Truro, Cornwall

Q1 2014 Business Confidence Report

Headlines

  • February 2014 saw a new record in company registrations in Truro when compared to any previous February.

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. Quarterly Data (Q1 Jan-Mar 2014)

    A total of 128 companies were registered in Truro during the first quarter of 2014 (Jan 2014 - Mar 2014).

    This figure is a decrease of 16.9% versus the same period last year (Q1 2013). This figure compares badly to the UK as a whole, which saw an increase of 11.8% against the same period last year.

    first quarter (Jan 2014 - Mar 2014)TruroUK
    2014128150,722
    2013154134,802
    % change-16.9%11.8%
    Record Year 2013 (154) 2007 (166,814)
    New Companies by Quarter
  2. Monthly Data (Jan, Feb & Mar 2014)

    February 2014 saw a new record in company registrations in Truro when compared to any previous February.

    New Companies by Month
    JanuaryFebruaryMarch
    New companies in 2014385040
    New companies in 2013434863
    % change-11.6%4.2%-36.5%
    Record Year2013 (43)2014 (50)2003 (67)

Closed Companies (dissolved)

  1. Quarterly Data (Q1 Jan-Mar 2014)

    A total of 63 companies were dissolved in Truro during the first quarter of 2014 (Jan 2014 - Mar 2014).

    This figure is an increase of 125.0% versus the same period last year (Q1 2013). This figure compares poorly to the UK as a whole, which saw an increase of 5.7% against the same period last year.

    first quarter (Jan 2014 - Mar 2014)TruroUK
    20146382,370
    20132877,914
    % change125.0%5.7%
    Record Year 2012 (83) 2009 (108,066)
    Dissolved Companies by Quarter
  2. Monthly Data (Jan, Feb & Mar 2014)

    Dissolved Companies by Month
    JanuaryFebruaryMarch
    Closed companies in 2014192024
    Closed companies in 20139811
    % change111.1%150.0%118%
    Record Year2006 (42)2006 (24)2009 (40)

Net Company Growth

  1. Quarterly Data (Q1 Jan-Mar 2014)

    Net company growth for Truro during the first quarter of 2014 (Jan 2014 - Mar 2014) was 65 companies.

    first quarter (Jan 2014 - Mar 2014)TruroUK
    20146568,352
    201312656,888
    Record Year 2013 (126) 2007 (111,282)
    Net Growth by Quarter
  2. Monthly Data (Jan, Feb & Mar 2014)

    Net Growth by Month
    JanuaryFebruaryMarch
    Net growth in 2014193016
    Net growth in 2013344052
    Record Year2013 (34)2013 (40)2013 (52)

UK Company Share

  1. Quarterly Data (Q1 Jan-Mar 2014)

    In the first quarter of 2014, Truro formed 0.1% of all UK companies.

    first quarter (Jan 2014 - Mar 2014)Truro
    20140.1%
    20130.1%
    20120.1%
    20110.1%
    20100.1%
    Record Year (since 1960) 2003 (0.2%)
    Company Share by Quarter
  2. Monthly Data (Jan, Feb & Mar 2014)

    Company Share by Month
    JanuaryFebruaryMarch
    UK formation share in 20140.1%0.1%0.1%
    UK formation share in 20130.1%0.1%0.1%
    % change-17.3%-3.8%-47.0%
    Record Year1997 (0.2%)2003 (0.1%)2003 (0.2%)

Director Age

  1. Quarterly Data (Q1 Jan-Mar 2014)

    The average age of a director in the first quarter of 2014 was 47.0.

    The percentage of directors under the age of 25 was 6.7% compared to the UK figure of 4.6%.

    The percentage of directors over the age of 65 was 2.9% compared to the UK figure of 3.5%.

    Director Age by Quarter

Director Gender

  1. Quarterly Data (Q1 Jan-Mar 2014)

    The record first quarter for female directors in Truro was in 2005 when 37.2% of all directors were female.

    24.8% of all director appointments in Truro in the first quarter of 2014 were female. This compares to a UK average of 26.4% for the same period.

    Director Gender by Quarter

Naming Trends

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

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

    wordpercentageuk worduk percentage
    CORNWALL2.83%CONSULTING5.22%
    SPV2.46%MANAGEMENT4.67%
    KS2.46%CONSULTANCY3.49%
    MANAGEMENT1.60%PROPERTY2.64%
    CONSULTING1.35%TRADING2.05%
    (CORNWALL)1.23%LONDON1.88%
    SUNSAVE1.23%ENGINEERING1.86%
    PROPERTY0.86%CARE1.79%
    ACADEMY0.86%CONSTRUCTION1.75%
    J0.86%DESIGN1.75%
    CONSULTANCY0.86%CONSULTANTS1.73%
    TRURO0.86%BUSINESS1.71%
    S0.74%PROPERTIES1.60%
    DEVELOPMENTS0.74%INVESTMENTS1.60%
    ENGINEERING0.74%GLOBAL1.58%
    CONSTRUCTION0.74%J1.48%
    KERNOW0.74%ASSOCIATES1.48%
    (TRURO)0.74%MEDIA1.48%
    FOR0.62%IT1.33%
    TECHNOLOGIES0.62%TRANSPORT1.30%
    TRADING0.62%DEVELOPMENTS1.29%
    ENERGY0.62%BUILDING1.24%
    DESIGN0.62%M1.21%
    HOUSE0.62%CAPITAL1.20%
    ELECTRICAL0.62%ELECTRICAL1.19%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied240280,210
    74909 - Other professional, scientific and technical activities not elsewhere classified7718,491
    99999 - Dormant Company5547,084
    35110 - Production of electricity462,161
    70229 - Management consultancy activities other than financial management3337,882
    82990 - Other business support service activities not elsewhere classified2456,411
    86900 - Other human health activities1810,273
    96090 - Other service activities not elsewhere classified1726,700
    41100 - Development of building projects169,855
    74990 - Non-trading company1614,135
    56101 - Licensed restaurants157,965
    86230 - Dental practice activities132,053
    62020 - Information technology consultancy activities1227,750
    62090 - Other information technology service activities1112,813
    70100 - Activities of head offices94,019
    47910 - Retail sale via mail order houses or via Internet99,358
    58190 - Other publishing activities82,560
    68100 - Buying and selling of own real estate85,920
    47710 - Retail sale of clothing in specialised stores83,066
    98000 - Residents property management84,832

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    08918198 CASTLEDRIVE DEVELOPMENTS LIMITED 03 Mar 2014
    08920547 TRURO HIGH SCHOOL TRADING LIMITED 03 Mar 2014
    08921449 DESIGN AND DRAFTING INTERIORS LIMITED 04 Mar 2014
    08922524 DAVID COLE PROPERTY LTD 04 Mar 2014
    08923419 ONE STOP PRINT SHOP LIMITED 05 Mar 2014
    08925677 NETHERTON'S LTD 06 Mar 2014
    08926917 BUDOCK VEAN HOLIDAYS LIMITED 06 Mar 2014
    08928753 CHIAROSCURO PICTURES LIMITED 07 Mar 2014
    08935896 ADMIRALTY HOUSE FLAT MANAGEMENT LTD 12 Mar 2014
    08938621 R KELLY PLUMBING AND HEATING LIMITED 13 Mar 2014
    08939627 INSPIRE CORNWALL TRAINING LIMITED 14 Mar 2014
    08945471 AVALON LETTING LIMITED 18 Mar 2014
    08945534 ROCKET APARTMENTS LIMITED 18 Mar 2014
    08952789 KERNOW ACCOUNTING LIMITED 21 Mar 2014
    08953593 PENNY'S LAUNDRY SERVICE LIMITED 24 Mar 2014
    08954052 AYR ST IVES LIMITED 24 Mar 2014
    08964109 MA016 LIMITED 27 Mar 2014
    08964173 MA017 LIMITED 28 Mar 2014
    08968915 INOF8 LTD 31 Mar 2014
    08926656 KERNOW ELECTRICAL CONTRACTORS LTD 06 Mar 2014
    08946803 BENALLACK ENTERPRISES LIMITED 19 Mar 2014
    08921426 QUANTUM LEAP TECHNOLOGIES LIMITED 04 Mar 2014
    08938127 S WISDOM TRADING LTD 13 Mar 2014
    08923706 LEAN COMMUNICATIONS LIMITED 05 Mar 2014
    08959819 BORE MECHANIC LTD 26 Mar 2014