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

Analysis Report: Economic and Business Activity in Calderdale

Overview

Calderdale’s economic landscape shows a dynamic mix of sectors, with a notable emphasis on wholesale and retail trade. The city has a workforce of 72,280 employees, experiencing a growth with 138 companies reporting an increase in employees. The business environment is diverse, led by sectors such as professional services, construction, and administrative support, reflecting a balanced industrial mix. Despite no IPOs, there is a healthy growth rate of 7.26% in employment, indicating robust economic activity. SMEs and new companies contribute significantly to the business ecosystem, with a considerable number of young companies having young directors, signaling a vibrant entrepreneurial spirit.

Employment and Business Growth

  • Total Employees: 72,280. The number of employees has grown, with 138 companies reporting an increase, indicating a positive employment trajectory.
  • Sectors with Employment Growth: Top sectors experiencing growth include Analytics, Mobile Apps, SaaS, and Energy, suggesting a shift towards technology and innovation-driven industries.
  • Percentage Employee Growth: 7.26%, a healthy rate reflecting the city’s dynamic business environment and potential for further economic expansion.
  • Top Sectors by Number of Companies: Wholesale/Retail Trade (2,479 companies, 17.74%), Professional Services (1,783 companies, 12.76%), Construction (1,654 companies, 11.84%), showing a diversified economic base.
  • New Companies (Last 2 Years): 2,051 new companies have been established, indicating a thriving entrepreneurial environment.
  • SMEs: 10,329 SMEs form the backbone of the economy, underlining the significance of small and medium-sized enterprises in Calderdale’s economic fabric.

Business Continuity

  • Company Cessations: 1,260 companies have ceased operations, a figure that must be evaluated in the context of new business formations and overall economic health.
  • Scale-ups: 78 businesses have scaled up, demonstrating the potential for growth and the supportive business environment in Calderdale.

Governance and Diversity

  • Gender Diversity in Founders and Directors: Founders are 19.77% female and 80.23% male, while directors are 29.84% female and 66.81% male, highlighting areas for improvement in gender diversity.
  • Young Companies with Young Directors: 911 companies, suggesting a vibrant, youthful entrepreneurial scene.

Conclusion

Calderdale presents a robust and diverse economic landscape, marked by a strong presence of SMEs and a variety of sectors. The healthy employment growth rate, alongside a significant number of new companies, highlights the area’s economic vitality. Challenges include improving gender diversity in leadership roles and managing business continuity amidst company cessations.

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