Somerset

Q3 2014 Business Confidence Report

Headlines

  • Q3 2014 saw a new record in company registrations in Somerset when compared to any previous Q3.
  • Q3 2014 saw a new record in company registrations in Somerset when compared to any previous Q3.
  • September 2014 saw a new record in company registrations in Somerset when compared to any previous September.
  • July 2014 saw a new record in company registrations in Somerset when compared to any previous July.
  • September 2014 saw a new record in company registrations in Somerset when compared to any previous September.
  • July 2014 saw a new record in company registrations in Somerset when compared to any previous July.
  • July 2014 saw a new record in company closures in Somerset when compared to any previous July.
  • July 2014 saw a new record in company closures in Somerset when compared to any previous July.

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. Quarterly Data (Q3 Jul-Sep 2014)

    Q3 2014 saw a new record in company registrations in Somerset when compared to any previous Q3.

    Q3 2014 saw a new record in company registrations in Somerset when compared to any previous Q3.

    A total of 1,066 companies were registered in Somerset during the third quarter of 2014 (Jul 2014 - Sep 2014).

    This figure is an increase of 2.8% versus the same period last year (Q3 2013). This figure compares badly to the UK as a whole, which saw an increase of 8.1% against the same period last year.

    third quarter (Jul 2014 - Sep 2014)SomersetUK
    20141,066143,414
    20131,037132,684
    % change2.8%8.1%
    Record Year 2014 (1,066) 2014 (143,414)
    New Companies by Quarter

    A total of 1,066 companies were registered in Somerset during the third quarter of 2014 (Jul 2014 - Sep 2014).

    This figure is an increase of 2.8% versus the same period last year (Q3 2013). This figure compares badly to the UK as a whole, which saw an increase of 8.1% against the same period last year.

    third quarter (Jul 2014 - Sep 2014)SomersetUK
    20141,066143,414
    20131,037132,684
    % change2.8%8.1%
    Record Year 2014 (1,066) 2014 (143,414)
    New Companies by Quarter
  2. Monthly Data (Jul, Aug & Sep 2014)

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

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

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

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

    New Companies by Month
    New Companies by Month
    JulyAugustSeptember
    New companies in 2014399287380
    New companies in 2013359320358
    % change11.1%-10.3%6.1%
    Record Year2014 (399)2011 (354)2014 (380)
    JulyAugustSeptember
    New companies in 2014399287380
    New companies in 2013359320358
    % change11.1%-10.3%6.1%
    Record Year2014 (399)2011 (354)2014 (380)

Closed Companies (dissolved)

  1. Quarterly Data (Q3 Jul-Sep 2014)

    A total of 723 companies were dissolved in Somerset during the third quarter of 2014 (Jul 2014 - Sep 2014).

    This figure is an increase of 18.9% versus the same period last year (Q3 2013). This figure compares poorly to the UK as a whole, which saw an increase of 18.0% against the same period last year.

    third quarter (Jul 2014 - Sep 2014)SomersetUK
    2014723101,670
    201360886,170
    % change18.9%18.0%
    Record Year 2009 (837) 2009 (159,405)
    Dissolved Companies by Quarter

    A total of 723 companies were dissolved in Somerset during the third quarter of 2014 (Jul 2014 - Sep 2014).

    This figure is an increase of 18.9% versus the same period last year (Q3 2013). This figure compares poorly to the UK as a whole, which saw an increase of 18.0% against the same period last year.

    third quarter (Jul 2014 - Sep 2014)SomersetUK
    2014723101,670
    201360886,170
    % change18.9%18.0%
    Record Year 2009 (837) 2009 (159,405)
    Dissolved Companies by Quarter
  2. Monthly Data (Jul, Aug & Sep 2014)

    July 2014 saw a new record in company closures in Somerset when compared to any previous July.

    July 2014 saw a new record in company closures in Somerset when compared to any previous July.

    Dissolved Companies by Month
    Dissolved Companies by Month
    JulyAugustSeptember
    Closed companies in 2014265199259
    Closed companies in 2013217170221
    % change22.1%17.1%17%
    Record Year2014 (265)2008 (435)2009 (391)
    JulyAugustSeptember
    Closed companies in 2014265199259
    Closed companies in 2013217170221
    % change22.1%17.1%17%
    Record Year2014 (265)2008 (435)2009 (391)

Net Company Growth

  1. Quarterly Data (Q3 Jul-Sep 2014)

    Net company growth for Somerset during the third quarter of 2014 (Jul 2014 - Sep 2014) was 343 companies.

    third quarter (Jul 2014 - Sep 2014)SomersetUK
    201434341,744
    201342946,514
    Record Year 2011 (451) 2013 (46,514)
    Net Growth by Quarter

    Net company growth for Somerset during the third quarter of 2014 (Jul 2014 - Sep 2014) was 343 companies.

    third quarter (Jul 2014 - Sep 2014)SomersetUK
    201434341,744
    201342946,514
    Record Year 2011 (451) 2013 (46,514)
    Net Growth by Quarter
  2. Monthly Data (Jul, Aug & Sep 2014)

    Net Growth by Month
    Net Growth by Month
    JulyAugustSeptember
    Net growth in 201413488121
    Net growth in 2013142150137
    Record Year2008 (239)2003 (223)2002 (248)
    JulyAugustSeptember
    Net growth in 201413488121
    Net growth in 2013142150137
    Record Year2008 (239)2003 (223)2002 (248)

UK Company Share

  1. Quarterly Data (Q3 Jul-Sep 2014)

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

    third quarter (Jul 2014 - Sep 2014)Somerset
    20140.7%
    20130.8%
    20120.8%
    20110.9%
    20100.8%
    Record Year (since 1960) 2002 (1.0%)
    Company Share by Quarter

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

    third quarter (Jul 2014 - Sep 2014)Somerset
    20140.7%
    20130.8%
    20120.8%
    20110.9%
    20100.8%
    Record Year (since 1960) 2002 (1.0%)
    Company Share by Quarter
  2. Monthly Data (Jul, Aug & Sep 2014)

    Company Share by Month
    Company Share by Month
    JulyAugustSeptember
    UK formation share in 20140.8%0.7%0.8%
    UK formation share in 20130.8%0.8%0.8%
    % change1.0%-14.5%-2.6%
    Record Year1991 (1.1%)2002 (1.2%)1990 (1.1%)
    JulyAugustSeptember
    UK formation share in 20140.8%0.7%0.8%
    UK formation share in 20130.8%0.8%0.8%
    % change1.0%-14.5%-2.6%
    Record Year1991 (1.1%)2002 (1.2%)1990 (1.1%)

Director Age

  1. Quarterly Data (Q3 Jul-Sep 2014)

    The average age of a director in the third quarter of 2014 was 45.9.

    The percentage of directors under the age of 25 was 6.3% compared to the UK figure of 3.7%.

    The percentage of directors over the age of 65 was 3.1% compared to the UK figure of 4.5%.

    Director Age by Quarter

    The average age of a director in the third quarter of 2014 was 45.9.

    The percentage of directors under the age of 25 was 6.3% compared to the UK figure of 3.7%.

    The percentage of directors over the age of 65 was 3.1% compared to the UK figure of 4.5%.

    Director Age by Quarter

Director Gender

  1. Quarterly Data (Q3 Jul-Sep 2014)

    The record third quarter for female directors in Somerset was in 2007 when 35.5% of all directors were female.

    30.0% of all director appointments in Somerset in the third quarter of 2014 were female. This compares to a UK average of 26.3% for the same period.

    Director Gender by Quarter

    The record third quarter for female directors in Somerset was in 2007 when 35.5% of all directors were female.

    30.0% of all director appointments in Somerset in the third quarter of 2014 were female. This compares to a UK average of 26.3% for the same period.

    Director Gender by Quarter

Naming Trends

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

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

    wordpercentageuk worduk percentage
    MANAGEMENT2.53%CONSULTING5.17%
    CONSULTING1.71%MANAGEMENT4.63%
    CONSULTANCY1.36%CONSULTANCY3.55%
    WEST1.10%PROPERTY2.62%
    PROPERTY1.00%ENGINEERING2.07%
    ENGINEERING0.97%CONSTRUCTION2.05%
    SOMERSET0.93%TRADING2.00%
    BATH0.84%LONDON1.95%
    SOUTH0.84%CARE1.94%
    DESIGN0.84%TRANSPORT1.76%
    J0.84%DESIGN1.70%
    ELECTRICAL0.78%CONSULTANTS1.70%
    ASSOCIATES0.76%PROPERTIES1.63%
    DEVELOPMENTS0.69%BUSINESS1.62%
    TRADING0.67%J1.53%
    CARE0.63%ELECTRICAL1.53%
    CONSTRUCTION0.63%GLOBAL1.51%
    BUILDING0.63%INVESTMENTS1.50%
    (SW)0.61%ASSOCIATES1.48%
    HOUSE0.58%MEDIA1.38%
    BUSINESS0.56%CO.,1.36%
    FARM0.54%DEVELOPMENTS1.35%
    MEDIA0.50%BUILDING1.30%
    TRANSPORT0.50%IT1.30%
    CONSULTANTS0.50%M1.23%
    wordpercentageuk worduk percentage
    MANAGEMENT2.51%CONSULTING5.18%
    CONSULTING1.71%MANAGEMENT4.63%
    CONSULTANCY1.36%CONSULTANCY3.54%
    WEST1.10%PROPERTY2.63%
    PROPERTY1.02%ENGINEERING2.08%
    ENGINEERING0.97%CONSTRUCTION2.05%
    SOMERSET0.93%TRADING2.01%
    DESIGN0.86%LONDON1.95%
    BATH0.84%CARE1.94%
    J0.84%TRANSPORT1.76%
    SOUTH0.82%DESIGN1.70%
    ELECTRICAL0.78%CONSULTANTS1.69%
    ASSOCIATES0.76%PROPERTIES1.63%
    DEVELOPMENTS0.69%BUSINESS1.63%
    TRADING0.67%ELECTRICAL1.53%
    BUILDING0.63%J1.53%
    CONSTRUCTION0.61%GLOBAL1.52%
    (SW)0.61%INVESTMENTS1.50%
    CARE0.61%ASSOCIATES1.48%
    HOUSE0.58%MEDIA1.38%
    BUSINESS0.54%CO.,1.36%
    FARM0.52%DEVELOPMENTS1.35%
    ROAD0.50%BUILDING1.30%
    CONSULTANTS0.50%IT1.30%
    ENERGY0.48%M1.23%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied1,522278,481
    70229 - Management consultancy activities other than financial management44740,717
    99999 - Dormant Company41248,286
    82990 - Other business support service activities not elsewhere classified27757,264
    62020 - Information technology consultancy activities20829,313
    74909 - Other professional, scientific and technical activities not elsewhere classified18618,890
    96090 - Other service activities not elsewhere classified14928,224
    62090 - Other information technology service activities10812,795
    47910 - Retail sale via mail order houses or via Internet1089,914
    74990 - Non-trading company10714,006
    41100 - Development of building projects10410,604
    43999 - Other specialised construction activities not elsewhere classified998,501
    68209 - Other letting and operating of own or leased real estate9510,361
    62012 - Business and domestic software development919,675
    98000 - Residents property management905,047
    41202 - Construction of domestic buildings877,151
    45200 - Maintenance and repair of motor vehicles825,335
    56302 - Public houses and bars786,056
    86900 - Other human health activities7811,807
    85590 - Other education not elsewhere classified786,045
    sic codenumber of companiesuk companies
    None Supplied1,399263,052
    70229 - Management consultancy activities other than financial management45341,421
    99999 - Dormant Company41348,811
    82990 - Other business support service activities not elsewhere classified28158,078
    62020 - Information technology consultancy activities21329,780
    74909 - Other professional, scientific and technical activities not elsewhere classified18819,117
    96090 - Other service activities not elsewhere classified15228,864
    41100 - Development of building projects11110,983
    47910 - Retail sale via mail order houses or via Internet11110,125
    62090 - Other information technology service activities10912,999
    74990 - Non-trading company10414,053
    43999 - Other specialised construction activities not elsewhere classified1038,701
    68209 - Other letting and operating of own or leased real estate10210,684
    62012 - Business and domestic software development939,848
    98000 - Residents property management915,163
    41202 - Construction of domestic buildings847,363
    45200 - Maintenance and repair of motor vehicles845,472
    56302 - Public houses and bars796,211
    85590 - Other education not elsewhere classified796,162
    86900 - Other human health activities7812,105

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    09115425 METAMORPHOSIS ENERGY LIMITED 03 Jul 2014
    09126312 KEREHI VAT CONSULTING LIMITED 11 Jul 2014
    09129757 R & D SALVAGE LTD 14 Jul 2014
    09134145 L F H ACCOUNTING LIMITED 16 Jul 2014
    09141131 JUST CURRENCY LIMITED 21 Jul 2014
    09146428 VOZ LIMITED 24 Jul 2014
    09149891 LUXURY ESCAPES BATH LIMITED 28 Jul 2014
    09155541 THE GRIFFIN BATH LIMITED 31 Jul 2014
    09109095 HAYLEY KNIGHT PUBLIC RELATIONS LTD 01 Jul 2014
    09109787 CLIFTON DOWNS DEVELOPMENTS LIMITED 01 Jul 2014
    09110939 INTERNET CAR STORE LIMITED 01 Jul 2014
    09118749 UNDER BLUE SKIES LTD 07 Jul 2014
    09120651 HENDRY IT CONSULTING LIMITED 08 Jul 2014
    09123919 MARPTREE DESIGN & BUILD LIMITED 10 Jul 2014
    09130564 SULIS MARKETING LTD 15 Jul 2014
    09130879 FAIRTRADE VODKA LIMITED 15 Jul 2014
    09131105 MEIMCOUNTING LIMITED 15 Jul 2014
    09135535 FOOTACTIVE LIMITED 17 Jul 2014
    09140139 HIT THE NAIL LIMITED 21 Jul 2014
    09140194 COGGINS PERFORMANCE CONSULTING LTD 21 Jul 2014
    09119190 COOPER AND GARRETT FASHION LTD 07 Jul 2014
    09125167 SCIORTA LTD 10 Jul 2014
    09125510 JEREMIAH MEDICARE LTD 10 Jul 2014
    09138060 E -AGENT LIMITED 18 Jul 2014
    09116900 CANNARDS WELL LIMITED 04 Jul 2014