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

Analysis Report: Economic and Business Activity in Dudley

Overview

Dudley’s economic landscape, marked by a diverse range of sectors, reflects a dynamic business environment. The city boasts 102,400 employees, with a notable employee growth rate of 4.78%. Key sectors such as wholesale, retail trade, construction, and professional services dominate, while emerging sectors show promising growth. The balance between established industries and new entrants indicates a robust and evolving economy.

Employment and Business Growth

  • Total Employees: Dudley has 102,400 employees, indicating a strong workforce.
  • Employee Growth Rate: The growth rate of 4.78% suggests a positive trend in job creation.
  • Top Sectors by Company Numbers: Wholesale/retail trade and construction lead, followed by professional and technical activities.
  • Top Sectors by Growth: Emerging sectors like other retail, machinery, and various banking services show growth, hinting at economic diversification.

Business Continuity

  • Company Cessations: The data on company cessations was not provided, highlighting an area for future data collection to better understand business sustainability in Dudley.

Sector Dynamics

  • Leading Sectors: Wholesale/retail trade, construction, and professional services are the leading sectors, showcasing Dudley’s traditional economic strengths.
  • Emerging Sectors: Sectors like consumer banking and materials technology are emerging, reflecting a shift towards a more diverse and modern economy.
  • Number of Companies: With 20,255 companies, Dudley exhibits a vibrant business landscape.
  • New Companies in 2 Years: 5,137 new companies in the last two years demonstrate significant entrepreneurial activity.
  • SMEs and Exporters: 15,020 SMEs and 574 exporters highlight the city’s strong small business base and international trade involvement.
  • Companies with Foreign Parentage: 307 companies, indicating foreign investment and global business ties.

Innovation and Growth

  • IPOs and Scaleups: No IPOs but 99 scaleups suggest a focus on growing existing businesses rather than public offerings.
  • Fundraisings and Patents: 7 fundraisings and 385 patent owners show a culture of innovation and investment in intellectual property.

Diversity in Leadership

  • Founders Gender: 13.92% female founders and 82.28% male founders, with 3.80% unknown.
  • Directors Gender: 26.24% female and 70.35% male directors, with 3.41% unknown.
  • Age Distribution of Directors: A wide age range, with a notable presence of directors above 50 years, indicating experienced leadership.

Conclusion

Dudley’s economic health is robust, marked by a diverse business landscape, steady employment growth, and a strong base of SMEs and exporters. The city’s shift towards emerging sectors alongside traditional strengths suggests a dynamic and evolving economy. However, there’s room for improvement in gender diversity among business leaders and deeper insights into business continuity.

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