Lowestoft, Suffolk
2010 Annual Business Confidence Report
Headlines
- November 2010 saw a new record in company registrations in Lowestoft when compared to any previous November.
- November 2010 saw a new record in company closures in Lowestoft when compared to any previous November.
Contents
New Company Registrations
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Annual Data (2010)
A total of 235 companies were formed in Lowestoft in 2010. This total is 3.1% higher than in 2009 and compares poorly to the UK figure of a 10.4% growth compared to 362,675 the previous year.
Year Lowestoft UK 2010 235 400,358 2009 228 362,675 2008 223 349,203 2007 238 457,649 2006 213 405,440 Record Year 2003 (365) 2007 (457,649) New Companies by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 a total of 119 companies were formed in Lowestoft. This figure is 4.4% higher than last year, which compares badly to the UK wide figure of 8.8%.
The highest total for a second half year in Lowestoft occurred in 2003 when a total of 178 were formed.
Half Year (Jul-Dec) Lowestoft UK 2010 119 196,609 2009 114 180,654 % change 4.4% 8.8% Record Year 2003 (178) 2003 (201,446) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
A total of 56 companies were registered in Lowestoft during the fourth quarter of 2010 (Oct 2010 - Dec 2010).
This figure is a difference of 0.0% versus the same period last year (Q4 2009). This figure compares badly to the UK as a whole, which saw an increase of 10.6% against the same period last year.
fourth quarter (Oct 2010 - Dec 2010) Lowestoft UK 2010 56 95,117 2009 56 85,983 % change 0.0% 10.6% Record Year 2003 (82) 2010 (95,117) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
November 2010 saw a new record in company registrations in Lowestoft when compared to any previous November.
New Companies by Month
October November December New companies in 2010 9 30 17 New companies in 2009 18 19 19 % change -50.0% 57.9% -10.5% Record Year 2003 (36) 2010 (30) 2009 (19)
Closed Companies (dissolved)
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Annual Data (2010)
A total of 199 companies were dissolved in Lowestoft in 2010. This total is 11.9% lower than in 2009 and compares favourably to the UK figure of 35.9% decrease compared to the previous year.
Year Lowestoft UK 2010 199 342,232 2009 226 533,773 2008 127 237,901 2007 124 220,295 2006 110 200,166 Record Year 2009 (226) 2009 (533,773) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 a total of 85 companies were dissolved in Lowestoft. This figure is 28.6% lower than last year, which compares badly to the UK wide change of -32.7%.
The highest total for a second half year in Lowestoft occurred in 2009 when a total of 119 were closed.
Half Year (Jul-Dec) Lowestoft UK 2010 85 164,601 2009 119 244,537 % change -28.6% -32.7% Record Year 2009 (119) 2009 (244,537) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
A total of 44 companies were dissolved in Lowestoft during the fourth quarter of 2010 (Oct 2010 - Dec 2010).
This figure is a decrease of 31.3% versus the same period last year (Q4 2009). This figure compares well to the UK as a whole, which saw a decrease of 9.7% against the same period last year.
fourth quarter (Oct 2010 - Dec 2010) Lowestoft UK 2010 44 76,896 2009 64 85,136 % change -31.3% -9.7% Record Year 2009 (64) 2009 (85,136) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
November 2010 saw a new record in company closures in Lowestoft when compared to any previous November.
Dissolved Companies by Month
October November December Closed companies in 2010 19 21 4 Closed companies in 2009 20 20 24 % change -5.0% 5.0% -83% Record Year 2009 (20) 2010 (21) 2009 (24)
Net Company Growth
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Annual Data (2010)
A total of 36 companies were added to the company register for Lowestoft in 2010. This number represents growth of 15.8% in the total number of active companies, which compares unfavourably to the UK figure of 16.0%.
This number is 34 companies higher than the previous year.
The highest net company growth figure ever seen in one year came in 2003 when the Lowestoft company register grew by 244 companies.
Year Lowestoft UK 2010 36 58,126 2009 2 -171,098 2008 96 111,302 2007 114 237,354 2006 103 205,274 Record Year 2003 (244) 2003 (242,543) Net Growth by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 the company register for Lowestoft increased by 34 companies.
Half Year (Jul-Dec) Lowestoft UK 2010 34 32,008 2009 -5 -63,883 Record Year 2003 (122) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
Net company growth for Lowestoft during the fourth quarter of 2010 (Oct 2010 - Dec 2010) was 12 companies.
fourth quarter (Oct 2010 - Dec 2010) Lowestoft UK 2010 12 18,221 2009 -8 847 Record Year 2003 (60) 2003 (57,175) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
Net Growth by Month
October November December Net growth in 2010 -10 9 13 Net growth in 2009 -2 -1 -5 Record Year 2003 (31) 2003 (21) 2010 (13)
UK Company Share
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Annual Data (2010)
In 2010 Lowestoft formed 0.1% of all UK companies. This is no change on 2009 when Lowestoft was responsible for 0.1% of all UK companies.
Year Lowestoft 2010 0.1% 2009 0.1% 2008 0.1% 2007 0.1% 2006 0.1% Record Year (since 1960) 1966 (0.2%) Company Share by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 Lowestoft formed 0.1% of all UK companies. This is the same as the 2009 figure of 0.1%.
Half Year (Jul-Dec) Lowestoft 2010 0.1% 2009 0.1% 2008 0.1% 2007 0.1% 2006 0.1% Record Year (since 1960) 1966 (0.2%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
In the fourth quarter of 2010, Lowestoft formed 0.1% of all UK companies.
fourth quarter (Oct 2010 - Dec 2010) Lowestoft 2010 0.1% 2009 0.1% 2008 0.1% 2007 0.1% 2006 0.1% Record Year (since 1960) 1966 (0.2%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
Company Share by Month
October November December UK formation share in 2010 0.0% 0.1% 0.1% UK formation share in 2009 0.1% 0.1% 0.1% % change -56.1% 41.0% -14.8% Record Year 1964 (0.4%) 1965 (0.4%) 1967 (0.6%)
Director Age
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Annual Data (2010)
The average age of a director in 2010 was 46.9.
The percentage of directors under the age of 25 was 0.8% compared to the UK figure of 2.5%.
The percentage of directors over the age of 65 was 6.4% compared to the UK figure of 4.5%.
Director Age by Year
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Half Year Data (Jul-Dec 2010)
The average age of a director in the second half of 2010 was 46.0.
The percentage of directors under the age of 25 was 1.1% compared to the UK figure of 2.8%.
The percentage of directors over the age of 65 was 4.3% compared to the UK figure of 4.4%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
The average age of a director in the fourth quarter of 2010 was 45.8.
The percentage of directors under the age of 25 was 2.4% compared to the UK figure of 3.0%.
The percentage of directors over the age of 65 was 7.2% compared to the UK figure of 4.4%.
Director Age by Quarter
Director Gender
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Annual Data (2010)
The record year for female directors in Lowestoft was 1857 when 36.4% of all directors were female.
The percentage of female directors in Lowestoft in 2010 was 36.5%. The average for the UK during this time was 26.2%
Director Gender by Year
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Half Year Data (Jul-Dec 2010)
The record second half year for female directors in Lowestoft was 1860 when 42.9% of all directors were female.
29.4% of all director appointments in Lowestoft in the second half of 2010 were female. This compares to a UK average of 25.0% for the same period.
Director Gender by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
The record fourth quarter for female directors in Lowestoft was in 1977 when 31.1% of all directors were female.
31.3% of all director appointments in Lowestoft in the fourth quarter of 2010 were female. This compares to a UK average of 24.7% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Dec 2009-Dec 2010)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage EAST 2.25% CONSULTING 5.06% ENGINEERING 1.58% MANAGEMENT 5.01% ANGLIA 1.58% CONSULTANCY 3.14% CONSULTANTS 1.13% PROPERTY 2.36% CATERING 1.13% TRADING 2.11% ELECTRICAL 1.13% ASSOCIATES 1.95% PLUMBING 0.90% DESIGN 1.92% OFFSHORE 0.90% BUSINESS 1.82% CONSULTANCY 0.90% CONSTRUCTION 1.82% (EAST 0.90% CONSULTANTS 1.76% ANGLIA) 0.90% MEDIA 1.71% FISH 0.90% ENGINEERING 1.62% TRADING 0.68% LONDON 1.60% WAVENEY 0.68% CARE 1.45% HEATING 0.68% INVESTMENTS 1.44% DESIGN 0.68% GLOBAL 1.43% COAST 0.68% J 1.42% BUSINESS 0.68% IT 1.41% DMJS 0.68% PROPERTIES 1.34% CONSTRUCTION 0.68% INTERNATIONAL 1.34% FINANCIAL 0.68% BUILDING 1.34% HEALTHCARE 0.68% M 1.30% BUILDING 0.68% ELECTRICAL 1.25% BUILDERS 0.68% SYSTEMS 1.24% MARINE 0.68% S 1.23%
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 75 199,572 7487 - Other business activities 41 63,348 82990 - Other business support service activities not elsewhere classified 16 27,550 96090 - Other service activities not elsewhere classified 14 8,799 9305 - Other service activities 12 8,858 74909 - Other professional, scientific and technical activities not elsewhere classified 10 7,088 09100 - Support activities for petroleum and natural gas extraction 10 306 9999 - Dormant Company 10 20,144 1120 - Services to oil and gas extraction 9 263 4521 - General construction & civil engineering 9 6,598 99999 - Dormant Company 9 16,285 70229 - Management consultancy activities other than financial management 8 14,505 43210 - Electrical installation 7 2,980 87300 - Residential care activities for the elderly and disabled 6 266 5540 - Bars 5 2,093 68209 - Other letting and operating of own or leased real estate 5 3,755 7260 - Other computer related activities 5 8,089 4531 - Installation electrical wiring etc. 5 2,170 74990 - Non-trading company 4 8,243 5530 - Restaurants 4 4,939
Recent Companies
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Randomly selected companies from this quarter
COMPANY NUMBER COMPANY NAME INCORPORATION DATE 07419636 STORE IT RIGHT (EA) LTD 26 Oct 2010 07416157 A PIECE OF CAKE FOODS LIMITED 22 Oct 2010 07415498 PATCH FABRICS LIMITED 21 Oct 2010 07414208 FNMD LIMITED 20 Oct 2010 07407979 A GROUP (ANGLIA) LIMITED 14 Oct 2010 07401374 EPPOC LTD 08 Oct 2010 07400536 PHILIP MILLINGTON WATER SERVICES LIMITED 07 Oct 2010 07393779 ABRICOM LIMITED 01 Oct 2010 07419262 G-MAX ELECTRICAL LTD 26 Oct 2010
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