Penzance, Cornwall
2014 Annual Business Confidence Report
Headlines
- The second half of 2014 saw a new record in company closures in Penzance when compared to any previous second half year.
Contents
New Company Registrations
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Annual Data (2014)
A total of 120 companies were formed in Penzance in 2014. This total is 25.0% lower than in 2013 and compares poorly to the UK figure of a 10.0% growth compared to 529,363 the previous year.
Year Penzance UK 2014 120 582,051 2013 160 529,363 2012 119 491,893 2011 123 452,870 2010 86 400,358 Record Year 2013 (160) 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 55 companies were formed in Penzance. This figure is 28.6% lower than last year, which compares badly to the UK wide figure of 8.2%.
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 2014 55 281,320 2013 77 259,931 % change -28.6% 8.2% Record Year 2003 (88) 2014 (281,320) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
A total of 29 companies were registered in Penzance during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is a decrease of 19.4% versus the same period last year (Q4 2013). This figure compares badly 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) Penzance UK 2014 29 137,906 2013 36 127,247 % change -19.4% 8.4% Record Year 2013 (36) 2014 (137,906) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
New Companies by Month
October November December New companies in 2014 12 8 9 New companies in 2013 17 8 11 % change -29.4% 0.0% -18.2% Record Year 2002 (18) 2003 (14) 2003 (19)
Closed Companies (dissolved)
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Annual Data (2014)
A total of 110 companies were dissolved in Penzance in 2014. This total is 13.4% higher than in 2013 and compares favourably to the UK figure of 10.8% growth compared to the previous year.
Year Penzance UK 2014 110 367,937 2013 97 332,213 2012 75 293,729 2011 86 314,524 2010 106 342,233 Record Year 2009 (125) 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 Penzance when compared to any previous second half year.
In the second half of 2014 a total of 57 companies were dissolved in Penzance. This figure is 29.5% higher than last year, which compares badly to the UK wide change of 7.7%.
The highest total for a second half year in Penzance occurred in 2014 when a total of 57 were closed.
Half Year (Jul-Dec) Penzance UK 2014 57 190,730 2013 44 177,021 % change 29.5% 7.7% Record Year 2014 (57) 2009 (244,544) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
A total of 26 companies were dissolved in Penzance during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is an increase of 13.0% 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) Penzance UK 2014 26 89,060 2013 23 90,851 % change 13.0% -2.0% Record Year 2014 (26) 2013 (90,851) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Dissolved Companies by Month
October November December Closed companies in 2014 7 12 7 Closed companies in 2013 4 14 5 % change 75.0% -14.3% 40% Record Year 2006 (11) 2013 (14) 2008 (9)
Net Company Growth
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Annual Data (2014)
A total of 10 companies were added to the company register for Penzance in 2014. This number represents growth of 8.3% in the total number of active companies, which compares unfavourably to the UK figure of 36.8%.
This number is 53 companies lower than the previous year.
The highest net company growth figure ever seen in one year came in 2013 when the Penzance company register grew by 63 companies.
Year Penzance UK 2014 10 214,114 2013 63 197,150 2012 44 198,164 2011 37 138,346 2010 -20 58,125 Record Year 2013 (63) 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 Penzance decreased by 2 companies.
Half Year (Jul-Dec) Penzance UK 2014 -2 90,590 2013 33 82,910 Record Year 2003 (62) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
Net company growth for Penzance during the fourth quarter of 2014 (Oct 2014 - Dec 2014) was 3 companies.
fourth quarter (Oct 2014 - Dec 2014) Penzance UK 2014 3 48,846 2013 13 36,396 Record Year 2012 (16) 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 5 -4 2 Net growth in 2013 13 -6 6 Record Year 2013 (13) 2003 (9) 2003 (15)
UK Company Share
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Annual Data (2014)
In 2014 Penzance formed 0.0% of all UK companies. This is no change on 2013 when Penzance was responsible for 0.0% of all UK companies.
Year Penzance 2014 0.0% 2013 0.0% 2012 0.0% 2011 0.0% 2010 0.0% Record Year (since 1960) 2001 (0.0%) Company Share by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 Penzance formed 0.0% of all UK companies. This is the same as the 2013 figure of 0.0%.
Half Year (Jul-Dec) Penzance 2014 0.0% 2013 0.0% 2012 0.0% 2011 0.0% 2010 0.0% Record Year (since 1960) 2003 (0.0%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
In the fourth quarter of 2014, Penzance formed 0.0% of all UK companies.
fourth quarter (Oct 2014 - Dec 2014) Penzance 2014 0.0% 2013 0.0% 2012 0.0% 2011 0.0% 2010 0.0% Record Year (since 1960) 1965 (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 -32.9% -5.4% -29.9% Record Year 1965 (0.2%) 1992 (0.1%) 1970 (0.1%)
Director Age
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Annual Data (2014)
The average age of a director in 2014 was 47.0.
The percentage of directors under the age of 25 was 7.3% compared to the UK figure of 4.0%.
The percentage of directors over the age of 65 was 2.2% 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 45.9.
The percentage of directors under the age of 25 was 8.4% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 2.1% 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 43.2.
The percentage of directors under the age of 25 was 5.6% compared to the UK figure of 3.8%.
The percentage of directors over the age of 65 was 1.4% 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 Penzance was 1980 when 50.0% of all directors were female.
The percentage of female directors in Penzance in 2014 was 36.6%. 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 Penzance was 2013 when 48.4% of all directors were female.
38.5% of all director appointments in Penzance 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 Penzance was in 2013 when 46.9% of all directors were female.
36.1% of all director appointments in Penzance 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 PZ 1.52% CONSULTING 5.22% CIC 1.14% MANAGEMENT 4.58% CLEANING 1.14% CONSULTANCY 3.57% CORNWALL 1.14% PROPERTY 2.66% CONSULTANCY 1.14% CONSTRUCTION 2.12% ANY 0.76% ENGINEERING 2.10% OFFICE 0.76% CARE 2.02% MOYLE 0.76% TRADING 1.94% HEATING 0.76% LONDON 1.93% BY 0.76% TRANSPORT 1.93% TONGXINDAO 0.76% DESIGN 1.66% (CORNWALL) 0.76% CONSULTANTS 1.64% TRAINING 0.76% ELECTRICAL 1.62% BUSINESS 0.76% PROPERTIES 1.62% CLOTHING 0.76% BUSINESS 1.56% BEISHUANG 0.76% J 1.54% STUDIO 0.76% CO., 1.50% POWER 0.76% GLOBAL 1.49% MAGAZINE 0.76% INVESTMENTS 1.48% CENTRE 0.38% ASSOCIATES 1.47% DAY 0.38% DEVELOPMENTS 1.35% WILLS 0.38% MEDIA 1.33% TRAVEL 0.38% IT 1.31% MOOLENAAR 0.38% BUILDING 1.29% WALKER 0.38% 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 55 265,608 99999 - Dormant Company 18 48,509 56101 - Licensed restaurants 10 8,782 43220 - Plumbing, heat and air-conditioning installation 8 5,189 41100 - Development of building projects 8 11,397 68209 - Other letting and operating of own or leased real estate 8 11,212 82990 - Other business support service activities not elsewhere classified 6 58,068 86900 - Other human health activities 5 12,976 41202 - Construction of domestic buildings 5 7,559 74990 - Non-trading company 5 13,984 43999 - Other specialised construction activities not elsewhere classified 4 8,761 56302 - Public houses and bars 4 6,285 62090 - Other information technology service activities 3 12,837 98000 - Residents property management 3 5,255 93199 - Other sports activities 3 4,176 43390 - Other building completion and finishing 3 5,931 63990 - Other information service activities not elsewhere classified 3 6,157 35110 - Production of electricity 3 2,551 43210 - Electrical installation 3 5,985 68100 - Buying and selling of own real estate 3 7,106
Recent Companies
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Randomly selected companies from this quarter
COMPANY NUMBER COMPANY NAME INCORPORATION DATE 09333963 MJS PENZANCE LIMITED 01 Dec 2014 09346104 CRYSTAL CLEAR PROFESSIONAL CLEANING LIMITED 08 Dec 2014 09346342 WELLYDOG LIMITED 08 Dec 2014 09351618 ELEGEN LIMITED 11 Dec 2014 09359915 ISLES OF SCILLY TRAVEL LIMITED 18 Dec 2014 09362869 WILLS TRANSPORTATION LIMITED 19 Dec 2014 09342194 CORNISH BY NATURE LTD 05 Dec 2014 09351341 MOWHAY 1975 LIMITED 11 Dec 2014 09366307 OUR STORYLINES CIC 23 Dec 2014