Overview
Tandridge’s economic landscape, with 28,039 employees, exhibits robust diversity across various sectors. The region has seen a 6.06% growth in employment, indicating a positive business environment. Notably, the professional, scientific, and technical activities sector leads with 17.25% of companies, followed by construction and administrative support. Tandridge’s business scene is characterised by a blend of traditional and emerging sectors, with some unique growth in areas like internet platforms and educational services. The region’s director demographics show a significant presence of experienced professionals, with a majority over 50 years old.
Employment and Business Growth
- Total Employees: Tandridge employs 28,039 people, a significant workforce size. The area has experienced a 6.06% employee growth rate, suggesting a dynamic and expanding job market.
- Top Sectors by Employment: Leading sectors include professional, scientific, and technical activities (17.25%), construction (14.42%), and administrative support (11.5%). This diversity indicates a balanced economic base.
- New Companies in 2 Years: With 1,501 new companies in the past two years, there’s a clear sign of entrepreneurial vitality and business opportunities in Tandridge.
- Small and Medium Enterprises (SMEs): The presence of 6,750 SMEs highlights the crucial role of small businesses in the local economy.
Sector Dynamics
- Top Sectors by Company Count: Professional and scientific activities lead with 1,436 companies. The construction sector follows with 1,201 firms, showcasing Tandridge’s strong infrastructure development.
- Emerging Sectors: Emerging sectors like internet platforms and educational services indicate diversification and adaptation to modern business trends.
- Scale-ups: With 44 scale-up companies, Tandridge shows potential for future business leaders in various industries.
Business Continuity
- Company Cessations: The cessation rate appears relatively low, with 732 companies ceasing operations. This number, juxtaposed against 1,501 new companies, suggests a dynamic and evolving business environment.
Leadership and Diversity
- Gender Diversity in Leadership: The council reports 16.33% female founders and 29.2% female directors, indicating progress in gender diversity but also room for improvement.
- Age Distribution of Directors: A significant number of directors are over 50 (59.39%), reflecting a wealth of experience in Tandridge’s business leadership.
Conclusion
Tandridge’s economy is characterised by its diversity across various sectors, with a strong presence in professional, scientific, and construction industries. The region is experiencing steady business growth and shows promising signs of emerging sectors like internet platforms. Leadership diversity is progressing, though there’s potential for greater gender balance. Overall, Tandridge presents a dynamic and evolving business environment with a blend of established industries and new entrepreneurial ventures.