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

  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 (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.

    YearLowestoftUK
    2010235400,358
    2009228362,675
    2008223349,203
    2007238457,649
    2006213405,440
    Record Year2003 (365)2007 (457,649)
    New Companies by Year
  2. 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)LowestoftUK
    2010119196,609
    2009114180,654
    % change4.4%8.8%
    Record Year2003 (178)2003 (201,446)
    New Companies by Half Year
  3. 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)LowestoftUK
    20105695,117
    20095685,983
    % change0.0%10.6%
    Record Year 2003 (82) 2010 (95,117)
    New Companies by Quarter
  4. 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
    OctoberNovemberDecember
    New companies in 201093017
    New companies in 2009181919
    % change-50.0%57.9%-10.5%
    Record Year2003 (36)2010 (30)2009 (19)

Closed Companies (dissolved)

  1. 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.

    YearLowestoftUK
    2010199342,232
    2009226533,773
    2008127237,901
    2007124220,295
    2006110200,166
    Record Year2009 (226)2009 (533,773)
    Dissolved Companies by Year
  2. 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)LowestoftUK
    201085164,601
    2009119244,537
    % change-28.6%-32.7%
    Record Year2009 (119)2009 (244,537)
    Dissolved Companies by Half Year
  3. 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)LowestoftUK
    20104476,896
    20096485,136
    % change-31.3%-9.7%
    Record Year 2009 (64) 2009 (85,136)
    Dissolved Companies by Quarter
  4. 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
    OctoberNovemberDecember
    Closed companies in 201019214
    Closed companies in 2009202024
    % change-5.0%5.0%-83%
    Record Year2009 (20)2010 (21)2009 (24)

Net Company Growth

  1. 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.

    YearLowestoftUK
    20103658,126
    20092-171,098
    200896111,302
    2007114237,354
    2006103205,274
    Record Year2003 (244)2003 (242,543)
    Net Growth by Year
  2. 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)LowestoftUK
    20103432,008
    2009-5-63,883
    Record Year2003 (122)2003 (117,772)
    Net Growth by Half Year
  3. 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)LowestoftUK
    20101218,221
    2009-8847
    Record Year 2003 (60) 2003 (57,175)
    Net Growth by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    Net Growth by Month
    OctoberNovemberDecember
    Net growth in 2010-10913
    Net growth in 2009-2-1-5
    Record Year2003 (31)2003 (21)2010 (13)

UK Company Share

  1. 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.

    YearLowestoft
    20100.1%
    20090.1%
    20080.1%
    20070.1%
    20060.1%
    Record Year (since 1960)1966 (0.2%)
    Company Share by Year
  2. 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
    20100.1%
    20090.1%
    20080.1%
    20070.1%
    20060.1%
    Record Year (since 1960) 1966 (0.2%)
    Company Share by Half Year
  3. 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
    20100.1%
    20090.1%
    20080.1%
    20070.1%
    20060.1%
    Record Year (since 1960) 1966 (0.2%)
    Company Share by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    Company Share by Month
    OctoberNovemberDecember
    UK formation share in 20100.0%0.1%0.1%
    UK formation share in 20090.1%0.1%0.1%
    % change-56.1%41.0%-14.8%
    Record Year1964 (0.4%)1965 (0.4%)1967 (0.6%)

Director Age

  1. 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
  2. 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
  3. 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

  1. 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
  2. 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
  3. 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

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

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

    wordpercentageuk worduk percentage
    EAST2.25%CONSULTING5.06%
    ENGINEERING1.58%MANAGEMENT5.01%
    ANGLIA1.58%CONSULTANCY3.14%
    CONSULTANTS1.13%PROPERTY2.36%
    CATERING1.13%TRADING2.11%
    ELECTRICAL1.13%ASSOCIATES1.95%
    PLUMBING0.90%DESIGN1.92%
    OFFSHORE0.90%BUSINESS1.82%
    CONSULTANCY0.90%CONSTRUCTION1.82%
    (EAST0.90%CONSULTANTS1.76%
    ANGLIA)0.90%MEDIA1.71%
    FISH0.90%ENGINEERING1.62%
    TRADING0.68%LONDON1.60%
    WAVENEY0.68%CARE1.45%
    HEATING0.68%INVESTMENTS1.44%
    DESIGN0.68%GLOBAL1.43%
    COAST0.68%J1.42%
    BUSINESS0.68%IT1.41%
    DMJS0.68%PROPERTIES1.34%
    CONSTRUCTION0.68%INTERNATIONAL1.34%
    FINANCIAL0.68%BUILDING1.34%
    HEALTHCARE0.68%M1.30%
    BUILDING0.68%ELECTRICAL1.25%
    BUILDERS0.68%SYSTEMS1.24%
    MARINE0.68%S1.23%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied75199,572
    7487 - Other business activities4163,348
    82990 - Other business support service activities not elsewhere classified1627,550
    96090 - Other service activities not elsewhere classified148,799
    9305 - Other service activities128,858
    74909 - Other professional, scientific and technical activities not elsewhere classified107,088
    09100 - Support activities for petroleum and natural gas extraction10306
    9999 - Dormant Company1020,144
    1120 - Services to oil and gas extraction9263
    4521 - General construction & civil engineering96,598
    99999 - Dormant Company916,285
    70229 - Management consultancy activities other than financial management814,505
    43210 - Electrical installation72,980
    87300 - Residential care activities for the elderly and disabled6266
    5540 - Bars52,093
    68209 - Other letting and operating of own or leased real estate53,755
    7260 - Other computer related activities58,089
    4531 - Installation electrical wiring etc.52,170
    74990 - Non-trading company48,243
    5530 - Restaurants44,939

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION 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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