Somerset
2014 Annual Business Confidence Report
Headlines
- 2014 was a record year for company registrations in Somerset when compared to any year in history.
- The second half of 2014 saw a new record in company registrations in Somerset when compared to any previous second half year.
- Q4 2014 saw a new record in company registrations in Somerset when compared to any previous Q4.
- December 2014 saw a new record in company registrations in Somerset when compared to any previous December.
- October 2014 saw a new record in company registrations in Somerset when compared to any previous October.
- December 2014 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 (2014)
2014 was a record year for company registrations in Somerset when compared to any year in history.
A total of 4,465 companies were formed in Somerset in 2014. This total is 8.0% higher than in 2013 and compares equally to the UK figure of a 10.0% growth compared to 529,363 the previous year.
Year Somerset UK 2014 4,465 582,051 2013 4,134 529,363 2012 4,038 491,893 2011 3,834 452,870 2010 3,249 400,358 Record Year 2014 (4,465) 2014 (582,051) New Companies by Year
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Half Year Data (Jul-Dec 2014)
The second half of 2014 saw a new record in company registrations in Somerset when compared to any previous second half year.
In the second half of 2014 a total of 2,133 companies were formed in Somerset. This figure is 6.8% higher than last year, which compares badly to the UK wide figure of 8.2%.
The highest total for a second half year in Somerset occurred in 2014 when a total of 2,133 were formed.
Half Year (Jul-Dec) Somerset UK 2014 2,133 281,320 2013 1,997 259,931 % change 6.8% 8.2% Record Year 2014 (2,133) 2014 (281,320) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
Q4 2014 saw a new record in company registrations in Somerset when compared to any previous Q4.
A total of 1,067 companies were registered in Somerset during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is an increase of 11.1% versus the same period last year (Q4 2013). This figure compares equally to the UK as a whole, which saw an increase of 8.4% against the same period last year.
fourth quarter (Oct 2014 - Dec 2014) Somerset UK 2014 1,067 137,906 2013 960 127,247 % change 11.1% 8.4% Record Year 2014 (1,067) 2014 (137,906) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
December 2014 saw a new record in company registrations in Somerset when compared to any previous December.
October 2014 saw a new record in company registrations in Somerset when compared to any previous October.
New Companies by Month
October November December New companies in 2014 412 350 305 New companies in 2013 361 367 232 % change 14.1% -4.6% 31.5% Record Year 2014 (412) 2013 (367) 2014 (305)
Closed Companies (dissolved)
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Annual Data (2014)
A total of 2,783 companies were dissolved in Somerset in 2014. This total is 12.7% higher than in 2013 and compares favourably to the UK figure of 10.8% growth compared to the previous year.
Year Somerset UK 2014 2,783 367,937 2013 2,470 332,213 2012 2,198 293,729 2011 2,285 314,524 2010 2,588 342,233 Record Year 2009 (3,316) 2009 (533,789) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 a total of 1,435 companies were dissolved in Somerset. This figure is 11.2% higher than last year, which compares badly to the UK wide change of 7.7%.
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 2014 1,435 190,730 2013 1,290 177,021 % change 11.2% 7.7% Record Year 2009 (1,466) 2009 (244,544) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
A total of 712 companies were dissolved in Somerset during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is an increase of 4.4% versus the same period last year (Q4 2013). This figure compares poorly to the UK as a whole, which saw a decrease of 2.0% against the same period last year.
fourth quarter (Oct 2014 - Dec 2014) Somerset UK 2014 712 89,060 2013 682 90,851 % change 4.4% -2.0% Record Year 2014 (712) 2013 (90,851) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
December 2014 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 2014 208 232 272 Closed companies in 2013 241 173 268 % change -13.7% 34.1% 1% Record Year 2010 (253) 2010 (242) 2014 (272)
Net Company Growth
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Annual Data (2014)
A total of 1,682 companies were added to the company register for Somerset in 2014. This number represents growth of 37.7% in the total number of active companies, which compares favourably to the UK figure of 36.8%.
This number is 18 companies higher 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 2014 1,682 214,114 2013 1,664 197,150 2012 1,840 198,164 2011 1,549 138,346 2010 661 58,125 Record Year 2007 (1,864) 2007 (237,353) Net Growth by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 the company register for Somerset increased by 698 companies.
Half Year (Jul-Dec) Somerset UK 2014 698 90,590 2013 707 82,910 Record Year 2003 (1,261) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
Net company growth for Somerset during the fourth quarter of 2014 (Oct 2014 - Dec 2014) was 355 companies.
fourth quarter (Oct 2014 - Dec 2014) Somerset UK 2014 355 48,846 2013 278 36,396 Record Year 2012 (399) 2012 (49,848) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Net Growth by Month
October November December Net growth in 2014 204 118 33 Net growth in 2013 120 194 -36 Record Year 2003 (278) 2003 (203) 2002 (214)
UK Company Share
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Annual Data (2014)
In 2014 Somerset formed 0.8% of all UK companies. This is no change on 2013 when Somerset was responsible for 0.8% of all UK companies.
Year Somerset 2014 0.8% 2013 0.8% 2012 0.8% 2011 0.8% 2010 0.8% Record Year (since 1960) 1991 (1.1%) Company Share by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 Somerset formed 0.8% of all UK companies. This is the same as the 2013 figure of 0.8%.
Half Year (Jul-Dec) Somerset 2014 0.8% 2013 0.8% 2012 0.8% 2011 0.9% 2010 0.8% Record Year (since 1960) 2002 (1.1%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
In the fourth quarter of 2014, Somerset formed 0.8% of all UK companies.
fourth quarter (Oct 2014 - Dec 2014) Somerset 2014 0.8% 2013 0.8% 2012 0.8% 2011 0.8% 2010 0.8% Record Year (since 1960) 1990 (1.2%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Company Share by Month
October November December UK formation share in 2014 0.8% 0.8% 0.8% UK formation share in 2013 0.7% 0.9% 0.7% % change 8.6% -9.5% 12.5% Record Year 1990 (1.1%) 1990 (1.2%) 1990 (1.3%)
Director Age
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Annual Data (2014)
The average age of a director in 2014 was 46.3.
The percentage of directors under the age of 25 was 6.3% compared to the UK figure of 4.0%.
The percentage of directors over the age of 65 was 2.8% compared to the UK figure of 4.0%.
Director Age by Year
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Half Year Data (Jul-Dec 2014)
The average age of a director in the second half of 2014 was 46.2.
The percentage of directors under the age of 25 was 6.4% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 3.0% compared to the UK figure of 4.5%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
The average age of a director in the fourth quarter of 2014 was 46.4.
The percentage of directors under the age of 25 was 6.4% compared to the UK figure of 3.8%.
The percentage of directors over the age of 65 was 3.0% compared to the UK figure of 4.5%.
Director Age by Quarter
Director Gender
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Annual Data (2014)
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 2014 was 30.8%. The average for the UK during this time was 26.1%
Director Gender by Year
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Half Year Data (Jul-Dec 2014)
The record second half year for female directors in Somerset was 2007 when 34.7% of all directors were female.
30.2% of all director appointments in Somerset in the second half of 2014 were female. This compares to a UK average of 26.1% for the same period.
Director Gender by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
The record fourth quarter for female directors in Somerset was in 2005 when 33.9% of all directors were female.
30.5% of all director appointments in Somerset in the fourth quarter of 2014 were female. This compares to a UK average of 25.8% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Dec 2013-Dec 2014)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage MANAGEMENT 2.51% CONSULTING 5.22% CONSULTING 1.75% MANAGEMENT 4.58% CONSULTANCY 1.35% CONSULTANCY 3.57% WEST 1.07% PROPERTY 2.66% ENGINEERING 1.05% CONSTRUCTION 2.12% PROPERTY 0.93% ENGINEERING 2.10% J 0.89% CARE 2.02% BATH 0.85% TRADING 1.94% ELECTRICAL 0.85% LONDON 1.93% SOUTH 0.84% TRANSPORT 1.93% DESIGN 0.82% DESIGN 1.66% SOMERSET 0.80% CONSULTANTS 1.64% ASSOCIATES 0.75% ELECTRICAL 1.62% CONSTRUCTION 0.73% PROPERTIES 1.62% TRADING 0.67% BUSINESS 1.56% DEVELOPMENTS 0.67% J 1.54% PARK 0.65% CO., 1.50% (SW) 0.60% GLOBAL 1.49% CARE 0.60% INVESTMENTS 1.48% FARM 0.58% ASSOCIATES 1.47% R 0.56% DEVELOPMENTS 1.35% CONSULTANTS 0.53% MEDIA 1.33% TRANSPORT 0.53% IT 1.31% PROPERTIES 0.51% BUILDING 1.29% BUILDING 0.51% M 1.22%
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 1,404 265,608 70229 - Management consultancy activities other than financial management 445 42,290 99999 - Dormant Company 419 48,509 82990 - Other business support service activities not elsewhere classified 262 58,068 62020 - Information technology consultancy activities 208 30,178 74909 - Other professional, scientific and technical activities not elsewhere classified 181 19,049 96090 - Other service activities not elsewhere classified 156 29,009 41100 - Development of building projects 117 11,397 47910 - Retail sale via mail order houses or via Internet 113 10,107 68209 - Other letting and operating of own or leased real estate 109 11,212 74990 - Non-trading company 108 13,984 62090 - Other information technology service activities 107 12,837 98000 - Residents property management 105 5,255 43999 - Other specialised construction activities not elsewhere classified 96 8,761 62012 - Business and domestic software development 93 9,752 85590 - Other education not elsewhere classified 84 6,206 45200 - Maintenance and repair of motor vehicles 81 5,425 56101 - Licensed restaurants 80 8,782 35110 - Production of electricity 79 2,551 86900 - Other human health activities 78 12,976
Recent Companies
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Randomly selected companies from this quarter
COMPANY NUMBER COMPANY NAME INCORPORATION DATE 09247166 HATTON PRYCE LTD 02 Oct 2014 09251667 JULIET HARDICK SOLICITORS LIMITED 07 Oct 2014 09258021 XIAN MARKETING GROUP LIMITED 10 Oct 2014 09259459 RALLY AGENCY LIMITED 10 Oct 2014 09270811 DIONYSUS TECHNOLOGY LIMITED 20 Oct 2014 09275198 ZRKL LTD 22 Oct 2014 09280010 AFORD AWARDS (HOLDINGS) LIMITED 24 Oct 2014 09282027 K. D. ELDAS LIMITED 27 Oct 2014 09282980 PHYLOSOPHIE LIMITED 27 Oct 2014 09243632 MQM MEDIA LTD 01 Oct 2014 09245280 KUPA COMPANY LIMITED 02 Oct 2014 09259312 WESTWOOD 16 LIMITED 10 Oct 2014 09259957 ACO (BATH) LIMITED 13 Oct 2014 09265426 THE CATCH RESTAURANTS LIMITED 15 Oct 2014 09268377 FUN SCIENCE LTD 17 Oct 2014 09275759 BATH & SOUTH-WEST ELECTRICAL & PLUMBING SERVICES LTD 22 Oct 2014 09284108 LOGIC 2000 LIMITED 28 Oct 2014 09286571 AEOLUS POWER (MOT'S) LIMITED 29 Oct 2014 09291035 HOOK LANE LIMITED 31 Oct 2014 09253265 COLEFORD YOUTH AND COMMUNITY HUB CIC 07 Oct 2014 09274092 WESTON PET SUPPLIES LTD 21 Oct 2014 09288541 ROBBIE LAPHAN LTD 30 Oct 2014 09256282 FARMER GREEN LIMITED 09 Oct 2014 09279706 C&C (UK) LIMITED 24 Oct 2014 09283268 CODEDEV LTD 28 Oct 2014
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