Truro, Cornwall
2010 Annual Business Confidence Report
Contents
New Company Registrations
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Annual Data (2010)
A total of 464 companies were formed in Truro in 2010. This total is 18.7% higher than in 2009 and compares favourably to the UK figure of a 10.4% growth compared to 362,675 the previous year.
Year Truro UK 2010 464 400,358 2009 391 362,675 2008 325 349,203 2007 341 457,649 2006 361 405,440 Record Year 2003 (520) 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 207 companies were formed in Truro. This figure is 7.3% higher than last year, which compares badly to the UK wide figure of 8.8%.
The highest total for a second half year in Truro occurred in 2003 when a total of 235 were formed.
Half Year (Jul-Dec) Truro UK 2010 207 196,609 2009 193 180,654 % change 7.3% 8.8% Record Year 2003 (235) 2003 (201,446) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
A total of 98 companies were registered in Truro during the fourth quarter of 2010 (Oct 2010 - Dec 2010).
This figure is a decrease of 8.4% 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) Truro UK 2010 98 95,117 2009 107 85,983 % change -8.4% 10.6% Record Year 2002 (124) 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 33 40 25 New companies in 2009 33 41 33 % change 0.0% -2.4% -24.2% Record Year 2002 (47) 2002 (42) 2002 (35)
Closed Companies (dissolved)
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Annual Data (2010)
A total of 206 companies were dissolved in Truro in 2010. This total is 17.6% lower than in 2009 and compares favourably to the UK figure of 35.9% decrease compared to the previous year.
Year Truro UK 2010 206 342,232 2009 250 533,773 2008 129 237,901 2007 119 220,295 2006 220 200,166 Record Year 2009 (250) 2009 (533,773) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 a total of 103 companies were dissolved in Truro. This figure is 10.4% lower than last year, which compares badly to the UK wide change of -32.7%.
The highest total for a second half year in Truro occurred in 2005 when a total of 122 were closed.
Half Year (Jul-Dec) Truro UK 2010 103 164,601 2009 115 244,537 % change -10.4% -32.7% Record Year 2005 (122) 2009 (244,537) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
A total of 49 companies were dissolved in Truro during the fourth quarter of 2010 (Oct 2010 - Dec 2010).
This figure is a decrease of 14.0% versus the same period last year (Q4 2009). This figure compares well 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) Truro UK 2010 49 76,896 2009 57 85,136 % change -14.0% -9.7% Record Year 2005 (60) 2009 (85,136) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
Dissolved Companies by Month
October November December Closed companies in 2010 19 14 16 Closed companies in 2009 21 16 20 % change -9.5% -12.5% -20% Record Year 2002 (21) 2005 (34) 2009 (20)
Net Company Growth
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Annual Data (2010)
A total of 258 companies were added to the company register for Truro in 2010. This number represents growth of 66.0% in the total number of active companies, which compares favourably to the UK figure of 16.0%.
This number is 117 companies higher than the previous year.
The highest net company growth figure ever seen in one year came in 2003 when the Truro company register grew by 338 companies.
Year Truro UK 2010 258 58,126 2009 141 -171,098 2008 196 111,302 2007 222 237,354 2006 141 205,274 Record Year 2003 (338) 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 Truro increased by 104 companies.
Half Year (Jul-Dec) Truro UK 2010 104 32,008 2009 78 -63,883 Record Year 2002 (157) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
Net company growth for Truro during the fourth quarter of 2010 (Oct 2010 - Dec 2010) was 49 companies.
fourth quarter (Oct 2010 - Dec 2010) Truro UK 2010 49 18,221 2009 50 847 Record Year 2002 (79) 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 14 26 9 Net growth in 2009 12 25 13 Record Year 2008 (29) 2003 (29) 2002 (30)
UK Company Share
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Annual Data (2010)
In 2010 Truro formed 0.1% of all UK companies. This is no change on 2009 when Truro was responsible for 0.1% of all UK companies.
Year Truro 2010 0.1% 2009 0.1% 2008 0.1% 2007 0.1% 2006 0.1% Record Year (since 1960) 1964 (0.1%) Company Share by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 Truro formed 0.1% of all UK companies. This is the same as the 2009 figure of 0.1%.
Half Year (Jul-Dec) Truro 2010 0.1% 2009 0.1% 2008 0.1% 2007 0.1% 2006 0.1% Record Year (since 1960) 1962 (0.1%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
In the fourth quarter of 2010, Truro formed 0.1% of all UK companies.
fourth quarter (Oct 2010 - Dec 2010) Truro 2010 0.1% 2009 0.1% 2008 0.1% 2007 0.1% 2006 0.1% Record Year (since 1960) 1962 (0.2%) 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 0.1% 0.1% 0.1% UK formation share in 2009 0.1% 0.1% 0.1% % change -12.4% -12.7% -27.9% Record Year 1960 (0.2%) 1969 (0.2%) 1962 (0.6%)
Director Age
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Annual Data (2010)
The average age of a director in 2010 was 47.0.
The percentage of directors under the age of 25 was 1.8% compared to the UK figure of 2.5%.
The percentage of directors over the age of 65 was 7.3% 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 46.5.
The percentage of directors under the age of 25 was 1.6% compared to the UK figure of 2.8%.
The percentage of directors over the age of 65 was 5.6% 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 48.4.
The percentage of directors under the age of 25 was 0.8% compared to the UK figure of 3.0%.
The percentage of directors over the age of 65 was 8.5% 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 Truro was 1857 when 36.4% of all directors were female.
The percentage of female directors in Truro in 2010 was 30.4%. 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 Truro was 1860 when 42.9% of all directors were female.
29.1% of all director appointments in Truro 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 Truro was in 1977 when 31.1% of all directors were female.
29.5% of all director appointments in Truro 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 CORNWALL 2.05% CONSULTING 5.06% MANAGEMENT 1.33% MANAGEMENT 5.01% (CORNWALL) 0.96% CONSULTANCY 3.14% SPV 0.96% PROPERTY 2.36% KS 0.96% TRADING 2.11% PLC 0.84% ASSOCIATES 1.95% TRURO 0.72% DESIGN 1.92% DESIGN 0.72% BUSINESS 1.82% COMMUNITY 0.60% CONSTRUCTION 1.82% MEDICAL 0.60% CONSULTANTS 1.76% DEVELOPMENT 0.60% MEDIA 1.71% CENTRE 0.60% ENGINEERING 1.62% ADMINISTRATION 0.60% LONDON 1.60% FALMOUTH 0.60% CARE 1.45% MARKETING 0.48% INVESTMENTS 1.44% SOFTWARE 0.48% GLOBAL 1.43% PROPERTIES 0.48% J 1.42% CONSTRUCTION 0.48% IT 1.41% FARM 0.48% PROPERTIES 1.34% (SW) 0.48% INTERNATIONAL 1.34% CORNISH 0.48% BUILDING 1.34% M 0.48% M 1.30% C 0.48% ELECTRICAL 1.25% CONSULTING 0.48% SYSTEMS 1.24% TRADING 0.48% 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 103 199,572 7487 - Other business activities 91 63,348 74909 - Other professional, scientific and technical activities not elsewhere classified 46 7,088 9305 - Other service activities 23 8,858 82990 - Other business support service activities not elsewhere classified 18 27,550 74990 - Non-trading company 18 8,243 98000 - Residents property management 15 3,235 96090 - Other service activities not elsewhere classified 14 8,799 9999 - Dormant Company 14 20,144 99999 - Dormant Company 14 16,285 7414 - Business & management consultancy 12 13,474 7499 - Non-trading company 8 12,000 70229 - Management consultancy activities other than financial management 8 14,505 62090 - Other information technology service activities 7 6,330 86230 - Dental practice activities 7 1,222 86900 - Other human health activities 7 3,700 7260 - Other computer related activities 6 8,089 68320 - Management of real estate on a fee or contract basis 6 3,097 5190 - Other wholesale 6 1,447 8514 - Other human health activities 6 2,450
Recent Companies
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Randomly selected companies from this quarter
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