Norfolk

2014 Annual Business Confidence Report

Headlines

  • 2014 was a record year for company registrations in Norfolk when compared to any year in history.
  • The second half of 2014 saw a new record in company registrations in Norfolk when compared to any previous second half year.
  • Q4 2014 saw a new record in company registrations in Norfolk when compared to any previous Q4.
  • December 2014 saw a new record in company registrations in Norfolk when compared to any previous December.
  • November 2014 saw a new record in company registrations in Norfolk when compared to any previous November.
  • October 2014 saw a new record in company registrations in Norfolk when compared to any previous October.
  • December 2014 saw a new record in company closures in Norfolk when compared to any previous December.
  • November 2014 saw a new record in net growth in Norfolk 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 (2014)

    2014 was a record year for company registrations in Norfolk when compared to any year in history.

    A total of 4,065 companies were formed in Norfolk in 2014. This total is 11.2% higher than in 2013 and compares equally to the UK figure of a 10.0% growth compared to 529,363 the previous year.

    YearNorfolkUK
    20144,065582,051
    20133,657529,363
    20123,490491,893
    20113,310452,870
    20102,815400,358
    Record Year2014 (4,065)2014 (582,051)
    New Companies by Year
  2. Half Year Data (Jul-Dec 2014)

    The second half of 2014 saw a new record in company registrations in Norfolk when compared to any previous second half year.

    In the second half of 2014 a total of 1,934 companies were formed in Norfolk. This figure is 9.0% higher than last year, which compares well to the UK wide figure of 8.2%.

    The highest total for a second half year in Norfolk occurred in 2014 when a total of 1,934 were formed.

    Half Year (Jul-Dec)NorfolkUK
    20141,934281,320
    20131,774259,931
    % change9.0%8.2%
    Record Year2014 (1,934)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 Norfolk when compared to any previous Q4.

    A total of 968 companies were registered in Norfolk during the fourth quarter of 2014 (Oct 2014 - Dec 2014).

    This figure is an increase of 15.2% 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)NorfolkUK
    2014968137,906
    2013840127,247
    % change15.2%8.4%
    Record Year 2014 (968) 2014 (137,906)
    New Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

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

    November 2014 saw a new record in company registrations in Norfolk when compared to any previous November.

    October 2014 saw a new record in company registrations in Norfolk when compared to any previous October.

    New Companies by Month
    OctoberNovemberDecember
    New companies in 2014347357264
    New companies in 2013328273239
    % change5.8%30.8%10.5%
    Record Year2014 (347)2014 (357)2014 (264)

Closed Companies (dissolved)

  1. Annual Data (2014)

    A total of 2,472 companies were dissolved in Norfolk in 2014. This total is 4.8% higher than in 2013 and compares unfavourably to the UK figure of 10.8% growth compared to the previous year.

    YearNorfolkUK
    20142,472367,937
    20132,359332,213
    20121,954293,729
    20112,070314,524
    20102,331342,233
    Record Year2009 (2,913)2009 (533,789)
    Dissolved Companies by Year
  2. Half Year Data (Jul-Dec 2014)

    In the second half of 2014 a total of 1,306 companies were dissolved in Norfolk. This figure is 12.2% higher than last year, which compares badly to the UK wide change of 7.7%.

    The highest total for a second half year in Norfolk occurred in 2009 when a total of 1,386 were closed.

    Half Year (Jul-Dec)NorfolkUK
    20141,306190,730
    20131,164177,021
    % change12.2%7.7%
    Record Year2009 (1,386)2009 (244,544)
    Dissolved Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    A total of 597 companies were dissolved in Norfolk during the fourth quarter of 2014 (Oct 2014 - Dec 2014).

    This figure is a decrease of 2.8% versus the same period last year (Q4 2013). This figure compares well 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)NorfolkUK
    201459789,060
    201361490,851
    % change-2.8%-2.0%
    Record Year 2009 (628) 2013 (90,851)
    Dissolved Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    December 2014 saw a new record in company closures in Norfolk when compared to any previous December.

    Dissolved Companies by Month
    OctoberNovemberDecember
    Closed companies in 2014178189230
    Closed companies in 2013267195152
    % change-33.3%-3.1%51%
    Record Year2013 (267)2010 (223)2014 (230)

Net Company Growth

  1. Annual Data (2014)

    A total of 1,593 companies were added to the company register for Norfolk in 2014. This number represents growth of 39.2% in the total number of active companies, which compares favourably to the UK figure of 36.8%.

    This number is 295 companies higher than the previous year.

    The highest net company growth figure ever seen in one year came in 2007 when the Norfolk company register grew by 1,643 companies.

    YearNorfolkUK
    20141,593214,114
    20131,298197,150
    20121,536198,164
    20111,240138,346
    201048458,125
    Record Year2007 (1,643)2007 (237,353)
    Net Growth by Year
  2. Half Year Data (Jul-Dec 2014)

    In the second half of 2014 the company register for Norfolk increased by 628 companies.

    Half Year (Jul-Dec)NorfolkUK
    201462890,590
    201361082,910
    Record Year2003 (1,031)2003 (117,772)
    Net Growth by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    Net company growth for Norfolk during the fourth quarter of 2014 (Oct 2014 - Dec 2014) was 371 companies.

    fourth quarter (Oct 2014 - Dec 2014)NorfolkUK
    201437148,846
    201322636,396
    Record Year 2014 (371) 2012 (49,848)
    Net Growth by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    November 2014 saw a new record in net growth in Norfolk when compared to any previous November.

    Net Growth by Month
    OctoberNovemberDecember
    Net growth in 201416916834
    Net growth in 2013617887
    Record Year2003 (252)2014 (168)2002 (138)

UK Company Share

  1. Annual Data (2014)

    In 2014 Norfolk formed 0.7% of all UK companies. This is no change on 2013 when Norfolk was responsible for 0.7% of all UK companies.

    YearNorfolk
    20140.7%
    20130.7%
    20120.7%
    20110.7%
    20100.7%
    Record Year (since 1960)2002 (0.9%)
    Company Share by Year
  2. Half Year Data (Jul-Dec 2014)

    In the second half of 2014 Norfolk formed 0.7% of all UK companies. This is the same as the 2013 figure of 0.7%.

    Half Year (Jul-Dec)Norfolk
    20140.7%
    20130.7%
    20120.7%
    20110.7%
    20100.7%
    Record Year (since 1960) 2002 (0.9%)
    Company Share by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    In the fourth quarter of 2014, Norfolk formed 0.7% of all UK companies.

    fourth quarter (Oct 2014 - Dec 2014)Norfolk
    20140.7%
    20130.7%
    20120.7%
    20110.7%
    20100.7%
    Record Year (since 1960) 2002 (0.9%)
    Company Share by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    Company Share by Month
    OctoberNovemberDecember
    UK formation share in 20140.7%0.8%0.7%
    UK formation share in 20130.7%0.6%0.7%
    % change0.6%24.2%-5.5%
    Record Year1990 (0.9%)2002 (0.9%)2002 (0.9%)

Director Age

  1. Annual Data (2014)

    The average age of a director in 2014 was 45.1.

    The percentage of directors under the age of 25 was 5.8% compared to the UK figure of 4.0%.

    The percentage of directors over the age of 65 was 3.6% 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 45.0.

    The percentage of directors under the age of 25 was 5.6% compared to the UK figure of 3.7%.

    The percentage of directors over the age of 65 was 3.8% 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 45.4.

    The percentage of directors under the age of 25 was 5.7% compared to the UK figure of 3.8%.

    The percentage of directors over the age of 65 was 2.8% 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 Norfolk was 2003 when 36.1% of all directors were female.

    The percentage of female directors in Norfolk in 2014 was 30.2%. 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 Norfolk was 2007 when 32.7% of all directors were female.

    31.1% of all director appointments in Norfolk 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 Norfolk was in 2005 when 35.7% of all directors were female.

    33.0% of all director appointments in Norfolk 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
    NORFOLK1.55%CONSULTING5.22%
    CONSULTANCY1.47%MANAGEMENT4.58%
    MANAGEMENT1.43%CONSULTANCY3.57%
    CONSULTING1.37%PROPERTY2.66%
    ENGINEERING1.07%CONSTRUCTION2.12%
    J1.03%ENGINEERING2.10%
    NORWICH0.91%CARE2.02%
    PROPERTY0.91%TRADING1.94%
    CARE0.89%LONDON1.93%
    ELECTRICAL0.85%TRANSPORT1.93%
    DEVELOPMENTS0.81%DESIGN1.66%
    CONSTRUCTION0.69%CONSULTANTS1.64%
    EAST0.67%ELECTRICAL1.62%
    (NORFOLK)0.65%PROPERTIES1.62%
    HOUSE0.63%BUSINESS1.56%
    PROPERTIES0.61%J1.54%
    MEDIA0.60%CO.,1.50%
    S0.60%GLOBAL1.49%
    DESIGN0.60%INVESTMENTS1.48%
    ANGLIA0.60%ASSOCIATES1.47%
    D0.58%DEVELOPMENTS1.35%
    HEALTHCARE0.56%MEDIA1.33%
    ASSOCIATES0.56%IT1.31%
    BUILDING0.56%BUILDING1.29%
    CONSULTANTS0.54%M1.22%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied1,345265,608
    99999 - Dormant Company34148,509
    82990 - Other business support service activities not elsewhere classified29558,068
    70229 - Management consultancy activities other than financial management28542,290
    62020 - Information technology consultancy activities18430,178
    74909 - Other professional, scientific and technical activities not elsewhere classified16319,049
    96090 - Other service activities not elsewhere classified16229,009
    41100 - Development of building projects11011,397
    86900 - Other human health activities10312,976
    68209 - Other letting and operating of own or leased real estate10311,212
    41202 - Construction of domestic buildings917,559
    43999 - Other specialised construction activities not elsewhere classified858,761
    71129 - Other engineering activities846,132
    74990 - Non-trading company8213,984
    45200 - Maintenance and repair of motor vehicles805,425
    62090 - Other information technology service activities8012,837
    43210 - Electrical installation785,985
    47910 - Retail sale via mail order houses or via Internet7110,107
    56302 - Public houses and bars696,285
    96020 - Hairdressing and other beauty treatment646,742

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    09279569 MAURICE AND MAUDE LTD 24 Oct 2014
    09264220 ONE CLICK THERAPIES LIMITED 15 Oct 2014
    09274875 BEDROCK LEARNING LTD 22 Oct 2014
    09257772 PORTUGUESE OFFER LTD 10 Oct 2014
    09271961 COMTEK HOLDINGS (UK) LIMITED 20 Oct 2014
    09273150 MICHELLE WORKS LIMITED 21 Oct 2014
    09273526 HEAT DYNAMICS LIMITED 21 Oct 2014
    09287442 CATER EASY LIMITED 30 Oct 2014
    09289361 BASE 1 KARS LIMITED 31 Oct 2014
    09249039 JAKABE LTD 06 Oct 2014
    09245521 WHITEBRIDGE FARM LIMITED 02 Oct 2014
    09242983 DS TANDY LTD 01 Oct 2014
    09256271 THE FIX AGENTS LTD 09 Oct 2014
    09259765 GREEN ENTERPRISES (NORFOLK) LTD 13 Oct 2014
    09278750 NORFOLK FARM SHOP LIMITED 24 Oct 2014
    09281154 BRANKSOME HOMES (NORFOLK) LTD 27 Oct 2014
    09250477 SALTIRE HOUSE LIMITED 06 Oct 2014
    09255397 PROWESS FUTURE LTD 08 Oct 2014
    09267429 MARTAVIA ENGINEERING LTD 16 Oct 2014
    09284638 THINK TROPHY LTD. 28 Oct 2014
    09246930 APOPHENIA LIMITED 02 Oct 2014
    09248511 FAIRWAYS RECRUITMENT AND HEALTHCARE AGENCY LIMITED 03 Oct 2014
    09256571 MONOLITH CREATIVE LIMITED 09 Oct 2014
    09257509 GOL CONSULTANCY LTD. 09 Oct 2014
    09269585 BESTONE NORWICH LIMITED 17 Oct 2014