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
    08832347 GOV OPHTHALMIC SERVICES LIMITED 06 Jan 2014
    08833362 ABAP GEEK LIMITED 06 Jan 2014
    08836480 SARAH M RANDALL LIMITED 08 Jan 2014
    08840925 BLUU PROJECTS LIMITED 10 Jan 2014
    08845076 APPFOR LIMITED 14 Jan 2014
    08849517 K & K DEVELOPMENTS LIMITED 17 Jan 2014
    08851254 ST. AGNES BARBER SHOP LIMITED 20 Jan 2014
    08853735 PATWIN PROPERTIES LIMITED 21 Jan 2014
    08858740 OCEANS REACH (CORNWALL) LTD. 23 Jan 2014
    08861473 MAZBROOK (TRURO) LIMITED 27 Jan 2014
    08861807 DIAMOND OXIDATION TECHNOLOGIES LIMITED 27 Jan 2014
    08861897 RADICAL OXIDATION SYSTEMS LIMITED 27 Jan 2014
    08862274 M J ENGLAND STRATEGIC MANAGEMENT SERVICES LIMITED 27 Jan 2014
    08863583 DEVINGTON ESTATES LIMITED 27 Jan 2014
    08863853 CARING FOR THE RECENTLY DECEASED LIMITED 28 Jan 2014
    08833528 BESPOKE SOCIAL WORK LTD. 06 Jan 2014
    08829940 KERNOW LEARNING 4 WORK LTD. 02 Jan 2014
    08834890 CHIPSTER ENGINEERING LIMITED 07 Jan 2014
    08831701 SYNTHESIS OFFICE LTD 03 Jan 2014
    08838034 A BYATT CONSULTANCY LTD 09 Jan 2014
    08840074 ATELIER GOTTELIER LIMITED 10 Jan 2014
    08843578 INFORMATION REVOLUTION LTD 14 Jan 2014
    08860141 FUSION 24 SYSTEMS LIMITED 24 Jan 2014
    08864398 SPECIALIST STONEMASONRY LTD 28 Jan 2014
    08869056 FRAGCAST LTD 30 Jan 2014