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

  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 (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.

    YearSomersetUK
    20134,134529,363
    20124,038491,893
    20113,834452,870
    20103,249400,358
    20092,934362,675
    Record Year2013 (4,134)2013 (529,363)
    New Companies by Year
  2. 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)SomersetUK
    20131,997259,931
    20121,934238,743
    % change3.3%8.9%
    Record Year2013 (1,997)2013 (259,931)
    New Companies by Half Year
  3. 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)SomersetUK
    2013960127,247
    2012950119,875
    % change1.1%6.1%
    Record Year 2013 (960) 2013 (127,247)
    New Companies by Quarter
  4. 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
    OctoberNovemberDecember
    New companies in 2013361367232
    New companies in 2012401307242
    % change-10.0%19.5%-4.1%
    Record Year2012 (401)2013 (367)2002 (291)

Closed Companies (dissolved)

  1. 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.

    YearSomersetUK
    20132,470332,213
    20122,198293,729
    20112,285314,524
    20102,588342,233
    20093,316533,789
    Record Year2009 (3,316)2009 (533,789)
    Dissolved Companies by Year
  2. 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)SomersetUK
    20131,290177,021
    20121,130145,935
    % change14.2%21.3%
    Record Year2009 (1,466)2009 (244,544)
    Dissolved Companies by Half Year
  3. 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)SomersetUK
    201368290,851
    201255170,027
    % change23.8%29.7%
    Record Year 2013 (682) 2013 (90,851)
    Dissolved Companies by Quarter
  4. 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
    OctoberNovemberDecember
    Closed companies in 2013241173268
    Closed companies in 2012238183130
    % change1.3%-5.5%106%
    Record Year2010 (253)2010 (242)2013 (268)

Net Company Growth

  1. 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.

    YearSomersetUK
    20131,664197,150
    20121,840198,164
    20111,549138,346
    201066158,125
    2009-382-171,114
    Record Year2007 (1,864)2007 (237,353)
    Net Growth by Year
  2. 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)SomersetUK
    201370782,910
    201280492,808
    Record Year2003 (1,261)2003 (117,772)
    Net Growth by Half Year
  3. 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)SomersetUK
    201327836,396
    201239949,848
    Record Year 2012 (399) 2012 (49,848)
    Net Growth by Quarter
  4. Monthly Data (Oct, Nov & Dec 2013)

    Net Growth by Month
    OctoberNovemberDecember
    Net growth in 2013120194-36
    Net growth in 2012163124112
    Record Year2003 (278)2003 (203)2002 (214)

UK Company Share

  1. 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.

    YearSomerset
    20130.8%
    20120.8%
    20110.8%
    20100.8%
    20090.8%
    Record Year (since 1960)1991 (1.1%)
    Company Share by Year
  2. 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
    20130.8%
    20120.8%
    20110.9%
    20100.8%
    20090.8%
    Record Year (since 1960) 2002 (1.1%)
    Company Share by Half Year
  3. 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
    20130.8%
    20120.8%
    20110.8%
    20100.8%
    20090.8%
    Record Year (since 1960) 1990 (1.2%)
    Company Share by Quarter
  4. Monthly Data (Oct, Nov & Dec 2013)

    Company Share by Month
    OctoberNovemberDecember
    UK formation share in 20130.7%0.9%0.7%
    UK formation share in 20120.9%0.7%0.8%
    % change-16.3%17.5%-12.8%
    Record Year1990 (1.1%)1990 (1.2%)1990 (1.3%)

Director Age

  1. 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
  2. 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
  3. 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

  1. 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
  2. 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
  3. 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

  1. Previous 12 months (Dec 2012-Dec 2013)

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

    wordpercentageuk worduk percentage
    MANAGEMENT2.58%CONSULTING5.22%
    CONSULTING1.83%MANAGEMENT4.72%
    CONSULTANCY1.44%CONSULTANCY3.45%
    PROPERTY1.32%PROPERTY2.59%
    BATH1.18%TRADING2.08%
    WEST1.05%ENGINEERING1.87%
    J0.87%LONDON1.86%
    ASSOCIATES0.80%DESIGN1.76%
    BUILDING0.78%CONSTRUCTION1.73%
    ENGINEERING0.76%CARE1.73%
    SOMERSET0.76%BUSINESS1.71%
    BUSINESS0.74%CONSULTANTS1.68%
    SOUTH0.74%GLOBAL1.58%
    HOUSE0.74%INVESTMENTS1.56%
    DESIGN0.70%PROPERTIES1.54%
    MEDIA0.68%ASSOCIATES1.53%
    DEVELOPMENTS0.68%J1.51%
    (SW)0.66%MEDIA1.50%
    TRAINING0.64%IT1.35%
    CARE0.62%DEVELOPMENTS1.23%
    CONSULTANTS0.60%M1.23%
    M0.56%BUILDING1.21%
    FARM0.56%ELECTRICAL1.20%
    ELECTRICAL0.52%CAPITAL1.19%
    D0.52%ENERGY1.14%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied1,563266,814
    70229 - Management consultancy activities other than financial management40036,164
    99999 - Dormant Company38046,762
    82990 - Other business support service activities not elsewhere classified29355,342
    62020 - Information technology consultancy activities20027,183
    74909 - Other professional, scientific and technical activities not elsewhere classified16718,034
    96090 - Other service activities not elsewhere classified14326,001
    62090 - Other information technology service activities11212,511
    47910 - Retail sale via mail order houses or via Internet1088,879
    41100 - Development of building projects1079,485
    74990 - Non-trading company10614,223
    41202 - Construction of domestic buildings886,191
    43999 - Other specialised construction activities not elsewhere classified847,823
    56302 - Public houses and bars835,503
    68209 - Other letting and operating of own or leased real estate828,733
    62012 - Business and domestic software development819,360
    98000 - Residents property management784,710
    86900 - Other human health activities749,543
    45200 - Maintenance and repair of motor vehicles704,987
    43210 - Electrical installation695,730

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    OC389733 WOODHILL ASSET MANAGEMENT LLP 06 Dec 2013
    08808694 C. M. COLLECTIVE LIMITED 10 Dec 2013
    08813088 KALUZA TRADING LIMITED 12 Dec 2013
    08813660 HOME EDUCATION CARD LTD 13 Dec 2013
    08815811 GERRISH ENTERPRISES LIMITED 16 Dec 2013
    08818522 EVOLVE PROJECTS LIMITED 17 Dec 2013
    08820008 PASHA JEWELLERY LTD 18 Dec 2013
    08823550 DIPILEG LTD 20 Dec 2013
    08824416 HOT SINCE 86 LIMITED 23 Dec 2013
    08799361 CHANTRY BUSINESS MANAGEMENT LIMITED 02 Dec 2013
    08803879 HEART ADVERTISING COMPANY LTD 05 Dec 2013
    08813687 BATHROOM CABINETS LIMITED 13 Dec 2013
    08814276 RITER LIMITED 13 Dec 2013
    08822627 BATH ROAD HEIGHTS MANAGEMENT COMPANY LIMITED 20 Dec 2013
    08824054 MCB HAULAGE LIMITED 23 Dec 2013
    08828054 LIX LIMITED 31 Dec 2013
    08813357 BRIZZLE BARS LIMITED 13 Dec 2013
    08823577 WYVERN TECH SUPPORT LIMITED 20 Dec 2013
    08825114 FFVM LIMITED 23 Dec 2013
    08822293 PEOPLE POWER ENERGY LTD 20 Dec 2013
    08804664 HIGH STANDARDS (UK) LTD 06 Dec 2013
    08824455 VET IC-PD LTD 23 Dec 2013
    08815362 GRANTS 1967 LIMITED 16 Dec 2013
    08805059 GALLERYAA LIMITED 06 Dec 2013
    08817683 A-CLASS CONVERSIONS LIMITED 17 Dec 2013