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
New Company Registrations
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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.
Year Fife UK 2014 1,386 582,051 2013 1,373 529,363 2012 1,272 491,893 2011 1,315 452,870 2010 1,116 400,358 Record Year 2014 (1,386) 2014 (582,051) New Companies by Year
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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) Fife UK 2014 638 281,320 2013 647 259,931 % change -1.4% 8.2% Record Year 2013 (647) 2014 (281,320) New Companies by Half Year
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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) Fife UK 2014 320 137,906 2013 313 127,247 % change 2.2% 8.4% Record Year 2012 (326) 2014 (137,906) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
New Companies by Month
October November December New companies in 2014 124 107 89 New companies in 2013 131 108 74 % change -5.3% -0.9% 20.3% Record Year 2012 (133) 2010 (111) 2011 (97)
Closed Companies (dissolved)
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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.
Year Fife UK 2014 887 367,937 2013 804 332,213 2012 844 293,729 2011 726 314,524 2010 816 342,233 Record Year 2014 (887) 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 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) Fife UK 2014 448 190,730 2013 429 177,021 % change 4.4% 7.7% Record Year 2014 (448) 2009 (244,544) Dissolved Companies by Half Year
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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) Fife UK 2014 249 89,060 2013 185 90,851 % change 34.6% -2.0% Record Year 2014 (249) 2013 (90,851) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Dissolved Companies by Month
October November December Closed companies in 2014 108 77 64 Closed companies in 2013 56 56 73 % change 92.9% 37.5% -12% Record Year 2008 (141) 2012 (77) 2011 (81)
Net Company Growth
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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.
Year Fife UK 2014 499 214,114 2013 569 197,150 2012 428 198,164 2011 589 138,346 2010 300 58,125 Record Year 2011 (589) 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 Fife increased by 190 companies.
Half Year (Jul-Dec) Fife UK 2014 190 90,590 2013 218 82,910 Record Year 2003 (281) 2003 (117,772) Net Growth by Half Year
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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) Fife UK 2014 71 48,846 2013 128 36,396 Record Year 2013 (128) 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 16 30 25 Net growth in 2013 75 52 1 Record Year 2012 (79) 2004 (55) 2002 (51)
UK Company Share
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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.
Year Fife 2014 0.2% 2013 0.3% 2012 0.3% 2011 0.3% 2010 0.3% Record Year (since 1960) 2011 (0.3%) Company Share by Year
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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 2014 0.2% 2013 0.2% 2012 0.3% 2011 0.3% 2010 0.3% Record Year (since 1960) 1990 (0.3%) Company Share by Half Year
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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 2014 0.2% 2013 0.2% 2012 0.3% 2011 0.3% 2010 0.3% Record Year (since 1960) 2010 (0.3%) 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 0.2% 0.2% 0.2% UK formation share in 2013 0.3% 0.3% 0.2% % change -10.0% -5.9% 2.9% Record Year 1990 (0.4%) 1996 (0.3%) 2011 (0.3%)
Director Age
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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
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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
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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
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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
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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
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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
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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 FIFE 1.81% CONSULTING 5.22% CONSULTING 1.57% MANAGEMENT 4.58% LP 1.52% CONSULTANCY 3.57% CONSULTANCY 1.32% PROPERTY 2.66% MANAGEMENT 1.27% CONSTRUCTION 2.12% (SCOTLAND) 1.27% ENGINEERING 2.10% ENGINEERING 1.27% CARE 2.02% (FIFE) 1.18% TRADING 1.94% SCOTLAND 0.93% LONDON 1.93% INSPECTION 0.73% TRANSPORT 1.93% CONSULTANTS 0.73% DESIGN 1.66% ANDREWS 0.69% CONSULTANTS 1.64% BUSINESS 0.69% ELECTRICAL 1.62% DESIGN 0.69% PROPERTIES 1.62% G 0.69% BUSINESS 1.56% TRADING 0.69% J 1.54% R 0.69% CO., 1.50% J 0.69% GLOBAL 1.49% ST 0.64% INVESTMENTS 1.48% ENERGY 0.64% ASSOCIATES 1.47% S 0.59% DEVELOPMENTS 1.35% GLOBAL 0.59% MEDIA 1.33% ELECTRICAL 0.59% IT 1.31% PROPERTIES 0.59% BUILDING 1.29% M 0.54% 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 845 265,608 82990 - Other business support service activities not elsewhere classified 128 58,068 70229 - Management consultancy activities other than financial management 114 42,290 74909 - Other professional, scientific and technical activities not elsewhere classified 94 19,049 62020 - Information technology consultancy activities 72 30,178 99999 - Dormant Company 65 48,509 43999 - Other specialised construction activities not elsewhere classified 57 8,761 96090 - Other service activities not elsewhere classified 46 29,009 71129 - Other engineering activities 40 6,132 74990 - Non-trading company 36 13,984 41100 - Development of building projects 30 11,397 43210 - Electrical installation 27 5,985 56103 - Take-away food shops and mobile food stands 27 8,318 43220 - Plumbing, heat and air-conditioning installation 25 5,189 56302 - Public houses and bars 25 6,285 68209 - Other letting and operating of own or leased real estate 24 11,212 56101 - Licensed restaurants 23 8,782 62090 - Other information technology service activities 22 12,837 71122 - Engineering related scientific and technical consulting activities 22 3,184 43320 - Joinery installation 20 2,180
Recent Companies
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Randomly selected companies from this quarter
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