Measuring regional business resilience

Figures & data

Figure 1. Location of the Cardiff Capital Region (CCR) within both Wales and the UK.

Table 1. QuiScore bands (adapted from FAME QuiScore description).

QuiScore band	Description	Likelihood of failure (%)
100–81 Secure	Companies tend to be large and successful public companies. Failure is very unusual and normally occurs only as a result of exceptional changes within the company or its market	0%
80–61 Stable	Company failure is a rare occurrence and will only come about if there are major company or marketplace changes	0%
60–41 Normal	This band contains many companies that do not fail, but some that do	6%
40–21 Unstable	As the name suggests, there is a significant risk of company failure; in fact, companies in this band are, on average, four times more likely to fail than those in the normal band	11–29%
20–00 High risk	Companies in the high-risk sector may have difficulties in continuing trading unless significant remedial action is undertaken, there is support from a parent company or special circumstances apply. A low score does not mean that failure is inevitable	50–100%

Table 2. Average QuiScores for active Cardiff Capital Region (CCR) manufacturing companies.

	Average type	Value, all	Qui risk
All active (n = 1785)	Mean (SD)	56.51 (22.33)	Normal
	Mode	50.00	Normal
	Median	51.00	Normal
Top 50 turnover (of n = 429)	Mean (SD)	86.28 (12.55)	Secure
	Mode	94.00	Secure
	Median	91.00	Secure
Top 51–100 turnover (of n = 429)	Mean (SD)	90.39 (7.86)	Secure
	Mode	91.00	Secure
	Median	91.00	Secure
Top 101–250 turnover (of n = 429)	Mean (SD)	91.07 (4.76)	Secure
	Mode	92.00	Secure
	Median	92.00	Secure
Bottom 51–100 turnover (of n = 429)	Mean (SD)	77.18 (17.40)	Stable
	Mode	77.18	Stable
	Median	77.18	Stable
Bottom 50 turnover (of n = 429)	Mean (SD)	54.24 (21.37)	Normal
	Mode	20.00	High risk
	Median	51.00	Normal
No turnover (n = 1356)	Mean (SD)	47.74 (15.85)	Normal
	Mode	50.00	Normal
	Median	48.00	Normal

Figure 2. Average QuiScores for active manufacturing companies in the Cardiff Capital Region (CCR) (n = 1785) using Standard Industrial Classification (SIC) manufacturing sectors (two-digit SIC).

Table 3. Change in QuiScore.

Change in QuiScore (%)	Non-active (n = 311) (%)	Active (n = 1679) (%)
≥ 90%	0.64%	5.00%
≥ 80%	0.64%	5.42%
≥ 70%	0.64%	5.90%
≥ 60%	0.96%	6.08%
≥ 50%	0.96%	6.73%
≥ 40%	0.96%	7.15%
≥ 30%	1.61%	7.92%
≥ 20%	1.61%	10.90%
≥ 10%	2.25%	16.38%
> 0%	4.50%	29.84%
0%	7.40%	43.66%
< 0%	88.10%	26.50%
≤ −10%	85.21%	13.46%
≤ −20%	81.99%	5.54%
≤ −30%	77.81%	3.16%
≤ −40%	67.52%	1.67%
≤ −50%	57.23%	0.42%
≤ −60%	36.01%	0.06%
≤ −70%	11.90%	0.00%

Figure 3. Distribution of companies based on percentage change and QuiScore.

Figure 4. Average annual change in QuiScore for active (n = 994) and dissolved (including in liquidation) companies (n = 132).

Figure 5. Average annual change in QuiScore for dissolved (including in liquidation) companies based on the final known year of active trading.

Table 4. Analysis of QuiScore based on RO location.

	Companies	Average score	SD	Median	Average change in QuiScore (%) (n)
All active	1785	56.51	22.34	51	13.83% (n = 1679)
Non-CCR RO	245	74.15	21.06	88	1.31% (n = 244)
CCR RO	1540	52.75	20.87	50	15.95% (n = 1435)
CF RO	972	52.52	21.12	50	16.66% (n = 903)
NP RO	568	53.66	20.98	50	14.76% (n = 532)

Note: CCR, Cardiff Capital Region; CF, Cardiff postcode; NP, Newport postcode; RO, registered office.

Table 5. Turnover and trading address analysis.

	Companies	Average turnover (£, thousands)	Median turnover (£, thousands)	Average trading addresses	Median trading addresses
All	1780	186,221	16,986	2.43	1
Non-CCR RO	240	494,236	52,848	10.55	3
CCR RO	1540	37,599	11,094	1.17	1

Note: CCR, Cardiff Capital Region; RO, registered office.

Table 6. Analysis of companies considered healthy before ceasing to trade.

RO postcode area	Last QuiScore	Change in QuiScore (%)	Trading outside the CCR	Trading within the CCR	Notes
E14	84	−10.64%	Yes	No	Dissolved due to mergers
NP20	79	−4.82%	Yes	No	Same group as the company below
NP20	79	−4.82%	Yes	No	Same group as the company above
SE1	74	−6.33%	Yes	No	Parent company still trading, postcode ST18
SE1	66	−26.67%	Yes	Yes	Dissolved due to internal restructuring
NP12	64	0%	No	No
CF82	58	−35.56%	No	Yes	Management buyout of the company in administration
M3	58	−24.68%	Yes	No
SA1	58	−14.71%	No	No
CF45	58	9.43%	No	No
CF10	57	11.76%	No	No
CF24	55	0%	No	No
CF15	53	−15.87%	No	No
CF31	53	0%	No	No
NP4	51	0%	No	No
CF24	51	4.08%	No	No

Note: CCR, Cardiff Capital Region; RO, registered office.