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
New Company Registrations
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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.
Year Truro UK 2014 488 582,051 2013 492 529,363 2012 476 491,893 2011 470 452,870 2010 464 400,358 Record Year 2013 (492) 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 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) Truro UK 2014 243 281,320 2013 230 259,931 % change 5.7% 8.2% Record Year 2014 (243) 2014 (281,320) New Companies by Half Year
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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) Truro UK 2014 122 137,906 2013 95 127,247 % change 28.4% 8.4% Record Year 2014 (122) 2014 (137,906) New Companies by Quarter
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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
October November December New companies in 2014 44 45 33 New companies in 2013 42 30 23 % change 4.8% 50.0% 43.5% Record Year 2012 (51) 2014 (45) 2002 (35)
Closed Companies (dissolved)
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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.
Year Truro UK 2014 269 367,937 2013 210 332,213 2012 284 293,729 2011 320 314,524 2010 206 342,233 Record Year 2011 (320) 2009 (533,789) Dissolved Companies by Year
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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) Truro UK 2014 124 190,730 2013 135 177,021 % change -8.1% 7.7% Record Year 2011 (200) 2009 (244,544) Dissolved Companies by Half Year
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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) Truro UK 2014 52 89,060 2013 59 90,851 % change -11.9% -2.0% Record Year 2011 (100) 2013 (90,851) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Dissolved Companies by Month
October November December Closed companies in 2014 19 10 23 Closed companies in 2013 23 17 19 % change -17.4% -41.2% 21% Record Year 2012 (24) 2011 (47) 2011 (32)
Net Company Growth
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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.
Year Truro UK 2014 219 214,114 2013 282 197,150 2012 192 198,164 2011 150 138,346 2010 258 58,125 Record Year 2013 (282) 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 Truro increased by 119 companies.
Half Year (Jul-Dec) Truro UK 2014 119 90,590 2013 95 82,910 Record Year 2002 (157) 2003 (117,772) Net Growth by Half Year
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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) Truro UK 2014 70 48,846 2013 36 36,396 Record Year 2014 (70) 2012 (49,848) Net Growth by Quarter
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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
October November December Net growth in 2014 25 35 10 Net growth in 2013 19 13 4 Record Year 2008 (29) 2014 (35) 2002 (30)
UK Company Share
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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.
Year Truro 2014 0.1% 2013 0.1% 2012 0.1% 2011 0.1% 2010 0.1% Record Year (since 1960) 2002 (0.1%) Company Share by Year
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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 2014 0.1% 2013 0.1% 2012 0.1% 2011 0.1% 2010 0.1% Record Year (since 1960) 2002 (0.1%) Company Share by Half Year
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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 2014 0.1% 2013 0.1% 2012 0.1% 2011 0.1% 2010 0.1% Record Year (since 1960) 2002 (0.2%) 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 0.1% 0.1% 0.1% UK formation share in 2013 0.1% 0.1% 0.1% % change -0.4% 42.4% 22.9% Record Year 2002 (0.1%) 2002 (0.2%) 2002 (0.2%)
Director Age
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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
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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
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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
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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
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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
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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
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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 SUNSAVE 2.84% CONSULTING 5.22% BARS 2.60% MANAGEMENT 4.58% PARITY 2.48% CONSULTANCY 3.57% CORNWALL 1.65% PROPERTY 2.66% MANAGEMENT 1.42% CONSTRUCTION 2.12% SELF 1.30% ENGINEERING 2.10% TRURO 1.18% CARE 2.02% CONSULTING 0.95% TRADING 1.94% (CORNWALL) 0.95% LONDON 1.93% DESIGN 0.95% TRANSPORT 1.93% ENGINEERING 0.95% DESIGN 1.66% WEST 0.83% CONSULTANTS 1.64% KERNOW 0.83% ELECTRICAL 1.62% CONSTRUCTION 0.83% PROPERTIES 1.62% (TRURO) 0.83% BUSINESS 1.56% DEVELOPMENTS 0.71% J 1.54% FARM 0.71% CO., 1.50% CONSULTANCY 0.71% GLOBAL 1.49% STORAGE 0.71% INVESTMENTS 1.48% TRADING 0.71% ASSOCIATES 1.47% STORE 0.71% DEVELOPMENTS 1.35% PROPERTY 0.71% MEDIA 1.33% ELECTRICAL 0.59% IT 1.31% FOR 0.59% BUILDING 1.29% R 0.59% 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 179 265,608 35110 - Production of electricity 81 2,551 99999 - Dormant Company 58 48,509 74909 - Other professional, scientific and technical activities not elsewhere classified 42 19,049 70229 - Management consultancy activities other than financial management 34 42,290 41100 - Development of building projects 22 11,397 96090 - Other service activities not elsewhere classified 21 29,009 82990 - Other business support service activities not elsewhere classified 19 58,068 86900 - Other human health activities 17 12,976 74990 - Non-trading company 15 13,984 62020 - Information technology consultancy activities 14 30,178 62090 - Other information technology service activities 13 12,837 56101 - Licensed restaurants 12 8,782 86230 - Dental practice activities 10 2,164 56302 - Public houses and bars 10 6,285 58190 - Other publishing activities 10 2,641 47910 - Retail sale via mail order houses or via Internet 9 10,107 71129 - Other engineering activities 9 6,132 64999 - Financial intermediation not elsewhere classified 9 6,083 58210 - Publishing of computer games 9 296
Recent Companies
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Randomly selected companies from this quarter
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