Somerset

2014 Half Year Business Confidence Report

Headlines

  • The first half of 2014 saw a new record in company registrations in Somerset when compared to any previous first half year.
  • The first half of 2014 was a record first half year for company registrations in Somerset when compared to any half year in history.
  • The first half of 2014 saw a new record in company registrations in Somerset when compared to any previous first half year.
  • The first half of 2014 was a record first half year for company registrations in Somerset when compared to any half year in history.
  • Q2 2014 saw a new record in company registrations in Somerset when compared to any previous Q2.
  • Q2 2014 saw a new record in company registrations in Somerset when compared to any previous Q2.
  • June 2014 saw a new record in company registrations in Somerset when compared to any previous June.
  • June 2014 saw a new record in company registrations in Somerset when compared to any previous June.

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. Half Year Data (Jan-Jun 2014)

    The first half of 2014 saw a new record in company registrations in Somerset when compared to any previous first half year.

    The first half of 2014 was a record first half year for company registrations in Somerset when compared to any half year in history.

    The first half of 2014 saw a new record in company registrations in Somerset when compared to any previous first half year.

    The first half of 2014 was a record first half year for company registrations in Somerset when compared to any half year in history.

    In the first half of 2014 a total of 2,332 companies were formed in Somerset. This figure is 9.1% higher than last year, which compares badly to the UK wide figure of 11.6%.

    The highest total for a first half year in Somerset occurred in 2014 when a total of 2,332 were formed.

    Half Year (Jan-Jun)SomersetUK
    20142,332300,731
    20132,137269,432
    % change9.1%11.6%
    Record Year2014 (2,332)2014 (300,731)

    In the first half of 2014 a total of 2,332 companies were formed in Somerset. This figure is 9.1% higher than last year, which compares badly to the UK wide figure of 11.6%.

    The highest total for a first half year in Somerset occurred in 2014 when a total of 2,332 were formed.

    Half Year (Jan-Jun)SomersetUK
    20142,332300,731
    20132,137269,432
    % change9.1%11.6%
    Record Year2014 (2,332)2014 (300,731)
    New Companies by Half Year
    New Companies by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    Q2 2014 saw a new record in company registrations in Somerset when compared to any previous Q2.

    Q2 2014 saw a new record in company registrations in Somerset when compared to any previous Q2.

    A total of 1,117 companies were registered in Somerset during the second quarter of 2014 (Apr 2014 - Jun 2014).

    This figure is an increase of 6.5% versus the same period last year (Q2 2013). This figure compares equally to the UK as a whole, which saw an increase of 11.4% against the same period last year.

    second quarter (Apr 2014 - Jun 2014)SomersetUK
    20141,117150,009
    20131,049134,630
    % change6.5%11.4%
    Record Year 2014 (1,117) 2014 (150,009)
    New Companies by Quarter

    A total of 1,117 companies were registered in Somerset during the second quarter of 2014 (Apr 2014 - Jun 2014).

    This figure is an increase of 6.5% versus the same period last year (Q2 2013). This figure compares equally to the UK as a whole, which saw an increase of 11.4% against the same period last year.

    second quarter (Apr 2014 - Jun 2014)SomersetUK
    20141,117150,009
    20131,049134,630
    % change6.5%11.4%
    Record Year 2014 (1,117) 2014 (150,009)
    New Companies by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    June 2014 saw a new record in company registrations in Somerset when compared to any previous June.

    June 2014 saw a new record in company registrations in Somerset when compared to any previous June.

    New Companies by Month
    New Companies by Month
    AprilMayJune
    New companies in 2014370379368
    New companies in 2013375389285
    % change-1.3%-2.6%29.1%
    Record Year2013 (375)2013 (389)2014 (368)
    AprilMayJune
    New companies in 2014370379368
    New companies in 2013375389285
    % change-1.3%-2.6%29.1%
    Record Year2013 (375)2013 (389)2014 (368)

Closed Companies (dissolved)

  1. Half Year Data (Jan-Jun 2014)

    In the first half of 2014 a total of 1,348 companies were dissolved in Somerset. This figure is 14.2% higher than last year, which compares equally to the UK wide change of 14.2%.

    The highest total for a first half year in Somerset occurred in 2009 when a total of 1,850 were closed.

    Half Year (Jan-Jun)SomersetUK
    20141,348177,207
    20131,180155,192
    % change14.2%14.2%
    Record Year2009 (1,850)2009 (289,245)

    In the first half of 2014 a total of 1,348 companies were dissolved in Somerset. This figure is 14.2% higher than last year, which compares equally to the UK wide change of 14.2%.

    The highest total for a first half year in Somerset occurred in 2009 when a total of 1,850 were closed.

    Half Year (Jan-Jun)SomersetUK
    20141,348177,207
    20131,180155,192
    % change14.2%14.2%
    Record Year2009 (1,850)2009 (289,245)
    Dissolved Companies by Half Year
    Dissolved Companies by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    A total of 739 companies were dissolved in Somerset during the second quarter of 2014 (Apr 2014 - Jun 2014).

    This figure is an increase of 36.9% versus the same period last year (Q2 2013). This figure compares poorly to the UK as a whole, which saw an increase of 22.7% against the same period last year.

    second quarter (Apr 2014 - Jun 2014)SomersetUK
    201473994,837
    201354077,278
    % change36.9%22.7%
    Record Year 2009 (1,166) 2009 (181,179)
    Dissolved Companies by Quarter

    A total of 739 companies were dissolved in Somerset during the second quarter of 2014 (Apr 2014 - Jun 2014).

    This figure is an increase of 36.9% versus the same period last year (Q2 2013). This figure compares poorly to the UK as a whole, which saw an increase of 22.7% against the same period last year.

    second quarter (Apr 2014 - Jun 2014)SomersetUK
    201473994,837
    201354077,278
    % change36.9%22.7%
    Record Year 2009 (1,166) 2009 (181,179)
    Dissolved Companies by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    Dissolved Companies by Month
    Dissolved Companies by Month
    AprilMayJune
    Closed companies in 2014152315272
    Closed companies in 2013196159185
    % change-22.4%98.1%47%
    Record Year2009 (297)2009 (549)2009 (320)
    AprilMayJune
    Closed companies in 2014152315272
    Closed companies in 2013196159185
    % change-22.4%98.1%47%
    Record Year2009 (297)2009 (549)2009 (320)

Net Company Growth

  1. Half Year Data (Jan-Jun 2014)

    In the first half of 2014 the company register for Somerset increased by 984 companies.

    Half Year (Jan-Jun)SomersetUK
    2014984123,524
    2013957114,240
    Record Year2003 (1,527)2007 (171,296)

    In the first half of 2014 the company register for Somerset increased by 984 companies.

    Half Year (Jan-Jun)SomersetUK
    2014984123,524
    2013957114,240
    Record Year2003 (1,527)2007 (171,296)
    Net Growth by Half Year
    Net Growth by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    Net company growth for Somerset during the second quarter of 2014 (Apr 2014 - Jun 2014) was 378 companies.

    second quarter (Apr 2014 - Jun 2014)SomersetUK
    201437855,172
    201350957,352
    Record Year 2013 (509) 2007 (60,014)
    Net Growth by Quarter

    Net company growth for Somerset during the second quarter of 2014 (Apr 2014 - Jun 2014) was 378 companies.

    second quarter (Apr 2014 - Jun 2014)SomersetUK
    201437855,172
    201350957,352
    Record Year 2013 (509) 2007 (60,014)
    Net Growth by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    Net Growth by Month
    Net Growth by Month
    AprilMayJune
    Net growth in 20142186496
    Net growth in 2013179230100
    Record Year2003 (274)2003 (268)2008 (212)
    AprilMayJune
    Net growth in 20142186496
    Net growth in 2013179230100
    Record Year2003 (274)2003 (268)2008 (212)

UK Company Share

  1. Half Year Data (Jan-Jun 2014)

    In the first half of 2014 Somerset formed 0.8% of all UK companies. This is the same as the 2013 figure of 0.8%.

    Half Year (Jan-Jun)Somerset
    20140.8%
    20130.8%
    20120.8%
    20110.8%
    20100.8%
    Record Year (since 1960) 1991 (1.2%)
    Company Share by Half Year

    In the first half of 2014 Somerset formed 0.8% of all UK companies. This is the same as the 2013 figure of 0.8%.

    Half Year (Jan-Jun)Somerset
    20140.8%
    20130.8%
    20120.8%
    20110.8%
    20100.8%
    Record Year (since 1960) 1991 (1.2%)
    Company Share by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    In the second quarter of 2014, Somerset formed 0.7% of all UK companies.

    second quarter (Apr 2014 - Jun 2014)Somerset
    20140.7%
    20130.8%
    20120.8%
    20110.8%
    20100.8%
    Record Year (since 1960) 1990 (1.2%)
    Company Share by Quarter

    In the second quarter of 2014, Somerset formed 0.7% of all UK companies.

    second quarter (Apr 2014 - Jun 2014)Somerset
    20140.7%
    20130.8%
    20120.8%
    20110.8%
    20100.8%
    Record Year (since 1960) 1990 (1.2%)
    Company Share by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    Company Share by Month
    Company Share by Month
    AprilMayJune
    UK formation share in 20140.7%0.8%0.8%
    UK formation share in 20130.8%0.9%0.7%
    % change-11.0%-10.1%11.9%
    Record Year2002 (1.1%)1990 (1.3%)1991 (1.3%)
    AprilMayJune
    UK formation share in 20140.7%0.8%0.8%
    UK formation share in 20130.8%0.9%0.7%
    % change-11.0%-10.1%11.9%
    Record Year2002 (1.1%)1990 (1.3%)1991 (1.3%)

Director Age

  1. Half Year Data (Jan-Jun 2014)

    The average age of a director in the first half of 2014 was 46.3.

    The percentage of directors under the age of 25 was 6.1% compared to the UK figure of 4.3%.

    The percentage of directors over the age of 65 was 2.6% compared to the UK figure of 3.5%.

    Director Age by Half Year

    The average age of a director in the first half of 2014 was 46.3.

    The percentage of directors under the age of 25 was 6.1% compared to the UK figure of 4.3%.

    The percentage of directors over the age of 65 was 2.6% compared to the UK figure of 3.5%.

    Director Age by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    The average age of a director in the second quarter of 2014 was 46.4.

    The percentage of directors under the age of 25 was 7.1% compared to the UK figure of 3.9%.

    The percentage of directors over the age of 65 was 2.7% compared to the UK figure of 3.6%.

    Director Age by Quarter

    The average age of a director in the second quarter of 2014 was 46.4.

    The percentage of directors under the age of 25 was 7.1% compared to the UK figure of 3.9%.

    The percentage of directors over the age of 65 was 2.7% compared to the UK figure of 3.6%.

    Director Age by Quarter

Director Gender

  1. Half Year Data (Jan-Jun 2014)

    The record first half year for female directors in Somerset was 2007 when 35.3% of all directors were female.

    31.3% of all director appointments in Somerset in the first half of 2014 were female. This compares to a UK average of 26.1% for the same period.

    Director Gender by Half Year

    The record first half year for female directors in Somerset was 2007 when 35.3% of all directors were female.

    31.3% of all director appointments in Somerset in the first half of 2014 were female. This compares to a UK average of 26.1% for the same period.

    Director Gender by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    The record second quarter for female directors in Somerset was in 2005 when 35.1% of all directors were female.

    30.0% of all director appointments in Somerset in the second quarter of 2014 were female. This compares to a UK average of 25.9% for the same period.

    Director Gender by Quarter

    The record second quarter for female directors in Somerset was in 2005 when 35.1% of all directors were female.

    30.0% of all director appointments in Somerset in the second quarter of 2014 were female. This compares to a UK average of 25.9% for the same period.

    Director Gender by Quarter

Naming Trends

  1. Previous 12 months (Jun 2013-Jun 2014)

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

    wordpercentageuk worduk percentage
    MANAGEMENT2.65%CONSULTING5.16%
    CONSULTING1.71%MANAGEMENT4.64%
    CONSULTANCY1.28%CONSULTANCY3.50%
    PROPERTY1.24%PROPERTY2.66%
    WEST1.20%TRADING2.03%
    BATH0.98%ENGINEERING1.99%
    ENGINEERING0.96%CONSTRUCTION1.93%
    J0.92%LONDON1.93%
    SOUTH0.86%CARE1.85%
    ASSOCIATES0.81%DESIGN1.75%
    SOMERSET0.81%CONSULTANTS1.73%
    BUILDING0.71%BUSINESS1.69%
    DESIGN0.70%PROPERTIES1.63%
    CONSTRUCTION0.70%TRANSPORT1.58%
    ELECTRICAL0.66%GLOBAL1.55%
    DEVELOPMENTS0.64%INVESTMENTS1.55%
    BUSINESS0.62%J1.51%
    HOUSE0.62%ASSOCIATES1.48%
    FARM0.58%MEDIA1.44%
    CONSULTANTS0.58%ELECTRICAL1.40%
    MEDIA0.56%IT1.33%
    (SW)0.56%DEVELOPMENTS1.33%
    CARE0.54%BUILDING1.26%
    TRADING0.54%M1.24%
    TRAINING0.53%CO.,1.20%
    wordpercentageuk worduk percentage
    MANAGEMENT2.65%CONSULTING5.16%
    CONSULTING1.71%MANAGEMENT4.64%
    CONSULTANCY1.28%CONSULTANCY3.49%
    PROPERTY1.24%PROPERTY2.66%
    WEST1.20%TRADING2.03%
    ENGINEERING0.96%ENGINEERING1.99%
    BATH0.96%LONDON1.93%
    J0.92%CONSTRUCTION1.93%
    SOUTH0.85%CARE1.85%
    ASSOCIATES0.83%DESIGN1.75%
    SOMERSET0.81%CONSULTANTS1.73%
    DESIGN0.71%BUSINESS1.69%
    BUILDING0.71%PROPERTIES1.63%
    CONSTRUCTION0.68%TRANSPORT1.58%
    ELECTRICAL0.66%GLOBAL1.55%
    DEVELOPMENTS0.64%INVESTMENTS1.55%
    HOUSE0.62%J1.50%
    BUSINESS0.60%ASSOCIATES1.48%
    CONSULTANTS0.58%MEDIA1.44%
    (SW)0.56%ELECTRICAL1.40%
    FARM0.56%IT1.33%
    MEDIA0.54%DEVELOPMENTS1.33%
    TRADING0.54%BUILDING1.26%
    CARE0.53%M1.23%
    FINANCIAL0.53%CO.,1.20%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied1,399261,557
    70229 - Management consultancy activities other than financial management44140,250
    99999 - Dormant Company41748,436
    82990 - Other business support service activities not elsewhere classified29657,421
    62020 - Information technology consultancy activities20629,029
    74909 - Other professional, scientific and technical activities not elsewhere classified17919,058
    96090 - Other service activities not elsewhere classified15028,352
    74990 - Non-trading company10914,351
    41100 - Development of building projects10910,527
    47910 - Retail sale via mail order houses or via Internet1089,900
    62090 - Other information technology service activities10313,024
    68209 - Other letting and operating of own or leased real estate9910,133
    62012 - Business and domestic software development939,834
    43999 - Other specialised construction activities not elsewhere classified928,533
    41202 - Construction of domestic buildings887,053
    98000 - Residents property management865,046
    45200 - Maintenance and repair of motor vehicles865,375
    56302 - Public houses and bars826,099
    86900 - Other human health activities8011,292
    56101 - Licensed restaurants748,585
    sic codenumber of companiesuk companies
    None Supplied1,378259,495
    70229 - Management consultancy activities other than financial management44340,375
    99999 - Dormant Company41448,126
    82990 - Other business support service activities not elsewhere classified29657,459
    62020 - Information technology consultancy activities20629,145
    74909 - Other professional, scientific and technical activities not elsewhere classified17919,026
    96090 - Other service activities not elsewhere classified15128,340
    41100 - Development of building projects11510,664
    47910 - Retail sale via mail order houses or via Internet1079,940
    74990 - Non-trading company10514,184
    62090 - Other information technology service activities10313,042
    68209 - Other letting and operating of own or leased real estate10310,262
    62012 - Business and domestic software development939,875
    43999 - Other specialised construction activities not elsewhere classified928,555
    45200 - Maintenance and repair of motor vehicles885,411
    98000 - Residents property management865,095
    41202 - Construction of domestic buildings847,088
    56302 - Public houses and bars826,119
    86900 - Other human health activities8011,353
    56101 - Licensed restaurants768,651

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    09019945 ST BUILDING AND RENOVATION LTD 01 May 2014
    09020870 ELLE AITCH LIMITED 01 May 2014
    09022911 EMMA BANNISTER LANDSCAPE CONSULTANCY LIMITED 02 May 2014
    09033545 GWB MEDIA LTD 12 May 2014
    09033720 ENDOURCE LIMITED 12 May 2014
    09034187 LOVE FASHION WHOLESALE LIMITED 12 May 2014
    09040276 BATH & DISTRICT BUSINESS CRIME REDUCTION COMMUNITY INTEREST COMPANY 14 May 2014
    09042749 JUSTIFY DESIGN LIMITED 15 May 2014
    09048374 MC CODING LIMITED 20 May 2014
    09050202 BIG SKY LIFE LIMITED 21 May 2014
    09052441 OREAD TECHNOLOGIES LIMITED 22 May 2014
    09053042 MS BATH IT LIMITED 22 May 2014
    09055894 PROXIMETRICS LTD 27 May 2014
    09057744 KAY DESIGN LONDON LTD 27 May 2014
    09060328 MY WILTSHIRE MAGAZINE LTD 28 May 2014
    09020083 MASCOT LEATHERS LIMITED 01 May 2014
    09028348 SMAK POLSKI W BATH LTD 07 May 2014
    09032562 BET-TEK CONSULTANCY LIMITED 09 May 2014
    09035425 ONE STEP BEYOND INVESTMENTS LIMITED 12 May 2014
    09039735 OPTIMY LTD 14 May 2014
    09040107 SPARK SOUTH WEST 14 May 2014
    09053094 NAKED OIL COMPANY LIMITED 22 May 2014
    09029727 ANDREW'S PROPCO LIMITED 08 May 2014
    09025653 WOOTTON PROPERTY SERVICES LTD 06 May 2014
    09038135 SOUTH WEST RIDING COMMUNITY INTEREST COMPANY 13 May 2014