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Retail succession in North West
23.8% of 17,059 trading retail companies in North West have a director aged 60 or over, against 25.4% for the sector across the UK.
17,059trading companies measured
23.8%have a director aged 60 or over
7.7%have a director aged 70 or over
64.2%are owner-run (one person or family holds 50%+)
67.0%have a single director
Other sectors in North West
| Sector | Companies | Director 60+ | Director 70+ | Owner-run | Single director | Median age (yrs) |
|---|---|---|---|---|---|---|
| Professional services | 45,503 | 31.3% | 8.8% | 64.7% | 64.8% | 8 |
| Property | 42,104 | 31.0% | 11.9% | 46.2% | 50.0% | 7 |
| Construction | 34,805 | 27.2% | 7.5% | 60.0% | 62.6% | 8 |
| Health and care | 19,512 | 22.0% | 5.5% | 57.1% | 57.8% | 7 |
| Wholesale | 18,522 | 30.5% | 10.4% | 62.0% | 63.2% | 8 |
| Software and IT | 17,785 | 20.5% | 4.6% | 65.7% | 67.7% | 8 |
| Hotels and food service | 15,092 | 25.0% | 8.2% | 57.6% | 62.4% | 5 |
| Financial services | 11,931 | 35.5% | 10.8% | 46.8% | 45.8% | 7 |
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