Somerset
Q1 2015 Business Confidence Report
Headlines
- Q1 2015 saw a new record in company registrations in Somerset when compared to any previous Q1.
- Q1 2015 was a record quarter for company registrations in Somerset when compared to any quarter in history.
- February 2015 saw a new record in company registrations in Somerset when compared to any previous February.
- February 2015 saw a new record in company closures in Somerset when compared to any previous February.
Contents
New Company Registrations
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Quarterly Data (Q1 Jan-Mar 2015)
Q1 2015 saw a new record in company registrations in Somerset when compared to any previous Q1.
Q1 2015 was a record quarter for company registrations in Somerset when compared to any quarter in history.
A total of 1,217 companies were registered in Somerset during the first quarter of 2015 (Jan 2015 - Mar 2015).
This figure is an increase of 0.2% versus the same period last year (Q1 2014). This figure compares badly to the UK as a whole, which saw an increase of 6.9% against the same period last year.
first quarter (Jan 2015 - Mar 2015) Somerset UK 2015 1,217 161,156 2014 1,215 150,722 % change 0.2% 6.9% Record Year 2015 (1,217) 2007 (166,814) New Companies by Quarter
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Monthly Data (Jan, Feb & Mar 2015)
February 2015 saw a new record in company registrations in Somerset when compared to any previous February.
New Companies by Month
January February March New companies in 2015 341 375 501 New companies in 2014 363 372 480 % change -6.1% 0.8% 4.4% Record Year 2014 (363) 2015 (375) 2007 (563)
Closed Companies (dissolved)
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Quarterly Data (Q1 Jan-Mar 2015)
A total of 710 companies were dissolved in Somerset during the first quarter of 2015 (Jan 2015 - Mar 2015).
This figure is an increase of 16.6% versus the same period last year (Q1 2014). This figure compares poorly to the UK as a whole, which saw an increase of 8.7% against the same period last year.
first quarter (Jan 2015 - Mar 2015) Somerset UK 2015 710 89,523 2014 609 82,370 % change 16.6% 8.7% Record Year 2015 (710) 2009 (108,066) Dissolved Companies by Quarter
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Monthly Data (Jan, Feb & Mar 2015)
February 2015 saw a new record in company closures in Somerset when compared to any previous February.
Dissolved Companies by Month
January February March Closed companies in 2015 161 268 281 Closed companies in 2014 187 209 213 % change -13.9% 28.2% 32% Record Year 2013 (287) 2015 (268) 2009 (422)
Net Company Growth
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Quarterly Data (Q1 Jan-Mar 2015)
Net company growth for Somerset during the first quarter of 2015 (Jan 2015 - Mar 2015) was 507 companies.
first quarter (Jan 2015 - Mar 2015) Somerset UK 2015 507 71,633 2014 606 68,352 Record Year 2007 (748) 2007 (111,282) Net Growth by Quarter
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Monthly Data (Jan, Feb & Mar 2015)
Net Growth by Month
January February March Net growth in 2015 180 107 220 Net growth in 2014 176 163 267 Record Year 2003 (216) 2003 (256) 2007 (437)
UK Company Share
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Quarterly Data (Q1 Jan-Mar 2015)
In the first quarter of 2015, Somerset formed 0.8% of all UK companies.
first quarter (Jan 2015 - Mar 2015) Somerset 2015 0.8% 2014 0.8% 2013 0.8% 2012 0.8% 2011 0.9% Record Year (since 1960) 1991 (1.3%) Company Share by Quarter
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Monthly Data (Jan, Feb & Mar 2015)
Company Share by Month
January February March UK formation share in 2015 0.7% 0.7% 0.8% UK formation share in 2014 0.8% 0.8% 0.9% % change -7.9% -7.1% -4.9% Record Year 2003 (1.2%) 1991 (1.7%) 1993 (1.4%)
Director Age
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Quarterly Data (Q1 Jan-Mar 2015)
The average age of a director in the first quarter of 2015 was 46.9.
The percentage of directors under the age of 25 was 6.7% compared to the UK figure of 4.1%.
The percentage of directors over the age of 65 was 2.5% compared to the UK figure of 3.6%.
Director Age by Quarter
Director Gender
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Quarterly Data (Q1 Jan-Mar 2015)
The record first quarter for female directors in Somerset was in 2007 when 36.6% of all directors were female.
28.2% of all director appointments in Somerset in the first quarter of 2015 were female. This compares to a UK average of 26.4% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Mar 2014-Mar 2015)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage MANAGEMENT 2.60% CONSULTING 5.23% CONSULTING 1.79% MANAGEMENT 4.56% CONSULTANCY 1.35% CONSULTANCY 3.62% PROPERTY 1.12% PROPERTY 2.72% ENGINEERING 1.12% CONSTRUCTION 2.19% DESIGN 0.99% CARE 2.13% WEST 0.99% ENGINEERING 2.12% ELECTRICAL 0.93% LONDON 1.91% CONSTRUCTION 0.82% TRADING 1.88% SOUTH 0.82% TRANSPORT 1.82% J 0.80% ELECTRICAL 1.76% BATH 0.79% DESIGN 1.65% SOMERSET 0.73% PROPERTIES 1.63% DEVELOPMENTS 0.71% CO., 1.58% ASSOCIATES 0.68% J 1.55% PARK 0.66% CONSULTANTS 1.54% TRADING 0.64% BUSINESS 1.49% BUILDING 0.62% INVESTMENTS 1.49% TRANSPORT 0.60% GLOBAL 1.46% PROPERTIES 0.60% ASSOCIATES 1.44% BUSINESS 0.57% DEVELOPMENTS 1.36% S 0.57% BUILDING 1.31% CARE 0.55% IT 1.30% R 0.55% MEDIA 1.28% CONSULTANTS 0.53% M 1.27%
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 1,562 288,953 70229 - Management consultancy activities other than financial management 440 43,081 99999 - Dormant Company 416 49,474 82990 - Other business support service activities not elsewhere classified 276 58,522 62020 - Information technology consultancy activities 209 30,825 74909 - Other professional, scientific and technical activities not elsewhere classified 188 19,098 96090 - Other service activities not elsewhere classified 152 29,218 41100 - Development of building projects 122 11,863 68209 - Other letting and operating of own or leased real estate 120 11,600 98000 - Residents property management 111 5,308 74990 - Non-trading company 107 13,794 47910 - Retail sale via mail order houses or via Internet 107 10,200 62090 - Other information technology service activities 105 12,862 43999 - Other specialised construction activities not elsewhere classified 98 9,080 62012 - Business and domestic software development 98 9,651 41202 - Construction of domestic buildings 89 7,797 86900 - Other human health activities 86 13,990 35110 - Production of electricity 79 2,602 45200 - Maintenance and repair of motor vehicles 78 5,392 68320 - Management of real estate on a fee or contract basis 76 6,154
Recent Companies
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Randomly selected companies from this quarter
reports
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