Norwich, Norfolk
2014 Annual Business Confidence Report
Headlines
- 2014 was a record year for company registrations in Norwich when compared to any year in history.
- The second half of 2014 saw a new record in company registrations in Norwich when compared to any previous second half year.
- Q4 2014 saw a new record in company registrations in Norwich when compared to any previous Q4.
- December 2014 saw a new record in company registrations in Norwich when compared to any previous December.
- November 2014 saw a new record in company registrations in Norwich when compared to any previous November.
- The second half of 2014 saw a new record in company closures in Norwich when compared to any previous second half year.
- December 2014 saw a new record in company closures in Norwich when compared to any previous December.
- The record fourth quarter for female directors in Norwich was in 2014 when 35.0% of all directors were female.
Contents
New Company Registrations
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Annual Data (2014)
2014 was a record year for company registrations in Norwich when compared to any year in history.
A total of 1,991 companies were formed in Norwich in 2014. This total is 10.8% higher than in 2013 and compares equally to the UK figure of a 10.0% growth compared to 529,363 the previous year.
Year Norwich UK 2014 1,991 582,051 2013 1,797 529,363 2012 1,694 491,893 2011 1,634 452,870 2010 1,306 400,358 Record Year 2014 (1,991) 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 Norwich when compared to any previous second half year.
In the second half of 2014 a total of 913 companies were formed in Norwich. This figure is 2.4% higher than last year, which compares badly to the UK wide figure of 8.2%.
The highest total for a second half year in Norwich occurred in 2014 when a total of 913 were formed.
Half Year (Jul-Dec) Norwich UK 2014 913 281,320 2013 892 259,931 % change 2.4% 8.2% Record Year 2014 (913) 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 Norwich when compared to any previous Q4.
A total of 470 companies were registered in Norwich during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is an increase of 10.8% versus the same period last year (Q4 2013). This figure compares equally 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) Norwich UK 2014 470 137,906 2013 424 127,247 % change 10.8% 8.4% Record Year 2014 (470) 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 Norwich when compared to any previous December.
November 2014 saw a new record in company registrations in Norwich when compared to any previous November.
New Companies by Month
October November December New companies in 2014 165 163 142 New companies in 2013 151 139 134 % change 9.3% 17.3% 6.0% Record Year 2014 (165) 2014 (163) 2014 (142)
Closed Companies (dissolved)
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Annual Data (2014)
A total of 1,244 companies were dissolved in Norwich in 2014. This total is 5.2% higher than in 2013 and compares unfavourably to the UK figure of 10.8% growth compared to the previous year.
Year Norwich UK 2014 1,244 367,937 2013 1,182 332,213 2012 948 293,729 2011 983 314,524 2010 1,105 342,233 Record Year 2009 (1,302) 2009 (533,789) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2014)
The second half of 2014 saw a new record in company closures in Norwich when compared to any previous second half year.
In the second half of 2014 a total of 663 companies were dissolved in Norwich. This figure is 10.5% higher than last year, which compares badly to the UK wide change of 7.7%.
The highest total for a second half year in Norwich occurred in 2014 when a total of 663 were closed.
Half Year (Jul-Dec) Norwich UK 2014 663 190,730 2013 600 177,021 % change 10.5% 7.7% Record Year 2014 (663) 2009 (244,544) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
A total of 298 companies were dissolved in Norwich during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is a decrease of 11.6% 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) Norwich UK 2014 298 89,060 2013 337 90,851 % change -11.6% -2.0% Record Year 2013 (337) 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 Norwich when compared to any previous December.
Dissolved Companies by Month
October November December Closed companies in 2014 84 101 113 Closed companies in 2013 152 106 79 % change -44.7% -4.7% 43% Record Year 2013 (152) 2010 (109) 2014 (113)
Net Company Growth
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Annual Data (2014)
A total of 747 companies were added to the company register for Norwich in 2014. This number represents growth of 37.5% in the total number of active companies, which compares favourably to the UK figure of 36.8%.
This number is 132 companies higher than the previous year.
The highest net company growth figure ever seen in one year came in 2007 when the Norwich company register grew by 755 companies.
Year Norwich UK 2014 747 214,114 2013 615 197,150 2012 746 198,164 2011 651 138,346 2010 201 58,125 Record Year 2007 (755) 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 Norwich increased by 250 companies.
Half Year (Jul-Dec) Norwich UK 2014 250 90,590 2013 292 82,910 Record Year 2003 (477) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
Net company growth for Norwich during the fourth quarter of 2014 (Oct 2014 - Dec 2014) was 172 companies.
fourth quarter (Oct 2014 - Dec 2014) Norwich UK 2014 172 48,846 2013 87 36,396 Record Year 2008 (173) 2012 (49,848) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Net Growth by Month
October November December Net growth in 2014 81 62 29 Net growth in 2013 -1 33 55 Record Year 2003 (117) 2003 (80) 2002 (75)
UK Company Share
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Annual Data (2014)
In 2014 Norwich formed 0.3% of all UK companies. This is no change on 2013 when Norwich was responsible for 0.3% of all UK companies.
Year Norwich 2014 0.3% 2013 0.3% 2012 0.3% 2011 0.4% 2010 0.3% Record Year (since 1960) 2002 (0.4%) Company Share by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 Norwich formed 0.3% of all UK companies. This is the same as the 2013 figure of 0.3%.
Half Year (Jul-Dec) Norwich 2014 0.3% 2013 0.3% 2012 0.3% 2011 0.4% 2010 0.3% Record Year (since 1960) 2002 (0.4%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
In the fourth quarter of 2014, Norwich formed 0.3% of all UK companies.
fourth quarter (Oct 2014 - Dec 2014) Norwich 2014 0.3% 2013 0.3% 2012 0.3% 2011 0.4% 2010 0.3% Record Year (since 1960) 1990 (0.4%) 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 0.3% 0.4% 0.4% UK formation share in 2013 0.3% 0.3% 0.4% % change 4.0% 11.4% -9.3% Record Year 1981 (0.7%) 1975 (0.6%) 1967 (1.3%)
Director Age
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Annual Data (2014)
The average age of a director in 2014 was 44.9.
The percentage of directors under the age of 25 was 5.5% compared to the UK figure of 4.0%.
The percentage of directors over the age of 65 was 3.8% 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 5.2% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 3.3% 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 5.5% compared to the UK figure of 3.8%.
The percentage of directors over the age of 65 was 2.6% 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 Norwich was 1984 when 100.0% of all directors were female.
The percentage of female directors in Norwich in 2014 was 29.1%. 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 Norwich was 2007 when 33.2% of all directors were female.
31.3% of all director appointments in Norwich 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 Norwich was in 2014 when 35.0% of all directors were female.
35.0% of all director appointments in Norwich 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 NORWICH 1.41% CONSULTING 5.22% CONSULTANCY 1.41% MANAGEMENT 4.58% NORFOLK 1.30% CONSULTANCY 3.57% CONSULTING 1.12% PROPERTY 2.66% MANAGEMENT 1.05% CONSTRUCTION 2.12% CARE 0.95% ENGINEERING 2.10% PROPERTY 0.84% CARE 2.02% DEVELOPMENTS 0.77% TRADING 1.94% ELECTRICAL 0.74% LONDON 1.93% J 0.70% TRANSPORT 1.93% HEALTHCARE 0.63% DESIGN 1.66% ENTERPRISES 0.60% CONSULTANTS 1.64% MEDIA 0.60% ELECTRICAL 1.62% ENERGY 0.60% PROPERTIES 1.62% ASSOCIATES 0.56% BUSINESS 1.56% CONSULTANTS 0.56% J 1.54% BUILDING 0.53% CO., 1.50% HEALTH 0.53% GLOBAL 1.49% HOUSE 0.53% INVESTMENTS 1.48% DEVELOPMENT 0.53% ASSOCIATES 1.47% MARKETING 0.53% DEVELOPMENTS 1.35% PROPERTIES 0.53% MEDIA 1.33% ENGINEERING 0.53% IT 1.31% CONSTRUCTION 0.49% BUILDING 1.29% PROJECT 0.49% 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 664 265,608 82990 - Other business support service activities not elsewhere classified 212 58,068 99999 - Dormant Company 164 48,509 70229 - Management consultancy activities other than financial management 159 42,290 62020 - Information technology consultancy activities 116 30,178 74909 - Other professional, scientific and technical activities not elsewhere classified 81 19,049 96090 - Other service activities not elsewhere classified 74 29,009 74990 - Non-trading company 52 13,984 86900 - Other human health activities 51 12,976 68209 - Other letting and operating of own or leased real estate 49 11,212 41100 - Development of building projects 47 11,397 62090 - Other information technology service activities 47 12,837 41202 - Construction of domestic buildings 39 7,559 47910 - Retail sale via mail order houses or via Internet 38 10,107 43210 - Electrical installation 37 5,985 62012 - Business and domestic software development 35 9,752 56302 - Public houses and bars 35 6,285 71129 - Other engineering activities 34 6,132 96020 - Hairdressing and other beauty treatment 33 6,742 43999 - Other specialised construction activities not elsewhere classified 31 8,761
Recent Companies
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Randomly selected companies from this quarter
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