Truro, Cornwall

2014 Annual Business Confidence Report

Headlines

  • The second half of 2014 saw a new record in company registrations in Truro when compared to any previous second half year.
  • November 2014 saw a new record in company registrations in Truro when compared to any previous November.
  • November 2014 saw a new record in net growth in Truro 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)

    A total of 488 companies were formed in Truro in 2014. This total is 0.8% lower than in 2013 and compares poorly to the UK figure of a 10.0% growth compared to 529,363 the previous year.

    YearTruroUK
    2014488582,051
    2013492529,363
    2012476491,893
    2011470452,870
    2010464400,358
    Record Year2013 (492)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 Truro when compared to any previous second half year.

    In the second half of 2014 a total of 243 companies were formed in Truro. This figure is 5.7% higher than last year, which compares badly to the UK wide figure of 8.2%.

    The highest total for a second half year in Truro occurred in 2014 when a total of 243 were formed.

    Half Year (Jul-Dec)TruroUK
    2014243281,320
    2013230259,931
    % change5.7%8.2%
    Record Year2014 (243)2014 (281,320)
    New Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    A total of 122 companies were registered in Truro during the fourth quarter of 2014 (Oct 2014 - Dec 2014).

    This figure is an increase of 28.4% versus the same period last year (Q4 2013). This figure compares well 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)TruroUK
    2014122137,906
    201395127,247
    % change28.4%8.4%
    Record Year 2014 (122) 2014 (137,906)
    New Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

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

    New Companies by Month
    OctoberNovemberDecember
    New companies in 2014444533
    New companies in 2013423023
    % change4.8%50.0%43.5%
    Record Year2012 (51)2014 (45)2002 (35)

Closed Companies (dissolved)

  1. Annual Data (2014)

    A total of 269 companies were dissolved in Truro in 2014. This total is 28.1% higher than in 2013 and compares favourably to the UK figure of 10.8% growth compared to the previous year.

    YearTruroUK
    2014269367,937
    2013210332,213
    2012284293,729
    2011320314,524
    2010206342,233
    Record Year2011 (320)2009 (533,789)
    Dissolved Companies by Year
  2. Half Year Data (Jul-Dec 2014)

    In the second half of 2014 a total of 124 companies were dissolved in Truro. This figure is 8.1% lower than last year, which compares well to the UK wide change of 7.7%.

    The highest total for a second half year in Truro occurred in 2011 when a total of 200 were closed.

    Half Year (Jul-Dec)TruroUK
    2014124190,730
    2013135177,021
    % change-8.1%7.7%
    Record Year2011 (200)2009 (244,544)
    Dissolved Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    A total of 52 companies were dissolved in Truro during the fourth quarter of 2014 (Oct 2014 - Dec 2014).

    This figure is a decrease of 11.9% versus the same period last year (Q4 2013). This figure compares well 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)TruroUK
    20145289,060
    20135990,851
    % change-11.9%-2.0%
    Record Year 2011 (100) 2013 (90,851)
    Dissolved Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    Dissolved Companies by Month
    OctoberNovemberDecember
    Closed companies in 2014191023
    Closed companies in 2013231719
    % change-17.4%-41.2%21%
    Record Year2012 (24)2011 (47)2011 (32)

Net Company Growth

  1. Annual Data (2014)

    A total of 219 companies were added to the company register for Truro in 2014. This number represents growth of 44.9% in the total number of active companies, which compares favourably to the UK figure of 36.8%.

    This number is 63 companies lower than the previous year.

    The highest net company growth figure ever seen in one year came in 2013 when the Truro company register grew by 282 companies.

    YearTruroUK
    2014219214,114
    2013282197,150
    2012192198,164
    2011150138,346
    201025858,125
    Record Year2013 (282)2007 (237,353)
    Net Growth by Year
  2. Half Year Data (Jul-Dec 2014)

    In the second half of 2014 the company register for Truro increased by 119 companies.

    Half Year (Jul-Dec)TruroUK
    201411990,590
    20139582,910
    Record Year2002 (157)2003 (117,772)
    Net Growth by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

    Net company growth for Truro during the fourth quarter of 2014 (Oct 2014 - Dec 2014) was 70 companies.

    fourth quarter (Oct 2014 - Dec 2014)TruroUK
    20147048,846
    20133636,396
    Record Year 2014 (70) 2012 (49,848)
    Net Growth by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    November 2014 saw a new record in net growth in Truro when compared to any previous November.

    Net Growth by Month
    OctoberNovemberDecember
    Net growth in 2014253510
    Net growth in 201319134
    Record Year2008 (29)2014 (35)2002 (30)

UK Company Share

  1. Annual Data (2014)

    In 2014 Truro formed 0.1% of all UK companies. This is no change on 2013 when Truro was responsible for 0.1% of all UK companies.

    YearTruro
    20140.1%
    20130.1%
    20120.1%
    20110.1%
    20100.1%
    Record Year (since 1960)2002 (0.1%)
    Company Share by Year
  2. Half Year Data (Jul-Dec 2014)

    In the second half of 2014 Truro formed 0.1% of all UK companies. This is the same as the 2013 figure of 0.1%.

    Half Year (Jul-Dec)Truro
    20140.1%
    20130.1%
    20120.1%
    20110.1%
    20100.1%
    Record Year (since 1960) 2002 (0.1%)
    Company Share by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2014)

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

    fourth quarter (Oct 2014 - Dec 2014)Truro
    20140.1%
    20130.1%
    20120.1%
    20110.1%
    20100.1%
    Record Year (since 1960) 2002 (0.2%)
    Company Share by Quarter
  4. Monthly Data (Oct, Nov & Dec 2014)

    Company Share by Month
    OctoberNovemberDecember
    UK formation share in 20140.1%0.1%0.1%
    UK formation share in 20130.1%0.1%0.1%
    % change-0.4%42.4%22.9%
    Record Year2002 (0.1%)2002 (0.2%)2002 (0.2%)

Director Age

  1. Annual Data (2014)

    The average age of a director in 2014 was 46.6.

    The percentage of directors under the age of 25 was 6.5% compared to the UK figure of 4.0%.

    The percentage of directors over the age of 65 was 2.1% 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 46.3.

    The percentage of directors under the age of 25 was 6.3% compared to the UK figure of 3.7%.

    The percentage of directors over the age of 65 was 2.2% 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 46.0.

    The percentage of directors under the age of 25 was 6.9% compared to the UK figure of 3.8%.

    The percentage of directors over the age of 65 was 2.8% 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 Truro was 1991 when 39.8% of all directors were female.

    The percentage of female directors in Truro in 2014 was 27.2%. 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 Truro was 2007 when 36.4% of all directors were female.

    29.4% of all director appointments in Truro 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 Truro was in 2007 when 35.5% of all directors were female.

    24.3% of all director appointments in Truro 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
    SUNSAVE2.84%CONSULTING5.22%
    BARS2.60%MANAGEMENT4.58%
    PARITY2.48%CONSULTANCY3.57%
    CORNWALL1.65%PROPERTY2.66%
    MANAGEMENT1.42%CONSTRUCTION2.12%
    SELF1.30%ENGINEERING2.10%
    TRURO1.18%CARE2.02%
    CONSULTING0.95%TRADING1.94%
    (CORNWALL)0.95%LONDON1.93%
    DESIGN0.95%TRANSPORT1.93%
    ENGINEERING0.95%DESIGN1.66%
    WEST0.83%CONSULTANTS1.64%
    KERNOW0.83%ELECTRICAL1.62%
    CONSTRUCTION0.83%PROPERTIES1.62%
    (TRURO)0.83%BUSINESS1.56%
    DEVELOPMENTS0.71%J1.54%
    FARM0.71%CO.,1.50%
    CONSULTANCY0.71%GLOBAL1.49%
    STORAGE0.71%INVESTMENTS1.48%
    TRADING0.71%ASSOCIATES1.47%
    STORE0.71%DEVELOPMENTS1.35%
    PROPERTY0.71%MEDIA1.33%
    ELECTRICAL0.59%IT1.31%
    FOR0.59%BUILDING1.29%
    R0.59%M1.22%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied179265,608
    35110 - Production of electricity812,551
    99999 - Dormant Company5848,509
    74909 - Other professional, scientific and technical activities not elsewhere classified4219,049
    70229 - Management consultancy activities other than financial management3442,290
    41100 - Development of building projects2211,397
    96090 - Other service activities not elsewhere classified2129,009
    82990 - Other business support service activities not elsewhere classified1958,068
    86900 - Other human health activities1712,976
    74990 - Non-trading company1513,984
    62020 - Information technology consultancy activities1430,178
    62090 - Other information technology service activities1312,837
    56101 - Licensed restaurants128,782
    86230 - Dental practice activities102,164
    56302 - Public houses and bars106,285
    58190 - Other publishing activities102,641
    47910 - Retail sale via mail order houses or via Internet910,107
    71129 - Other engineering activities96,132
    64999 - Financial intermediation not elsewhere classified96,083
    58210 - Publishing of computer games9296

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    09336668 CHER VARYA COMMERCIAL LTD 02 Dec 2014
    09343712 BEN ROM CONSULTING LIMITED 05 Dec 2014
    09347974 P&T PROPERTY MANAGEMENT LTD 09 Dec 2014
    09348019 MINX ENTERTAINMENT LIMITED 09 Dec 2014
    09348547 HORIZON IFP LTD 10 Dec 2014
    09349805 TREMLETTS LIMITED 10 Dec 2014
    09352049 EMMA STACEY LIMITED 12 Dec 2014
    09357184 A&H SURGICAL CLEANING SERVICES LTD 16 Dec 2014
    09359269 YOONIC.UK LIMITED 17 Dec 2014
    09360880 JABTORC INVESTMENTS LTD 18 Dec 2014
    09363410 JOLLIMAN CLOTHING LIMITED 22 Dec 2014
    09364738 THE TRURO WINDOW COMPANY LTD 22 Dec 2014
    09368521 FCFM GROUP TRADING I LIMITED 29 Dec 2014
    09368523 FCFM GROUP TRADING II LIMITED 29 Dec 2014
    09340046 MARYS PASTYS LIMITED 03 Dec 2014
    09340229 APT SUBSCRIPTION SERVICES LTD 04 Dec 2014
    09342711 ASIAN PROFESSIONAL AWARDS LTD 05 Dec 2014
    09344843 CITY SIKHS UK LTD 08 Dec 2014
    09344892 CITY SIKHS NETWORK 1 LTD 08 Dec 2014
    09345747 SALIPAY LIMITED 08 Dec 2014
    09356200 LIME HOUSE YOGA LIMITED 16 Dec 2014
    09356533 DELIVERY CHAMPS LTD 16 Dec 2014
    09358798 DIVORCE AND FINANCE SPECIALIST LIMITED 17 Dec 2014
    09364874 TROPICAL PRESSURE LTD. 22 Dec 2014
    09366604 INVENIET OPUS LTD 24 Dec 2014