Ownership , Governance and Performance UK Corporate Sector Database

1. Nick Wilson
Credit Management Research Centre
Leeds University Business School
Tel: +44 (0) 113 343 4472
Email: nw@lubs.leeds.ac.uk
Ownership, Governance and Performance:
UK Corporate Sector Data-base (1998-2013)

2. Leeds University Business School
Overview of Data Sets
Corporate Data

3. Leeds University Business School
Corporate Data: Overview of Data Set
• Data Filed at Companies House
- Annual and Interim Accounts
- Financial Statements (abridged, medium, full, GAAP, IFRS, legal type)
- Auditors; Audit Qualifications
- Banks
- Annual Return
- Industry Sector/Technology (NACE)
- Location (grid ref - region)
- Shareholders
- Directors
- Filing History
- Change in Directors
- Change in Shareholdings
- Charges on Assets
- Name Changes
- Exits
- Insolvency
- Voluntary
- Dissolution
- Valued Added Data (other sources)
- Sub-samples: Buyouts, Spin-Outs, VC/PE-backed, Growth, High Tech
switching
Matching/location
Cross-check: TSO, Insolvency service

4. Leeds University Business School
Corporate Data: Panel (Company-Years)
Around 60% are abridged accounts
40% Full P&L
Since 2007
- Detailed Accounts
GAAP
IFRS
Includes all entry, exits and dissolution
and dormants
Incorporation date - age
- regnum unique
Group structure - subsid etc

5. Leeds University Business School
Corporate Data: Panel (Company-Years)
Performance
Profitability
Productivity (value added)
Growth (assets, turnover)
- 3 years
- 5 years
Survival
Longevity
Subsamples and Added Data
Buyouts and PE backed firms
Family Firms
Spin-outs
High Tech Firms
High growth Firms

6. Leeds University Business School
Corporate Data: Exits and distress
Insolvency
Administration - date and exit date
Liquidation - date
Receivership - date
Voluntary arrangements – date and end
Voluntary Closures
Dissolutions
Distress
Charges on Assets
County Court Judgments (to 2010)
Late Filing
Industry Risk Index

7. Leeds University Business School
Corporate Data: Industry and Location
Location
Registered Address
Trading Address
Post code matched to grid reference
NUTS regions
Industry
Sic codes (2003, 2007)
Matched to Technology (NACE)
Competition Index

8. Leeds University Business School
Corporate Data: Auditors and Bankers
Audit
Audited or not
Auditor (coded as Big 5/4; Top Tier; Other)
Auditor switching (in and out; up and down)
Audit Qualifications (coded 1-5 scale of severity)
Bank
Primary banker
Bank switching

9. Leeds University Business School
Analysis of Ownership and Variable Construction
Shareholder Data

10. Leeds University Business School
Analysis of Ownership and Variable Construction
Shareholders
- Individuals
- Companies
- LLPs
- Trusts
Individuals
- Gender
- Ethnicity
- Title
Share Types
- Ordinary
- Preference
- Employee
- Other
Share Value
- Total
- Percentage
Gender (22%)
Surnames:
Common Surnames
Title:
Professor, Dr etc
N= 6,324,215
Firms= 3,257,565

11. Leeds University Business School
Analysis of Ownership and Variable Construction
Shareholders
- Individuals
- Companies
- LLPs
- Trusts
Individuals
- Gender
- Ethnicity
- Title
Share Types
- Ordinary
- Preference
- Employee
- Other
Share Value
- Total
- Percentage
N= 6,324,215
Firms= 3,257,565

12. Leeds University Business School
Shareholders
- Trusts (obvious)
- Long Strings
- Family Trust
- Settlement Trust
- Trustees (long
string)
- Employee Trusts
- Share Schemes
- Employee Owned
- Family Owned
(surname)
- Pension Funds
Analysis of Ownership and Variable Construction
Trustees
Trusts

13. Leeds University Business School
Shareholders
- Trusts (obvious)
- Long Strings
- Family Trust
- Settlement Trust
- Trustees (long
string)
- Employee Trusts
- Share Schemes
- Employee Owned
- Family Owned
(surname)
- Pension Funds
Analysis of Ownership and Variable Construction
Trustees of fund
Employees
& Other

14. Leeds University Business School
Shareholders
- Trusts (obvious)
- Long Strings
- Family Trust
- Settlement Trust
- Trustees (long
string)
- Employee Trusts
- Share Schemes
- Employee Owned
- Family Owned
(surname)
- Pension Funds
Analysis of Ownership and Variable Construction Trustees of fund
Family Trusts

15. Leeds University Business School
Shareholders
- Trusts (obvious)
- Long Strings
- Family Trust
- Settlement Trust
- Trustees (long
string)
- Employee Trusts
- Share Schemes
- Employee Owned
- Family Owned
(surname)
- Pension Funds
Analysis of Ownership and Variable Construction
Employee Benefit Trusts

16. Leeds University Business School
Shareholders
- Companies
- Investment
- Private Equity
- Venture Capital
- Banks
- Investment Co’s
Analysis of Ownership and Variable Construction
Shareholders
- Companies
- LLPs
- Ltd Companies
- PLC’s
- Holding Companies
- Nominees
PE & VC etc

17. Leeds University Business School
Analysis of Directors and Boards: Variable Construction
Director Data (Current Directors)
- Age
- Gender
- Qualifications
- Location
- Co-location
- Current Directorships
- Resignations
Director Data (Associated Directorships)
- First Appointment
- Companies
- Company Industry Sectors
- Company Exits
- Resignations
Variables
- Board Size
- Composition
- Age (average, variation)
- Gender
- Experience (months)
- Sector experience (months)
- Resignations (tenure length)
- Co-location (with directors/company)
- Previous failures/exits
- Previous growth
- Previous investments
- Family members
- Insider Ownership etc

18. Leeds University Business School
Comments and Suggestions
Corporate Data