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
New Company Registrations
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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) Norwich UK 2014 443 143,414 2013 468 132,684 % change -5.3% 8.1% Record Year 2013 (468) 2014 (143,414) New Companies by Quarter
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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
July August September New companies in 2014 150 130 163 New companies in 2013 158 149 161 % change -5.1% -12.8% 1.2% Record Year 2011 (165) 2013 (149) 2014 (163)
Closed Companies (dissolved)
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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) Norwich UK 2014 365 101,670 2013 263 86,170 % change 38.8% 18.0% Record Year 2014 (365) 2009 (159,405) Dissolved Companies by Quarter
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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
July August September Closed companies in 2014 146 97 122 Closed companies in 2013 83 78 102 % change 75.9% 24.4% 20% Record Year 2014 (146) 2008 (154) 2009 (161)
Net Company Growth
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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) Norwich UK 2014 78 41,744 2013 205 46,514 Record Year 2013 (205) 2013 (46,514) Net Growth by Quarter
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Monthly Data (Jul, Aug & Sep 2014)
Net Growth by Month
July August September Net growth in 2014 4 33 41 Net growth in 2013 75 71 59 Record Year 2011 (97) 2013 (71) 2003 (97)
UK Company Share
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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 2014 0.3% 2013 0.4% 2012 0.3% 2011 0.4% 2010 0.3% Record Year (since 1960) 1991 (0.4%) Company Share by Quarter
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Monthly Data (Jul, Aug & Sep 2014)
Company Share by Month
July August September UK formation share in 2014 0.3% 0.3% 0.3% UK formation share in 2013 0.3% 0.4% 0.4% % change -13.7% -16.8% -7.1% Record Year 1964 (0.9%) 1978 (0.7%) 1969 (0.7%)
Director Age
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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
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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
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Previous 12 months (Sep 2013-Sep 2014)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage NORWICH 1.54% CONSULTING 5.17% CONSULTING 1.43% MANAGEMENT 4.63% NORFOLK 1.29% CONSULTANCY 3.55% CONSULTANCY 1.22% PROPERTY 2.62% MANAGEMENT 1.04% ENGINEERING 2.07% DEVELOPMENTS 0.86% CONSTRUCTION 2.05% PROPERTY 0.86% TRADING 2.00% CARE 0.82% LONDON 1.95% ASSOCIATES 0.72% CARE 1.94% ENERGY 0.72% TRANSPORT 1.76% MEDIA 0.68% DESIGN 1.70% ELECTRICAL 0.68% CONSULTANTS 1.70% (NORWICH) 0.68% PROPERTIES 1.63% ENTERPRISES 0.64% BUSINESS 1.62% J 0.61% J 1.53% BUILDING 0.61% ELECTRICAL 1.53% HEALTH 0.61% GLOBAL 1.51% HOUSE 0.57% INVESTMENTS 1.50% MARKETING 0.57% ASSOCIATES 1.48% CONSULTANTS 0.54% MEDIA 1.38% PROPERTIES 0.54% CO., 1.36% TRADING 0.50% DEVELOPMENTS 1.35% PROJECT 0.50% BUILDING 1.30% HEALTHCARE 0.50% IT 1.30% HOLDINGS 0.47% M 1.23%
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 709 278,481 82990 - Other business support service activities not elsewhere classified 215 57,264 99999 - Dormant Company 159 48,286 70229 - Management consultancy activities other than financial management 139 40,717 62020 - Information technology consultancy activities 102 29,313 74909 - Other professional, scientific and technical activities not elsewhere classified 77 18,890 96090 - Other service activities not elsewhere classified 71 28,224 74990 - Non-trading company 54 14,006 62090 - Other information technology service activities 46 12,795 47910 - Retail sale via mail order houses or via Internet 44 9,914 41100 - Development of building projects 42 10,604 68209 - Other letting and operating of own or leased real estate 42 10,361 86900 - Other human health activities 41 11,807 41202 - Construction of domestic buildings 37 7,151 56302 - Public houses and bars 37 6,056 71129 - Other engineering activities 36 5,930 43210 - Electrical installation 35 5,922 96020 - Hairdressing and other beauty treatment 32 6,630 56101 - Licensed restaurants 31 8,546 62012 - Business and domestic software development 31 9,675
Recent Companies
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Randomly selected companies from this quarter
COMPANY NUMBER COMPANY NAME INCORPORATION 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
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