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
New Company Registrations
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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.
Year Norfolk UK 2014 4,065 582,051 2013 3,657 529,363 2012 3,490 491,893 2011 3,310 452,870 2010 2,815 400,358 Record Year 2014 (4,065) 2014 (582,051) New Companies by Year
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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) Norfolk UK 2014 1,934 281,320 2013 1,774 259,931 % change 9.0% 8.2% Record Year 2014 (1,934) 2014 (281,320) New Companies by Half Year
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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) Norfolk UK 2014 968 137,906 2013 840 127,247 % change 15.2% 8.4% Record Year 2014 (968) 2014 (137,906) New Companies by Quarter
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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
October November December New companies in 2014 347 357 264 New companies in 2013 328 273 239 % change 5.8% 30.8% 10.5% Record Year 2014 (347) 2014 (357) 2014 (264)
Closed Companies (dissolved)
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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.
Year Norfolk UK 2014 2,472 367,937 2013 2,359 332,213 2012 1,954 293,729 2011 2,070 314,524 2010 2,331 342,233 Record Year 2009 (2,913) 2009 (533,789) Dissolved Companies by Year
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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) Norfolk UK 2014 1,306 190,730 2013 1,164 177,021 % change 12.2% 7.7% Record Year 2009 (1,386) 2009 (244,544) Dissolved Companies by Half Year
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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) Norfolk UK 2014 597 89,060 2013 614 90,851 % change -2.8% -2.0% Record Year 2009 (628) 2013 (90,851) Dissolved Companies by Quarter
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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
October November December Closed companies in 2014 178 189 230 Closed companies in 2013 267 195 152 % change -33.3% -3.1% 51% Record Year 2013 (267) 2010 (223) 2014 (230)
Net Company Growth
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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.
Year Norfolk UK 2014 1,593 214,114 2013 1,298 197,150 2012 1,536 198,164 2011 1,240 138,346 2010 484 58,125 Record Year 2007 (1,643) 2007 (237,353) Net Growth by Year
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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) Norfolk UK 2014 628 90,590 2013 610 82,910 Record Year 2003 (1,031) 2003 (117,772) Net Growth by Half Year
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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) Norfolk UK 2014 371 48,846 2013 226 36,396 Record Year 2014 (371) 2012 (49,848) Net Growth by Quarter
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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
October November December Net growth in 2014 169 168 34 Net growth in 2013 61 78 87 Record Year 2003 (252) 2014 (168) 2002 (138)
UK Company Share
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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.
Year Norfolk 2014 0.7% 2013 0.7% 2012 0.7% 2011 0.7% 2010 0.7% Record Year (since 1960) 2002 (0.9%) Company Share by Year
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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 2014 0.7% 2013 0.7% 2012 0.7% 2011 0.7% 2010 0.7% Record Year (since 1960) 2002 (0.9%) Company Share by Half Year
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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 2014 0.7% 2013 0.7% 2012 0.7% 2011 0.7% 2010 0.7% Record Year (since 1960) 2002 (0.9%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Company Share by Month
October November December UK formation share in 2014 0.7% 0.8% 0.7% UK formation share in 2013 0.7% 0.6% 0.7% % change 0.6% 24.2% -5.5% Record Year 1990 (0.9%) 2002 (0.9%) 2002 (0.9%)
Director Age
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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
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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
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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
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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
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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
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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
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Previous 12 months (Dec 2013-Dec 2014)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage NORFOLK 1.55% CONSULTING 5.22% CONSULTANCY 1.47% MANAGEMENT 4.58% MANAGEMENT 1.43% CONSULTANCY 3.57% CONSULTING 1.37% PROPERTY 2.66% ENGINEERING 1.07% CONSTRUCTION 2.12% J 1.03% ENGINEERING 2.10% NORWICH 0.91% CARE 2.02% PROPERTY 0.91% TRADING 1.94% CARE 0.89% LONDON 1.93% ELECTRICAL 0.85% TRANSPORT 1.93% DEVELOPMENTS 0.81% DESIGN 1.66% CONSTRUCTION 0.69% CONSULTANTS 1.64% EAST 0.67% ELECTRICAL 1.62% (NORFOLK) 0.65% PROPERTIES 1.62% HOUSE 0.63% BUSINESS 1.56% PROPERTIES 0.61% J 1.54% MEDIA 0.60% CO., 1.50% S 0.60% GLOBAL 1.49% DESIGN 0.60% INVESTMENTS 1.48% ANGLIA 0.60% ASSOCIATES 1.47% D 0.58% DEVELOPMENTS 1.35% HEALTHCARE 0.56% MEDIA 1.33% ASSOCIATES 0.56% IT 1.31% BUILDING 0.56% BUILDING 1.29% CONSULTANTS 0.54% M 1.22%
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 1,345 265,608 99999 - Dormant Company 341 48,509 82990 - Other business support service activities not elsewhere classified 295 58,068 70229 - Management consultancy activities other than financial management 285 42,290 62020 - Information technology consultancy activities 184 30,178 74909 - Other professional, scientific and technical activities not elsewhere classified 163 19,049 96090 - Other service activities not elsewhere classified 162 29,009 41100 - Development of building projects 110 11,397 86900 - Other human health activities 103 12,976 68209 - Other letting and operating of own or leased real estate 103 11,212 41202 - Construction of domestic buildings 91 7,559 43999 - Other specialised construction activities not elsewhere classified 85 8,761 71129 - Other engineering activities 84 6,132 74990 - Non-trading company 82 13,984 45200 - Maintenance and repair of motor vehicles 80 5,425 62090 - Other information technology service activities 80 12,837 43210 - Electrical installation 78 5,985 47910 - Retail sale via mail order houses or via Internet 71 10,107 56302 - Public houses and bars 69 6,285 96020 - Hairdressing and other beauty treatment 64 6,742
Recent Companies
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Randomly selected companies from this quarter
COMPANY NUMBER COMPANY NAME INCORPORATION DATE 09338950 TEAM CORNERSTONE LTD 03 Dec 2014 09357152 BGFC SERVICES LTD 16 Dec 2014 09361250 SOVEREIGN HOME CARE LIMITED 18 Dec 2014 09364123 ANGLED IT LIMITED 22 Dec 2014 09359778 CIA CUSTOM PRODUCTS UK SALES AND MARKETING LTD 18 Dec 2014 09336574 NORSCAN STAINLESS LTD 02 Dec 2014 09341704 SPRINT XPRESS (PALLETS) LTD 04 Dec 2014 09346889 MAYHEM HOLIDAYS (UK) LTD 09 Dec 2014 09351230 THORPE ROAD DEVELOPMENT LIMITED 11 Dec 2014 09351607 RML NORWICH LTD 11 Dec 2014 09353177 E-CUBE CONSULTANCY LTD 12 Dec 2014 09359665 ONLINE MADNESS LIMITED 18 Dec 2014 09338628 ELK HOMES LIMITED 03 Dec 2014 09338940 NORFOLK WEB SOLUTIONS LIMITED 03 Dec 2014 09359692 PRETTY PANTRY CATERING LTD 18 Dec 2014 09369305 THE ANGLIAN ANTI-AGING ACADEMIC COMMITTEE LTD 30 Dec 2014 09336852 THE DELANEY HOME DECOR LTD. 02 Dec 2014 09355221 MMC DESIGN LTD 15 Dec 2014 09360192 MARCO ML LIMITED 18 Dec 2014 09364485 ALLIANCE POINT LIMITED 22 Dec 2014 09346613 T2 MEDICAL LTD 09 Dec 2014 09349075 NT ALLY LIMITED 10 Dec 2014 09365683 BORIART LIMITED 23 Dec 2014 09340702 BROKEN BORDERS PROFESSIONALS LTD 04 Dec 2014 09348495 COLIN GROOMS FAMILY LAW LTD 10 Dec 2014
reports
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