Lowestoft, Suffolk

2014 Half Year Business Confidence Report

Headlines

  • June 2014 saw a new record in company registrations in Lowestoft when compared to any previous June.

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 2014)

    In the first half of 2014 a total of 165 companies were formed in Lowestoft. This figure is 12.2% higher than last year, which compares well to the UK wide figure of 11.6%.

    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
    2014165300,731
    2013147269,432
    % change12.2%11.6%
    Record Year2003 (187)2014 (300,731)
    New Companies by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    A total of 79 companies were registered in Lowestoft during the second quarter of 2014 (Apr 2014 - Jun 2014).

    This figure is an increase of 1.3% versus the same period last year (Q2 2013). This figure compares badly to the UK as a whole, which saw an increase of 11.4% against the same period last year.

    second quarter (Apr 2014 - Jun 2014)LowestoftUK
    201479150,009
    201378134,630
    % change1.3%11.4%
    Record Year 2014 (79) 2014 (150,009)
    New Companies by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    June 2014 saw a new record in company registrations in Lowestoft when compared to any previous June.

    New Companies by Month
    AprilMayJune
    New companies in 2014262330
    New companies in 2013312819
    % change-16.1%-17.9%57.9%
    Record Year2013 (31)2003 (36)2014 (30)

Closed Companies (dissolved)

  1. Half Year Data (Jan-Jun 2014)

    In the first half of 2014 a total of 101 companies were dissolved in Lowestoft. This figure is 9.8% lower than last year, which compares well to the UK wide change of 14.2%.

    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
    2014101177,207
    2013112155,192
    % change-9.8%14.2%
    Record Year2010 (114)2009 (289,245)
    Dissolved Companies by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    A total of 57 companies were dissolved in Lowestoft during the second quarter of 2014 (Apr 2014 - Jun 2014).

    This figure is an increase of 14.0% versus the same period last year (Q2 2013). This figure compares well to the UK as a whole, which saw an increase of 22.7% against the same period last year.

    second quarter (Apr 2014 - Jun 2014)LowestoftUK
    20145794,837
    20135077,278
    % change14.0%22.7%
    Record Year 2009 (71) 2009 (181,179)
    Dissolved Companies by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    Dissolved Companies by Month
    AprilMayJune
    Closed companies in 2014112917
    Closed companies in 2013102020
    % change10.0%45.0%-15%
    Record Year2010 (18)2009 (37)2009 (25)

Net Company Growth

  1. Half Year Data (Jan-Jun 2014)

    In the first half of 2014 the company register for Lowestoft increased by 64 companies.

    Half Year (Jan-Jun)LowestoftUK
    201464123,524
    201335114,240
    Record Year2003 (122)2007 (171,296)
    Net Growth by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    Net company growth for Lowestoft during the second quarter of 2014 (Apr 2014 - Jun 2014) was 22 companies.

    second quarter (Apr 2014 - Jun 2014)LowestoftUK
    20142255,172
    20132857,352
    Record Year 2011 (35) 2007 (60,014)
    Net Growth by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    Net Growth by Month
    AprilMayJune
    Net growth in 201415-613
    Net growth in 2013218-1
    Record Year2005 (23)2003 (26)2002 (17)

UK Company Share

  1. Half Year Data (Jan-Jun 2014)

    In the first half of 2014 Lowestoft formed 0.1% of all UK companies. This is the same as the 2013 figure of 0.1%.

    Half Year (Jan-Jun)Lowestoft
    20140.1%
    20130.1%
    20120.1%
    20110.1%
    20100.1%
    Record Year (since 1960) 2003 (0.1%)
    Company Share by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    In the second quarter of 2014, Lowestoft formed 0.1% of all UK companies.

    second quarter (Apr 2014 - Jun 2014)Lowestoft
    20140.1%
    20130.1%
    20120.1%
    20110.1%
    20100.1%
    Record Year (since 1960) 1992 (0.1%)
    Company Share by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    Company Share by Month
    AprilMayJune
    UK formation share in 20140.0%0.0%0.1%
    UK formation share in 20130.1%0.1%0.0%
    % change-24.4%-24.2%36.8%
    Record Year1999 (0.1%)2003 (0.1%)1992 (0.2%)

Director Age

  1. Half Year Data (Jan-Jun 2014)

    The average age of a director in the first half of 2014 was 44.0.

    The percentage of directors under the age of 25 was 4.5% compared to the UK figure of 4.3%.

    The percentage of directors over the age of 65 was 3.4% compared to the UK figure of 3.5%.

    Director Age by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    The average age of a director in the second quarter of 2014 was 43.1.

    The percentage of directors under the age of 25 was 3.1% compared to the UK figure of 3.9%.

    The percentage of directors over the age of 65 was 3.7% compared to the UK figure of 3.6%.

    Director Age by Quarter

Director Gender

  1. Half Year Data (Jan-Jun 2014)

    The record first half year for female directors in Lowestoft was 2006 when 40.1% of all directors were female.

    26.1% of all director appointments in Lowestoft in the first half of 2014 were female. This compares to a UK average of 26.1% for the same period.

    Director Gender by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    The record second quarter for female directors in Lowestoft was in 2006 when 43.5% of all directors were female.

    29.8% of all director appointments in Lowestoft in the second quarter of 2014 were female. This compares to a UK average of 25.9% for the same period.

    Director Gender by Quarter

Naming Trends

  1. Previous 12 months (Jun 2013-Jun 2014)

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

    wordpercentageuk worduk percentage
    EAST1.85%CONSULTING5.16%
    ELECTRICAL1.48%MANAGEMENT4.64%
    ENGINEERING1.29%CONSULTANCY3.50%
    MARINE1.29%PROPERTY2.66%
    ENERGY0.92%TRADING2.03%
    CONSULTANTS0.92%ENGINEERING1.99%
    CATERING0.92%CONSTRUCTION1.93%
    COAST0.92%LONDON1.93%
    PROPERTIES0.92%CARE1.85%
    D0.92%DESIGN1.75%
    S0.74%CONSULTANTS1.73%
    LIQUID0.74%BUSINESS1.69%
    CONSULTANCY0.74%PROPERTIES1.63%
    HEATING0.74%TRANSPORT1.58%
    TRAINING0.74%GLOBAL1.55%
    ACCESS0.74%INVESTMENTS1.55%
    110.74%J1.51%
    LOWESTOFT0.74%ASSOCIATES1.48%
    R0.74%MEDIA1.44%
    ANGLIA0.74%ELECTRICAL1.40%
    I0.74%IT1.33%
    TECHNICAL0.55%DEVELOPMENTS1.33%
    CONSULTING0.55%BUILDING1.26%
    CONSTRUCTION0.55%M1.24%
    SUBSEA0.55%CO.,1.20%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied107261,557
    09100 - Support activities for petroleum and natural gas extraction341,017
    99999 - Dormant Company2548,436
    96090 - Other service activities not elsewhere classified2528,352
    74909 - Other professional, scientific and technical activities not elsewhere classified2219,058
    71129 - Other engineering activities175,787
    70229 - Management consultancy activities other than financial management1640,250
    82990 - Other business support service activities not elsewhere classified1457,421
    43210 - Electrical installation136,050
    43999 - Other specialised construction activities not elsewhere classified128,533
    43220 - Plumbing, heat and air-conditioning installation115,075
    64999 - Financial intermediation not elsewhere classified105,836
    47990 - Other retail sale not in stores, stalls or markets96,286
    43390 - Other building completion and finishing85,855
    68209 - Other letting and operating of own or leased real estate810,133
    56302 - Public houses and bars76,099
    74990 - Non-trading company614,351
    47910 - Retail sale via mail order houses or via Internet69,900
    46190 - Agents involved in the sale of a variety of goods61,504
    98000 - Residents property management65,046

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    09020563 ECOLIGHTING ELECTRICAL LIMITED 01 May 2014
    09021234 JKB OFFSHORE PERSONNEL LTD 01 May 2014
    09022678 YOURTURNAROUND LIMITED 02 May 2014
    09026502 DIO PRODUCTION SERVICES LIMITED 06 May 2014
    09028888 TAYLOR JAMES 0476 LIMITED 07 May 2014
    09029449 EXMOOR MARINE LIMITED 08 May 2014
    09034370 FOGG MACKAY MCHARRY LIMITED 12 May 2014
    09034741 MONIKA- RGN SERVICES LIMITED 12 May 2014
    09047609 SHEPHERD INDUSTRIAL ROPE ACCESS LTD 20 May 2014
    09050021 DK RAIL MAINTENANCE LTD 21 May 2014
    09052591 GLD TECHNICAL SERVICES LIMITED 22 May 2014
    09053711 ELEX SOLUTIONS LIMITED 23 May 2014
    09054424 KIDS ZONE 1234 LIMITED 23 May 2014
    09058594 EAST POINT PENSION SOLUTIONS LIMITED 27 May 2014
    09061938 ENGINEERING AND CONSTRUCTION CONSULTANTS LIMITED 29 May 2014
    09021627 HESTIA HOME HEATING LTD 01 May 2014
    09025239 JWJ ENG. LTD 06 May 2014
    09029562 EAST COAST INTERIORS (EAST ANGLIA) LIMITED 08 May 2014
    09030513 EIM OILFIELD SERVICES LTD 08 May 2014
    09031492 YOUR NIGHT CLUB LIMITED 09 May 2014
    09032297 WOW FOOD AND DRINKS LTD 09 May 2014
    09034134 EASEY TRAINING SOLUTIONS LTD 12 May 2014
    09046392 ATLANTIC WORLDMASTER LTD 19 May 2014

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