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

Analysis Report: Economic and Business Activity in Newark and Sherwood


Newark and Sherwood, with a total of 48,483 employees across various sectors, demonstrates a dynamic economic landscape. The region is marked by a diverse range of business activities, with significant representation in professional, scientific, technical, wholesale, retail trade, and construction sectors. The area also shows a positive trend in business growth, as evidenced by the number of scale-ups and new companies established in the last two years.

Employment and Business Growth

  • Total Employees: 48,483. The region has experienced a positive growth in employment, with a 5.35% increase in employee numbers. This indicates a thriving job market and opportunities for workforce development.
  • Top Sectors: The leading sectors by company count are Professional, Scientific and Technical Activities (830 companies), Wholesale and Retail Trade/Repair of Motor Vehicles and Motorcycles (782 companies), and Construction (732 companies). These sectors are critical in driving the regional economy.
  • Top Sectors (Raisers): Sectors showing significant growth include Legal Services, Design Services, Consumer Banking and Financial Services, Business Architectural Services, and Other Technology/IP-based businesses. This diversification suggests a robust and evolving business environment.

Business Continuity

  • Company Cessations: 572 companies ceased operations, which might indicate challenges in certain sectors or normal business cycle dynamics.
  • New Companies (2 Years): 1,502 new companies established in the last two years. This high number of new enterprises is indicative of a favorable business climate and entrepreneurial spirit in the area.
  • Scale-ups: 31 scale-ups indicate a supportive environment for business expansion and growth.

Sector Dynamics

  • SMEs and Exporters: 4,695 SMEs and 169 exporters highlight the region’s strong foundation of small and medium-sized enterprises, contributing significantly to the local economy.
  • Foreign Parent Companies: 80 businesses with foreign parent companies show the region’s global business integration.
  • Fundraisings and Patent Owners: 44 fundraisings and 4 patent owners reflect an environment conducive to innovation and investment.

Diversity and Governance

  • Founders’ Gender: 17.14% female founders, 77.14% male founders, and 5.71% unknown. This data points to gender disparities in business founding, highlighting the need for more inclusive entrepreneurship opportunities.
  • Directors’ Gender: 28.28% female directors and 61.54% male directors show moderate gender diversity in leadership roles.
  • Age Distribution of Directors: The distribution of directors’ ages across various brackets demonstrates diversity in terms of experience and generational perspectives in corporate governance.


Newark and Sherwood’s economic and business activities exhibit a vibrant and diverse business ecosystem. The region’s employment growth, emergence of new companies, and the strength of SMEs and scale-ups indicate a robust economic environment. However, areas such as gender diversity in business leadership and company cessations need attention to ensure sustainable growth.

Company foundations and cessations over time

Active companies over time

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