Somerset
2013 Annual Business Confidence Report
NOTICE: We have improved our calculations of the statistics in these reports, so some figures and records may not match previous reports.
Headlines
- 2013 was a record year for company registrations in Somerset when compared to any year in history.
- The second half of 2013 saw a new record in company registrations in Somerset when compared to any previous second half year.
- Q4 2013 saw a new record in company registrations in Somerset when compared to any previous Q4.
- November 2013 saw a new record in company registrations in Somerset when compared to any previous November.
- December 2013 saw a new record in company closures in Somerset when compared to any previous December.
Contents
New Company Registrations
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Annual Data (2013)
2013 was a record year for company registrations in Somerset when compared to any year in history.
A total of 4,134 companies were formed in Somerset in 2013. This total is 2.4% higher than in 2012 and compares poorly to the UK figure of a 7.6% growth compared to 491,893 the previous year.
Year Somerset UK 2013 4,134 529,363 2012 4,038 491,893 2011 3,834 452,870 2010 3,249 400,358 2009 2,934 362,675 Record Year 2013 (4,134) 2013 (529,363) New Companies by Year
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Half Year Data (Jul-Dec 2013)
The second half of 2013 saw a new record in company registrations in Somerset when compared to any previous second half year.
In the second half of 2013 a total of 1,997 companies were formed in Somerset. This figure is 3.3% higher than last year, which compares badly to the UK wide figure of 8.9%.
The highest total for a second half year in Somerset occurred in 2013 when a total of 1,997 were formed.
Half Year (Jul-Dec) Somerset UK 2013 1,997 259,931 2012 1,934 238,743 % change 3.3% 8.9% Record Year 2013 (1,997) 2013 (259,931) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
Q4 2013 saw a new record in company registrations in Somerset when compared to any previous Q4.
A total of 960 companies were registered in Somerset during the fourth quarter of 2013 (Oct 2013 - Dec 2013).
This figure is an increase of 1.1% versus the same period last year (Q4 2012). This figure compares badly to the UK as a whole, which saw an increase of 6.1% against the same period last year.
fourth quarter (Oct 2013 - Dec 2013) Somerset UK 2013 960 127,247 2012 950 119,875 % change 1.1% 6.1% Record Year 2013 (960) 2013 (127,247) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2013)
November 2013 saw a new record in company registrations in Somerset when compared to any previous November.
New Companies by Month
October November December New companies in 2013 361 367 232 New companies in 2012 401 307 242 % change -10.0% 19.5% -4.1% Record Year 2012 (401) 2013 (367) 2002 (291)
Closed Companies (dissolved)
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Annual Data (2013)
A total of 2,470 companies were dissolved in Somerset in 2013. This total is 12.4% higher than in 2012 and compares unfavourably to the UK figure of 13.1% growth compared to the previous year.
Year Somerset UK 2013 2,470 332,213 2012 2,198 293,729 2011 2,285 314,524 2010 2,588 342,233 2009 3,316 533,789 Record Year 2009 (3,316) 2009 (533,789) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2013)
In the second half of 2013 a total of 1,290 companies were dissolved in Somerset. This figure is 14.2% higher than last year, which compares well to the UK wide change of 21.3%.
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 2013 1,290 177,021 2012 1,130 145,935 % change 14.2% 21.3% Record Year 2009 (1,466) 2009 (244,544) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
A total of 682 companies were dissolved in Somerset during the fourth quarter of 2013 (Oct 2013 - Dec 2013).
This figure is an increase of 23.8% versus the same period last year (Q4 2012). This figure compares well to the UK as a whole, which saw an increase of 29.7% against the same period last year.
fourth quarter (Oct 2013 - Dec 2013) Somerset UK 2013 682 90,851 2012 551 70,027 % change 23.8% 29.7% Record Year 2013 (682) 2013 (90,851) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2013)
December 2013 saw a new record in company closures in Somerset when compared to any previous December.
Dissolved Companies by Month
October November December Closed companies in 2013 241 173 268 Closed companies in 2012 238 183 130 % change 1.3% -5.5% 106% Record Year 2010 (253) 2010 (242) 2013 (268)
Net Company Growth
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Annual Data (2013)
A total of 1,664 companies were added to the company register for Somerset in 2013. This number represents growth of 40.3% in the total number of active companies, which compares favourably to the UK figure of 37.2%.
This number is 176 companies lower than the previous year.
The highest net company growth figure ever seen in one year came in 2007 when the Somerset company register grew by 1,864 companies.
Year Somerset UK 2013 1,664 197,150 2012 1,840 198,164 2011 1,549 138,346 2010 661 58,125 2009 -382 -171,114 Record Year 2007 (1,864) 2007 (237,353) Net Growth by Year
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Half Year Data (Jul-Dec 2013)
In the second half of 2013 the company register for Somerset increased by 707 companies.
Half Year (Jul-Dec) Somerset UK 2013 707 82,910 2012 804 92,808 Record Year 2003 (1,261) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
Net company growth for Somerset during the fourth quarter of 2013 (Oct 2013 - Dec 2013) was 278 companies.
fourth quarter (Oct 2013 - Dec 2013) Somerset UK 2013 278 36,396 2012 399 49,848 Record Year 2012 (399) 2012 (49,848) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2013)
Net Growth by Month
October November December Net growth in 2013 120 194 -36 Net growth in 2012 163 124 112 Record Year 2003 (278) 2003 (203) 2002 (214)
UK Company Share
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Annual Data (2013)
In 2013 Somerset formed 0.8% of all UK companies. This is no change on 2012 when Somerset was responsible for 0.8% of all UK companies.
Year Somerset 2013 0.8% 2012 0.8% 2011 0.8% 2010 0.8% 2009 0.8% Record Year (since 1960) 1991 (1.1%) Company Share by Year
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Half Year Data (Jul-Dec 2013)
In the second half of 2013 Somerset formed 0.8% of all UK companies. This is the same as the 2012 figure of 0.8%.
Half Year (Jul-Dec) Somerset 2013 0.8% 2012 0.8% 2011 0.9% 2010 0.8% 2009 0.8% Record Year (since 1960) 2002 (1.1%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
In the fourth quarter of 2013, Somerset formed 0.8% of all UK companies.
fourth quarter (Oct 2013 - Dec 2013) Somerset 2013 0.8% 2012 0.8% 2011 0.8% 2010 0.8% 2009 0.8% Record Year (since 1960) 1990 (1.2%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2013)
Company Share by Month
October November December UK formation share in 2013 0.7% 0.9% 0.7% UK formation share in 2012 0.9% 0.7% 0.8% % change -16.3% 17.5% -12.8% Record Year 1990 (1.1%) 1990 (1.2%) 1990 (1.3%)
Director Age
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Annual Data (2013)
The average age of a director in 2013 was 46.2.
The percentage of directors under the age of 25 was 5.9% compared to the UK figure of 3.9%.
The percentage of directors over the age of 65 was 3.1% compared to the UK figure of 4.2%.
Director Age by Year
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Half Year Data (Jul-Dec 2013)
The average age of a director in the second half of 2013 was 45.8.
The percentage of directors under the age of 25 was 5.5% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 3.3% compared to the UK figure of 4.8%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
The average age of a director in the fourth quarter of 2013 was 45.2.
The percentage of directors under the age of 25 was 4.8% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 3.3% compared to the UK figure of 5.1%.
Director Age by Quarter
Director Gender
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Annual Data (2013)
The record year for female directors in Somerset was 2003 when 36.3% of all directors were female.
The percentage of female directors in Somerset in 2013 was 31.0%. The average for the UK during this time was 26.0%
Director Gender by Year
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Half Year Data (Jul-Dec 2013)
The record second half year for female directors in Somerset was 2007 when 34.7% of all directors were female.
31.2% of all director appointments in Somerset in the second half of 2013 were female. This compares to a UK average of 25.9% for the same period.
Director Gender by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
The record fourth quarter for female directors in Somerset was in 2004 when 34.5% of all directors were female.
31.2% of all director appointments in Somerset in the fourth quarter of 2013 were female. This compares to a UK average of 25.6% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Dec 2012-Dec 2013)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage MANAGEMENT 2.58% CONSULTING 5.22% CONSULTING 1.83% MANAGEMENT 4.72% CONSULTANCY 1.44% CONSULTANCY 3.45% PROPERTY 1.32% PROPERTY 2.59% BATH 1.18% TRADING 2.08% WEST 1.05% ENGINEERING 1.87% J 0.87% LONDON 1.86% ASSOCIATES 0.80% DESIGN 1.76% BUILDING 0.78% CONSTRUCTION 1.73% ENGINEERING 0.76% CARE 1.73% SOMERSET 0.76% BUSINESS 1.71% BUSINESS 0.74% CONSULTANTS 1.68% SOUTH 0.74% GLOBAL 1.58% HOUSE 0.74% INVESTMENTS 1.56% DESIGN 0.70% PROPERTIES 1.54% MEDIA 0.68% ASSOCIATES 1.53% DEVELOPMENTS 0.68% J 1.51% (SW) 0.66% MEDIA 1.50% TRAINING 0.64% IT 1.35% CARE 0.62% DEVELOPMENTS 1.23% CONSULTANTS 0.60% M 1.23% M 0.56% BUILDING 1.21% FARM 0.56% ELECTRICAL 1.20% ELECTRICAL 0.52% CAPITAL 1.19% D 0.52% ENERGY 1.14%
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 1,563 266,814 70229 - Management consultancy activities other than financial management 400 36,164 99999 - Dormant Company 380 46,762 82990 - Other business support service activities not elsewhere classified 293 55,342 62020 - Information technology consultancy activities 200 27,183 74909 - Other professional, scientific and technical activities not elsewhere classified 167 18,034 96090 - Other service activities not elsewhere classified 143 26,001 62090 - Other information technology service activities 112 12,511 47910 - Retail sale via mail order houses or via Internet 108 8,879 41100 - Development of building projects 107 9,485 74990 - Non-trading company 106 14,223 41202 - Construction of domestic buildings 88 6,191 43999 - Other specialised construction activities not elsewhere classified 84 7,823 56302 - Public houses and bars 83 5,503 68209 - Other letting and operating of own or leased real estate 82 8,733 62012 - Business and domestic software development 81 9,360 98000 - Residents property management 78 4,710 86900 - Other human health activities 74 9,543 45200 - Maintenance and repair of motor vehicles 70 4,987 43210 - Electrical installation 69 5,730
Recent Companies
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Randomly selected companies from this quarter
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