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Retail succession in North East
25.5% of 3,992 trading retail companies in North East have a director aged 60 or over, against 25.4% for the sector across the UK.
3,992trading companies measured
25.5%have a director aged 60 or over
8.0%have a director aged 70 or over
60.0%are owner-run (one person or family holds 50%+)
62.2%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 |
| 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 |
| Financial services | 2,618 | 35.0% | 10.7% | 51.7% | 47.2% | 6 |
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