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Engineering succession in North East
36.4% of 1,650 trading engineering companies in North East have a director aged 60 or over, against 41.8% for the sector across the UK.
1,650trading companies measured
36.4%have a director aged 60 or over
12.2%have a director aged 70 or over
56.1%are owner-run (one person or family holds 50%+)
56.2%have a single director
Other sectors in North East
| Sector | Companies | Director 60+ | Director 70+ | Owner-run | Single director | Median age (yrs) |
|---|---|---|---|---|---|---|
| Professional services | 10,847 | 31.1% | 8.6% | 65.0% | 64.9% | 8 |
| Property | 9,966 | 32.2% | 13.7% | 45.0% | 46.6% | 6 |
| Construction | 9,833 | 26.6% | 6.6% | 61.1% | 64.0% | 8 |
| Hotels and food service | 4,743 | 27.3% | 9.2% | 57.1% | 61.0% | 5 |
| Retail | 3,992 | 25.5% | 8.0% | 60.0% | 62.2% | 7 |
| Health and care | 3,706 | 26.5% | 8.3% | 55.3% | 52.5% | 7 |
| Wholesale | 3,691 | 33.8% | 12.3% | 59.4% | 58.3% | 9 |
| Software and IT | 3,343 | 23.7% | 6.7% | 63.0% | 62.4% | 9 |
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