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

  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 (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.

    YearSomersetUK
    20124,038491,893
    20113,834452,870
    20103,249400,358
    20092,934362,675
    20082,999349,203
    Record Year2012 (4,038)2012 (491,893)
    New Companies by Year
  2. 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)SomersetUK
    20121,934238,743
    20111,906224,135
    % change1.5%6.5%
    Record Year2012 (1,934)2012 (238,743)
    New Companies by Half Year
  3. 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)SomersetUK
    2012950119,875
    2011922109,623
    % change3.0%9.4%
    Record Year 2012 (950) 2012 (119,875)
    New Companies by Quarter
  4. 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
    OctoberNovemberDecember
    New companies in 2012401307242
    New companies in 2011335336251
    % change19.7%-8.6%-3.6%
    Record Year2012 (401)2011 (336)2002 (291)

Closed Companies (dissolved)

  1. 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.

    YearSomersetUK
    20122,198293,728
    20112,285314,524
    20102,588342,233
    20093,316533,787
    20081,700237,873
    Record Year2009 (3,316)2009 (533,787)
    Dissolved Companies by Year
  2. 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)SomersetUK
    20121,130145,934
    20111,100152,213
    % change2.7%-4.1%
    Record Year2009 (1,466)2009 (244,543)
    Dissolved Companies by Half Year
  3. 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)SomersetUK
    201255170,026
    201156779,983
    % change-2.8%-12.4%
    Record Year 2009 (629) 2009 (85,139)
    Dissolved Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2012)

    Dissolved Companies by Month
    OctoberNovemberDecember
    Closed companies in 2012238183130
    Closed companies in 2011132233202
    % change80.3%-21.5%-36%
    Record Year2010 (253)2010 (242)2009 (229)

Net Company Growth

  1. 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.

    YearSomersetUK
    20121,840198,165
    20111,549138,346
    201066158,125
    2009-382-171,112
    20081,299111,330
    Record Year2003 (2,788)2003 (242,541)
    Net Growth by Year
  2. 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)SomersetUK
    201280492,809
    201180671,922
    Record Year2003 (1,261)2003 (117,772)
    Net Growth by Half Year
  3. 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)SomersetUK
    201239949,849
    201135529,640
    Record Year 2003 (638) 2003 (57,175)
    Net Growth by Quarter
  4. Monthly Data (Oct, Nov & Dec 2012)

    Net Growth by Month
    OctoberNovemberDecember
    Net growth in 2012163124112
    Net growth in 201120310349
    Record Year2003 (278)2003 (203)2002 (214)

UK Company Share

  1. 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.

    YearSomerset
    20120.8%
    20110.8%
    20100.8%
    20090.8%
    20080.9%
    Record Year (since 1960)1981 (1.2%)
    Company Share by Year
  2. 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
    20120.8%
    20110.9%
    20100.8%
    20090.8%
    20080.8%
    Record Year (since 1960) 1990 (1.2%)
    Company Share by Half Year
  3. 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
    20120.8%
    20110.8%
    20100.8%
    20090.8%
    20080.8%
    Record Year (since 1960) 1974 (1.3%)
    Company Share by Quarter
  4. Monthly Data (Oct, Nov & Dec 2012)

    Company Share by Month
    OctoberNovemberDecember
    UK formation share in 20120.9%0.7%0.8%
    UK formation share in 20110.9%0.8%0.8%
    % change0.6%-13.1%-6.2%
    Record Year1974 (2.1%)1983 (1.3%)1971 (1.4%)

Director Age

  1. 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
  2. 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
  3. 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

  1. 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
  2. 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
  3. 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

  1. Previous 12 months (Dec 2011-Dec 2012)

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

    wordpercentageuk worduk percentage
    MANAGEMENT2.32%CONSULTING5.15%
    CONSULTING1.64%MANAGEMENT4.78%
    CONSULTANCY1.12%CONSULTANCY3.31%
    SOMERSET1.08%PROPERTY2.40%
    J0.90%TRADING2.03%
    BATH0.88%DESIGN1.86%
    PROPERTY0.86%ASSOCIATES1.82%
    PARK0.86%ENGINEERING1.79%
    SOLAR0.82%BUSINESS1.76%
    ENGINEERING0.80%CONSULTANTS1.75%
    FARM0.78%CONSTRUCTION1.69%
    CONSTRUCTION0.72%LONDON1.69%
    HOUSE0.72%MEDIA1.69%
    ASSOCIATES0.70%GLOBAL1.59%
    TRAINING0.68%J1.57%
    BUSINESS0.66%INVESTMENTS1.46%
    WEST0.64%IT1.43%
    MEDIA0.64%CARE1.39%
    DESIGN0.64%PROPERTIES1.34%
    SYSTEMS0.58%M1.26%
    M0.56%BUILDING1.23%
    (SOUTH0.56%ENTERPRISES1.21%
    WEST)0.56%TRAINING1.18%
    ELECTRICAL0.56%ELECTRICAL1.17%
    (SW)0.54%SECURITY1.17%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied1,404236,139
    82990 - Other business support service activities not elsewhere classified32252,427
    99999 - Dormant Company32040,648
    70229 - Management consultancy activities other than financial management31930,396
    62020 - Information technology consultancy activities17823,256
    74909 - Other professional, scientific and technical activities not elsewhere classified15515,572
    96090 - Other service activities not elsewhere classified13122,058
    41100 - Development of building projects1087,980
    62090 - Other information technology service activities10612,291
    74990 - Non-trading company9413,808
    47910 - Retail sale via mail order houses or via Internet876,307
    68209 - Other letting and operating of own or leased real estate856,971
    86900 - Other human health activities797,866
    43999 - Other specialised construction activities not elsewhere classified746,419
    69201 - Accounting and auditing activities716,177
    41202 - Construction of domestic buildings694,882
    62012 - Business and domestic software development637,446
    98000 - Residents property management634,377
    45200 - Maintenance and repair of motor vehicles614,290
    56302 - Public houses and bars614,543

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    08240127 EXELERO LIMITED 04 Oct 2012
    08242979 SPEARHEAD CHINA LTD 05 Oct 2012
    08251423 EZZA LTD 12 Oct 2012
    08252988 AEIR LIMITED 15 Oct 2012
    08257135 UPPER EAST HAYES MANAGEMENT LIMITED 17 Oct 2012
    08258514 KJ GRAPHICS LTD 18 Oct 2012
    08263101 MJR LIVE LTD. 22 Oct 2012
    08264649 NENDRAPRO SOLUTIONS UK LTD 23 Oct 2012
    08272170 VALE ORAL CARE LIMITED 29 Oct 2012
    08276140 DR DOTS LTD 31 Oct 2012
    08237771 CAPITAL BRIEFINGS LIMITED 02 Oct 2012
    08246971 WESCO HOUSEWARES (UK) LTD 10 Oct 2012
    08249781 BAKER BUILDS LTD 11 Oct 2012
    08250560 GROUP 4 WHEELS LIMITED 12 Oct 2012
    08250672 SHERLOK HOMES PROPERTIES LIMITED 12 Oct 2012
    08258115 KINETIC CAPITAL LIMITED 18 Oct 2012
    08260018 SAMAL IT & CONSULTING LIMITED 18 Oct 2012
    08261962 FORTITUDE SPORTS CONSULTING LTD 22 Oct 2012
    08263607 IN STUDENT LIMITED 22 Oct 2012
    08244215 OBERN JOINERY LIMITED 08 Oct 2012
    08255997 VERLY PROJECT MANAGEMENT SOLUTIONS LTD 16 Oct 2012
    08257827 BARNES ACCOUNTANCY LTD 17 Oct 2012
    08234381 AGRI SUPPLIES LIMITED 01 Oct 2012
    08234671 SERENITY BEAUTY DEAN LIMITED 01 Oct 2012
    08238735 FIRST RESPONSE RADIO LIMITED 03 Oct 2012