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

Analysis Report: Economic and Business Activity in Kirklees

Overview

Kirklees, with its diverse economic landscape, has shown significant trends in business activities and employment. The region hosts a mix of sectors, with Wholesale and Retail Trade leading, alongside notable contributions from Professional, Scientific, Technical, and Construction activities. The city’s employment dynamics, business growth, and sectoral shifts present an intricate picture of its economic health.

Employment and Business Growth

  • Total Employees: Kirklees employs 112,139 individuals. The employment landscape has seen a rise, indicated by 14 sectors experiencing employee growth. This demonstrates a robust job market with expanding opportunities across various industries.
  • Percentage Employee Growth: The city has experienced an 8.73% growth in employment. This significant increase suggests a healthy, expanding economy, likely driven by both established businesses and new ventures.

Sector Dynamics

  • Top Sectors: The leading sectors in Kirklees are Wholesale/Retail Trade (19.19%), Professional/Scientific/Technical Activities (12.07%), and Construction (10.81%). These sectors form the backbone of the city’s economy, contributing significantly to employment and business activities.
  • Sectors with Rising Companies: Emerging sectors like Internet Platforms, TV, Sporting Events, Betting Establishments, and Business Services show dynamic growth, indicating diversification and innovation in the local economy.
  • Total Companies: There are 27,451 companies in Kirklees, reflecting a vibrant business environment.
  • New Companies (2 Years): 8,120 new companies were established over the past two years, demonstrating a robust entrepreneurial spirit and a conducive environment for startups.
  • Small and Medium Enterprises (SMEs): SMEs, numbering 19,754, form the majority of the business landscape, highlighting the city’s strong grassroots business culture.
  • Exporters and Foreign Parent Companies: Kirklees hosts 745 exporters and 307 companies with foreign parentage, indicating its global business reach and international connections.

Business Continuity

  • Company Cessations: Kirklees witnessed the cessation of 3,111 companies. This figure, while indicative of the challenges faced by businesses, also reflects the dynamic nature of the market where new opportunities continuously emerge.

Conclusion

Kirklees presents a dynamic and growing economic landscape, characterised by a diverse sectoral composition, robust employment growth, and a thriving community of SMEs. The rise in new companies and sectors suggests adaptability and innovation, though challenges in business continuity remain. Overall, the economic health of Kirklees appears resilient and evolving.

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