Of the 24 respondents to CEWs 2019 mapping of the sector, commissioned by Welsh Government, 75 per cent are well established social enterprises, established between 1989 and 2012. Comparing this track record with data from Companies House on survival rates for mainstream profit distributing companies. We see an 80 per cent failure rate within their first year. According to the latest figures from the Office for National Statistics, released in November 2019, only 42.4 per cent of profit distributing businesses started in 2013 were still trading five years later in 2018.
Wales’s Social PfR sector is ripe for development and provides a relatively stable base.
CEW’s 2019 mapping showed the largest portion of respondents (representing one third) had an individual turnover of between £500k and £1m.
The 2019 snapshot showed there were 382.4 FTE employees with
966 volunteer placements being accommodated (both the employees and the volunteers are drawn from the cohorts of people that are marginalized, if not alienated, in the world of work).
71% of Wales’s Social PfR organisations provide training within their communities, improving skills and job prospects beyond the sector.