Norwich, Norfolk
Q1 2013 Business Confidence Report
NOTICE: We have improved our calculations of the statistics in these reports, so some figures and records may not match previous reports.
Headlines
- February 2013 saw a new record in company closures in Norwich when compared to any previous February.
Contents
New Company Registrations
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Quarterly Data (Q1 Jan-Mar 2013)
A total of 447 companies were registered in Norwich during the first quarter of 2013 (Jan 2013 - Mar 2013).
This figure is a decrease of 8.4% versus the same period last year (Q1 2012). This figure compares badly to the UK as a whole, which saw an increase of 2.5% against the same period last year.
first quarter (Jan 2013 - Mar 2013) Norwich UK 2013 447 134,802 2012 488 131,491 % change -8.4% 2.5% Record Year 2012 (488) 2007 (166,814) New Companies by Quarter
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Monthly Data (Jan, Feb & Mar 2013)
New Companies by Month
January February March New companies in 2013 136 130 181 New companies in 2012 136 156 196 % change 0.0% -16.7% -7.7% Record Year 2012 (136) 2012 (156) 2007 (205)
Closed Companies (dissolved)
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Quarterly Data (Q1 Jan-Mar 2013)
A total of 298 companies were dissolved in Norwich during the first quarter of 2013 (Jan 2013 - Mar 2013).
This figure is an increase of 48.3% versus the same period last year (Q1 2012). This figure compares poorly to the UK as a whole, which saw an increase of 15.3% against the same period last year.
first quarter (Jan 2013 - Mar 2013) Norwich UK 2013 298 77,914 2012 201 67,576 % change 48.3% 15.3% Record Year 2013 (298) 2009 (108,066) Dissolved Companies by Quarter
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Monthly Data (Jan, Feb & Mar 2013)
February 2013 saw a new record in company closures in Norwich when compared to any previous February.
Dissolved Companies by Month
January February March Closed companies in 2013 105 108 85 Closed companies in 2012 65 74 62 % change 61.5% 45.9% 37% Record Year 2011 (108) 2013 (108) 2009 (142)
Net Company Growth
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Quarterly Data (Q1 Jan-Mar 2013)
Net company growth for Norwich during the first quarter of 2013 (Jan 2013 - Mar 2013) was 149 companies.
first quarter (Jan 2013 - Mar 2013) Norwich UK 2013 149 56,888 2012 287 63,915 Record Year 2007 (289) 2007 (111,282) Net Growth by Quarter
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Monthly Data (Jan, Feb & Mar 2013)
Net Growth by Month
January February March Net growth in 2013 31 22 96 Net growth in 2012 71 82 134 Record Year 2012 (71) 2003 (101) 2007 (167)
UK Company Share
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Quarterly Data (Q1 Jan-Mar 2013)
In the first quarter of 2013, Norwich formed 0.3% of all UK companies.
first quarter (Jan 2013 - Mar 2013) Norwich 2013 0.3% 2012 0.4% 2011 0.3% 2010 0.4% 2009 0.3% Record Year (since 1960) 1991 (0.4%) Company Share by Quarter
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Monthly Data (Jan, Feb & Mar 2013)
Company Share by Month
January February March UK formation share in 2013 0.3% 0.3% 0.4% UK formation share in 2012 0.3% 0.4% 0.4% % change -10.4% -17.3% -4.5% Record Year 1983 (0.6%) 1983 (0.6%) 1973 (0.8%)
Director Age
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Quarterly Data (Q1 Jan-Mar 2013)
The average age of a director in the first quarter of 2013 was 48.3.
The percentage of directors under the age of 25 was 8.3% compared to the UK figure of 5.8%.
The percentage of directors over the age of 65 was 2.0% compared to the UK figure of 1.8%.
Director Age by Quarter
Director Gender
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Quarterly Data (Q1 Jan-Mar 2013)
The record first quarter for female directors in Norwich was in 2006 when 31.7% of all directors were female.
27.7% of all director appointments in Norwich in the first quarter of 2013 were female. This compares to a UK average of 28.1% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Mar 2012-Mar 2013)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage MANAGEMENT 1.70% CONSULTING 5.18% NORFOLK 1.57% MANAGEMENT 4.78% CONSULTING 1.57% CONSULTANCY 3.30% PROPERTY 1.53% PROPERTY 2.44% NORWICH 1.19% TRADING 2.06% CONSULTANCY 1.06% DESIGN 1.79% EAST 1.02% ENGINEERING 1.78% MEDIA 0.93% BUSINESS 1.77% CARE 0.72% ASSOCIATES 1.75% ELECTRICAL 0.68% LONDON 1.72% ANGLIA 0.68% CONSULTANTS 1.71% CONSULTANTS 0.68% CONSTRUCTION 1.69% IT 0.59% MEDIA 1.63% ENGINEERING 0.59% GLOBAL 1.57% BUSINESS 0.59% J 1.56% DESIGN 0.59% CARE 1.46% (NORWICH) 0.59% IT 1.43% (EAST 0.55% INVESTMENTS 1.41% ANGLIA) 0.55% PROPERTIES 1.36% ENERGY 0.55% M 1.25% HOUSE 0.51% BUILDING 1.21% DEVELOPMENTS 0.47% ENTERPRISES 1.19% SCHOOL 0.47% ELECTRICAL 1.18% M 0.47% TRAINING 1.17% JOHN 0.42% SECURITY 1.15%
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 668 249,183 82990 - Other business support service activities not elsewhere classified 217 54,531 99999 - Dormant Company 154 43,384 70229 - Management consultancy activities other than financial management 142 32,624 62020 - Information technology consultancy activities 85 24,894 96090 - Other service activities not elsewhere classified 65 23,532 74909 - Other professional, scientific and technical activities not elsewhere classified 52 16,448 62090 - Other information technology service activities 47 12,664 74990 - Non-trading company 42 14,129 62012 - Business and domestic software development 40 8,099 71129 - Other engineering activities 36 4,226 86900 - Other human health activities 35 8,465 41100 - Development of building projects 32 8,637 45200 - Maintenance and repair of motor vehicles 31 4,684 43210 - Electrical installation 29 5,625 43999 - Other specialised construction activities not elsewhere classified 29 6,954 47910 - Retail sale via mail order houses or via Internet 29 7,199 43390 - Other building completion and finishing 28 5,145 64999 - Financial intermediation not elsewhere classified 27 4,819 56101 - Licensed restaurants 25 6,894
Recent Companies
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Randomly selected companies from this quarter
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