Colchester, Essex
2014 Annual Business Confidence Report
Headlines
- 2014 was a record year for company registrations in Colchester when compared to any year in history.
- The second half of 2014 saw a new record in company registrations in Colchester when compared to any previous second half year.
- Q4 2014 saw a new record in company registrations in Colchester when compared to any previous Q4.
- December 2014 saw a new record in company registrations in Colchester when compared to any previous December.
- November 2014 saw a new record in company registrations in Colchester when compared to any previous November.
- October 2014 saw a new record in company registrations in Colchester when compared to any previous October.
- The second half of 2014 saw a new record in company closures in Colchester when compared to any previous second half year.
- December 2014 saw a new record in company closures in Colchester when compared to any previous December.
Contents
New Company Registrations
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Annual Data (2014)
2014 was a record year for company registrations in Colchester when compared to any year in history.
A total of 1,620 companies were formed in Colchester in 2014. This total is 16.5% higher than in 2013 and compares favourably to the UK figure of a 10.0% growth compared to 529,363 the previous year.
Year Colchester UK 2014 1,620 582,051 2013 1,391 529,363 2012 1,390 491,893 2011 1,300 452,870 2010 1,199 400,358 Record Year 2014 (1,620) 2014 (582,051) New Companies by Year
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Half Year Data (Jul-Dec 2014)
The second half of 2014 saw a new record in company registrations in Colchester when compared to any previous second half year.
In the second half of 2014 a total of 764 companies were formed in Colchester. This figure is 23.6% higher than last year, which compares well to the UK wide figure of 8.2%.
The highest total for a second half year in Colchester occurred in 2014 when a total of 764 were formed.
Half Year (Jul-Dec) Colchester UK 2014 764 281,320 2013 618 259,931 % change 23.6% 8.2% Record Year 2014 (764) 2014 (281,320) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
Q4 2014 saw a new record in company registrations in Colchester when compared to any previous Q4.
A total of 365 companies were registered in Colchester during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is an increase of 21.7% versus the same period last year (Q4 2013). This figure compares well to the UK as a whole, which saw an increase of 8.4% against the same period last year.
fourth quarter (Oct 2014 - Dec 2014) Colchester UK 2014 365 137,906 2013 300 127,247 % change 21.7% 8.4% Record Year 2014 (365) 2014 (137,906) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
December 2014 saw a new record in company registrations in Colchester when compared to any previous December.
November 2014 saw a new record in company registrations in Colchester when compared to any previous November.
October 2014 saw a new record in company registrations in Colchester when compared to any previous October.
New Companies by Month
October November December New companies in 2014 145 116 104 New companies in 2013 111 95 94 % change 30.6% 22.1% 10.6% Record Year 2014 (145) 2014 (116) 2014 (104)
Closed Companies (dissolved)
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Annual Data (2014)
A total of 1,013 companies were dissolved in Colchester in 2014. This total is 8.3% higher than in 2013 and compares unfavourably to the UK figure of 10.8% growth compared to the previous year.
Year Colchester UK 2014 1,013 367,937 2013 935 332,213 2012 911 293,729 2011 813 314,524 2010 871 342,233 Record Year 2009 (1,185) 2009 (533,789) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2014)
The second half of 2014 saw a new record in company closures in Colchester when compared to any previous second half year.
In the second half of 2014 a total of 518 companies were dissolved in Colchester. This figure is 13.3% higher than last year, which compares badly to the UK wide change of 7.7%.
The highest total for a second half year in Colchester occurred in 2014 when a total of 518 were closed.
Half Year (Jul-Dec) Colchester UK 2014 518 190,730 2013 457 177,021 % change 13.3% 7.7% Record Year 2014 (518) 2009 (244,544) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
A total of 252 companies were dissolved in Colchester during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is a decrease of 1.6% versus the same period last year (Q4 2013). This figure compares poorly to the UK as a whole, which saw a decrease of 2.0% against the same period last year.
fourth quarter (Oct 2014 - Dec 2014) Colchester UK 2014 252 89,060 2013 256 90,851 % change -1.6% -2.0% Record Year 2013 (256) 2013 (90,851) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
December 2014 saw a new record in company closures in Colchester when compared to any previous December.
Dissolved Companies by Month
October November December Closed companies in 2014 66 86 100 Closed companies in 2013 95 86 75 % change -30.5% 0.0% 33% Record Year 2012 (101) 2012 (87) 2014 (100)
Net Company Growth
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Annual Data (2014)
A total of 607 companies were added to the company register for Colchester in 2014. This number represents growth of 37.5% in the total number of active companies, which compares favourably to the UK figure of 36.8%.
This number is 151 companies higher than the previous year.
The highest net company growth figure ever seen in one year came in 2014 when the Colchester company register grew by 607 companies.
Year Colchester UK 2014 607 214,114 2013 456 197,150 2012 479 198,164 2011 487 138,346 2010 328 58,125 Record Year 2014 (607) 2007 (237,353) Net Growth by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 the company register for Colchester increased by 246 companies.
Half Year (Jul-Dec) Colchester UK 2014 246 90,590 2013 161 82,910 Record Year 2003 (410) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
Net company growth for Colchester during the fourth quarter of 2014 (Oct 2014 - Dec 2014) was 113 companies.
fourth quarter (Oct 2014 - Dec 2014) Colchester UK 2014 113 48,846 2013 44 36,396 Record Year 2006 (131) 2012 (49,848) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Net Growth by Month
October November December Net growth in 2014 79 30 4 Net growth in 2013 16 9 19 Record Year 2003 (100) 2003 (56) 2007 (59)
UK Company Share
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Annual Data (2014)
In 2014 Colchester formed 0.3% of all UK companies. This is no change on 2013 when Colchester was responsible for 0.3% of all UK companies.
Year Colchester 2014 0.3% 2013 0.3% 2012 0.3% 2011 0.3% 2010 0.3% Record Year (since 1960) 1997 (0.4%) Company Share by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 Colchester formed 0.3% of all UK companies. This is more than the 2013 figure of 0.2%.
Half Year (Jul-Dec) Colchester 2014 0.3% 2013 0.2% 2012 0.3% 2011 0.3% 2010 0.3% Record Year (since 1960) 2002 (0.4%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
In the fourth quarter of 2014, Colchester formed 0.3% of all UK companies.
fourth quarter (Oct 2014 - Dec 2014) Colchester 2014 0.3% 2013 0.2% 2012 0.2% 2011 0.3% 2010 0.3% Record Year (since 1960) 1987 (0.4%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Company Share by Month
October November December UK formation share in 2014 0.3% 0.3% 0.3% UK formation share in 2013 0.2% 0.2% 0.3% % change 24.3% 15.9% -5.3% Record Year 1987 (0.5%) 1999 (0.4%) 1987 (0.5%)
Director Age
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Annual Data (2014)
The average age of a director in 2014 was 43.9.
The percentage of directors under the age of 25 was 4.3% compared to the UK figure of 4.0%.
The percentage of directors over the age of 65 was 4.7% compared to the UK figure of 4.0%.
Director Age by Year
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Half Year Data (Jul-Dec 2014)
The average age of a director in the second half of 2014 was 43.8.
The percentage of directors under the age of 25 was 4.5% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 5.8% compared to the UK figure of 4.5%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
The average age of a director in the fourth quarter of 2014 was 44.2.
The percentage of directors under the age of 25 was 4.0% compared to the UK figure of 3.8%.
The percentage of directors over the age of 65 was 5.6% compared to the UK figure of 4.5%.
Director Age by Quarter
Director Gender
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Annual Data (2014)
The record year for female directors in Colchester was 1981 when 100.0% of all directors were female.
The percentage of female directors in Colchester in 2014 was 29.2%. The average for the UK during this time was 26.1%
Director Gender by Year
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Half Year Data (Jul-Dec 2014)
The record second half year for female directors in Colchester was 2012 when 31.9% of all directors were female.
28.3% of all director appointments in Colchester in the second half of 2014 were female. This compares to a UK average of 26.1% for the same period.
Director Gender by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
The record fourth quarter for female directors in Colchester was in 2013 when 32.8% of all directors were female.
29.0% of all director appointments in Colchester in the fourth quarter of 2014 were female. This compares to a UK average of 25.8% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Dec 2013-Dec 2014)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage CONSULTING 1.91% CONSULTING 5.22% MANAGEMENT 1.62% MANAGEMENT 4.58% CONSULTANCY 1.37% CONSULTANCY 3.57% COLCHESTER 1.04% PROPERTY 2.66% PROPERTY 1.04% CONSTRUCTION 2.12% CARE 0.79% ENGINEERING 2.10% ESSEX 0.75% CARE 2.02% BUSINESS 0.67% TRADING 1.94% DESIGN 0.67% LONDON 1.93% HOUSE 0.67% TRANSPORT 1.93% R 0.62% DESIGN 1.66% J 0.62% CONSULTANTS 1.64% ENERGY 0.62% ELECTRICAL 1.62% INVESTMENTS 0.62% PROPERTIES 1.62% CONSTRUCTION 0.58% BUSINESS 1.56% CONSULTANTS 0.58% J 1.54% IT 0.58% CO., 1.50% ASSOCIATES 0.54% GLOBAL 1.49% ENGINEERING 0.54% INVESTMENTS 1.48% C 0.50% ASSOCIATES 1.47% HEATING 0.50% DEVELOPMENTS 1.35% MEDIA 0.46% MEDIA 1.33% TRAINING 0.46% IT 1.31% S 0.42% BUILDING 1.29% HOMES 0.42% M 1.22%
SIC Data
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Previous 36 months, excluding companies less than 12 months old
sic code number of companies uk companies None Supplied 531 265,608 82990 - Other business support service activities not elsewhere classified 167 58,068 99999 - Dormant Company 140 48,509 70229 - Management consultancy activities other than financial management 127 42,290 62020 - Information technology consultancy activities 90 30,178 93199 - Other sports activities 70 4,176 96090 - Other service activities not elsewhere classified 51 29,009 41100 - Development of building projects 46 11,397 74909 - Other professional, scientific and technical activities not elsewhere classified 40 19,049 43999 - Other specialised construction activities not elsewhere classified 38 8,761 86900 - Other human health activities 35 12,976 62090 - Other information technology service activities 32 12,837 56101 - Licensed restaurants 29 8,782 43220 - Plumbing, heat and air-conditioning installation 28 5,189 98000 - Residents property management 27 5,255 47910 - Retail sale via mail order houses or via Internet 27 10,107 45200 - Maintenance and repair of motor vehicles 27 5,425 35110 - Production of electricity 25 2,551 47990 - Other retail sale not in stores, stalls or markets 24 6,452 85590 - Other education not elsewhere classified 23 6,206
Recent Companies
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Randomly selected companies from this quarter
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