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

Analysis Report: Economic and Business Activity in Torridge


Torridge, a local council area, displays a diverse economic landscape with strengths in several sectors like Construction, Professional activities, and Retail trade. With 14,849 employees in the region, the area has seen a notable 6.44% employee growth rate, indicating a dynamic job market. The presence of 19 scale-ups and a substantial number of new companies (344 in 2 years) reflects a vibrant entrepreneurial spirit. However, the absence of IPOs and a limited number of fundraisings (12) suggest room for improvement in capital markets and investment opportunities. Gender diversity in leadership roles shows a progressive trend, albeit with a scope for enhancement, especially in the founders’ demographic.

Employment and Business Growth

  • Total Employees: 14,849. The employee growth rate of 6.44% is a positive indicator of the area’s economic vitality and potential for job creation.
  • Top Sectors with Employee Growth: Not specified in the data.
  • Number of Scaleups: 19, signifying a healthy environment for business expansion and growth.
  • New Companies in Last 2 Years: 344, indicating a robust influx of new businesses and entrepreneurial activity.

Sector Dynamics

  • Top Sectors by Company Numbers: Construction (395 companies), Professional activities (375 companies), and Retail trade (355 companies) are the leading sectors, showcasing the region’s economic diversity.
  • Top Sectors with Rising Company Numbers: Data not provided.

Business Continuity

  • Company Cessations: 265 companies ceased operations, underscoring challenges in business sustainability.

Directors and Founders

  • Founders’ Gender: 18.75% female, 75% male, 6.25% unknown. This distribution highlights a gender gap in entrepreneurial initiatives.
  • Directors’ Gender: 32.35% female, 64.68% male, 2.98% unknown. While better than the founders’ gender balance, it still indicates a male dominance in leadership roles.
  • Age Distribution of Directors: The majority (34.41%) of directors are over 60, with significant representation in the 50-60 age bracket (27.17%). This suggests experienced leadership but may also point to a need for younger perspectives in boardrooms.


Torridge’s economic landscape is characterised by a strong presence in construction, professional services, and retail, coupled with a growing workforce. The region shows signs of a thriving entrepreneurial ecosystem, as evidenced by the number of new companies and scale-ups. However, challenges in business continuity and the need for more gender-balanced leadership are areas that require attention. Overall, Torridge exhibits a dynamic economy with opportunities for further growth and diversification.

Company foundations and cessations over time

Active companies over time

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