We segmented data on SIC codes related to financial services from UK Companies House as at 16.05.23 and found some interesting insights regarding company directors.
Pension funds have the highest average number of directors
Pension funds lead the average number of directors at 2.92 while open-ended investment companies have the lowest average number of directors at 1.56.
Most banks only have 1 company director
70% (932) banks have 1 company director while 13% have 2 directors. Only 12% have 5 directors or more.
More than half of financial services holding companies only have 1 company director
52% (4781) of financial services holding companies have 1 company director while 26% have 2 directors. Only 6% have 5 or more directors.
Only 5% of investment trusts have 5 or more directors
61% (2212) of investment trusts have 1 director while 24% have 2 directors. Only 5% have 5 or more directors.
Almost half of all unit trusts have 1 director
46% (94) of unit trusts have 1 director while 28% have 2 directors. 14% have 5 or more directors.
Only 4% of venture and development capital companies have 5 or more directors
60% (2877) of venture and development capital companies have 1 director while 26% have 2 directors. Only 4% have 5 or more directors.
Most open-ended investment companies only have 1 director
63% (3911) of open-ended investment companies have 1 director while 27% have 2 directors. Only 2% have 5 or more directors.
Pension funds have the most company directors in the financial services segment
35% (474) pension funds have 1 director while 27% have 2 directors. Reassuringly, 21% have 5 or more directors.
More than half of fund managers have only 1 director
56% (3871) of fund managers have 1 director while 26% have 2 directors. Only 5% have 5 or more directors.
