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
New Company Registrations
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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.
Year Penzance UK 2010 86 400,358 2009 98 362,675 2008 108 349,203 2007 123 457,649 2006 104 405,440 Record Year 2003 (152) 2007 (457,649) New Companies by Year
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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) Penzance UK 2010 41 196,609 2009 40 180,654 % change 2.5% 8.8% Record Year 2003 (88) 2003 (201,446) New Companies by Half Year
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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) Penzance UK 2010 15 95,117 2009 16 85,983 % change -6.3% 10.6% Record Year 2003 (46) 2010 (95,117) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
New Companies by Month
October November December New companies in 2010 3 11 1 New companies in 2009 3 6 7 % change 0.0% 83.3% -85.7% Record Year 2002 (18) 2003 (14) 2003 (19)
Closed Companies (dissolved)
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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.
Year Penzance UK 2010 106 342,232 2009 125 533,773 2008 55 237,901 2007 75 220,295 2006 74 200,166 Record Year 2009 (125) 2009 (533,773) Dissolved Companies by Year
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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) Penzance UK 2010 49 164,601 2009 45 244,537 % change 8.9% -32.7% Record Year 2010 (49) 2009 (244,537) Dissolved Companies by Half Year
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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) Penzance UK 2010 19 76,896 2009 19 85,136 % change 0.0% -9.7% Record Year 2006 (21) 2009 (85,136) Dissolved Companies by Quarter
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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
October November December Closed companies in 2010 7 8 4 Closed companies in 2009 6 6 7 % change 16.7% 33.3% -43% Record Year 2006 (11) 2010 (8) 2008 (9)
Net Company Growth
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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.
Year Penzance UK 2010 -20 58,126 2009 -27 -171,098 2008 53 111,302 2007 48 237,354 2006 30 205,274 Record Year 2003 (94) 2003 (242,543) Net Growth by Year
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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) Penzance UK 2010 -8 32,008 2009 -5 -63,883 Record Year 2003 (62) 2003 (117,772) Net Growth by Half Year
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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) Penzance UK 2010 -4 18,221 2009 -3 847 Record Year 2003 (37) 2003 (57,175) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
Net Growth by Month
October November December Net growth in 2010 -4 3 -3 Net growth in 2009 -3 0 0 Record Year 2002 (12) 2003 (9) 2003 (15)
UK Company Share
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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.
Year Penzance 2010 0.0% 2009 0.0% 2008 0.0% 2007 0.0% 2006 0.0% Record Year (since 1960) 1970 (0.1%) Company Share by Year
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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 2010 0.0% 2009 0.0% 2008 0.0% 2007 0.0% 2006 0.0% Record Year (since 1960) 1970 (0.1%) Company Share by Half Year
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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 2010 0.0% 2009 0.0% 2008 0.0% 2007 0.0% 2006 0.0% Record Year (since 1960) 1963 (0.1%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
Company Share by Month
October November December UK formation share in 2010 0.0% 0.0% 0.0% UK formation share in 2009 0.0% 0.0% 0.0% % change -12.7% 64.1% -86.3% Record Year 1965 (0.2%) 1969 (0.2%) 1963 (0.3%)
Director Age
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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
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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
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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
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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
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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
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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
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Previous 12 months (Dec 2009-Dec 2010)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage PENZANCE 3.23% CONSULTING 5.06% CORNWALL 2.69% MANAGEMENT 5.01% (PENZANCE) 2.15% CONSULTANCY 3.14% MARINE 1.61% PROPERTY 2.36% G 1.61% TRADING 2.11% ONE 1.61% ASSOCIATES 1.95% CIC 1.61% DESIGN 1.92% BAR 1.08% BUSINESS 1.82% MANAGEMENT 1.08% CONSTRUCTION 1.82% CONSULTANCY 1.08% CONSULTANTS 1.76% STREET 1.08% MEDIA 1.71% CARE 1.08% ENGINEERING 1.62% 2 1.08% LONDON 1.60% CENTRE 1.08% CARE 1.45% C.I.C. 1.08% INVESTMENTS 1.44% PZ 1.08% GLOBAL 1.43% P 1.08% J 1.42% 4 1.08% IT 1.41% Q 1.08% PROPERTIES 1.34% EIGHT 1.08% INTERNATIONAL 1.34% TR 1.08% BUILDING 1.34% BEST 1.08% M 1.30% J. 1.08% ELECTRICAL 1.25% COMMUNITY 1.08% SYSTEMS 1.24% OUR 1.08% S 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 48 199,572 7487 - Other business activities 7 63,348 7414 - Business & management consultancy 4 13,474 41100 - Development of building projects 4 3,765 82990 - Other business support service activities not elsewhere classified 4 27,550 9999 - Dormant Company 3 20,144 5248 - Other retail specialised stores 3 2,016 43220 - Plumbing, heat and air-conditioning installation 3 2,187 56101 - Licensed restaurants 3 2,446 68320 - Management of real estate on a fee or contract basis 3 3,097 7011 - Development & sell real estate 3 2,949 7499 - Non-trading company 3 12,000 86900 - Other human health activities 3 3,700 9305 - Other service activities 3 8,858 43390 - Other building completion and finishing 3 2,522 68209 - Other letting and operating of own or leased real estate 2 3,755 7210 - Hardware consultancy 2 905 35110 - Production of electricity 2 396 9272 - Other recreational activities 2 1,003 5510 - Hotels and Motels with (or without) restaurant 2 725
Recent Companies
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Randomly selected companies from this quarter
COMPANY NUMBER COMPANY NAME INCORPORATION DATE 07454624 M P G (PENZANCE) LIMITED 29 Nov 2010 07451898 THE DAHLIA COLLECTION LIMITED 25 Nov 2010 07451760 ADKIN MARINE LIMITED 25 Nov 2010 07450224 TR ONE EIGHT GROUP LTD 24 Nov 2010 07443377 REEVES & PRYOR LIMITED 18 Nov 2010 07439670 BERWICK ESTATE AGENTS LIMITED 15 Nov 2010 07438433 LET CENTRAL LIMITED 12 Nov 2010 07432527 LEVEL CONSULTANCY & CONSTRUCTION LIMITED 08 Nov 2010 07443658 HELSTON CLAIMS LIMITED 18 Nov 2010 07442988 WEST CORNWALL CARS LTD 17 Nov 2010 07435817 YO-PROPERTY LIMITED 10 Nov 2010