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The information is accurate as of 31 December 2022.
Data courtesy of Beauhurst.

Analysis Report: Economic and Business Activity in Carmarthenshire


Carmarthenshire, a region with a dynamic economic landscape, showcases a diverse range of sectors. With a total of 35,858 employees, the area has witnessed growth in various industries. The presence of sectors like construction, retail trade, professional activities, and real estate highlights a balanced economic environment. The growth in employee numbers and the emergence of new companies underline the region’s economic vitality.

Employment and Business Growth

  • Total Employees: 35,858. Carmarthenshire’s workforce is distributed across several key sectors, indicating a robust and diversified local economy.
  • Employee Growth Rate: 19.79% growth, signifying a strong, upward trajectory in job creation.
  • Top Sectors by Company Numbers: The leading sectors include Construction (13.97%), Retail Trade (13.37%), Professional Activities (13.27%), Real Estate (7.78%), and Accommodation/Food Services (7.73%). This diversity suggests a healthy mix of traditional and service-oriented industries.
  • Top Sectors Showing Growth: Sectors like Management Consultancy, Waste Management, Food and Drink Processing, CleanTech, and Research Tools are emerging as significant growth areas.
  • Scaleups: 43 companies, indicating a nurturing environment for business expansion.

Business Continuity

  • Company Cessations: The data does not provide explicit numbers for company cessations, but the growth in new companies and overall company numbers suggests a positive trend.
  • New Companies in Last 2 Years: 1,776, reflecting a vibrant entrepreneurial ecosystem.
  • Total Number of Companies: 7,621, showing the region’s capacity to sustain a diverse business landscape.
  • Small and Medium Enterprises (SMEs): 5,932 SMEs form the backbone of the local economy, driving innovation and employment.

Gender Representation in Leadership

  • Founders Gender Breakdown: 20.97% female, 77.42% male, 1.61% unknown. This indicates a gender gap in entrepreneurship which may require targeted support for female founders.
  • Directors Gender Breakdown: 28.35% female, 67.22% male, 4.43% unknown. While better than the founders’ statistics, there’s still room for improvement in gender diversity at the director level.

Other Key Indicators

  • Exporters and Companies with Foreign Parentage: 145 exporters and 46 companies with foreign parentage, signifying the region’s integration into the global market.
  • Innovation Indicators: 101 patent owners and 5 grantees reflect an environment conducive to innovation.
  • Young Companies with Young Directors: 314 companies, suggesting a trend of youth-driven entrepreneurship.
  • Attendance in Business Events: 3 attendances, which may indicate limited engagement in wider business networks or underreporting of such activities.


Carmarthenshire displays a robust and diversified economic landscape, characterised by strong growth in employment and the emergence of new companies. The region boasts a healthy mix of sectors, with notable expansion in service-oriented industries. Despite the positive economic indicators, there is a noticeable gender disparity in entrepreneurship and leadership roles. The local economy benefits from a significant SME presence and shows signs of innovation and global integration.

Company foundations and cessations over time

Active companies over time

The information is accurate as of 31 December 2022.
Data courtesy of Beauhurst.