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

Analysis Report: Economic and Business Activity in Carmarthenshire

Overview

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.

Conclusion

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.

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