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
New Company Registrations
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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.
Year Suffolk UK 2014 3,602 582,051 2013 3,362 529,363 2012 3,257 491,893 2011 3,180 452,870 2010 2,724 400,358 Record Year 2014 (3,602) 2014 (582,051) New Companies by Year
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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) Suffolk UK 2014 1,711 281,320 2013 1,582 259,931 % change 8.2% 8.2% Record Year 2014 (1,711) 2014 (281,320) New Companies by Half Year
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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) Suffolk UK 2014 847 137,906 2013 764 127,247 % change 10.9% 8.4% Record Year 2014 (847) 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 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
October November December New companies in 2014 326 270 251 New companies in 2013 313 244 207 % change 4.2% 10.7% 21.3% Record Year 2014 (326) 2011 (312) 2014 (251)
Closed Companies (dissolved)
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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.
Year Suffolk UK 2014 2,359 367,937 2013 2,144 332,213 2012 1,883 293,729 2011 2,005 314,524 2010 2,143 342,233 Record Year 2009 (2,674) 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 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) Suffolk UK 2014 1,228 190,730 2013 1,053 177,021 % change 16.6% 7.7% Record Year 2014 (1,228) 2009 (244,544) Dissolved Companies by Half Year
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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) Suffolk UK 2014 559 89,060 2013 532 90,851 % change 5.1% -2.0% Record Year 2014 (559) 2013 (90,851) Dissolved Companies by Quarter
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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
October November December Closed companies in 2014 154 206 199 Closed companies in 2013 191 179 162 % change -19.4% 15.1% 23% Record Year 2012 (221) 2014 (206) 2009 (224)
Net Company Growth
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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.
Year Suffolk UK 2014 1,243 214,114 2013 1,218 197,150 2012 1,374 198,164 2011 1,175 138,346 2010 581 58,125 Record Year 2012 (1,374) 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 Suffolk increased by 483 companies.
Half Year (Jul-Dec) Suffolk UK 2014 483 90,590 2013 529 82,910 Record Year 2003 (997) 2003 (117,772) Net Growth by Half Year
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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) Suffolk UK 2014 288 48,846 2013 232 36,396 Record Year 2012 (324) 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 172 64 52 Net growth in 2013 122 65 45 Record Year 2003 (257) 2003 (144) 2003 (137)
UK Company Share
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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.
Year Suffolk 2014 0.6% 2013 0.6% 2012 0.7% 2011 0.7% 2010 0.7% Record Year (since 1960) 2000 (1.0%) Company Share by Year
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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 2014 0.6% 2013 0.6% 2012 0.7% 2011 0.7% 2010 0.6% Record Year (since 1960) 2002 (0.9%) Company Share by Half Year
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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 2014 0.6% 2013 0.6% 2012 0.7% 2011 0.7% 2010 0.6% Record Year (since 1960) 1990 (0.9%) 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 0.6% 0.6% 0.6% UK formation share in 2013 0.6% 0.6% 0.6% % change -0.9% 5.1% 3.8% Record Year 1993 (1.1%) 2002 (0.9%) 1992 (1.0%)
Director Age
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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
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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
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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
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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
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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
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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
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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 CONSULTING 1.49% CONSULTING 5.22% MANAGEMENT 1.32% MANAGEMENT 4.58% SUFFOLK 1.25% CONSULTANCY 3.57% PROPERTY 1.14% PROPERTY 2.66% CONSULTANCY 1.14% CONSTRUCTION 2.12% J 0.92% ENGINEERING 2.10% ELECTRICAL 0.88% CARE 2.02% DEVELOPMENTS 0.88% TRADING 1.94% ENGINEERING 0.77% LONDON 1.93% CONSTRUCTION 0.77% TRANSPORT 1.93% S 0.70% DESIGN 1.66% DESIGN 0.70% CONSULTANTS 1.64% CARE 0.70% ELECTRICAL 1.62% IPSWICH 0.68% PROPERTIES 1.62% TRANSPORT 0.66% BUSINESS 1.56% M 0.64% J 1.54% R 0.61% CO., 1.50% ASSOCIATES 0.61% GLOBAL 1.49% LOGISTICS 0.61% INVESTMENTS 1.48% CONSULTANTS 0.57% ASSOCIATES 1.47% C 0.57% DEVELOPMENTS 1.35% PROPERTIES 0.55% MEDIA 1.33% D 0.55% IT 1.31% EAST 0.53% BUILDING 1.29% TRAINING 0.53% 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 1,311 265,608 70229 - Management consultancy activities other than financial management 293 42,290 99999 - Dormant Company 282 48,509 82990 - Other business support service activities not elsewhere classified 247 58,068 96090 - Other service activities not elsewhere classified 168 29,009 62020 - Information technology consultancy activities 167 30,178 74909 - Other professional, scientific and technical activities not elsewhere classified 149 19,049 41100 - Development of building projects 101 11,397 43999 - Other specialised construction activities not elsewhere classified 92 8,761 49410 - Freight transport by road 86 10,842 86900 - Other human health activities 81 12,976 68209 - Other letting and operating of own or leased real estate 75 11,212 62090 - Other information technology service activities 71 12,837 74990 - Non-trading company 68 13,984 45200 - Maintenance and repair of motor vehicles 68 5,425 47910 - Retail sale via mail order houses or via Internet 67 10,107 43220 - Plumbing, heat and air-conditioning installation 67 5,189 43210 - Electrical installation 63 5,985 56103 - Take-away food shops and mobile food stands 62 8,318 41202 - Construction of domestic buildings 61 7,559
Recent Companies
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Randomly selected companies from this quarter
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