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

Analysis Report: Economic and Business Activity in Rother

Overview

Rother, a local council area, shows diverse economic activities, with a particular strength in professional, scientific, technical, and construction sectors. The region has a total of 38,422 employees, with a notable 11.43% employee growth. There’s a strong representation of small and medium-sized enterprises (SMEs) and a notable number of new companies established in the last two years.

Employment and Business Growth

  • Total Employees: 38,422. The employment landscape in Rother is growing, with an 11.43% increase in employment. This suggests a robust job market and opportunities for workforce development.
  • Employee Growth Rate: 11.43%. This significant growth rate indicates a healthy and expanding job market in Rother, reflecting economic vibrancy.
  • Number of Scale-ups: 22. The presence of scale-up companies highlights the region’s potential for business expansion and innovation.

Sector Dynamics

  • Top Sectors: The dominant sectors include professional, scientific, technical activities (998 companies), construction (975 companies), and real estate activities (772 companies). These sectors are critical drivers of Rother’s economy.
  • Sectors with Rising Companies: Consumer banking and financial services, other business and professional services, social networks, and mobile apps are emerging as dynamic sectors with potential for future growth.
  • Number of Companies: 7,108. A substantial base of companies underpins the local economy, providing a diverse range of services and products.
  • New Companies in Last 2 Years: 1,424. This shows a healthy startup ecosystem and entrepreneurial spirit in the region.
  • Small and Medium Enterprises (SMEs): 5,689. SMEs are the backbone of Rother’s economy, contributing significantly to employment and economic diversification.
  • Exporters: 125. Export activity in Rother, though modest, contributes to the region’s economic resilience and global reach.
  • Companies with Foreign Parentage: 2. This indicates limited but present foreign investment and international business connections.
  • Fundraisings: 70. The number of fundraisings reflects an active investment landscape, crucial for business growth and innovation.

Business Continuity

  • Company Cessations: 546. While there are company closures, the number is relatively low compared to the total companies, indicating a stable business environment.
  • Patent Owners: 2. The presence of patent owners suggests some degree of innovation and intellectual property development in the region.

Conclusion

Rother’s economic landscape is characterised by a growing workforce, a strong SME presence, and diversification across several key sectors. The rise in new companies and scale-ups indicates a dynamic and evolving business environment. However, there is room for improvement in areas like innovation, exports, and attracting more foreign investment to further strengthen the economic base.

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