Wells, Somerset
2010 Annual Business Confidence Report
Headlines
- The second half of 2010 saw a new record in company closures in Wells when compared to any previous second half year.
- Q4 2010 saw a new record in company closures in Wells when compared to any previous Q4.
- November 2010 saw a new record in company closures in Wells when compared to any previous November.
- October 2010 saw a new record in company closures in Wells when compared to any previous October.
Contents
New Company Registrations
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Annual Data (2010)
A total of 91 companies were formed in Wells in 2010. This total is 15.0% lower than in 2009 and compares poorly to the UK figure of a 10.4% growth compared to 362,675 the previous year.
Year Wells UK 2010 91 400,358 2009 107 362,675 2008 97 349,203 2007 111 457,649 2006 112 405,440 Record Year 2003 (117) 2007 (457,649) New Companies by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 a total of 47 companies were formed in Wells. This figure is 0.0% the same as last year, which compares badly to the UK wide figure of 8.8%.
The highest total for a second half year in Wells occurred in 2002 when a total of 65 were formed.
Half Year (Jul-Dec) Wells UK 2010 47 196,609 2009 47 180,654 % change 0.0% 8.8% Record Year 2002 (65) 2003 (201,446) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
A total of 28 companies were registered in Wells during the fourth quarter of 2010 (Oct 2010 - Dec 2010).
This figure is an increase of 3.7% versus the same period last year (Q4 2009). This figure compares badly to the UK as a whole, which saw an increase of 10.6% against the same period last year.
fourth quarter (Oct 2010 - Dec 2010) Wells UK 2010 28 95,117 2009 27 85,983 % change 3.7% 10.6% Record Year 2002 (41) 2010 (95,117) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
New Companies by Month
October November December New companies in 2010 13 8 7 New companies in 2009 12 9 6 % change 8.3% -11.1% 16.7% Record Year 2002 (18) 2002 (15) 2003 (16)
Closed Companies (dissolved)
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Annual Data (2010)
A total of 87 companies were dissolved in Wells in 2010. This total is 23.0% lower than in 2009 and compares favourably to the UK figure of 35.9% decrease compared to the previous year.
Year Wells UK 2010 87 342,232 2009 113 533,773 2008 67 237,901 2007 52 220,295 2006 48 200,166 Record Year 2009 (113) 2009 (533,773) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2010)
The second half of 2010 saw a new record in company closures in Wells when compared to any previous second half year.
In the second half of 2010 a total of 52 companies were dissolved in Wells. This figure is 30.0% higher than last year, which compares badly to the UK wide change of -32.7%.
The highest total for a second half year in Wells occurred in 2010 when a total of 52 were closed.
Half Year (Jul-Dec) Wells UK 2010 52 164,601 2009 40 244,537 % change 30.0% -32.7% Record Year 2010 (52) 2009 (244,537) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
Q4 2010 saw a new record in company closures in Wells when compared to any previous Q4.
A total of 21 companies were dissolved in Wells during the fourth quarter of 2010 (Oct 2010 - Dec 2010).
This figure is an increase of 40.0% versus the same period last year (Q4 2009). This figure compares poorly to the UK as a whole, which saw a decrease of 9.7% against the same period last year.
fourth quarter (Oct 2010 - Dec 2010) Wells UK 2010 21 76,896 2009 15 85,136 % change 40.0% -9.7% Record Year 2010 (21) 2009 (85,136) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
November 2010 saw a new record in company closures in Wells when compared to any previous November.
October 2010 saw a new record in company closures in Wells when compared to any previous October.
Dissolved Companies by Month
October November December Closed companies in 2010 7 9 5 Closed companies in 2009 4 6 5 % change 75.0% 50.0% 0% Record Year 2006 (7) 2010 (9) 2007 (8)
Net Company Growth
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Annual Data (2010)
A total of 4 companies were added to the company register for Wells in 2010. This number represents growth of 3.7% in the total number of active companies, which compares unfavourably to the UK figure of 16.0%.
This number is 10 companies higher than the previous year.
The highest net company growth figure ever seen in one year came in 2003 when the Wells company register grew by 79 companies.
Year Wells UK 2010 4 58,126 2009 -6 -171,098 2008 30 111,302 2007 59 237,354 2006 64 205,274 Record Year 2003 (79) 2003 (242,543) Net Growth by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 the company register for Wells decreased by 5 companies.
Half Year (Jul-Dec) Wells UK 2010 -5 32,008 2009 7 -63,883 Record Year 2002 (43) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
Net company growth for Wells during the fourth quarter of 2010 (Oct 2010 - Dec 2010) was 7 companies.
fourth quarter (Oct 2010 - Dec 2010) Wells UK 2010 7 18,221 2009 12 847 Record Year 2002 (31) 2003 (57,175) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
Net Growth by Month
October November December Net growth in 2010 6 -1 2 Net growth in 2009 8 3 1 Record Year 2002 (14) 2002 (12) 2003 (11)
UK Company Share
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Annual Data (2010)
In 2010 Wells formed 0.0% of all UK companies. This is no change on 2009 when Wells was responsible for 0.0% of all UK companies.
Year Wells 2010 0.0% 2009 0.0% 2008 0.0% 2007 0.0% 2006 0.0% Record Year (since 1960) 1991 (0.0%) Company Share by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 Wells formed 0.0% of all UK companies. This is the same as the 2009 figure of 0.0%.
Half Year (Jul-Dec) Wells 2010 0.0% 2009 0.0% 2008 0.0% 2007 0.0% 2006 0.0% Record Year (since 1960) 1979 (0.1%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
In the fourth quarter of 2010, Wells formed 0.0% of all UK companies.
fourth quarter (Oct 2010 - Dec 2010) Wells 2010 0.0% 2009 0.0% 2008 0.0% 2007 0.0% 2006 0.0% Record Year (since 1960) 1975 (0.1%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
Company Share by Month
October November December UK formation share in 2010 0.0% 0.0% 0.0% UK formation share in 2009 0.0% 0.0% 0.0% % change -5.2% -20.5% 11.2% Record Year 1963 (0.1%) 1980 (0.2%) 1975 (0.2%)
Director Age
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Annual Data (2010)
The average age of a director in 2010 was 48.7.
The percentage of directors under the age of 25 was 2.5% compared to the UK figure of 2.5%.
The percentage of directors over the age of 65 was 6.3% compared to the UK figure of 4.5%.
Director Age by Year
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Half Year Data (Jul-Dec 2010)
The average age of a director in the second half of 2010 was 50.3.
The percentage of directors under the age of 25 was 1.2% compared to the UK figure of 2.8%.
The percentage of directors over the age of 65 was 8.2% compared to the UK figure of 4.4%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
The average age of a director in the fourth quarter of 2010 was 49.1.
The percentage of directors under the age of 25 was 2.0% compared to the UK figure of 3.0%.
The percentage of directors over the age of 65 was 8.0% compared to the UK figure of 4.4%.
Director Age by Quarter
Director Gender
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Annual Data (2010)
The record year for female directors in Wells was 1857 when 36.4% of all directors were female.
The percentage of female directors in Wells in 2010 was 25.1%. The average for the UK during this time was 26.2%
Director Gender by Year
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Half Year Data (Jul-Dec 2010)
The record second half year for female directors in Wells was 1860 when 42.9% of all directors were female.
29.9% of all director appointments in Wells in the second half of 2010 were female. This compares to a UK average of 25.0% for the same period.
Director Gender by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
The record fourth quarter for female directors in Wells was in 1977 when 31.1% of all directors were female.
28.3% of all director appointments in Wells in the fourth quarter of 2010 were female. This compares to a UK average of 24.7% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Dec 2009-Dec 2010)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage CONSULTING 2.12% CONSULTING 5.06% BUSINESS 1.59% MANAGEMENT 5.01% CONSTRUCTION 1.59% CONSULTANCY 3.14% ON 1.06% PROPERTY 2.36% C.I.C. 1.06% TRADING 2.11% AGENCY 1.06% ASSOCIATES 1.95% BUILDING 1.06% DESIGN 1.92% MILL 1.06% BUSINESS 1.82% MARKETING 1.06% CONSTRUCTION 1.82% CUTHBERTS 1.06% CONSULTANTS 1.76% SOMERSET 1.06% MEDIA 1.71% IN 1.06% ENGINEERING 1.62% POND 1.06% LONDON 1.60% MANAGEMENT 1.06% CARE 1.45% ST 1.06% INVESTMENTS 1.44% EVENTS 1.06% GLOBAL 1.43% WELLS 1.06% J 1.42% MAINTENANCE 1.06% IT 1.41% J 1.06% PROPERTIES 1.34% NATURE 1.06% INTERNATIONAL 1.34% R 1.06% BUILDING 1.34% CONSULTANCY 1.06% M 1.30% DESIGN 1.06% ELECTRICAL 1.25% IEXD 0.53% SYSTEMS 1.24% TESTING 0.53% S 1.23%
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 34 199,572 7487 - Other business activities 13 63,348 82990 - Other business support service activities not elsewhere classified 12 27,550 99999 - Dormant Company 10 16,285 74909 - Other professional, scientific and technical activities not elsewhere classified 7 7,088 70229 - Management consultancy activities other than financial management 6 14,505 7414 - Business & management consultancy 5 13,474 62020 - Information technology consultancy activities 5 9,177 4521 - General construction & civil engineering 4 6,598 96090 - Other service activities not elsewhere classified 3 8,799 62090 - Other information technology service activities 3 6,330 41100 - Development of building projects 3 3,765 7420 - Architectural, technical consult 2 1,848 69102 - Solicitors 2 815 86220 - Specialists medical practice activities 2 778 9999 - Dormant Company 2 20,144 47591 - Retail sale of musical instruments and scores 2 37 74990 - Non-trading company 2 8,243 7222 - Other software consultancy and supply 2 7,298 70100 - Activities of head offices 2 2,862
Recent Companies
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Randomly selected companies from this quarter
COMPANY NUMBER COMPANY NAME INCORPORATION DATE 07417752 ST CUTHBERTS HOLDINGS LIMITED 25 Oct 2010 07417000 ST CUTHBERTS MILL LIMITED 22 Oct 2010 07413500 G.L.E. - GERT LUSH EVENTS LTD 20 Oct 2010 07411273 JOE CHIDGEY LIMITED 18 Oct 2010 07410621 WOODFORD JOINERY LTD 18 Oct 2010 07409809 JN CRABB BUILDING CONTRACTOR LIMITED 18 Oct 2010 07407891 R G SYMES LIMITED 14 Oct 2010 07406837 LAURA TRACEY LIMITED 14 Oct 2010 07406042 VUSE LTD 13 Oct 2010 07405933 WILD NATURE FOCUS LTD 13 Oct 2010 07398575 DYNAMIC BOOKKEEPING LTD 06 Oct 2010 07397420 PINNACLE MARKETING CONSULTANCY LIMITED 05 Oct 2010 07396028 IEXD LTD 04 Oct 2010