Norwich, Norfolk

Q3 2014 Business Confidence Report

Headlines

  • September 2014 saw a new record in company registrations in Norwich when compared to any previous September.
  • July 2014 saw a new record in company closures in Norwich when compared to any previous July.

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. Quarterly Data (Q3 Jul-Sep 2014)

    A total of 443 companies were registered in Norwich during the third quarter of 2014 (Jul 2014 - Sep 2014).

    This figure is a decrease of 5.3% versus the same period last year (Q3 2013). This figure compares badly to the UK as a whole, which saw an increase of 8.1% against the same period last year.

    third quarter (Jul 2014 - Sep 2014)NorwichUK
    2014443143,414
    2013468132,684
    % change-5.3%8.1%
    Record Year 2013 (468) 2014 (143,414)
    New Companies by Quarter
  2. Monthly Data (Jul, Aug & Sep 2014)

    September 2014 saw a new record in company registrations in Norwich when compared to any previous September.

    New Companies by Month
    JulyAugustSeptember
    New companies in 2014150130163
    New companies in 2013158149161
    % change-5.1%-12.8%1.2%
    Record Year2011 (165)2013 (149)2014 (163)

Closed Companies (dissolved)

  1. Quarterly Data (Q3 Jul-Sep 2014)

    A total of 365 companies were dissolved in Norwich during the third quarter of 2014 (Jul 2014 - Sep 2014).

    This figure is an increase of 38.8% versus the same period last year (Q3 2013). This figure compares poorly to the UK as a whole, which saw an increase of 18.0% against the same period last year.

    third quarter (Jul 2014 - Sep 2014)NorwichUK
    2014365101,670
    201326386,170
    % change38.8%18.0%
    Record Year 2014 (365) 2009 (159,405)
    Dissolved Companies by Quarter
  2. Monthly Data (Jul, Aug & Sep 2014)

    July 2014 saw a new record in company closures in Norwich when compared to any previous July.

    Dissolved Companies by Month
    JulyAugustSeptember
    Closed companies in 201414697122
    Closed companies in 20138378102
    % change75.9%24.4%20%
    Record Year2014 (146)2008 (154)2009 (161)

Net Company Growth

  1. Quarterly Data (Q3 Jul-Sep 2014)

    Net company growth for Norwich during the third quarter of 2014 (Jul 2014 - Sep 2014) was 78 companies.

    third quarter (Jul 2014 - Sep 2014)NorwichUK
    20147841,744
    201320546,514
    Record Year 2013 (205) 2013 (46,514)
    Net Growth by Quarter
  2. Monthly Data (Jul, Aug & Sep 2014)

    Net Growth by Month
    JulyAugustSeptember
    Net growth in 201443341
    Net growth in 2013757159
    Record Year2011 (97)2013 (71)2003 (97)

UK Company Share

  1. Quarterly Data (Q3 Jul-Sep 2014)

    In the third quarter of 2014, Norwich formed 0.3% of all UK companies.

    third quarter (Jul 2014 - Sep 2014)Norwich
    20140.3%
    20130.4%
    20120.3%
    20110.4%
    20100.3%
    Record Year (since 1960) 1991 (0.4%)
    Company Share by Quarter
  2. Monthly Data (Jul, Aug & Sep 2014)

    Company Share by Month
    JulyAugustSeptember
    UK formation share in 20140.3%0.3%0.3%
    UK formation share in 20130.3%0.4%0.4%
    % change-13.7%-16.8%-7.1%
    Record Year1964 (0.9%)1978 (0.7%)1969 (0.7%)

Director Age

  1. Quarterly Data (Q3 Jul-Sep 2014)

    The average age of a director in the third quarter of 2014 was 44.6.

    The percentage of directors under the age of 25 was 4.8% compared to the UK figure of 3.7%.

    The percentage of directors over the age of 65 was 4.0% compared to the UK figure of 4.5%.

    Director Age by Quarter

Director Gender

  1. Quarterly Data (Q3 Jul-Sep 2014)

    The record third quarter for female directors in Norwich was in 2007 when 35.2% of all directors were female.

    27.1% of all director appointments in Norwich in the third quarter of 2014 were female. This compares to a UK average of 26.3% for the same period.

    Director Gender by Quarter

Naming Trends

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

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

    wordpercentageuk worduk percentage
    NORWICH1.54%CONSULTING5.17%
    CONSULTING1.43%MANAGEMENT4.63%
    NORFOLK1.29%CONSULTANCY3.55%
    CONSULTANCY1.22%PROPERTY2.62%
    MANAGEMENT1.04%ENGINEERING2.07%
    DEVELOPMENTS0.86%CONSTRUCTION2.05%
    PROPERTY0.86%TRADING2.00%
    CARE0.82%LONDON1.95%
    ASSOCIATES0.72%CARE1.94%
    ENERGY0.72%TRANSPORT1.76%
    MEDIA0.68%DESIGN1.70%
    ELECTRICAL0.68%CONSULTANTS1.70%
    (NORWICH)0.68%PROPERTIES1.63%
    ENTERPRISES0.64%BUSINESS1.62%
    J0.61%J1.53%
    BUILDING0.61%ELECTRICAL1.53%
    HEALTH0.61%GLOBAL1.51%
    HOUSE0.57%INVESTMENTS1.50%
    MARKETING0.57%ASSOCIATES1.48%
    CONSULTANTS0.54%MEDIA1.38%
    PROPERTIES0.54%CO.,1.36%
    TRADING0.50%DEVELOPMENTS1.35%
    PROJECT0.50%BUILDING1.30%
    HEALTHCARE0.50%IT1.30%
    HOLDINGS0.47%M1.23%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied709278,481
    82990 - Other business support service activities not elsewhere classified21557,264
    99999 - Dormant Company15948,286
    70229 - Management consultancy activities other than financial management13940,717
    62020 - Information technology consultancy activities10229,313
    74909 - Other professional, scientific and technical activities not elsewhere classified7718,890
    96090 - Other service activities not elsewhere classified7128,224
    74990 - Non-trading company5414,006
    62090 - Other information technology service activities4612,795
    47910 - Retail sale via mail order houses or via Internet449,914
    41100 - Development of building projects4210,604
    68209 - Other letting and operating of own or leased real estate4210,361
    86900 - Other human health activities4111,807
    41202 - Construction of domestic buildings377,151
    56302 - Public houses and bars376,056
    71129 - Other engineering activities365,930
    43210 - Electrical installation355,922
    96020 - Hairdressing and other beauty treatment326,630
    56101 - Licensed restaurants318,546
    62012 - Business and domestic software development319,675

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    09111616 THE TAXASSIST DIRECT GROUP LIMITED 02 Jul 2014
    09117283 ASPIRE PLASTERING LIMITED 04 Jul 2014
    09121465 PRIMEDENT NORWICH LTD 08 Jul 2014
    09125217 SERENITY MANAGEMENT LTD 10 Jul 2014
    09136304 ONE LAST THING LTD 17 Jul 2014
    09145177 MOP&HOP SERVICES LTD 24 Jul 2014
    09114769 FINANCIAL EMPOWERMENT LTD 03 Jul 2014
    09134324 LEVEL 3 SOLUTIONS LTD 16 Jul 2014
    09152402 NORWICH EAGLE CANOE CLUB LIMITED 29 Jul 2014
    09153259 LNA CARE SERVICES LIMITED 30 Jul 2014
    09141573 APPLEWOOD RECRUITMENT LIMITED 22 Jul 2014
    09155967 MANAGED MEDICAL CARE LTD 31 Jul 2014
    09119346 INTERTRADE DIRECT UK LIMITED 07 Jul 2014
    09155488 LAMONEY LTD 31 Jul 2014
    09116986 HANGSUN LIMITED 04 Jul 2014
    09122995 SAMUEL IJK LIMITED 09 Jul 2014
    09114762 FISH 'O' LICIOUS (NORFOLK) LIMITED 03 Jul 2014
    09125422 PEBS CONSULTANCY LTD 10 Jul 2014
    09128670 SECURITY MEDICAL & TRAINING SERVICES LIMITED 14 Jul 2014
    09128842 RAMACH LTD 14 Jul 2014
    09116198 GOOCH TECHNICAL SERVICES LTD. 04 Jul 2014
    09134106 BOOK AND A BREW LIMITED 16 Jul 2014
    09144169 HUUNUU LTD 23 Jul 2014
    09145306 GARAGE DOOR WORLD LTD 24 Jul 2014
    09149789 REALLY CLEAN {NORFOLK} LIMITED 28 Jul 2014