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

Analysis Report: Economic and Business Activity in Flintshire

Overview

Flintshire exhibits a diverse economic profile with significant activity in sectors like wholesale, retail trade, professional services, and construction. The presence of 9,579 companies and a total employment of 95,979 indicates a robust business ecosystem. However, the lack of IPOs suggests limited activity in the public market sector. The gender diversity in founder and director roles shows room for improvement, with a higher representation of males in both categories.

Employment and Business Growth

  • Total Employees: 95,979. Flintshire’s workforce is substantial, contributing significantly to the local economy. The 6.47% employee growth rate indicates a healthy job market.
  • Employee Growth: The 93 companies that have increased their workforce underscore a positive business expansion trend.
  • Top Sectors for Growth: The top sectors showing growth are ‘Other manufacturing and engineering’, ‘Building materials’, ‘Oil and gas’, ‘Payment processing’, and ‘Clean energy generation’. This diversity suggests a balanced economic development across various industries.

Sector Dynamics

  • Top Sectors by Company Numbers: Wholesale and retail trade leads with 1,302 companies, followed by professional services (1,049 companies), and construction (860 companies). These sectors are pivotal to Flintshire’s economic fabric.
  • Emerging Sectors: Sectors such as clean energy and payment processing, though small in number, indicate an evolving economic landscape, adapting to modern technological and environmental trends.

Business Continuity

  • Company Cessations: There were 8,920 company closures, which, compared to the total number of companies, suggests a dynamic business environment with ongoing churn.
  • New Companies in 2 Years: 1,820 new companies in two years show a vibrant startup ecosystem.

Gender Diversity in Leadership

  • Founders: 14.04% female founders versus 85.96% male founders.
  • Directors: 27.66% female directors versus 69.42% male directors. This data points to a gender gap in leadership roles within the business community.

Other Key Indicators

  • Number of Scaleups: 54, indicating a moderate level of high-growth companies.
  • SMEs and Exporters: 5,529 SMEs and 231 exporters, suggesting a strong base of small and medium-sized enterprises with international reach.
  • Foreign Parent Companies: 118, showing a level of international investment and influence.
  • Fundraising and Innovation: 172 fundraisings and 9 patent owners highlight Flintshire’s potential for innovation and investment attractiveness.
  • Young Companies with Young Directors: 303 companies, signifying a youthful entrepreneurial spirit.

Conclusion

Flintshire’s economic landscape is marked by a strong presence in traditional sectors like wholesale, retail, and construction, coupled with emerging areas like clean energy. While the gender gap in leadership roles remains a challenge, the dynamic startup scene and consistent business growth signal a healthy and evolving economic environment. The balance of established and new industries positions Flintshire well for future economic resilience and innovation.

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