Colchester, Essex

2010 Annual Business Confidence Report

Headlines

  • November 2010 saw a new record in company registrations in Colchester when compared to any previous November.
  • October 2010 saw a new record in company closures in Colchester when compared to any previous October.

Contents

  1. New Company Registrations
  2. Closed Companies (dissolved)
  3. Net Company Growth
  4. UK Company Share
  5. Director Age
  6. Director Gender
  7. Naming Trends
  8. SIC Data
  9. Recent Companies

New Company Registrations

  1. Annual Data (2010)

    A total of 1,199 companies were formed in Colchester in 2010. This total is 4.8% higher than in 2009 and compares poorly to the UK figure of a 10.4% growth compared to 362,675 the previous year.

    YearColchesterUK
    20101,199400,358
    20091,144362,675
    20081,128349,203
    20071,195457,649
    20061,139405,440
    Record Year2003 (1,267)2007 (457,649)
    New Companies by Year
  2. Half Year Data (Jul-Dec 2010)

    In the second half of 2010 a total of 587 companies were formed in Colchester. This figure is 9.9% higher than last year, which compares well to the UK wide figure of 8.8%.

    The highest total for a second half year in Colchester occurred in 2003 when a total of 635 were formed.

    Half Year (Jul-Dec)ColchesterUK
    2010587196,609
    2009534180,654
    % change9.9%8.8%
    Record Year2003 (635)2003 (201,446)
    New Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    A total of 281 companies were registered in Colchester during the fourth quarter of 2010 (Oct 2010 - Dec 2010).

    This figure is an increase of 12.9% versus the same period last year (Q4 2009). This figure compares equally to the UK as a whole, which saw an increase of 10.6% against the same period last year.

    fourth quarter (Oct 2010 - Dec 2010)ColchesterUK
    201028195,117
    200924985,983
    % change12.9%10.6%
    Record Year 2003 (306) 2010 (95,117)
    New Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    November 2010 saw a new record in company registrations in Colchester when compared to any previous November.

    New Companies by Month
    OctoberNovemberDecember
    New companies in 201011610659
    New companies in 2009828780
    % change41.5%21.8%-26.3%
    Record Year2003 (128)2010 (106)2003 (85)

Closed Companies (dissolved)

  1. Annual Data (2010)

    A total of 871 companies were dissolved in Colchester in 2010. This total is 26.5% lower than in 2009 and compares favourably to the UK figure of 35.9% decrease compared to the previous year.

    YearColchesterUK
    2010871342,232
    20091,185533,773
    2008594237,901
    2007617220,295
    2006632200,166
    Record Year2009 (1,185)2009 (533,773)
    Dissolved Companies by Year
  2. Half Year Data (Jul-Dec 2010)

    In the second half of 2010 a total of 430 companies were dissolved in Colchester. This figure is 13.8% lower than last year, which compares badly to the UK wide change of -32.7%.

    The highest total for a second half year in Colchester occurred in 2009 when a total of 499 were closed.

    Half Year (Jul-Dec)ColchesterUK
    2010430164,601
    2009499244,537
    % change-13.8%-32.7%
    Record Year2009 (499)2009 (244,537)
    Dissolved Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    A total of 194 companies were dissolved in Colchester during the fourth quarter of 2010 (Oct 2010 - Dec 2010).

    This figure is a decrease of 6.3% versus the same period last year (Q4 2009). This figure compares poorly to the UK as a whole, which saw a decrease of 9.7% against the same period last year.

    fourth quarter (Oct 2010 - Dec 2010)ColchesterUK
    201019476,896
    200920785,136
    % change-6.3%-9.7%
    Record Year 2009 (207) 2009 (85,136)
    Dissolved Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    October 2010 saw a new record in company closures in Colchester when compared to any previous October.

    Dissolved Companies by Month
    OctoberNovemberDecember
    Closed companies in 2010846545
    Closed companies in 2009736767
    % change15.1%-3.0%-33%
    Record Year2010 (84)2007 (72)2008 (72)

Net Company Growth

  1. Annual Data (2010)

    A total of 328 companies were added to the company register for Colchester in 2010. This number represents growth of 28.7% in the total number of active companies, which compares favourably to the UK figure of 16.0%.

    This number is 369 companies higher than the previous year.

    The highest net company growth figure ever seen in one year came in 2003 when the Colchester company register grew by 775 companies.

    YearColchesterUK
    201032858,126
    2009-41-171,098
    2008534111,302
    2007578237,354
    2006507205,274
    Record Year2003 (775)2003 (242,543)
    Net Growth by Year
  2. Half Year Data (Jul-Dec 2010)

    In the second half of 2010 the company register for Colchester increased by 157 companies.

    Half Year (Jul-Dec)ColchesterUK
    201015732,008
    200935-63,883
    Record Year2003 (410)2003 (117,772)
    Net Growth by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    Net company growth for Colchester during the fourth quarter of 2010 (Oct 2010 - Dec 2010) was 87 companies.

    fourth quarter (Oct 2010 - Dec 2010)ColchesterUK
    20108718,221
    200942847
    Record Year 2003 (206) 2003 (57,175)
    Net Growth by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    Net Growth by Month
    OctoberNovemberDecember
    Net growth in 2010324114
    Net growth in 200992013
    Record Year2003 (100)2003 (56)2007 (59)

UK Company Share

  1. Annual Data (2010)

    In 2010 Colchester formed 0.3% of all UK companies. This is no change on 2009 when Colchester was responsible for 0.3% of all UK companies.

    YearColchester
    20100.3%
    20090.3%
    20080.3%
    20070.3%
    20060.3%
    Record Year (since 1960)1988 (0.4%)
    Company Share by Year
  2. Half Year Data (Jul-Dec 2010)

    In the second half of 2010 Colchester formed 0.3% of all UK companies. This is the same as the 2009 figure of 0.3%.

    Half Year (Jul-Dec)Colchester
    20100.3%
    20090.3%
    20080.3%
    20070.3%
    20060.3%
    Record Year (since 1960) 1987 (0.4%)
    Company Share by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    In the fourth quarter of 2010, Colchester formed 0.3% of all UK companies.

    fourth quarter (Oct 2010 - Dec 2010)Colchester
    20100.3%
    20090.3%
    20080.3%
    20070.3%
    20060.3%
    Record Year (since 1960) 1988 (0.4%)
    Company Share by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    Company Share by Month
    OctoberNovemberDecember
    UK formation share in 20100.3%0.3%0.2%
    UK formation share in 20090.3%0.3%0.3%
    % change23.9%8.9%-29.8%
    Record Year1969 (0.5%)1960 (0.6%)1987 (0.5%)

Director Age

  1. Annual Data (2010)

    The average age of a director in 2010 was 46.3.

    The percentage of directors under the age of 25 was 2.3% compared to the UK figure of 2.5%.

    The percentage of directors over the age of 65 was 6.0% compared to the UK figure of 4.5%.

    Director Age by Year
  2. Half Year Data (Jul-Dec 2010)

    The average age of a director in the second half of 2010 was 45.9.

    The percentage of directors under the age of 25 was 3.6% compared to the UK figure of 2.8%.

    The percentage of directors over the age of 65 was 6.1% compared to the UK figure of 4.4%.

    Director Age by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    The average age of a director in the fourth quarter of 2010 was 45.5.

    The percentage of directors under the age of 25 was 4.2% compared to the UK figure of 3.0%.

    The percentage of directors over the age of 65 was 6.6% compared to the UK figure of 4.4%.

    Director Age by Quarter

Director Gender

  1. Annual Data (2010)

    The record year for female directors in Colchester was 1857 when 36.4% of all directors were female.

    The percentage of female directors in Colchester in 2010 was 28.8%. The average for the UK during this time was 26.2%

    Director Gender by Year
  2. Half Year Data (Jul-Dec 2010)

    The record second half year for female directors in Colchester was 1860 when 42.9% of all directors were female.

    28.2% of all director appointments in Colchester in the second half of 2010 were female. This compares to a UK average of 25.0% for the same period.

    Director Gender by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    The record fourth quarter for female directors in Colchester was in 1977 when 31.1% of all directors were female.

    28.7% of all director appointments in Colchester in the fourth quarter of 2010 were female. This compares to a UK average of 24.7% for the same period.

    Director Gender by Quarter

Naming Trends

  1. Previous 12 months (Dec 2009-Dec 2010)

    Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.

    wordpercentageuk worduk percentage
    CONSULTING1.84%CONSULTING5.06%
    MANAGEMENT1.68%MANAGEMENT5.01%
    CONSULTANCY1.46%CONSULTANCY3.14%
    CARE0.97%PROPERTY2.36%
    DESIGN0.97%TRADING2.11%
    COLCHESTER0.92%ASSOCIATES1.95%
    ESSEX0.92%DESIGN1.92%
    PROPERTY0.86%BUSINESS1.82%
    TRADING0.76%CONSTRUCTION1.82%
    C0.65%CONSULTANTS1.76%
    BUSINESS0.65%MEDIA1.71%
    MEDIA0.59%ENGINEERING1.62%
    CONSULTANTS0.59%LONDON1.60%
    ENGINEERING0.54%CARE1.45%
    (COLCHESTER)0.54%INVESTMENTS1.44%
    ASSOCIATES0.54%GLOBAL1.43%
    CONSTRUCTION0.54%J1.42%
    TRANSPORT0.54%IT1.41%
    PROPERTIES0.54%PROPERTIES1.34%
    GLOBAL0.54%INTERNATIONAL1.34%
    HEALTH0.49%BUILDING1.34%
    BUILDING0.49%M1.30%
    MAINTENANCE0.49%ELECTRICAL1.25%
    TRAINING0.43%SYSTEMS1.24%
    HOLDINGS0.43%S1.23%

SIC Data

  1. Previous 36 months, excluding companies less than 12 months old

    sic codenumber of companiesuk companies
    None Supplied473199,572
    7487 - Other business activities15663,348
    82990 - Other business support service activities not elsewhere classified11527,550
    9999 - Dormant Company8020,144
    99999 - Dormant Company7216,285
    70229 - Management consultancy activities other than financial management6314,505
    7414 - Business & management consultancy4213,474
    62020 - Information technology consultancy activities369,177
    7499 - Non-trading company3412,000
    7260 - Other computer related activities338,089
    96090 - Other service activities not elsewhere classified338,799
    9305 - Other service activities268,858
    62090 - Other information technology service activities256,330
    7222 - Other software consultancy and supply247,298
    74990 - Non-trading company238,243
    93199 - Other sports activities211,403
    74909 - Other professional, scientific and technical activities not elsewhere classified207,088
    4521 - General construction & civil engineering186,598
    43210 - Electrical installation172,980
    41100 - Development of building projects163,765

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    07477423 RIDICULOUSLY EXPENSIVE CARS LIMITED 23 Dec 2010
    07470933 ROCKTAPE UK LIMITED 15 Dec 2010
    07460631 AP TRADING LTD 06 Dec 2010
    07457975 SALVA LIMITED 02 Dec 2010
    07460482 MERITATION MEDIA LIMITED 06 Dec 2010
    07457256 SUPPLY GAUGE LTD 01 Dec 2010
    07477245 ISOLUTIONS (UK) LIMITED 23 Dec 2010
    07475957 COLCHESTER ILLUMINATIONS LIMITED 22 Dec 2010
    07470733 A EDMONDS HOLDINGS LIMITED 15 Dec 2010
    07469489 LEXDEN RESIDENTIAL LIMITED 14 Dec 2010
    07468706 ERANDA LIMITED 14 Dec 2010
    07468529 HARD KNOX TRAINING LIMITED 14 Dec 2010
    07467642 A E C O LIMITED 13 Dec 2010
    07465947 DTL CHATTERIS LIMITED 10 Dec 2010
    07457031 CURATIS CARE LIMITED 01 Dec 2010
    07474911 MARCUS WATKINS DESIGN LTD 21 Dec 2010
    07471243 THE BREEAM TEAM LIMITED 15 Dec 2010
    07466308 LAUREN TAYLOR LTD 10 Dec 2010
    07458897 WOODEN DOORS TRADE LIMITED 02 Dec 2010
    07457479 SPCOM LIMITED 01 Dec 2010
    07455871 GRM IT LIMITED 01 Dec 2010
    07459975 KHTL CONSULTING LIMITED 03 Dec 2010
    07479716 STITCH CREATIONS LIMITED 30 Dec 2010
    07463079 MILLSTONE BUILDERS LTD 07 Dec 2010
    07461016 ALLENS FARM PROPERTIES LTD 06 Dec 2010