Jewellery/Watches/Clocks/Gold/Silver Store in Vågan

Jewellery/watches/clocks/gold/silver store in Vågan is a small, dispersed industry with two registered companies. In recent years, the number of employees has grown from zero to seven in 2025, before decreasing to six in 2026. Although sales data is missing for all years, organisational statistics show that the dominant company form is AS. The industry has not registered any bankruptcies, but there is clear variation in employee numbers and business history. This indicates an industry in transition, with potential growth opportunities, but also challenges related to data quality and economic stability.

Sales Development

Sales data for the industry in Vågan shows zero income for all years from 2016 to 2026. This may indicate that companies do not report sales data, or that the business is in an early stage. There are no annual changes in sales value, making it difficult to assess the industry's economic dynamics.

Number of Employees

The number of employees has been highly variable. Two employees were registered in 2016, but the number dropped to zero in 2019 and 2020 before increasing to seven in 2025. The most significant increase was recorded from 2024 to 2025 (+250%). In 2026, the number was reduced to six. This shows a short-term but significant growth period after 2024.

Registered Companies

There are two companies registered in the industry in Vågan:

Organisational Forms

AS is the only organisational form reported, with one company and six employees. The ENK form is also present, but without employees. This indicates that AS is the most common company form in the industry in Vågan.

Distribution of Business

The business is distributed across two city districts in Vågan:

Svolvær is the only location with active employees in the industry, while Kabelvåg has a company without employees. This shows that Svolvær is the main hub for the industry in the municipality.

Bankruptcies and Stability

There are no registered bankruptcies in the industry in Vågan. This indicates that companies in the industry have been economically stable, even though sales data is missing. However, there is clear variation in the number of employees, which may indicate fluctuations in business activity. Svolvær Klokker Og Smykker As, founded in 2024, has been active with six employees, while E. Jensen Gullvarforretning Arvid Nilsen has been inactive since its founding in 2004.

Development Trends

The industry shows potential signs of growth, especially after 2024 when the number of employees increased from two to seven. This may indicate an increasing demand for services in jewellery and clocks in the region. However, missing sales data makes it difficult to assess the business's financial health. For entrepreneurs, this could be an opportunity to establish themselves in an industry with growth potential, but it is important to consider local market conditions and competition from existing companies.

The jewellery and clock industry in Vågan is small, but shows signs of growth in employee numbers after 2024. However, there is missing sales data and a dispersed distribution of business activity. Entrepreneurs should consider opportunities in Svolvær, where there is an active company structure, as well as the challenges related to data quality and competition from existing companies. SmartGrunder can help find suitable locations and assess market conditions in the municipality.