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
New Company Registrations
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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) Lowestoft UK 2010 116 203,749 2009 114 182,021 % change 1.8% 11.9% Record Year 2003 (187) 2007 (279,097) New Companies by Half Year
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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) Lowestoft UK 2010 57 98,612 2009 52 90,987 % change 9.6% 8.4% Record Year 2003 (83) 2007 (112,283) New Companies by Quarter
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Monthly Data (Apr, May & Jun 2010)
New Companies by Month
April May June New companies in 2010 18 21 18 New companies in 2009 15 19 18 % change 20.0% 10.5% 0.0% Record Year 2003 (30) 2003 (36) 2002 (25)
Closed Companies (dissolved)
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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) Lowestoft UK 2010 114 177,631 2009 107 289,236 % change 6.5% -38.6% Record Year 2010 (114) 2009 (289,236) Dissolved Companies by Half Year
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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) Lowestoft UK 2010 65 94,954 2009 71 181,176 % change -8.5% -47.6% Record Year 2009 (71) 2009 (181,176) Dissolved Companies by Quarter
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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
April May June Closed companies in 2010 18 26 21 Closed companies in 2009 9 37 25 % change 100.0% -29.7% -16% Record Year 2010 (18) 2009 (37) 2009 (25)
Net Company Growth
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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) Lowestoft UK 2010 2 26,118 2009 7 -107,215 Record Year 2003 (122) 2007 (171,296) Net Growth by Half Year
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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) Lowestoft UK 2010 -8 3,658 2009 -19 -90,189 Record Year 2003 (53) 2003 (69,274) Net Growth by Quarter
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Monthly Data (Apr, May & Jun 2010)
Net Growth by Month
April May June Net growth in 2010 0 -5 -3 Net growth in 2009 6 -18 -7 Record Year 2005 (23) 2003 (26) 2002 (17)
UK Company Share
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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 2010 0.1% 2009 0.1% 2008 0.1% 2007 0.0% 2006 0.1% Record Year (since 1960) 1963 (0.3%) Company Share by Half Year
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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 2010 0.1% 2009 0.1% 2008 0.1% 2007 0.0% 2006 0.0% Record Year (since 1960) 1976 (0.2%) Company Share by Quarter
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Monthly Data (Apr, May & Jun 2010)
Company Share by Month
April May June UK formation share in 2010 0.1% 0.1% 0.1% UK formation share in 2009 0.0% 0.1% 0.1% % change 10.2% 5.3% -10.2% Record Year 1965 (0.4%) 1966 (0.4%) 1963 (0.4%)
Director Age
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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
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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
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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
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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
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Previous 12 months (Jun 2009-Jun 2010)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage DESIGN 1.54% MANAGEMENT 5.01% CONSULTANCY 1.32% CONSULTING 4.79% EAST 1.32% CONSULTANCY 3.02% (EAST 1.10% PROPERTY 2.40% ANGLIA) 1.10% ASSOCIATES 2.02% OFFSHORE 1.10% TRADING 2.01% ENGINEERING 1.10% DESIGN 1.91% PROPERTY 0.88% CONSTRUCTION 1.85% CATERING 0.88% MEDIA 1.80% ELECTRICAL 0.88% BUSINESS 1.75% ANGLIA 0.88% CONSULTANTS 1.71% DEVELOPMENTS 0.88% INTERNATIONAL 1.59% LAND 0.88% ENGINEERING 1.56% PRODUCTIONS 0.88% LONDON 1.52% CONSULTANTS 0.66% INVESTMENTS 1.49% CONSTRUCTION 0.66% J 1.46% R 0.66% CARE 1.41% (LOWESTOFT) 0.66% GLOBAL 1.39% RESTAURANT 0.66% PROPERTIES 1.35% LEISURE 0.66% BUILDING 1.33% FINANCIAL 0.66% M 1.29% DMJS 0.66% IT 1.28% BUILDING 0.66% ELECTRICAL 1.27% PROJECT 0.66% GROUP 1.25% MANAGEMENT 0.66% DEVELOPMENTS 1.25%
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 77 207,125 7487 - Other business activities 41 68,525 9305 - Other service activities 17 8,822 9999 - Dormant Company 14 19,842 96090 - Other service activities not elsewhere classified 14 7,922 82990 - Other business support service activities not elsewhere classified 13 25,942 70229 - Management consultancy activities other than financial management 11 13,490 99999 - Dormant Company 11 14,342 74909 - Other professional, scientific and technical activities not elsewhere classified 10 6,684 1120 - Services to oil and gas extraction 9 310 4521 - General construction & civil engineering 9 8,262 87300 - Residential care activities for the elderly and disabled 9 276 7499 - Non-trading company 8 13,997 09100 - Support activities for petroleum and natural gas extraction 8 290 43210 - Electrical installation 6 2,859 6024 - Freight transport by road 6 2,960 71129 - Other engineering activities 5 1,480 86900 - Other human health activities 5 3,450 7260 - Other computer related activities 4 9,122 4531 - Installation electrical wiring etc. 4 2,504
Recent Companies
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Randomly selected companies from this quarter
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