Lowestoft, Suffolk

2010 Half Year Business Confidence Report

Headlines

  • The first half of 2010 saw a new record in company closures in Lowestoft when compared to any previous first half year.
  • April 2010 saw a new record in company closures in Lowestoft when compared to any previous April.

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. Half Year Data (Jan-Jun 2010)

    In the first half of 2010 a total of 116 companies were formed in Lowestoft. This figure is 1.8% higher than last year, which compares badly to the UK wide figure of 11.9%.

    The highest total for a first half year in Lowestoft occurred in 2003 when a total of 187 were formed.

    Half Year (Jan-Jun)LowestoftUK
    2010116203,749
    2009114182,021
    % change1.8%11.9%
    Record Year2003 (187)2007 (279,097)
    New Companies by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2010)

    A total of 57 companies were registered in Lowestoft during the second quarter of 2010 (Apr 2010 - Jun 2010).

    This figure is an increase of 9.6% versus the same period last year (Q2 2009). This figure compares equally to the UK as a whole, which saw an increase of 8.4% against the same period last year.

    second quarter (Apr 2010 - Jun 2010)LowestoftUK
    20105798,612
    20095290,987
    % change9.6%8.4%
    Record Year 2003 (83) 2007 (112,283)
    New Companies by Quarter
  3. Monthly Data (Apr, May & Jun 2010)

    New Companies by Month
    AprilMayJune
    New companies in 2010182118
    New companies in 2009151918
    % change20.0%10.5%0.0%
    Record Year2003 (30)2003 (36)2002 (25)

Closed Companies (dissolved)

  1. Half Year Data (Jan-Jun 2010)

    The first half of 2010 saw a new record in company closures in Lowestoft when compared to any previous first half year.

    In the first half of 2010 a total of 114 companies were dissolved in Lowestoft. This figure is 6.5% higher than last year, which compares badly to the UK wide change of -38.6%.

    The highest total for a first half year in Lowestoft occurred in 2010 when a total of 114 were closed.

    Half Year (Jan-Jun)LowestoftUK
    2010114177,631
    2009107289,236
    % change6.5%-38.6%
    Record Year2010 (114)2009 (289,236)
    Dissolved Companies by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2010)

    A total of 65 companies were dissolved in Lowestoft during the second quarter of 2010 (Apr 2010 - Jun 2010).

    This figure is a decrease of 8.5% versus the same period last year (Q2 2009). This figure compares poorly to the UK as a whole, which saw a decrease of 47.6% against the same period last year.

    second quarter (Apr 2010 - Jun 2010)LowestoftUK
    20106594,954
    200971181,176
    % change-8.5%-47.6%
    Record Year 2009 (71) 2009 (181,176)
    Dissolved Companies by Quarter
  3. Monthly Data (Apr, May & Jun 2010)

    April 2010 saw a new record in company closures in Lowestoft when compared to any previous April.

    Dissolved Companies by Month
    AprilMayJune
    Closed companies in 2010182621
    Closed companies in 200993725
    % change100.0%-29.7%-16%
    Record Year2010 (18)2009 (37)2009 (25)

Net Company Growth

  1. Half Year Data (Jan-Jun 2010)

    In the first half of 2010 the company register for Lowestoft increased by 2 companies.

    Half Year (Jan-Jun)LowestoftUK
    2010226,118
    20097-107,215
    Record Year2003 (122)2007 (171,296)
    Net Growth by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2010)

    Net company growth for Lowestoft during the second quarter of 2010 (Apr 2010 - Jun 2010) was -8 companies.

    second quarter (Apr 2010 - Jun 2010)LowestoftUK
    2010-83,658
    2009-19-90,189
    Record Year 2003 (53) 2003 (69,274)
    Net Growth by Quarter
  3. Monthly Data (Apr, May & Jun 2010)

    Net Growth by Month
    AprilMayJune
    Net growth in 20100-5-3
    Net growth in 20096-18-7
    Record Year2005 (23)2003 (26)2002 (17)

UK Company Share

  1. Half Year Data (Jan-Jun 2010)

    In the first half of 2010 Lowestoft formed 0.1% of all UK companies. This is the same as the 2009 figure of 0.1%.

    Half Year (Jan-Jun)Lowestoft
    20100.1%
    20090.1%
    20080.1%
    20070.0%
    20060.1%
    Record Year (since 1960) 1963 (0.3%)
    Company Share by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2010)

    In the second quarter of 2010, Lowestoft formed 0.1% of all UK companies.

    second quarter (Apr 2010 - Jun 2010)Lowestoft
    20100.1%
    20090.1%
    20080.1%
    20070.0%
    20060.0%
    Record Year (since 1960) 1976 (0.2%)
    Company Share by Quarter
  3. Monthly Data (Apr, May & Jun 2010)

    Company Share by Month
    AprilMayJune
    UK formation share in 20100.1%0.1%0.1%
    UK formation share in 20090.0%0.1%0.1%
    % change10.2%5.3%-10.2%
    Record Year1965 (0.4%)1966 (0.4%)1963 (0.4%)

Director Age

  1. Half Year Data (Jan-Jun 2010)

    The average age of a director in the first half of 2010 was 47.7.

    The percentage of directors under the age of 25 was 0.5% compared to the UK figure of 2.1%.

    The percentage of directors over the age of 65 was 8.4% compared to the UK figure of 4.7%.

    Director Age by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2010)

    The average age of a director in the second quarter of 2010 was 49.7.

    The percentage of directors under the age of 25 was 0.0% compared to the UK figure of 2.3%.

    The percentage of directors over the age of 65 was 8.0% compared to the UK figure of 4.4%.

    Director Age by Quarter

Director Gender

  1. Half Year Data (Jan-Jun 2010)

    The record first half year for female directors in Lowestoft was 1861 when 40.0% of all directors were female.

    31.9% of all director appointments in Lowestoft in the first half of 2010 were female. This compares to a UK average of 24.9% for the same period.

    Director Gender by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2010)

    The record second quarter for female directors in Lowestoft was in 1866 when 66.7% of all directors were female.

    27.0% of all director appointments in Lowestoft in the second quarter of 2010 were female. This compares to a UK average of 25.1% for the same period.

    Director Gender by Quarter

Naming Trends

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

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

    wordpercentageuk worduk percentage
    DESIGN1.54%MANAGEMENT5.01%
    CONSULTANCY1.32%CONSULTING4.79%
    EAST1.32%CONSULTANCY3.02%
    (EAST1.10%PROPERTY2.40%
    ANGLIA)1.10%ASSOCIATES2.02%
    OFFSHORE1.10%TRADING2.01%
    ENGINEERING1.10%DESIGN1.91%
    PROPERTY0.88%CONSTRUCTION1.85%
    CATERING0.88%MEDIA1.80%
    ELECTRICAL0.88%BUSINESS1.75%
    ANGLIA0.88%CONSULTANTS1.71%
    DEVELOPMENTS0.88%INTERNATIONAL1.59%
    LAND0.88%ENGINEERING1.56%
    PRODUCTIONS0.88%LONDON1.52%
    CONSULTANTS0.66%INVESTMENTS1.49%
    CONSTRUCTION0.66%J1.46%
    R0.66%CARE1.41%
    (LOWESTOFT)0.66%GLOBAL1.39%
    RESTAURANT0.66%PROPERTIES1.35%
    LEISURE0.66%BUILDING1.33%
    FINANCIAL0.66%M1.29%
    DMJS0.66%IT1.28%
    BUILDING0.66%ELECTRICAL1.27%
    PROJECT0.66%GROUP1.25%
    MANAGEMENT0.66%DEVELOPMENTS1.25%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied77207,125
    7487 - Other business activities4168,525
    9305 - Other service activities178,822
    9999 - Dormant Company1419,842
    96090 - Other service activities not elsewhere classified147,922
    82990 - Other business support service activities not elsewhere classified1325,942
    70229 - Management consultancy activities other than financial management1113,490
    99999 - Dormant Company1114,342
    74909 - Other professional, scientific and technical activities not elsewhere classified106,684
    1120 - Services to oil and gas extraction9310
    4521 - General construction & civil engineering98,262
    87300 - Residential care activities for the elderly and disabled9276
    7499 - Non-trading company813,997
    09100 - Support activities for petroleum and natural gas extraction8290
    43210 - Electrical installation62,859
    6024 - Freight transport by road62,960
    71129 - Other engineering activities51,480
    86900 - Other human health activities53,450
    7260 - Other computer related activities49,122
    4531 - Installation electrical wiring etc.42,504

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    07240410 ECOSOLUTIONS4BUSINESS LTD 30 Apr 2010
    07239024 EAST COAST CHARTERS LIMITED 29 Apr 2010
    07235038 TRACTOR BARN PRODUCTIONS LIMITED 26 Apr 2010
    07234654 NEWBELL LIMITED 26 Apr 2010
    07227743 P2 TRAINING LIMITED 19 Apr 2010
    07227299 BELOUD LIMITED 19 Apr 2010
    07224505 SEA & LAND POWER AND ENERGY LIMITED 15 Apr 2010
    07224363 RENEMATCO LIMITED 15 Apr 2010
    07222960 RENTIT4LESS LIMITED 14 Apr 2010
    07220900 MATH OFFSHORE CRANE LIMITED 13 Apr 2010
    07217995 ADW CONTRACTORS LIMITED 09 Apr 2010
    07215754 ZEFIER UK I LIMITED 07 Apr 2010
    07214936 OLDE TIME LIMITED 07 Apr 2010
    07240135 N C SHERMAN LIMITED 30 Apr 2010
    07229702 ENGINEERED SOLUTIONS (UK SUFFOLK) LIMITED 21 Apr 2010
    07216828 OFFSHOREDIVER LIMITED 08 Apr 2010
    07216546 SEAVERT CONSULTANCY LIMITED 08 Apr 2010
    07214208 1STPHOTO(SPORTS) LIMITED 07 Apr 2010

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