Penzance, Cornwall

2010 Annual Business Confidence Report

Headlines

  • The second half of 2010 saw a new record in company closures in Penzance when compared to any previous second half year.
  • November 2010 saw a new record in company closures in Penzance when compared to any previous November.

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. Annual Data (2010)

    A total of 86 companies were formed in Penzance in 2010. This total is 12.2% lower than in 2009 and compares poorly to the UK figure of a 10.4% growth compared to 362,675 the previous year.

    YearPenzanceUK
    201086400,358
    200998362,675
    2008108349,203
    2007123457,649
    2006104405,440
    Record Year2003 (152)2007 (457,649)
    New Companies by Year
  2. Half Year Data (Jul-Dec 2010)

    In the second half of 2010 a total of 41 companies were formed in Penzance. This figure is 2.5% higher than last year, which compares badly to the UK wide figure of 8.8%.

    The highest total for a second half year in Penzance occurred in 2003 when a total of 88 were formed.

    Half Year (Jul-Dec)PenzanceUK
    201041196,609
    200940180,654
    % change2.5%8.8%
    Record Year2003 (88)2003 (201,446)
    New Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    A total of 15 companies were registered in Penzance during the fourth quarter of 2010 (Oct 2010 - Dec 2010).

    This figure is a decrease of 6.3% versus the same period last year (Q4 2009). This figure compares badly to the UK as a whole, which saw an increase of 10.6% against the same period last year.

    fourth quarter (Oct 2010 - Dec 2010)PenzanceUK
    20101595,117
    20091685,983
    % change-6.3%10.6%
    Record Year 2003 (46) 2010 (95,117)
    New Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    New Companies by Month
    OctoberNovemberDecember
    New companies in 20103111
    New companies in 2009367
    % change0.0%83.3%-85.7%
    Record Year2002 (18)2003 (14)2003 (19)

Closed Companies (dissolved)

  1. Annual Data (2010)

    A total of 106 companies were dissolved in Penzance in 2010. This total is 15.2% lower than in 2009 and compares favourably to the UK figure of 35.9% decrease compared to the previous year.

    YearPenzanceUK
    2010106342,232
    2009125533,773
    200855237,901
    200775220,295
    200674200,166
    Record Year2009 (125)2009 (533,773)
    Dissolved Companies by Year
  2. Half Year Data (Jul-Dec 2010)

    The second half of 2010 saw a new record in company closures in Penzance when compared to any previous second half year.

    In the second half of 2010 a total of 49 companies were dissolved in Penzance. This figure is 8.9% higher than last year, which compares badly to the UK wide change of -32.7%.

    The highest total for a second half year in Penzance occurred in 2010 when a total of 49 were closed.

    Half Year (Jul-Dec)PenzanceUK
    201049164,601
    200945244,537
    % change8.9%-32.7%
    Record Year2010 (49)2009 (244,537)
    Dissolved Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    A total of 19 companies were dissolved in Penzance during the fourth quarter of 2010 (Oct 2010 - Dec 2010).

    This figure is an increase of 0.0% versus the same period last year (Q4 2009). This figure compares poorly to the UK as a whole, which saw a decrease of 9.7% against the same period last year.

    fourth quarter (Oct 2010 - Dec 2010)PenzanceUK
    20101976,896
    20091985,136
    % change0.0%-9.7%
    Record Year 2006 (21) 2009 (85,136)
    Dissolved Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    November 2010 saw a new record in company closures in Penzance when compared to any previous November.

    Dissolved Companies by Month
    OctoberNovemberDecember
    Closed companies in 2010784
    Closed companies in 2009667
    % change16.7%33.3%-43%
    Record Year2006 (11)2010 (8)2008 (9)

Net Company Growth

  1. Annual Data (2010)

    A total of -20 companies were removed to the company register for Penzance in 2010. This number represents decline of 20.4% in the total number of active companies, which compares unfavourably to the UK figure of 16.0%.

    This number is 7 companies higher than the previous year.

    The highest net company growth figure ever seen in one year came in 2003 when the Penzance company register grew by 94 companies.

    YearPenzanceUK
    2010-2058,126
    2009-27-171,098
    200853111,302
    200748237,354
    200630205,274
    Record Year2003 (94)2003 (242,543)
    Net Growth by Year
  2. Half Year Data (Jul-Dec 2010)

    In the second half of 2010 the company register for Penzance decreased by 8 companies.

    Half Year (Jul-Dec)PenzanceUK
    2010-832,008
    2009-5-63,883
    Record Year2003 (62)2003 (117,772)
    Net Growth by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    Net company growth for Penzance during the fourth quarter of 2010 (Oct 2010 - Dec 2010) was -4 companies.

    fourth quarter (Oct 2010 - Dec 2010)PenzanceUK
    2010-418,221
    2009-3847
    Record Year 2003 (37) 2003 (57,175)
    Net Growth by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    Net Growth by Month
    OctoberNovemberDecember
    Net growth in 2010-43-3
    Net growth in 2009-300
    Record Year2002 (12)2003 (9)2003 (15)

UK Company Share

  1. Annual Data (2010)

    In 2010 Penzance formed 0.0% of all UK companies. This is no change on 2009 when Penzance was responsible for 0.0% of all UK companies.

    YearPenzance
    20100.0%
    20090.0%
    20080.0%
    20070.0%
    20060.0%
    Record Year (since 1960)1970 (0.1%)
    Company Share by Year
  2. Half Year Data (Jul-Dec 2010)

    In the second half of 2010 Penzance formed 0.0% of all UK companies. This is the same as the 2009 figure of 0.0%.

    Half Year (Jul-Dec)Penzance
    20100.0%
    20090.0%
    20080.0%
    20070.0%
    20060.0%
    Record Year (since 1960) 1970 (0.1%)
    Company Share by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    In the fourth quarter of 2010, Penzance formed 0.0% of all UK companies.

    fourth quarter (Oct 2010 - Dec 2010)Penzance
    20100.0%
    20090.0%
    20080.0%
    20070.0%
    20060.0%
    Record Year (since 1960) 1963 (0.1%)
    Company Share by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    Company Share by Month
    OctoberNovemberDecember
    UK formation share in 20100.0%0.0%0.0%
    UK formation share in 20090.0%0.0%0.0%
    % change-12.7%64.1%-86.3%
    Record Year1965 (0.2%)1969 (0.2%)1963 (0.3%)

Director Age

  1. Annual Data (2010)

    The average age of a director in 2010 was 48.2.

    The percentage of directors under the age of 25 was 2.5% compared to the UK figure of 2.5%.

    The percentage of directors over the age of 65 was 10.7% compared to the UK figure of 4.5%.

    Director Age by Year
  2. Half Year Data (Jul-Dec 2010)

    The average age of a director in the second half of 2010 was 48.1.

    The percentage of directors under the age of 25 was 3.7% compared to the UK figure of 2.8%.

    The percentage of directors over the age of 65 was 11.0% compared to the UK figure of 4.4%.

    Director Age by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    The average age of a director in the fourth quarter of 2010 was 47.7.

    The percentage of directors under the age of 25 was 3.1% compared to the UK figure of 3.0%.

    The percentage of directors over the age of 65 was 9.4% compared to the UK figure of 4.4%.

    Director Age by Quarter

Director Gender

  1. Annual Data (2010)

    The record year for female directors in Penzance was 1857 when 36.4% of all directors were female.

    The percentage of female directors in Penzance in 2010 was 33.3%. The average for the UK during this time was 26.2%

    Director Gender by Year
  2. Half Year Data (Jul-Dec 2010)

    The record second half year for female directors in Penzance was 1860 when 42.9% of all directors were female.

    22.8% of all director appointments in Penzance in the second half of 2010 were female. This compares to a UK average of 25.0% for the same period.

    Director Gender by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    The record fourth quarter for female directors in Penzance was in 1977 when 31.1% of all directors were female.

    13.5% of all director appointments in Penzance in the fourth quarter of 2010 were female. This compares to a UK average of 24.7% for the same period.

    Director Gender by Quarter

Naming Trends

  1. Previous 12 months (Dec 2009-Dec 2010)

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

    wordpercentageuk worduk percentage
    PENZANCE3.23%CONSULTING5.06%
    CORNWALL2.69%MANAGEMENT5.01%
    (PENZANCE)2.15%CONSULTANCY3.14%
    MARINE1.61%PROPERTY2.36%
    G1.61%TRADING2.11%
    ONE1.61%ASSOCIATES1.95%
    CIC1.61%DESIGN1.92%
    BAR1.08%BUSINESS1.82%
    MANAGEMENT1.08%CONSTRUCTION1.82%
    CONSULTANCY1.08%CONSULTANTS1.76%
    STREET1.08%MEDIA1.71%
    CARE1.08%ENGINEERING1.62%
    21.08%LONDON1.60%
    CENTRE1.08%CARE1.45%
    C.I.C.1.08%INVESTMENTS1.44%
    PZ1.08%GLOBAL1.43%
    P1.08%J1.42%
    41.08%IT1.41%
    Q1.08%PROPERTIES1.34%
    EIGHT1.08%INTERNATIONAL1.34%
    TR1.08%BUILDING1.34%
    BEST1.08%M1.30%
    J.1.08%ELECTRICAL1.25%
    COMMUNITY1.08%SYSTEMS1.24%
    OUR1.08%S1.23%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied48199,572
    7487 - Other business activities763,348
    7414 - Business & management consultancy413,474
    41100 - Development of building projects43,765
    82990 - Other business support service activities not elsewhere classified427,550
    9999 - Dormant Company320,144
    5248 - Other retail specialised stores32,016
    43220 - Plumbing, heat and air-conditioning installation32,187
    56101 - Licensed restaurants32,446
    68320 - Management of real estate on a fee or contract basis33,097
    7011 - Development & sell real estate32,949
    7499 - Non-trading company312,000
    86900 - Other human health activities33,700
    9305 - Other service activities38,858
    43390 - Other building completion and finishing32,522
    68209 - Other letting and operating of own or leased real estate23,755
    7210 - Hardware consultancy2905
    35110 - Production of electricity2396
    9272 - Other recreational activities21,003
    5510 - Hotels and Motels with (or without) restaurant2725

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    07469570 SENNEN BEACH LTD 14 Dec 2010

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