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Retail succession in South West
34.7% of 10,516 trading retail companies in South West have a director aged 60 or over, against 25.4% for the sector across the UK.
10,516trading companies measured
34.7%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%+)
54.0%have a single director
Other sectors in South West
| Sector | Companies | Director 60+ | Director 70+ | Owner-run | Single director | Median age (yrs) |
|---|---|---|---|---|---|---|
| Professional services | 33,793 | 37.8% | 11.4% | 62.2% | 59.5% | 9 |
| 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 |
| 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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