Fife

2014 Annual Business Confidence Report

Headlines

  • 2014 was a record year for company registrations in Fife when compared to any year in history.
  • 2014 was a record year for company closures in Fife when compared to any year in history.
  • The second half of 2014 saw a new record in company closures in Fife when compared to any previous second half year.
  • The second half of 2014 was a record second half year for company closures in Fife when compared to any half year in history.

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 (2014)

    2014 was a record year for company registrations in Fife when compared to any year in history.

    A total of 1,386 companies were formed in Fife in 2014. This total is 0.9% higher than in 2013 and compares poorly to the UK figure of a 10.0% growth compared to 529,363 the previous year.

    YearFifeUK
    20141,386582,051
    20131,373529,363
    20121,272491,893
    20111,315452,870
    20101,116400,358
    Record Year2014 (1,386)2014 (582,051)
    New Companies by Year
  2. Half Year Data (Jul-Dec 2014)

    In the second half of 2014 a total of 638 companies were formed in Fife. This figure is 1.4% lower than last year, which compares badly to the UK wide figure of 8.2%.

    The highest total for a second half year in Fife occurred in 2013 when a total of 647 were formed.

    Half Year (Jul-Dec)FifeUK
    2014638281,320
    2013647259,931
    % change-1.4%8.2%
    Record Year2013 (647)2014 (281,320)
    New Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    A total of 320 companies were registered in Fife during the fourth quarter of 2014 (Oct 2014 - Dec 2014).

    This figure is an increase of 2.2% versus the same period last year (Q4 2013). This figure compares badly 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)FifeUK
    2014320137,906
    2013313127,247
    % change2.2%8.4%
    Record Year 2012 (326) 2014 (137,906)
    New Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    New Companies by Month
    OctoberNovemberDecember
    New companies in 201412410789
    New companies in 201313110874
    % change-5.3%-0.9%20.3%
    Record Year2012 (133)2010 (111)2011 (97)

Closed Companies (dissolved)

  1. Annual Data (2014)

    2014 was a record year for company closures in Fife when compared to any year in history.

    A total of 887 companies were dissolved in Fife in 2014. This total is 10.3% higher than in 2013 and compares unfavourably to the UK figure of 10.8% growth compared to the previous year.

    YearFifeUK
    2014887367,937
    2013804332,213
    2012844293,729
    2011726314,524
    2010816342,233
    Record Year2014 (887)2009 (533,789)
    Dissolved Companies by Year
  2. Half Year Data (Jul-Dec 2014)

    The second half of 2014 saw a new record in company closures in Fife when compared to any previous second half year.

    The second half of 2014 was a record second half year for company closures in Fife when compared to any half year in history.

    In the second half of 2014 a total of 448 companies were dissolved in Fife. This figure is 4.4% higher than last year, which compares well to the UK wide change of 7.7%.

    The highest total for a second half year in Fife occurred in 2014 when a total of 448 were closed.

    Half Year (Jul-Dec)FifeUK
    2014448190,730
    2013429177,021
    % change4.4%7.7%
    Record Year2014 (448)2009 (244,544)
    Dissolved Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    A total of 249 companies were dissolved in Fife during the fourth quarter of 2014 (Oct 2014 - Dec 2014).

    This figure is an increase of 34.6% 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)FifeUK
    201424989,060
    201318590,851
    % change34.6%-2.0%
    Record Year 2014 (249) 2013 (90,851)
    Dissolved Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    Dissolved Companies by Month
    OctoberNovemberDecember
    Closed companies in 20141087764
    Closed companies in 2013565673
    % change92.9%37.5%-12%
    Record Year2008 (141)2012 (77)2011 (81)

Net Company Growth

  1. Annual Data (2014)

    A total of 499 companies were added to the company register for Fife in 2014. This number represents growth of 36.0% in the total number of active companies, which compares unfavourably to the UK figure of 36.8%.

    This number is 70 companies lower than the previous year.

    The highest net company growth figure ever seen in one year came in 2011 when the Fife company register grew by 589 companies.

    YearFifeUK
    2014499214,114
    2013569197,150
    2012428198,164
    2011589138,346
    201030058,125
    Record Year2011 (589)2007 (237,353)
    Net Growth by Year
  2. Half Year Data (Jul-Dec 2014)

    In the second half of 2014 the company register for Fife increased by 190 companies.

    Half Year (Jul-Dec)FifeUK
    201419090,590
    201321882,910
    Record Year2003 (281)2003 (117,772)
    Net Growth by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    Net company growth for Fife during the fourth quarter of 2014 (Oct 2014 - Dec 2014) was 71 companies.

    fourth quarter (Oct 2014 - Dec 2014)FifeUK
    20147148,846
    201312836,396
    Record Year 2013 (128) 2012 (49,848)
    Net Growth by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    Net Growth by Month
    OctoberNovemberDecember
    Net growth in 2014163025
    Net growth in 201375521
    Record Year2012 (79)2004 (55)2002 (51)

UK Company Share

  1. Annual Data (2014)

    In 2014 Fife formed 0.2% of all UK companies. This is a decline on 2013 when Fife was responsible for 0.3% of all UK companies.

    YearFife
    20140.2%
    20130.3%
    20120.3%
    20110.3%
    20100.3%
    Record Year (since 1960)2011 (0.3%)
    Company Share by Year
  2. Half Year Data (Jul-Dec 2014)

    In the second half of 2014 Fife formed 0.2% of all UK companies. This is the same as the 2013 figure of 0.2%.

    Half Year (Jul-Dec)Fife
    20140.2%
    20130.2%
    20120.3%
    20110.3%
    20100.3%
    Record Year (since 1960) 1990 (0.3%)
    Company Share by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    In the fourth quarter of 2014, Fife formed 0.2% of all UK companies.

    fourth quarter (Oct 2014 - Dec 2014)Fife
    20140.2%
    20130.2%
    20120.3%
    20110.3%
    20100.3%
    Record Year (since 1960) 2010 (0.3%)
    Company Share by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    Company Share by Month
    OctoberNovemberDecember
    UK formation share in 20140.2%0.2%0.2%
    UK formation share in 20130.3%0.3%0.2%
    % change-10.0%-5.9%2.9%
    Record Year1990 (0.4%)1996 (0.3%)2011 (0.3%)

Director Age

  1. Annual Data (2014)

    The average age of a director in 2014 was 45.3.

    The percentage of directors under the age of 25 was 3.9% compared to the UK figure of 4.0%.

    The percentage of directors over the age of 65 was 4.1% compared to the UK figure of 4.0%.

    Director Age by Year
  2. Half Year Data (Jul-Dec 2014)

    The average age of a director in the second half of 2014 was 44.9.

    The percentage of directors under the age of 25 was 4.2% compared to the UK figure of 3.7%.

    The percentage of directors over the age of 65 was 4.9% compared to the UK figure of 4.5%.

    Director Age by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    The average age of a director in the fourth quarter of 2014 was 44.8.

    The percentage of directors under the age of 25 was 4.1% compared to the UK figure of 3.8%.

    The percentage of directors over the age of 65 was 5.8% compared to the UK figure of 4.5%.

    Director Age by Quarter

Director Gender

  1. Annual Data (2014)

    The record year for female directors in Fife was 1990 when 36.2% of all directors were female.

    The percentage of female directors in Fife in 2014 was 28.9%. The average for the UK during this time was 26.1%

    Director Gender by Year
  2. Half Year Data (Jul-Dec 2014)

    The record second half year for female directors in Fife was 2006 when 32.4% of all directors were female.

    28.1% of all director appointments in Fife 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
  3. Quarterly Data (Q4 Oct-Dec 2014)

    The record fourth quarter for female directors in Fife was in 2006 when 34.4% of all directors were female.

    27.2% of all director appointments in Fife 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

  1. Previous 12 months (Dec 2013-Dec 2014)

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

    wordpercentageuk worduk percentage
    FIFE1.81%CONSULTING5.22%
    CONSULTING1.57%MANAGEMENT4.58%
    LP1.52%CONSULTANCY3.57%
    CONSULTANCY1.32%PROPERTY2.66%
    MANAGEMENT1.27%CONSTRUCTION2.12%
    (SCOTLAND)1.27%ENGINEERING2.10%
    ENGINEERING1.27%CARE2.02%
    (FIFE)1.18%TRADING1.94%
    SCOTLAND0.93%LONDON1.93%
    INSPECTION0.73%TRANSPORT1.93%
    CONSULTANTS0.73%DESIGN1.66%
    ANDREWS0.69%CONSULTANTS1.64%
    BUSINESS0.69%ELECTRICAL1.62%
    DESIGN0.69%PROPERTIES1.62%
    G0.69%BUSINESS1.56%
    TRADING0.69%J1.54%
    R0.69%CO.,1.50%
    J0.69%GLOBAL1.49%
    ST0.64%INVESTMENTS1.48%
    ENERGY0.64%ASSOCIATES1.47%
    S0.59%DEVELOPMENTS1.35%
    GLOBAL0.59%MEDIA1.33%
    ELECTRICAL0.59%IT1.31%
    PROPERTIES0.59%BUILDING1.29%
    M0.54%M1.22%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied845265,608
    82990 - Other business support service activities not elsewhere classified12858,068
    70229 - Management consultancy activities other than financial management11442,290
    74909 - Other professional, scientific and technical activities not elsewhere classified9419,049
    62020 - Information technology consultancy activities7230,178
    99999 - Dormant Company6548,509
    43999 - Other specialised construction activities not elsewhere classified578,761
    96090 - Other service activities not elsewhere classified4629,009
    71129 - Other engineering activities406,132
    74990 - Non-trading company3613,984
    41100 - Development of building projects3011,397
    43210 - Electrical installation275,985
    56103 - Take-away food shops and mobile food stands278,318
    43220 - Plumbing, heat and air-conditioning installation255,189
    56302 - Public houses and bars256,285
    68209 - Other letting and operating of own or leased real estate2411,212
    56101 - Licensed restaurants238,782
    62090 - Other information technology service activities2212,837
    71122 - Engineering related scientific and technical consulting activities223,184
    43320 - Joinery installation202,180

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    SC493990 APOLLO BLINDS (EDINBURGH) LTD 23 Dec 2014
    SC493366 BUCHANAN INVESTMENTS LTD 15 Dec 2014
    SC494066 B RITCHIE ROPE ACCESS LTD 29 Dec 2014
    SC492526 GARD INVESTMENTS LIMITED 02 Dec 2014
    SC492879 BURNTISLAND RETAIL LIMITED 08 Dec 2014
    SC493035 39C LIMITED 09 Dec 2014
    SC493846 MONCRIEFF SECURITY SOLUTIONS LIMITED 22 Dec 2014
    SC492404 EX-SPEC LTD 01 Dec 2014
    SC494150 SANDWELL SN@CKS LTD 30 Dec 2014
    SC494163 SAM INSPECTION LTD 30 Dec 2014
    SC493248 MONKFISH VENTURES LTD 12 Dec 2014
    SC492821 AKJAK OFFSHORE LIMITED 05 Dec 2014
    SC493452 ARES RISK MANAGEMENT LTD 16 Dec 2014
    SC493974 BOGOTA LTD. 23 Dec 2014
    SC494086 HIGH MARKETING & RECRUITMENT COMPANY LTD 29 Dec 2014
    SC494143 JANGULA LTD 30 Dec 2014
    SC494144 JAYET LTD 30 Dec 2014
    SC494145 JETASHREE LTD 30 Dec 2014
    SC492507 INNOVATION SCIENCE & TECHNOLOGY CONSULTING LTD 02 Dec 2014
    SC492925 EFFECTIVE SOCIAL CARE LTD 08 Dec 2014
    SC493427 G HENDERSON ACCOUNTING SERVICES LIMITED 15 Dec 2014
    SC493441 GJW (SIGNALLING) LTD 15 Dec 2014
    SC492940 INTERNATIONAL UNDERWATER CONSULTANTS & ASSOCIATES LTD 08 Dec 2014
    SC493597 DAVTEC LIMITED 17 Dec 2014
    SC494030 AIEN TRAVEL LTD 24 Dec 2014