Cornwall
2014 Annual Business Confidence Report
Headlines
- 2014 was a record year for company registrations in Cornwall when compared to any year in history.
- The second half of 2014 saw a new record in company registrations in Cornwall when compared to any previous second half year.
- Q4 2014 saw a new record in company registrations in Cornwall when compared to any previous Q4.
- Q4 2014 was a record quarter for company registrations in Cornwall when compared to any quarter in history.
- December 2014 saw a new record in company registrations in Cornwall when compared to any previous December.
- November 2014 saw a new record in company registrations in Cornwall when compared to any previous November.
- October 2014 saw a new record in company registrations in Cornwall when compared to any previous October.
- The second half of 2014 saw a new record in company closures in Cornwall when compared to any previous second half year.
- December 2014 saw a new record in company closures in Cornwall 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 Cornwall when compared to any year in history.
A total of 2,404 companies were formed in Cornwall in 2014. This total is 8.5% higher than in 2013 and compares equally to the UK figure of a 10.0% growth compared to 529,363 the previous year.
Year Cornwall UK 2014 2,404 582,051 2013 2,216 529,363 2012 2,142 491,893 2011 2,070 452,870 2010 1,786 400,358 Record Year 2014 (2,404) 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 Cornwall when compared to any previous second half year.
In the second half of 2014 a total of 1,192 companies were formed in Cornwall. This figure is 14.4% higher than last year, which compares well to the UK wide figure of 8.2%.
The highest total for a second half year in Cornwall occurred in 2014 when a total of 1,192 were formed.
Half Year (Jul-Dec) Cornwall UK 2014 1,192 281,320 2013 1,042 259,931 % change 14.4% 8.2% Record Year 2014 (1,192) 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 Cornwall when compared to any previous Q4.
Q4 2014 was a record quarter for company registrations in Cornwall when compared to any quarter in history.
A total of 639 companies were registered in Cornwall during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is an increase of 22.9% 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) Cornwall UK 2014 639 137,906 2013 520 127,247 % change 22.9% 8.4% Record Year 2014 (639) 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 Cornwall when compared to any previous December.
November 2014 saw a new record in company registrations in Cornwall when compared to any previous November.
October 2014 saw a new record in company registrations in Cornwall when compared to any previous October.
New Companies by Month
October November December New companies in 2014 237 215 187 New companies in 2013 211 163 146 % change 12.3% 31.9% 28.1% Record Year 2014 (237) 2014 (215) 2014 (187)
Closed Companies (dissolved)
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Annual Data (2014)
A total of 1,576 companies were dissolved in Cornwall in 2014. This total is 22.7% higher than in 2013 and compares favourably to the UK figure of 10.8% growth compared to the previous year.
Year Cornwall UK 2014 1,576 367,937 2013 1,284 332,213 2012 1,150 293,729 2011 1,255 314,524 2010 1,259 342,233 Record Year 2009 (1,604) 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 Cornwall when compared to any previous second half year.
In the second half of 2014 a total of 805 companies were dissolved in Cornwall. This figure is 21.2% higher than last year, which compares badly to the UK wide change of 7.7%.
The highest total for a second half year in Cornwall occurred in 2014 when a total of 805 were closed.
Half Year (Jul-Dec) Cornwall UK 2014 805 190,730 2013 664 177,021 % change 21.2% 7.7% Record Year 2014 (805) 2009 (244,544) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
A total of 375 companies were dissolved in Cornwall during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is an increase of 15.4% 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) Cornwall UK 2014 375 89,060 2013 325 90,851 % change 15.4% -2.0% Record Year 2014 (375) 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 Cornwall when compared to any previous December.
Dissolved Companies by Month
October November December Closed companies in 2014 120 108 147 Closed companies in 2013 122 92 111 % change -1.6% 17.4% 32% Record Year 2013 (122) 2011 (128) 2014 (147)
Net Company Growth
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Annual Data (2014)
A total of 828 companies were added to the company register for Cornwall in 2014. This number represents growth of 34.4% in the total number of active companies, which compares unfavourably to the UK figure of 36.8%.
This number is 104 companies lower than the previous year.
The highest net company growth figure ever seen in one year came in 2012 when the Cornwall company register grew by 992 companies.
Year Cornwall UK 2014 828 214,114 2013 932 197,150 2012 992 198,164 2011 815 138,346 2010 527 58,125 Record Year 2012 (992) 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 Cornwall increased by 387 companies.
Half Year (Jul-Dec) Cornwall UK 2014 387 90,590 2013 378 82,910 Record Year 2003 (675) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
Net company growth for Cornwall during the fourth quarter of 2014 (Oct 2014 - Dec 2014) was 264 companies.
fourth quarter (Oct 2014 - Dec 2014) Cornwall UK 2014 264 48,846 2013 195 36,396 Record Year 2012 (272) 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 117 107 40 Net growth in 2013 89 71 35 Record Year 2003 (137) 2002 (110) 2002 (99)
UK Company Share
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Annual Data (2014)
In 2014 Cornwall formed 0.4% of all UK companies. This is no change on 2013 when Cornwall was responsible for 0.4% of all UK companies.
Year Cornwall 2014 0.4% 2013 0.4% 2012 0.4% 2011 0.5% 2010 0.4% Record Year (since 1960) 2003 (0.6%) Company Share by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 Cornwall formed 0.4% of all UK companies. This is the same as the 2013 figure of 0.4%.
Half Year (Jul-Dec) Cornwall 2014 0.4% 2013 0.4% 2012 0.4% 2011 0.4% 2010 0.4% Record Year (since 1960) 2002 (0.6%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
In the fourth quarter of 2014, Cornwall formed 0.5% of all UK companies.
fourth quarter (Oct 2014 - Dec 2014) Cornwall 2014 0.5% 2013 0.4% 2012 0.4% 2011 0.5% 2010 0.4% Record Year (since 1960) 2002 (0.6%) 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 0.5% 0.5% 0.5% UK formation share in 2013 0.4% 0.4% 0.4% % change 6.8% 25.2% 9.6% Record Year 2003 (0.5%) 2002 (0.6%) 2003 (0.6%)
Director Age
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Annual Data (2014)
The average age of a director in 2014 was 46.1.
The percentage of directors under the age of 25 was 6.5% compared to the UK figure of 4.0%.
The percentage of directors over the age of 65 was 3.0% 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 45.8.
The percentage of directors under the age of 25 was 6.6% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 3.2% 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 45.2.
The percentage of directors under the age of 25 was 6.4% compared to the UK figure of 3.8%.
The percentage of directors over the age of 65 was 3.6% 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 Cornwall was 1991 when 37.8% of all directors were female.
The percentage of female directors in Cornwall in 2014 was 31.0%. 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 Cornwall was 2007 when 35.9% of all directors were female.
32.5% of all director appointments in Cornwall 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 Cornwall was in 2007 when 35.3% of all directors were female.
31.1% of all director appointments in Cornwall 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 CORNWALL 2.55% CONSULTING 5.22% MANAGEMENT 2.11% MANAGEMENT 4.58% KERNOW 1.21% CONSULTANCY 3.57% CONSULTANCY 1.09% PROPERTY 2.66% ENGINEERING 1.06% CONSTRUCTION 2.12% CONSTRUCTION 1.03% ENGINEERING 2.10% DESIGN 1.03% CARE 2.02% PROPERTY 0.96% TRADING 1.94% WEST 0.90% LONDON 1.93% DEVELOPMENTS 0.84% TRANSPORT 1.93% (CORNWALL) 0.81% DESIGN 1.66% CIC 0.78% CONSULTANTS 1.64% SUNSAVE 0.75% ELECTRICAL 1.62% BARS 0.75% PROPERTIES 1.62% CORNISH 0.75% BUSINESS 1.56% PARITY 0.71% J 1.54% (SW) 0.71% CO., 1.50% ELECTRICAL 0.68% GLOBAL 1.49% CONSULTING 0.68% INVESTMENTS 1.48% SOUTH 0.68% ASSOCIATES 1.47% ST 0.68% DEVELOPMENTS 1.35% J 0.68% MEDIA 1.33% FARM 0.68% IT 1.31% CARE 0.65% BUILDING 1.29% BUILDING 0.62% 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 890 265,608 99999 - Dormant Company 225 48,509 35110 - Production of electricity 149 2,551 74909 - Other professional, scientific and technical activities not elsewhere classified 129 19,049 70229 - Management consultancy activities other than financial management 113 42,290 82990 - Other business support service activities not elsewhere classified 86 58,068 41100 - Development of building projects 86 11,397 41202 - Construction of domestic buildings 79 7,559 86900 - Other human health activities 68 12,976 96090 - Other service activities not elsewhere classified 63 29,009 56101 - Licensed restaurants 62 8,782 62020 - Information technology consultancy activities 57 30,178 68209 - Other letting and operating of own or leased real estate 55 11,212 74990 - Non-trading company 47 13,984 56302 - Public houses and bars 45 6,285 43999 - Other specialised construction activities not elsewhere classified 45 8,761 43220 - Plumbing, heat and air-conditioning installation 44 5,189 62090 - Other information technology service activities 40 12,837 56103 - Take-away food shops and mobile food stands 39 8,318 47910 - Retail sale via mail order houses or via Internet 38 10,107
Recent Companies
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Randomly selected companies from this quarter
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