s future economic development, indicating a gradual shift towards knowledge-based industries.

Sector Dynamics

  • Dominant Sectors: The dominance of sectors such as Professional services and Construction indicates a well-established industry base. These sectors contribute significantly to the region’s economic output and employment.
  • Diversity in Sector Contribution: The varied contribution of different sectors, from Real Estate (8.77%) to Manufacturing (6.46%) and Agriculture (6.13%), reflects the economic diversity of Angus, which is beneficial for regional stability.
  • Company Cessations: The cessation rate in Angus stands at 10.09%, which is a critical indicator of business turnover and economic dynamism. A balanced cessation rate suggests healthy business churn, where new businesses emerge as others wind down.
  • Gender Representation in Founders and Directors: The region shows a gender disparity in business leadership, with male founders and directors constituting 77.78% and 69.29%, respectively. Female representation stands at 18.52% among founders and 28.16% in director roles, highlighting areas for improvement in gender diversity.
  • Age Demographics of Business Leaders: The age distribution of business leaders skews towards the older population, with the highest percentage (31.20%) being above 60 years. This indicates a seasoned leadership but also points to the need for fostering younger entrepreneurial talent.

Business Continuity

  • Company Cessations: The cessation rate of 10.09% indicates a moderate level of business turnover, reflecting both the exit of underperforming businesses and the entry of new players, which is essential for a dynamic economy.

Conclusion

Angus presents a vibrant economic profile with diverse sectoral contributions, led by professional services and construction. The region’s employment base is strong, yet there is room for improvement in gender diversity in leadership roles and nurturing younger entrepreneurs. The moderate business cessation rate contributes to a dynamic business environment.

The information is accurate as of 31 December 2022.
Data courtesy of Beauhurst.