Wells, Somerset
2014 Annual Business Confidence Report
Headlines
- 2014 was a record year for company registrations in Wells when compared to any year in history.
- November 2014 saw a new record in company closures in Wells when compared to any previous November.
- 2014 was a record year for net growth in Wells when compared to any year in history.
Contents
New Company Registrations
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Annual Data (2014)
2014 was a record year for company registrations in Wells when compared to any year in history.
A total of 171 companies were formed in Wells in 2014. This total is 9.6% higher than in 2013 and compares equally to the UK figure of a 10.0% growth compared to 529,363 the previous year.
Year Wells UK 2014 171 582,051 2013 156 529,363 2012 144 491,893 2011 116 452,870 2010 91 400,358 Record Year 2014 (171) 2014 (582,051) New Companies by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 a total of 75 companies were formed in Wells. This figure is 8.5% lower than last year, which compares badly to the UK wide figure of 8.2%.
The highest total for a second half year in Wells occurred in 2013 when a total of 82 were formed.
Half Year (Jul-Dec) Wells UK 2014 75 281,320 2013 82 259,931 % change -8.5% 8.2% Record Year 2013 (82) 2014 (281,320) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
A total of 38 companies were registered in Wells during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is an increase of 2.7% versus the same period last year (Q4 2013). This figure compares badly 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) Wells UK 2014 38 137,906 2013 37 127,247 % change 2.7% 8.4% Record Year 2014 (38) 2014 (137,906) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
New Companies by Month
October November December New companies in 2014 13 12 13 New companies in 2013 20 13 4 % change -35.0% -7.7% 225.0% Record Year 2012 (21) 2011 (15) 2003 (16)
Closed Companies (dissolved)
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Annual Data (2014)
A total of 91 companies were dissolved in Wells in 2014. This total is 16.7% higher than in 2013 and compares favourably to the UK figure of 10.8% growth compared to the previous year.
Year Wells UK 2014 91 367,937 2013 78 332,213 2012 64 293,729 2011 62 314,524 2010 87 342,233 Record Year 2009 (113) 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 48 companies were dissolved in Wells. This figure is 37.1% higher than last year, which compares badly to the UK wide change of 7.7%.
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 2014 48 190,730 2013 35 177,021 % change 37.1% 7.7% Record Year 2010 (52) 2009 (244,544) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
A total of 22 companies were dissolved in Wells during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is an increase of 22.2% 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) Wells UK 2014 22 89,060 2013 18 90,851 % change 22.2% -2.0% Record Year 2014 (22) 2013 (90,851) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
November 2014 saw a new record in company closures in Wells when compared to any previous November.
Dissolved Companies by Month
October November December Closed companies in 2014 6 10 6 Closed companies in 2013 7 4 7 % change -14.3% 150.0% -14% Record Year 2006 (7) 2014 (10) 2007 (8)
Net Company Growth
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Annual Data (2014)
2014 was a record year for net growth in Wells when compared to any year in history.
A total of 80 companies were added to the company register for Wells in 2014. This number represents growth of 46.8% in the total number of active companies, which compares favourably to the UK figure of 36.8%.
This number is 2 companies higher than the previous year.
The highest net company growth figure ever seen in one year came in 2012 when the Wells company register grew by 80 companies.
Year Wells UK 2014 80 214,114 2013 78 197,150 2012 80 198,164 2011 54 138,346 2010 4 58,125 Record Year 2012 (80) 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 Wells increased by 27 companies.
Half Year (Jul-Dec) Wells UK 2014 27 90,590 2013 47 82,910 Record Year 2012 (47) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
Net company growth for Wells during the fourth quarter of 2014 (Oct 2014 - Dec 2014) was 16 companies.
fourth quarter (Oct 2014 - Dec 2014) Wells UK 2014 16 48,846 2013 19 36,396 Record Year 2012 (25) 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 7 2 7 Net growth in 2013 13 9 -3 Record Year 2012 (17) 2002 (12) 2003 (11)
UK Company Share
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Annual Data (2014)
In 2014 Wells formed 0.0% of all UK companies. This is no change on 2013 when Wells was responsible for 0.0% of all UK companies.
Year Wells 2014 0.0% 2013 0.0% 2012 0.0% 2011 0.0% 2010 0.0% Record Year (since 1960) 1991 (0.0%) Company Share by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 Wells formed 0.0% of all UK companies. This is the same as the 2013 figure of 0.0%.
Half Year (Jul-Dec) Wells 2014 0.0% 2013 0.0% 2012 0.0% 2011 0.0% 2010 0.0% Record Year (since 1960) 1991 (0.0%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
In the fourth quarter of 2014, Wells formed 0.0% of all UK companies.
fourth quarter (Oct 2014 - Dec 2014) Wells 2014 0.0% 2013 0.0% 2012 0.0% 2011 0.0% 2010 0.0% Record Year (since 1960) 1962 (0.1%) 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 0.0% 0.0% 0.0% UK formation share in 2013 0.0% 0.0% 0.0% % change -38.4% -12.6% 177.6% Record Year 2002 (0.1%) 2002 (0.1%) 1962 (0.2%)
Director Age
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Annual Data (2014)
The average age of a director in 2014 was 47.4.
The percentage of directors under the age of 25 was 6.7% compared to the UK figure of 4.0%.
The percentage of directors over the age of 65 was 2.4% 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 47.2.
The percentage of directors under the age of 25 was 7.6% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 3.8% 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 48.8.
The percentage of directors under the age of 25 was 12.0% 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 Wells was 2007 when 40.3% of all directors were female.
The percentage of female directors in Wells in 2014 was 28.8%. 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 Wells was 2007 when 41.6% of all directors were female.
25.5% of all director appointments in Wells 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 Wells was in 2011 when 38.8% of all directors were female.
26.0% of all director appointments in Wells 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 CONSULTING 1.76% CONSULTING 5.22% ASSOCIATES 1.18% MANAGEMENT 4.58% B 0.88% CONSULTANCY 3.57% CONSTRUCTION 0.88% PROPERTY 2.66% (WELLS) 0.88% CONSTRUCTION 2.12% MANAGEMENT 0.88% ENGINEERING 2.10% CONTRACTING 0.88% CARE 2.02% WELLS 0.88% TRADING 1.94% DEVELOPMENTS 0.88% LONDON 1.93% BRISTOL 0.88% TRANSPORT 1.93% PRODUCTIONS 0.88% DESIGN 1.66% WHITE 0.88% CONSULTANTS 1.64% BUILDING 0.88% ELECTRICAL 1.62% BRUCE 0.88% PROPERTIES 1.62% RMR 0.59% BUSINESS 1.56% PARKER 0.59% J 1.54% FOUNDATION 0.59% CO., 1.50% KEEFE 0.59% GLOBAL 1.49% CHANT 0.59% INVESTMENTS 1.48% PRO 0.59% ASSOCIATES 1.47% PARK 0.59% DEVELOPMENTS 1.35% DESIGN 0.59% MEDIA 1.33% HABERSHON 0.59% IT 1.31% ROAD 0.59% BUILDING 1.29% CONSULTANCY 0.59% 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 37 265,608 99999 - Dormant Company 32 48,509 70229 - Management consultancy activities other than financial management 21 42,290 82990 - Other business support service activities not elsewhere classified 14 58,068 96090 - Other service activities not elsewhere classified 11 29,009 62020 - Information technology consultancy activities 7 30,178 41202 - Construction of domestic buildings 6 7,559 43999 - Other specialised construction activities not elsewhere classified 6 8,761 62012 - Business and domestic software development 5 9,752 58190 - Other publishing activities 5 2,641 74990 - Non-trading company 5 13,984 85590 - Other education not elsewhere classified 4 6,206 71122 - Engineering related scientific and technical consulting activities 4 3,184 74909 - Other professional, scientific and technical activities not elsewhere classified 4 19,049 68209 - Other letting and operating of own or leased real estate 4 11,212 56302 - Public houses and bars 4 6,285 86900 - Other human health activities 3 12,976 56210 - Event catering activities 3 2,417 55100 - Hotels and similar accommodation 3 1,774 90020 - Support activities to performing arts 3 2,173
Recent Companies
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Randomly selected companies from this quarter
COMPANY NUMBER COMPANY NAME INCORPORATION DATE 09295379 JACK HEGINBOTHAM GOLF LIMITED 04 Nov 2014 09297035 NCK CONSTRUCTION LIMITED 05 Nov 2014 09306108 RMR HR & OD CONSULTING LIMITED 11 Nov 2014 09307686 HUNTER HUBAND LIMITED 12 Nov 2014 09308313 WELLSRECRUITMENT LIMITED 12 Nov 2014 09308440 WORKRIGHTSOLUTIONS LTD 12 Nov 2014 09312757 TROWELCRAFT LTD 17 Nov 2014 09315978 KRGASPLUMBINGANDELECTRICS LTD 18 Nov 2014 09319700 NSR MANAGEMENT CONSULTING LIMITED 20 Nov 2014 09327950 MCI CONSULTING (SERVICES) LIMITED 26 Nov 2014 09330073 WHISTLEDOWN PRESS LTD 27 Nov 2014 09330408 CLAIR PRICE TRADING LIMITED 27 Nov 2014