News release
Contact:
Serj Heera
Press Relations Executive, Automotive & Insurance
+44 (0) 115 976 8945 Tel
serjeet.heera@uk.experian.com Email
Directors getting younger in the automotive industry
Nottingham, UK, 8 Januray 2008 - Directors in the automotive industry are getting younger, according to Experian®, the global information services company.
An analysis of Experian’s National Business Database has found that 54 per cent of all directors in the sector are now under the age of 50, compared to 49 per cent last year.
Overall, the number of people holding director positions in the UK’s automotive industry has increased (up four per cent). Younger aged directors increased significantly in numbers, with the biggest increase coming from directors aged up to 29 years old (53 per cent increase on last year) followed by those aged between 30 and 34 years old (26 per cent increase). All age groups of 55 years and above saw a drop in numbers.
The highest concentration of directors in the automotive industry are in the 45 to 49 year age group (16 per cent of the total figures), which is a younger age group than last year when it was in the 60 and 69 years age group (17 per cent).
The analysis of the database also revealed that the number of female directors in the automotive industry is on the increase. Female directors in the automotive industry now make up 19 per cent of the total number of directors in this sector. However, women tend to be older when they achieve director status, with the most common age group being 60 to 69.
Further analysis of the data has found that those businesses that have female directors are more likely to be classed as low risk to trade with. Conversely, there is a greater chance of men holding director positions within companies that have been classed as high-risk businesses to deal with and also a greater likelihood of men holding director positions within companies that are making a loss.
Women are also more likely to be directors of smaller automotive businesses with up to 50 employees. They are more likely to hold directorships within automotive companies that have a turnover of up to £5.6 million, while male directors dominate businesses that turn over £5.6 million or more.
Kirk Fletcher, Managing Director of Experian’s Automotive division, said: “The automotive landscape has traditionally been dominated by older men and although the situation is generally still the same, this latest analysis suggests that changes are taking place. Not only are directors getting younger, but more and more female directors are entering the industry.
“This latest data analysis demonstrates the breadth and depth of the information Experian holds on businesses. This is not limited to the automotive industry, but includes information on businesses in other sectors that automotive companies are likely to trade with. We cross reference in-depth business information with valuable insight into the people behind the business, so our clients always get the most accurate overview available.”
The figures are based ‘company directors’ as registered at Companies House and the director analysis was undertaken using data contained on Experian’s National Business Database, one of the most comprehensive B2B marketing data sources in the UK. Experian’s National Business Database contains a unique combination of independent and trusted data sources, not only from Companies House, but also from Yellow Pages, Thomson and Experian. It provides five million business records and over two million mailable business records for direct marketing purposes.
|
Directors |
Male |
% change from 2006 |
Female |
% change from 2006 |
|
2007 |
51,385 |
4 |
12,186 |
3 |
|
Age |
Male |
% change from 2006 |
Female |
% change from 2006 |
Total |
|
18 to 29 |
1,942 |
53 |
356 |
42 |
1,717 |
|
30 to 34 |
3,086 |
27 |
650 |
20 |
3,266 |
|
35 to 39 |
5,873 |
17 |
1,326 |
18 |
6,616 |
|
40 to 44 |
8,402 |
10 |
1,719 |
9 |
9,761 |
|
45 to 49 |
8,478 |
5 |
1,672 |
4 |
10,294 |
|
50 to 54 |
7,116 |
-0.3 |
1,595 |
0.4 |
9,210 |
|
55 to 59 |
6,561 |
-5 |
1,658 |
-1 |
8,960 |
|
60 to 69 |
7,571 |
-9 |
2,142 |
-7 |
10,998 |
|
70 to 79 |
1,818 |
-11 |
703 |
-11 |
2,882 |
|
80 to 89 |
398 |
-20 |
261 |
-12 |
815 |
|
90+ |
21 |
-49 |
40 |
-30 |
101 |
|
Pre-Tax Profit Band |
Male |
% change from 2006 |
Female |
% change from 2006 |
|
Loss > 100k |
14,335 |
1 |
2,921 |
-6 |
|
Loss < 100k |
3,014 |
-9 |
645 |
-12 |
|
Profit < 0.5m |
27,045 |
1 |
7,261 |
3 |
|
Profit 0.5m to 1m |
3,414 |
129 |
806 |
125 |
|
Profit 1m to 1.5m |
1,236 |
10 |
269 |
14 |
|
Profit >1.5m |
2,341 |
-6 |
284 |
9 |
|
Turnover Band |
Male |
% change from 2006 |
Female |
% change from 2006 |
|
Up to 5.6m |
43,216 |
-0.2 |
10,731 |
-1 |
|
>5.6m to 22.8m |
5,115 |
58 |
1,069 |
69 |
|
>22.8m |
3,054 |
4 |
386 |
10 |
|
Employee Band |
Male |
% change from 2006 |
Female |
% change from 2006 |
|
0 to 50 |
46,182 |
4 |
11,361 |
3 |
|
51 to 250 |
3,807 |
0.3 |
685 |
4 |
|
251 + |
1,396 |
-3 |
140 |
-7 |
|
Commercial DELPHI Risk |
Male |
Female |
|
High Risk |
7,316 |
1,461 |
|
Above Average Risk |
5,884 |
1,230 |
|
Below Average Risk |
8,511 |
1,982 |
|
Low Risk |
24,710 |
6,538 |
ENDS
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About Experian’s Automotive division
Experian’s Automotive division offers intelligent solutions, which enable its customers to optimise the potential of the vehicle, the consumer and the market. Working with organisations operating throughout the vehicle life cycle from manufacturers through to retailers, finance houses, insurers and aftermarket service providers, solutions are delivered through two business streams. Automotive Data and Decisioning enables customers to interrogate in real-time the history, identity and risk associated with any given vehicle and Automotive Marketing Solutions helps the automotive market target, acquire and manage customer relationships more effectively and efficiently both on and offline.