Lowestoft, Suffolk

2014 Annual Business Confidence Report

Headlines

  • Q4 2014 saw a new record in company registrations in Lowestoft when compared to any previous Q4.
  • December 2014 saw a new record in company registrations in Lowestoft when compared to any previous December.
  • November 2014 saw a new record in company closures in Lowestoft when compared to any previous November.
  • December 2014 saw a new record in net growth in Lowestoft when compared to any previous December.

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 (2014)

    A total of 337 companies were formed in Lowestoft in 2014. This total is 21.7% higher than in 2013 and compares favourably to the UK figure of a 10.0% growth compared to 529,363 the previous year.

    YearLowestoftUK
    2014337582,051
    2013277529,363
    2012287491,893
    2011267452,870
    2010235400,358
    Record Year2014 (337)2014 (582,051)
    New Companies by Year
  2. Half Year Data (Jul-Dec 2014)

    In the second half of 2014 a total of 172 companies were formed in Lowestoft. This figure is 32.3% higher than last year, which compares well to the UK wide figure of 8.2%.

    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
    2014172281,320
    2013130259,931
    % change32.3%8.2%
    Record Year2003 (178)2014 (281,320)
    New Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    Q4 2014 saw a new record in company registrations in Lowestoft when compared to any previous Q4.

    A total of 94 companies were registered in Lowestoft during the fourth quarter of 2014 (Oct 2014 - Dec 2014).

    This figure is an increase of 74.1% versus the same period last year (Q4 2013). This figure compares well to the UK as a whole, which saw an increase of 8.4% against the same period last year.

    fourth quarter (Oct 2014 - Dec 2014)LowestoftUK
    201494137,906
    201354127,247
    % change74.1%8.4%
    Record Year 2014 (94) 2014 (137,906)
    New Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

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

    New Companies by Month
    OctoberNovemberDecember
    New companies in 2014281848
    New companies in 2013241416
    % change16.7%28.6%200.0%
    Record Year2003 (36)2010 (30)2014 (48)

Closed Companies (dissolved)

  1. Annual Data (2014)

    A total of 195 companies were dissolved in Lowestoft in 2014. This total is 12.9% lower than in 2013 and compares unfavourably to the UK figure of 10.8% growth compared to the previous year.

    YearLowestoftUK
    2014195367,937
    2013224332,213
    2012171293,729
    2011173314,524
    2010199342,233
    Record Year2009 (226)2009 (533,789)
    Dissolved Companies by Year
  2. Half Year Data (Jul-Dec 2014)

    In the second half of 2014 a total of 94 companies were dissolved in Lowestoft. This figure is 16.1% lower than last year, which compares well to the UK wide change of 7.7%.

    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
    201494190,730
    2013112177,021
    % change-16.1%7.7%
    Record Year2009 (119)2009 (244,544)
    Dissolved Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    A total of 54 companies were dissolved in Lowestoft during the fourth quarter of 2014 (Oct 2014 - Dec 2014).

    This figure is an increase of 3.8% versus the same period last year (Q4 2013). This figure compares poorly to the UK as a whole, which saw a decrease of 2.0% against the same period last year.

    fourth quarter (Oct 2014 - Dec 2014)LowestoftUK
    20145489,060
    20135290,851
    % change3.8%-2.0%
    Record Year 2009 (64) 2013 (90,851)
    Dissolved Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    November 2014 saw a new record in company closures in Lowestoft when compared to any previous November.

    Dissolved Companies by Month
    OctoberNovemberDecember
    Closed companies in 2014112815
    Closed companies in 2013201913
    % change-45.0%47.4%15%
    Record Year2013 (20)2014 (28)2009 (24)

Net Company Growth

  1. Annual Data (2014)

    A total of 142 companies were added to the company register for Lowestoft in 2014. This number represents growth of 42.1% in the total number of active companies, which compares favourably to the UK figure of 36.8%.

    This number is 89 companies higher than the previous year.

    The highest net company growth figure ever seen in one year came in 2014 when the Lowestoft company register grew by 142 companies.

    YearLowestoftUK
    2014142214,114
    201353197,150
    2012116198,164
    201194138,346
    20103658,125
    Record Year2014 (142)2007 (237,353)
    Net Growth by Year
  2. Half Year Data (Jul-Dec 2014)

    In the second half of 2014 the company register for Lowestoft increased by 78 companies.

    Half Year (Jul-Dec)LowestoftUK
    20147890,590
    20131882,910
    Record Year2003 (122)2003 (117,772)
    Net Growth by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    Net company growth for Lowestoft during the fourth quarter of 2014 (Oct 2014 - Dec 2014) was 40 companies.

    fourth quarter (Oct 2014 - Dec 2014)LowestoftUK
    20144048,846
    2013236,396
    Record Year 2014 (40) 2012 (49,848)
    Net Growth by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    December 2014 saw a new record in net growth in Lowestoft when compared to any previous December.

    Net Growth by Month
    OctoberNovemberDecember
    Net growth in 201417-1033
    Net growth in 20134-53
    Record Year2003 (31)2012 (21)2014 (33)

UK Company Share

  1. Annual Data (2014)

    In 2014 Lowestoft formed 0.1% of all UK companies. This is no change on 2013 when Lowestoft was responsible for 0.1% of all UK companies.

    YearLowestoft
    20140.1%
    20130.1%
    20120.1%
    20110.1%
    20100.1%
    Record Year (since 1960)2003 (0.1%)
    Company Share by Year
  2. Half Year Data (Jul-Dec 2014)

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

    Half Year (Jul-Dec)Lowestoft
    20140.1%
    20130.1%
    20120.1%
    20110.1%
    20100.1%
    Record Year (since 1960) 1990 (0.1%)
    Company Share by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

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

    fourth quarter (Oct 2014 - Dec 2014)Lowestoft
    20140.1%
    20130.0%
    20120.1%
    20110.1%
    20100.1%
    Record Year (since 1960) 1990 (0.1%)
    Company Share by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    Company Share by Month
    OctoberNovemberDecember
    UK formation share in 20140.1%0.0%0.1%
    UK formation share in 20130.0%0.0%0.0%
    % change11.0%21.8%156.6%
    Record Year2003 (0.1%)1990 (0.1%)1992 (0.2%)

Director Age

  1. Annual Data (2014)

    The average age of a director in 2014 was 43.5.

    The percentage of directors under the age of 25 was 4.0% compared to the UK figure of 4.0%.

    The percentage of directors over the age of 65 was 5.7% compared to the UK figure of 4.0%.

    Director Age by Year
  2. Half Year Data (Jul-Dec 2014)

    The average age of a director in the second half of 2014 was 43.0.

    The percentage of directors under the age of 25 was 3.6% compared to the UK figure of 3.7%.

    The percentage of directors over the age of 65 was 7.7% compared to the UK figure of 4.5%.

    Director Age by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    The average age of a director in the fourth quarter of 2014 was 45.5.

    The percentage of directors under the age of 25 was 4.5% compared to the UK figure of 3.8%.

    The percentage of directors over the age of 65 was 1.9% compared to the UK figure of 4.5%.

    Director Age by Quarter

Director Gender

  1. Annual Data (2014)

    The record year for female directors in Lowestoft was 1983 when 100.0% of all directors were female.

    The percentage of female directors in Lowestoft in 2014 was 26.3%. The average for the UK during this time was 26.1%

    Director Gender by Year
  2. Half Year Data (Jul-Dec 2014)

    The record second half year for female directors in Lowestoft was 2007 when 43.2% of all directors were female.

    26.6% of all director appointments in Lowestoft in the second half of 2014 were female. This compares to a UK average of 26.1% for the same period.

    Director Gender by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    The record fourth quarter for female directors in Lowestoft was in 2007 when 44.2% of all directors were female.

    24.3% of all director appointments in Lowestoft in the fourth quarter of 2014 were female. This compares to a UK average of 25.8% for the same period.

    Director Gender by Quarter

Naming Trends

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

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

    wordpercentageuk worduk percentage
    ELECTRICAL1.33%CONSULTING5.22%
    ENGINEERING1.33%MANAGEMENT4.58%
    EAST1.17%CONSULTANCY3.57%
    LOWESTOFT1.00%PROPERTY2.66%
    ANGLIA)0.83%CONSTRUCTION2.12%
    (EAST0.83%ENGINEERING2.10%
    K0.83%CARE2.02%
    CONSULTANTS0.83%TRADING1.94%
    S0.83%LONDON1.93%
    CATERING0.67%TRANSPORT1.93%
    M0.67%DESIGN1.66%
    CONSULTING0.67%CONSULTANTS1.64%
    D0.67%ELECTRICAL1.62%
    MARINE0.67%PROPERTIES1.62%
    ENERGY0.67%BUSINESS1.56%
    PROCESS0.67%J1.54%
    CLEANING0.67%CO.,1.50%
    HEATING0.67%GLOBAL1.49%
    LIQUID0.67%INVESTMENTS1.48%
    110.67%ASSOCIATES1.47%
    HOME0.67%DEVELOPMENTS1.35%
    OIL0.50%MEDIA1.33%
    GAS0.50%IT1.31%
    R0.50%BUILDING1.29%
    STREET0.50%M1.22%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied102265,608
    09100 - Support activities for petroleum and natural gas extraction381,077
    96090 - Other service activities not elsewhere classified3329,009
    99999 - Dormant Company2448,509
    74909 - Other professional, scientific and technical activities not elsewhere classified2219,049
    70229 - Management consultancy activities other than financial management1942,290
    82990 - Other business support service activities not elsewhere classified1858,068
    71129 - Other engineering activities176,132
    43999 - Other specialised construction activities not elsewhere classified148,761
    43210 - Electrical installation115,985
    43220 - Plumbing, heat and air-conditioning installation85,189
    43390 - Other building completion and finishing85,931
    56302 - Public houses and bars86,285
    68209 - Other letting and operating of own or leased real estate811,212
    74100 - specialised design activities74,841
    64999 - Financial intermediation not elsewhere classified76,083
    47990 - Other retail sale not in stores, stalls or markets66,452
    74990 - Non-trading company513,984
    98000 - Residents property management55,255
    46190 - Agents involved in the sale of a variety of goods51,391

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    09294979 G ADAMS INSPECTION SERVICES LIMITED 04 Nov 2014
    09302206 SPENTEC SERVICES LIMITED 10 Nov 2014
    09304900 TDP2014 LTD 11 Nov 2014
    09309738 TOY TOWN LIMITED 13 Nov 2014
    09310226 WINGBEAT BIRDS OF PREY LIMITED 13 Nov 2014
    09311508 WINGBEAT BIRD CONTROL SERVICES LTD 14 Nov 2014
    09317976 HITECH GRAND PRIX LIMITED 19 Nov 2014
    09324461 62-76 ST. PETERS STREET LOWESTOFT MANAGEMENT COMPANY LIMITED 24 Nov 2014
    09325122 JPH ENGINEERING LIMITED 24 Nov 2014
    09326051 TOMMOCO LIMITED 25 Nov 2014
    09292039 WEBSTER-ALLEN & SMITH ESTATE AGENTS LIMITED 03 Nov 2014
    09296217 CHINA HEALTH UK LIMITED 05 Nov 2014
    09297339 K & N SOLUTIONS LIMITED 05 Nov 2014
    09298965 ENDEAVOUR MOTORS LIMITED 06 Nov 2014
    09310772 J C H ROOFING & FACADES LIMITED 14 Nov 2014
    09321316 LOWESTOFT COMMUNITY RADIO LIMITED 20 Nov 2014
    09330539 GEOMETRON DESIGN CONSULTANTS LIMITED 27 Nov 2014
    09331128 BUYAPARCEL LIMITED 27 Nov 2014

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