Suffolk

2014 Annual Business Confidence Report

Headlines

  • 2014 was a record year for company registrations in Suffolk when compared to any year in history.
  • The second half of 2014 saw a new record in company registrations in Suffolk when compared to any previous second half year.
  • Q4 2014 saw a new record in company registrations in Suffolk when compared to any previous Q4.
  • December 2014 saw a new record in company registrations in Suffolk when compared to any previous December.
  • October 2014 saw a new record in company registrations in Suffolk when compared to any previous October.
  • The second half of 2014 saw a new record in company closures in Suffolk when compared to any previous second half year.
  • November 2014 saw a new record in company closures in Suffolk 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 (2014)

    2014 was a record year for company registrations in Suffolk when compared to any year in history.

    A total of 3,602 companies were formed in Suffolk in 2014. This total is 7.1% higher than in 2013 and compares equally to the UK figure of a 10.0% growth compared to 529,363 the previous year.

    YearSuffolkUK
    20143,602582,051
    20133,362529,363
    20123,257491,893
    20113,180452,870
    20102,724400,358
    Record Year2014 (3,602)2014 (582,051)
    New Companies by Year
  2. Half Year Data (Jul-Dec 2014)

    The second half of 2014 saw a new record in company registrations in Suffolk when compared to any previous second half year.

    In the second half of 2014 a total of 1,711 companies were formed in Suffolk. This figure is 8.2% higher than last year, which compares equally to the UK wide figure of 8.2%.

    The highest total for a second half year in Suffolk occurred in 2014 when a total of 1,711 were formed.

    Half Year (Jul-Dec)SuffolkUK
    20141,711281,320
    20131,582259,931
    % change8.2%8.2%
    Record Year2014 (1,711)2014 (281,320)
    New Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    Q4 2014 saw a new record in company registrations in Suffolk when compared to any previous Q4.

    A total of 847 companies were registered in Suffolk during the fourth quarter of 2014 (Oct 2014 - Dec 2014).

    This figure is an increase of 10.9% 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)SuffolkUK
    2014847137,906
    2013764127,247
    % change10.9%8.4%
    Record Year 2014 (847) 2014 (137,906)
    New Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    December 2014 saw a new record in company registrations in Suffolk when compared to any previous December.

    October 2014 saw a new record in company registrations in Suffolk when compared to any previous October.

    New Companies by Month
    OctoberNovemberDecember
    New companies in 2014326270251
    New companies in 2013313244207
    % change4.2%10.7%21.3%
    Record Year2014 (326)2011 (312)2014 (251)

Closed Companies (dissolved)

  1. Annual Data (2014)

    A total of 2,359 companies were dissolved in Suffolk in 2014. This total is 10.0% higher than in 2013 and compares unfavourably to the UK figure of 10.8% growth compared to the previous year.

    YearSuffolkUK
    20142,359367,937
    20132,144332,213
    20121,883293,729
    20112,005314,524
    20102,143342,233
    Record Year2009 (2,674)2009 (533,789)
    Dissolved Companies by Year
  2. Half Year Data (Jul-Dec 2014)

    The second half of 2014 saw a new record in company closures in Suffolk when compared to any previous second half year.

    In the second half of 2014 a total of 1,228 companies were dissolved in Suffolk. This figure is 16.6% higher than last year, which compares badly to the UK wide change of 7.7%.

    The highest total for a second half year in Suffolk occurred in 2014 when a total of 1,228 were closed.

    Half Year (Jul-Dec)SuffolkUK
    20141,228190,730
    20131,053177,021
    % change16.6%7.7%
    Record Year2014 (1,228)2009 (244,544)
    Dissolved Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    A total of 559 companies were dissolved in Suffolk during the fourth quarter of 2014 (Oct 2014 - Dec 2014).

    This figure is an increase of 5.1% 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)SuffolkUK
    201455989,060
    201353290,851
    % change5.1%-2.0%
    Record Year 2014 (559) 2013 (90,851)
    Dissolved Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    November 2014 saw a new record in company closures in Suffolk when compared to any previous November.

    Dissolved Companies by Month
    OctoberNovemberDecember
    Closed companies in 2014154206199
    Closed companies in 2013191179162
    % change-19.4%15.1%23%
    Record Year2012 (221)2014 (206)2009 (224)

Net Company Growth

  1. Annual Data (2014)

    A total of 1,243 companies were added to the company register for Suffolk in 2014. This number represents growth of 34.5% in the total number of active companies, which compares unfavourably to the UK figure of 36.8%.

    This number is 25 companies higher than the previous year.

    The highest net company growth figure ever seen in one year came in 2012 when the Suffolk company register grew by 1,374 companies.

    YearSuffolkUK
    20141,243214,114
    20131,218197,150
    20121,374198,164
    20111,175138,346
    201058158,125
    Record Year2012 (1,374)2007 (237,353)
    Net Growth by Year
  2. Half Year Data (Jul-Dec 2014)

    In the second half of 2014 the company register for Suffolk increased by 483 companies.

    Half Year (Jul-Dec)SuffolkUK
    201448390,590
    201352982,910
    Record Year2003 (997)2003 (117,772)
    Net Growth by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    Net company growth for Suffolk during the fourth quarter of 2014 (Oct 2014 - Dec 2014) was 288 companies.

    fourth quarter (Oct 2014 - Dec 2014)SuffolkUK
    201428848,846
    201323236,396
    Record Year 2012 (324) 2012 (49,848)
    Net Growth by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    Net Growth by Month
    OctoberNovemberDecember
    Net growth in 20141726452
    Net growth in 20131226545
    Record Year2003 (257)2003 (144)2003 (137)

UK Company Share

  1. Annual Data (2014)

    In 2014 Suffolk formed 0.6% of all UK companies. This is no change on 2013 when Suffolk was responsible for 0.6% of all UK companies.

    YearSuffolk
    20140.6%
    20130.6%
    20120.7%
    20110.7%
    20100.7%
    Record Year (since 1960)2000 (1.0%)
    Company Share by Year
  2. Half Year Data (Jul-Dec 2014)

    In the second half of 2014 Suffolk formed 0.6% of all UK companies. This is the same as the 2013 figure of 0.6%.

    Half Year (Jul-Dec)Suffolk
    20140.6%
    20130.6%
    20120.7%
    20110.7%
    20100.6%
    Record Year (since 1960) 2002 (0.9%)
    Company Share by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    In the fourth quarter of 2014, Suffolk formed 0.6% of all UK companies.

    fourth quarter (Oct 2014 - Dec 2014)Suffolk
    20140.6%
    20130.6%
    20120.7%
    20110.7%
    20100.6%
    Record Year (since 1960) 1990 (0.9%)
    Company Share by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    Company Share by Month
    OctoberNovemberDecember
    UK formation share in 20140.6%0.6%0.6%
    UK formation share in 20130.6%0.6%0.6%
    % change-0.9%5.1%3.8%
    Record Year1993 (1.1%)2002 (0.9%)1992 (1.0%)

Director Age

  1. Annual Data (2014)

    The average age of a director in 2014 was 45.1.

    The percentage of directors under the age of 25 was 5.1% compared to the UK figure of 4.0%.

    The percentage of directors over the age of 65 was 3.4% compared to the UK figure of 4.0%.

    Director Age by Year
  2. Half Year Data (Jul-Dec 2014)

    The average age of a director in the second half of 2014 was 44.8.

    The percentage of directors under the age of 25 was 5.4% compared to the UK figure of 3.7%.

    The percentage of directors over the age of 65 was 3.6% compared to the UK figure of 4.5%.

    Director Age by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    The average age of a director in the fourth quarter of 2014 was 44.7.

    The percentage of directors under the age of 25 was 4.5% compared to the UK figure of 3.8%.

    The percentage of directors over the age of 65 was 3.4% compared to the UK figure of 4.5%.

    Director Age by Quarter

Director Gender

  1. Annual Data (2014)

    The record year for female directors in Suffolk was 2003 when 34.6% of all directors were female.

    The percentage of female directors in Suffolk in 2014 was 28.4%. The average for the UK during this time was 26.1%

    Director Gender by Year
  2. Half Year Data (Jul-Dec 2014)

    The record second half year for female directors in Suffolk was 2007 when 34.0% of all directors were female.

    29.6% of all director appointments in Suffolk 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
  3. Quarterly Data (Q4 Oct-Dec 2014)

    The record fourth quarter for female directors in Suffolk was in 2006 when 34.2% of all directors were female.

    29.1% of all director appointments in Suffolk 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

  1. Previous 12 months (Dec 2013-Dec 2014)

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

    wordpercentageuk worduk percentage
    CONSULTING1.49%CONSULTING5.22%
    MANAGEMENT1.32%MANAGEMENT4.58%
    SUFFOLK1.25%CONSULTANCY3.57%
    PROPERTY1.14%PROPERTY2.66%
    CONSULTANCY1.14%CONSTRUCTION2.12%
    J0.92%ENGINEERING2.10%
    ELECTRICAL0.88%CARE2.02%
    DEVELOPMENTS0.88%TRADING1.94%
    ENGINEERING0.77%LONDON1.93%
    CONSTRUCTION0.77%TRANSPORT1.93%
    S0.70%DESIGN1.66%
    DESIGN0.70%CONSULTANTS1.64%
    CARE0.70%ELECTRICAL1.62%
    IPSWICH0.68%PROPERTIES1.62%
    TRANSPORT0.66%BUSINESS1.56%
    M0.64%J1.54%
    R0.61%CO.,1.50%
    ASSOCIATES0.61%GLOBAL1.49%
    LOGISTICS0.61%INVESTMENTS1.48%
    CONSULTANTS0.57%ASSOCIATES1.47%
    C0.57%DEVELOPMENTS1.35%
    PROPERTIES0.55%MEDIA1.33%
    D0.55%IT1.31%
    EAST0.53%BUILDING1.29%
    TRAINING0.53%M1.22%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied1,311265,608
    70229 - Management consultancy activities other than financial management29342,290
    99999 - Dormant Company28248,509
    82990 - Other business support service activities not elsewhere classified24758,068
    96090 - Other service activities not elsewhere classified16829,009
    62020 - Information technology consultancy activities16730,178
    74909 - Other professional, scientific and technical activities not elsewhere classified14919,049
    41100 - Development of building projects10111,397
    43999 - Other specialised construction activities not elsewhere classified928,761
    49410 - Freight transport by road8610,842
    86900 - Other human health activities8112,976
    68209 - Other letting and operating of own or leased real estate7511,212
    62090 - Other information technology service activities7112,837
    74990 - Non-trading company6813,984
    45200 - Maintenance and repair of motor vehicles685,425
    47910 - Retail sale via mail order houses or via Internet6710,107
    43220 - Plumbing, heat and air-conditioning installation675,189
    43210 - Electrical installation635,985
    56103 - Take-away food shops and mobile food stands628,318
    41202 - Construction of domestic buildings617,559

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    09251902 PEMBROKE UMBRELLA LIMITED 07 Oct 2014
    09259437 RENT RIGHT (LONDON) LIMITED 10 Oct 2014
    09272458 J D MIDWOOD LTD 21 Oct 2014
    09276599 MORRIS RACING LIMITED 23 Oct 2014
    09283732 KNAPPETT ROOFING LIMITED 28 Oct 2014
    09286157 N W ACCOUNTANCY (NKT) LIMITED 29 Oct 2014
    09246040 HL HIRE LIMITED 02 Oct 2014
    09259809 BUENDIA-LUTERO LTD 13 Oct 2014
    09270788 CLONAKILTY LIMITED 20 Oct 2014
    09276617 J5 LTD 23 Oct 2014
    09285208 JOSIE HART LIMITED 29 Oct 2014
    09242940 ICENI CHEMICALS (EA) LIMITED 01 Oct 2014
    09272712 KIXSTAR DRAGON TAEKWONDO ACADEMY LTD 21 Oct 2014
    09274688 FRIARS STREET DENTAL LTD 22 Oct 2014
    09258441 FIGTREE HOUSE LIMITED 10 Oct 2014
    09261952 CARFOOT HAULAGE LIMITED 13 Oct 2014
    09272543 KGV SOCIAL CLUB LTD 21 Oct 2014
    09282992 BELEJ LIMITED 27 Oct 2014
    09286272 DBM SERVERS LTD 29 Oct 2014
    09290670 SHUCK CREATIVE LIMITED 31 Oct 2014
    09245105 SASALI LTD 02 Oct 2014
    09250628 SENCORP LTD 06 Oct 2014
    09265566 MERCHANT TRANSPORT LIMITED 15 Oct 2014
    09271506 WORK LOCAL (EAST ANGLIA) LTD 20 Oct 2014
    09275748 IPI PROPERTY TRAINING LTD 22 Oct 2014