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Professional services succession in South West
37.8% of 33,793 trading professional services companies in South West have a director aged 60 or over, against 32.2% for the sector across the UK.
33,793trading companies measured
37.8%have a director aged 60 or over
11.4%have a director aged 70 or over
62.2%are owner-run (one person or family holds 50%+)
59.5%have a single director
Other sectors in South West
| Sector | Companies | Director 60+ | Director 70+ | Owner-run | Single director | Median age (yrs) |
|---|---|---|---|---|---|---|
| Construction | 29,797 | 32.6% | 9.6% | 55.0% | 54.6% | 9 |
| Property | 26,390 | 43.6% | 19.9% | 38.6% | 39.6% | 8 |
| Software and IT | 14,572 | 28.5% | 7.7% | 61.5% | 61.2% | 10 |
| Hotels and food service | 12,223 | 33.5% | 13.1% | 50.2% | 51.2% | 7 |
| Wholesale | 10,912 | 37.7% | 13.9% | 54.9% | 52.1% | 10 |
| Retail | 10,516 | 34.7% | 12.2% | 56.1% | 54.0% | 9 |
| Health and care | 10,455 | 29.5% | 8.8% | 55.0% | 52.8% | 8 |
| Financial services | 8,967 | 39.1% | 13.5% | 50.0% | 42.9% | 7 |
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