Penrith, Cumbria
2014 Annual Business Confidence Report
Headlines
- December 2014 saw a new record in company registrations in Penrith when compared to any previous December.
- December 2014 saw a new record in company closures in Penrith when compared to any previous December.
Contents
New Company Registrations
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Annual Data (2014)
A total of 159 companies were formed in Penrith in 2014. This total is 39.5% higher than in 2013 and compares favourably to the UK figure of a 10.0% growth compared to 529,363 the previous year.
Year Penrith UK 2014 159 582,051 2013 114 529,363 2012 118 491,893 2011 111 452,870 2010 105 400,358 Record Year 2014 (159) 2014 (582,051) New Companies by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 a total of 74 companies were formed in Penrith. This figure is 21.3% higher than last year, which compares well to the UK wide figure of 8.2%.
The highest total for a second half year in Penrith occurred in 2002 when a total of 120 were formed.
Half Year (Jul-Dec) Penrith UK 2014 74 281,320 2013 61 259,931 % change 21.3% 8.2% Record Year 2002 (120) 2014 (281,320) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
A total of 46 companies were registered in Penrith during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is an increase of 70.4% 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) Penrith UK 2014 46 137,906 2013 27 127,247 % change 70.4% 8.4% Record Year 2014 (46) 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 Penrith when compared to any previous December.
New Companies by Month
October November December New companies in 2014 19 11 16 New companies in 2013 8 12 7 % change 137.5% -8.3% 128.6% Record Year 2002 (26) 2002 (17) 2014 (16)
Closed Companies (dissolved)
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Annual Data (2014)
A total of 101 companies were dissolved in Penrith in 2014. This total is 16.1% higher than in 2013 and compares favourably to the UK figure of 10.8% growth compared to the previous year.
Year Penrith UK 2014 101 367,937 2013 87 332,213 2012 82 293,729 2011 88 314,524 2010 104 342,233 Record Year 2009 (106) 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 52 companies were dissolved in Penrith. This figure is 4.0% higher than last year, which compares well to the UK wide change of 7.7%.
The highest total for a second half year in Penrith occurred in 2009 when a total of 66 were closed.
Half Year (Jul-Dec) Penrith UK 2014 52 190,730 2013 50 177,021 % change 4.0% 7.7% Record Year 2009 (66) 2009 (244,544) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
A total of 27 companies were dissolved in Penrith during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is an increase of 0.0% versus the same period last year (Q4 2013). This figure compares poorly 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) Penrith UK 2014 27 89,060 2013 27 90,851 % change 0.0% -2.0% Record Year 2009 (35) 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 Penrith when compared to any previous December.
Dissolved Companies by Month
October November December Closed companies in 2014 8 4 15 Closed companies in 2013 8 9 10 % change 0.0% -55.6% 50% Record Year 2011 (11) 2009 (14) 2014 (15)
Net Company Growth
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Annual Data (2014)
A total of 58 companies were added to the company register for Penrith in 2014. This number represents growth of 36.5% in the total number of active companies, which compares unfavourably to the UK figure of 36.8%.
This number is 31 companies higher than the previous year.
The highest net company growth figure ever seen in one year came in 2007 when the Penrith company register grew by 73 companies.
Year Penrith UK 2014 58 214,114 2013 27 197,150 2012 36 198,164 2011 23 138,346 2010 1 58,125 Record Year 2007 (73) 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 Penrith increased by 22 companies.
Half Year (Jul-Dec) Penrith UK 2014 22 90,590 2013 11 82,910 Record Year 2002 (101) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
Net company growth for Penrith during the fourth quarter of 2014 (Oct 2014 - Dec 2014) was 19 companies.
fourth quarter (Oct 2014 - Dec 2014) Penrith UK 2014 19 48,846 2013 0 36,396 Record Year 2012 (27) 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 11 7 1 Net growth in 2013 0 3 -3 Record Year 2002 (22) 2002 (13) 2003 (12)
UK Company Share
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Annual Data (2014)
In 2014 Penrith formed 0.0% of all UK companies. This is no change on 2013 when Penrith was responsible for 0.0% of all UK companies.
Year Penrith 2014 0.0% 2013 0.0% 2012 0.0% 2011 0.0% 2010 0.0% Record Year (since 1960) 2002 (0.1%) Company Share by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 Penrith formed 0.0% of all UK companies. This is the same as the 2013 figure of 0.0%.
Half Year (Jul-Dec) Penrith 2014 0.0% 2013 0.0% 2012 0.0% 2011 0.0% 2010 0.0% Record Year (since 1960) 2002 (0.1%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
In the fourth quarter of 2014, Penrith formed 0.0% of all UK companies.
fourth quarter (Oct 2014 - Dec 2014) Penrith 2014 0.0% 2013 0.0% 2012 0.0% 2011 0.0% 2010 0.0% Record Year (since 1960) 2002 (0.1%) 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 0.0% 0.0% 0.0% UK formation share in 2013 0.0% 0.0% 0.0% % change 126.7% -12.9% 96.0% Record Year 2002 (0.1%) 1990 (0.1%) 1991 (0.1%)
Director Age
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Annual Data (2014)
The average age of a director in 2014 was 46.5.
The percentage of directors under the age of 25 was 7.6% compared to the UK figure of 4.0%.
The percentage of directors over the age of 65 was 2.0% 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 45.4.
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 1.7% 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 47.0.
The percentage of directors under the age of 25 was 6.8% compared to the UK figure of 3.8%.
The percentage of directors over the age of 65 was 0.8% 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 Penrith was 1983 when 50.0% of all directors were female.
The percentage of female directors in Penrith in 2014 was 34.4%. 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 Penrith was 2007 when 42.3% of all directors were female.
35.0% of all director appointments in Penrith 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 Penrith was in 2006 when 41.5% of all directors were female.
38.1% of all director appointments in Penrith 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 C 1.45% CONSULTING 5.22% (PENRITH) 1.45% MANAGEMENT 4.58% R 1.16% CONSULTANCY 3.57% M 1.16% PROPERTY 2.66% CUMBRIA 1.16% CONSTRUCTION 2.12% D 0.87% ENGINEERING 2.10% ENGINEERING 0.87% CARE 2.02% CONSTRUCTION 0.87% TRADING 1.94% (CUMBRIA) 0.87% LONDON 1.93% PENRITH 0.87% TRANSPORT 1.93% CONSULTANCY 0.87% DESIGN 1.66% BUILDING 0.87% CONSULTANTS 1.64% S 0.87% ELECTRICAL 1.62% HODGSON 0.58% PROPERTIES 1.62% DRILLING 0.58% BUSINESS 1.56% L 0.58% J 1.54% NORTH 0.58% CO., 1.50% AVENUE 0.58% GLOBAL 1.49% TRUST 0.58% INVESTMENTS 1.48% MOTORWAY 0.58% ASSOCIATES 1.47% BROWN 0.58% DEVELOPMENTS 1.35% PLUMBING 0.58% MEDIA 1.33% HOUSE 0.58% IT 1.31% CONSULTING 0.58% BUILDING 1.29% ELITE 0.58% 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 48 265,608 99999 - Dormant Company 17 48,509 70229 - Management consultancy activities other than financial management 9 42,290 82990 - Other business support service activities not elsewhere classified 8 58,068 96020 - Hairdressing and other beauty treatment 7 6,742 74909 - Other professional, scientific and technical activities not elsewhere classified 6 19,049 45200 - Maintenance and repair of motor vehicles 6 5,425 41100 - Development of building projects 5 11,397 93199 - Other sports activities 4 4,176 49410 - Freight transport by road 4 10,842 41202 - Construction of domestic buildings 4 7,559 62020 - Information technology consultancy activities 3 30,178 43320 - Joinery installation 3 2,180 55100 - Hotels and similar accommodation 3 1,774 90030 - Artistic creation 3 4,610 01500 - Mixed farming 3 614 62012 - Business and domestic software development 3 9,752 94990 - Activities of other membership organizations not elsewhere classified 2 1,380 39000 - Remediation activities and other waste management services 2 637 56290 - Other food services 2 4,616
Recent Companies
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Randomly selected companies from this quarter
COMPANY NUMBER COMPANY NAME INCORPORATION DATE 09300508 CAIRN LODGE SERVICES LIMITED 07 Nov 2014 09293844 LBTS (LANDBASED TRAINING SERVICES) LIMITED 04 Nov 2014 09294440 R M & S C JENKINSON LIMITED 04 Nov 2014 09297413 WIMITECH LIMITED 05 Nov 2014 09297523 C B (CUMBRIA) LIMITED 05 Nov 2014 09306177 WEBSCHO FORESTRY LIMITED 11 Nov 2014 09308768 THE MOUSE HOLE (CUMBRIA) LIMITED 13 Nov 2014 09316826 BEACON SPORTS LTD 18 Nov 2014 09317603 MOLEX COMPANY LTD 19 Nov 2014 09331090 DAVID CEMMICK ART LIMITED 27 Nov 2014 09332499 THE BEEHIVE (PENRITH) LTD 28 Nov 2014