Somerset
2012 Annual Business Confidence Report
Headlines
- 2012 was a record year for company registrations in Somerset when compared to any year in history.
- The second half of 2012 saw a new record in company registrations in Somerset when compared to any previous second half year.
- Q4 2012 saw a new record in company registrations in Somerset when compared to any previous Q4.
- October 2012 saw a new record in company registrations in Somerset when compared to any previous October.
Contents
New Company Registrations
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Annual Data (2012)
2012 was a record year for company registrations in Somerset when compared to any year in history.
A total of 4,038 companies were formed in Somerset in 2012. This total is 5.3% higher than in 2011 and compares equally to the UK figure of a 8.6% growth compared to 452,870 the previous year.
Year Somerset UK 2012 4,038 491,893 2011 3,834 452,870 2010 3,249 400,358 2009 2,934 362,675 2008 2,999 349,203 Record Year 2012 (4,038) 2012 (491,893) New Companies by Year
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Half Year Data (Jul-Dec 2012)
The second half of 2012 saw a new record in company registrations in Somerset when compared to any previous second half year.
In the second half of 2012 a total of 1,934 companies were formed in Somerset. This figure is 1.5% higher than last year, which compares badly to the UK wide figure of 6.5%.
The highest total for a second half year in Somerset occurred in 2012 when a total of 1,934 were formed.
Half Year (Jul-Dec) Somerset UK 2012 1,934 238,743 2011 1,906 224,135 % change 1.5% 6.5% Record Year 2012 (1,934) 2012 (238,743) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
Q4 2012 saw a new record in company registrations in Somerset when compared to any previous Q4.
A total of 950 companies were registered in Somerset during the fourth quarter of 2012 (Oct 2012 - Dec 2012).
This figure is an increase of 3.0% versus the same period last year (Q4 2011). This figure compares badly to the UK as a whole, which saw an increase of 9.4% against the same period last year.
fourth quarter (Oct 2012 - Dec 2012) Somerset UK 2012 950 119,875 2011 922 109,623 % change 3.0% 9.4% Record Year 2012 (950) 2012 (119,875) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2012)
October 2012 saw a new record in company registrations in Somerset when compared to any previous October.
New Companies by Month
October November December New companies in 2012 401 307 242 New companies in 2011 335 336 251 % change 19.7% -8.6% -3.6% Record Year 2012 (401) 2011 (336) 2002 (291)
Closed Companies (dissolved)
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Annual Data (2012)
A total of 2,198 companies were dissolved in Somerset in 2012. This total is 3.8% lower than in 2011 and compares favourably to the UK figure of 6.6% decrease compared to the previous year.
Year Somerset UK 2012 2,198 293,728 2011 2,285 314,524 2010 2,588 342,233 2009 3,316 533,787 2008 1,700 237,873 Record Year 2009 (3,316) 2009 (533,787) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2012)
In the second half of 2012 a total of 1,130 companies were dissolved in Somerset. This figure is 2.7% higher than last year, which compares badly to the UK wide change of -4.1%.
The highest total for a second half year in Somerset occurred in 2009 when a total of 1,466 were closed.
Half Year (Jul-Dec) Somerset UK 2012 1,130 145,934 2011 1,100 152,213 % change 2.7% -4.1% Record Year 2009 (1,466) 2009 (244,543) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
A total of 551 companies were dissolved in Somerset during the fourth quarter of 2012 (Oct 2012 - Dec 2012).
This figure is a decrease of 2.8% versus the same period last year (Q4 2011). This figure compares poorly to the UK as a whole, which saw a decrease of 12.4% against the same period last year.
fourth quarter (Oct 2012 - Dec 2012) Somerset UK 2012 551 70,026 2011 567 79,983 % change -2.8% -12.4% Record Year 2009 (629) 2009 (85,139) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2012)
Dissolved Companies by Month
October November December Closed companies in 2012 238 183 130 Closed companies in 2011 132 233 202 % change 80.3% -21.5% -36% Record Year 2010 (253) 2010 (242) 2009 (229)
Net Company Growth
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Annual Data (2012)
A total of 1,840 companies were added to the company register for Somerset in 2012. This number represents growth of 48.0% in the total number of active companies, which compares favourably to the UK figure of 43.8%.
This number is 291 companies higher than the previous year.
The highest net company growth figure ever seen in one year came in 2003 when the Somerset company register grew by 2,788 companies.
Year Somerset UK 2012 1,840 198,165 2011 1,549 138,346 2010 661 58,125 2009 -382 -171,112 2008 1,299 111,330 Record Year 2003 (2,788) 2003 (242,541) Net Growth by Year
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Half Year Data (Jul-Dec 2012)
In the second half of 2012 the company register for Somerset increased by 804 companies.
Half Year (Jul-Dec) Somerset UK 2012 804 92,809 2011 806 71,922 Record Year 2003 (1,261) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
Net company growth for Somerset during the fourth quarter of 2012 (Oct 2012 - Dec 2012) was 399 companies.
fourth quarter (Oct 2012 - Dec 2012) Somerset UK 2012 399 49,849 2011 355 29,640 Record Year 2003 (638) 2003 (57,175) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2012)
Net Growth by Month
October November December Net growth in 2012 163 124 112 Net growth in 2011 203 103 49 Record Year 2003 (278) 2003 (203) 2002 (214)
UK Company Share
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Annual Data (2012)
In 2012 Somerset formed 0.8% of all UK companies. This is no change on 2011 when Somerset was responsible for 0.8% of all UK companies.
Year Somerset 2012 0.8% 2011 0.8% 2010 0.8% 2009 0.8% 2008 0.9% Record Year (since 1960) 1981 (1.2%) Company Share by Year
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Half Year Data (Jul-Dec 2012)
In the second half of 2012 Somerset formed 0.8% of all UK companies. This is less than the 2011 figure of 0.9%.
Half Year (Jul-Dec) Somerset 2012 0.8% 2011 0.9% 2010 0.8% 2009 0.8% 2008 0.8% Record Year (since 1960) 1990 (1.2%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
In the fourth quarter of 2012, Somerset formed 0.8% of all UK companies.
fourth quarter (Oct 2012 - Dec 2012) Somerset 2012 0.8% 2011 0.8% 2010 0.8% 2009 0.8% 2008 0.8% Record Year (since 1960) 1974 (1.3%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2012)
Company Share by Month
October November December UK formation share in 2012 0.9% 0.7% 0.8% UK formation share in 2011 0.9% 0.8% 0.8% % change 0.6% -13.1% -6.2% Record Year 1974 (2.1%) 1983 (1.3%) 1971 (1.4%)
Director Age
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Annual Data (2012)
The average age of a director in 2012 was 46.3.
The percentage of directors under the age of 25 was 3.3% compared to the UK figure of 3.8%.
The percentage of directors over the age of 65 was 5.8% compared to the UK figure of 4.1%.
Director Age by Year
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Half Year Data (Jul-Dec 2012)
The average age of a director in the second half of 2012 was 45.9.
The percentage of directors under the age of 25 was 4.0% compared to the UK figure of 4.3%.
The percentage of directors over the age of 65 was 5.0% compared to the UK figure of 4.0%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
The average age of a director in the fourth quarter of 2012 was 45.0.
The percentage of directors under the age of 25 was 4.7% compared to the UK figure of 4.4%.
The percentage of directors over the age of 65 was 4.4% compared to the UK figure of 3.9%.
Director Age by Quarter
Director Gender
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Annual Data (2012)
The record year for female directors in Somerset was 1860 when 35.7% of all directors were female.
The percentage of female directors in Somerset in 2012 was 36.2%. The average for the UK during this time was 29.9%
Director Gender by Year
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Half Year Data (Jul-Dec 2012)
The record second half year for female directors in Somerset was 1860 when 42.9% of all directors were female.
29.9% of all director appointments in Somerset in the second half of 2012 were female. This compares to a UK average of 25.5% for the same period.
Director Gender by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
The record fourth quarter for female directors in Somerset was in 1977 when 31.2% of all directors were female.
29.8% of all director appointments in Somerset in the fourth quarter of 2012 were female. This compares to a UK average of 25.3% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Dec 2011-Dec 2012)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage MANAGEMENT 2.32% CONSULTING 5.15% CONSULTING 1.64% MANAGEMENT 4.78% CONSULTANCY 1.12% CONSULTANCY 3.31% SOMERSET 1.08% PROPERTY 2.40% J 0.90% TRADING 2.03% BATH 0.88% DESIGN 1.86% PROPERTY 0.86% ASSOCIATES 1.82% PARK 0.86% ENGINEERING 1.79% SOLAR 0.82% BUSINESS 1.76% ENGINEERING 0.80% CONSULTANTS 1.75% FARM 0.78% CONSTRUCTION 1.69% CONSTRUCTION 0.72% LONDON 1.69% HOUSE 0.72% MEDIA 1.69% ASSOCIATES 0.70% GLOBAL 1.59% TRAINING 0.68% J 1.57% BUSINESS 0.66% INVESTMENTS 1.46% WEST 0.64% IT 1.43% MEDIA 0.64% CARE 1.39% DESIGN 0.64% PROPERTIES 1.34% SYSTEMS 0.58% M 1.26% M 0.56% BUILDING 1.23% (SOUTH 0.56% ENTERPRISES 1.21% WEST) 0.56% TRAINING 1.18% ELECTRICAL 0.56% ELECTRICAL 1.17% (SW) 0.54% SECURITY 1.17%
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 1,404 236,139 82990 - Other business support service activities not elsewhere classified 322 52,427 99999 - Dormant Company 320 40,648 70229 - Management consultancy activities other than financial management 319 30,396 62020 - Information technology consultancy activities 178 23,256 74909 - Other professional, scientific and technical activities not elsewhere classified 155 15,572 96090 - Other service activities not elsewhere classified 131 22,058 41100 - Development of building projects 108 7,980 62090 - Other information technology service activities 106 12,291 74990 - Non-trading company 94 13,808 47910 - Retail sale via mail order houses or via Internet 87 6,307 68209 - Other letting and operating of own or leased real estate 85 6,971 86900 - Other human health activities 79 7,866 43999 - Other specialised construction activities not elsewhere classified 74 6,419 69201 - Accounting and auditing activities 71 6,177 41202 - Construction of domestic buildings 69 4,882 62012 - Business and domestic software development 63 7,446 98000 - Residents property management 63 4,377 45200 - Maintenance and repair of motor vehicles 61 4,290 56302 - Public houses and bars 61 4,543
Recent Companies
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Randomly selected companies from this quarter
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