LARGER companies are narrowing the gap with small and medium-sized firms in terms of the number of companies with a female director, says a new report.

Analysis of more than 2.7m firms by business information group Experian looked at the number of male and female directors of UK businesses between 2007 and 2012.

It showed that the total number of directors rose from 4.3m to 5m.

The number of male directors rose by 15% from 3.26m to 3.74m while the number of females increased by 24% from 993,050 to 1.23m.

Taking into account business failures and new start-ups during the period, as well as changes to directorships of surviving businesses, 240,000 more female directors have been appointed overall, according to Experian.