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Financial services succession in West Midlands
37.1% of 9,446 trading financial services companies in West Midlands have a director aged 60 or over, against 36.5% for the sector across the UK.
9,446trading companies measured
37.1%have a director aged 60 or over
12.1%have a director aged 70 or over
49.7%are owner-run (one person or family holds 50%+)
47.4%have a single director
Other sectors in West Midlands
| Sector | Companies | Director 60+ | Director 70+ | Owner-run | Single director | Median age (yrs) |
|---|---|---|---|---|---|---|
| Property | 31,581 | 31.7% | 12.6% | 44.6% | 47.9% | 6 |
| Professional services | 30,470 | 34.2% | 10.2% | 63.6% | 63.5% | 9 |
| Construction | 27,279 | 28.5% | 8.1% | 60.0% | 62.7% | 8 |
| Wholesale | 15,691 | 30.6% | 10.8% | 61.9% | 63.3% | 8 |
| Health and care | 13,820 | 22.9% | 7.1% | 59.0% | 61.6% | 7 |
| Retail | 13,256 | 24.6% | 7.6% | 63.7% | 66.5% | 7 |
| Software and IT | 12,164 | 23.3% | 6.0% | 63.8% | 64.4% | 9 |
| Hotels and food service | 11,407 | 23.2% | 7.3% | 61.5% | 66.9% | 5 |
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