Hertford, Hertfordshire

2010 Annual Business Confidence Report

Headlines

  • November 2010 saw a new record in company closures in Hertford when compared to any previous November.

Contents

  1. New Company Registrations
  2. Closed Companies (dissolved)
  3. Net Company Growth
  4. UK Company Share
  5. Director Age
  6. Director Gender
  7. Naming Trends
  8. SIC Data
  9. Recent Companies

New Company Registrations

  1. Annual Data (2010)

    A total of 369 companies were formed in Hertford in 2010. This total is 10.8% higher than in 2009 and compares equally to the UK figure of a 10.4% growth compared to 362,675 the previous year.

    YearHertfordUK
    2010369400,358
    2009333362,675
    2008321349,203
    2007376457,649
    2006314405,440
    Record Year2003 (440)2007 (457,649)
    New Companies by Year
  2. Half Year Data (Jul-Dec 2010)

    In the second half of 2010 a total of 182 companies were formed in Hertford. This figure is 7.7% higher than last year, which compares badly to the UK wide figure of 8.8%.

    The highest total for a second half year in Hertford occurred in 2003 when a total of 199 were formed.

    Half Year (Jul-Dec)HertfordUK
    2010182196,609
    2009169180,654
    % change7.7%8.8%
    Record Year2003 (199)2003 (201,446)
    New Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    A total of 95 companies were registered in Hertford during the fourth quarter of 2010 (Oct 2010 - Dec 2010).

    This figure is a decrease of 3.1% versus the same period last year (Q4 2009). This figure compares badly to the UK as a whole, which saw an increase of 10.6% against the same period last year.

    fourth quarter (Oct 2010 - Dec 2010)HertfordUK
    20109595,117
    20099885,983
    % change-3.1%10.6%
    Record Year 2003 (107) 2010 (95,117)
    New Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    New Companies by Month
    OctoberNovemberDecember
    New companies in 2010413123
    New companies in 2009263042
    % change57.7%3.3%-45.2%
    Record Year2010 (41)2003 (39)2009 (42)

Closed Companies (dissolved)

  1. Annual Data (2010)

    A total of 300 companies were dissolved in Hertford in 2010. This total is 21.9% lower than in 2009 and compares favourably to the UK figure of 35.9% decrease compared to the previous year.

    YearHertfordUK
    2010300342,232
    2009384533,773
    2008205237,901
    2007195220,295
    2006173200,166
    Record Year2009 (384)2009 (533,773)
    Dissolved Companies by Year
  2. Half Year Data (Jul-Dec 2010)

    In the second half of 2010 a total of 142 companies were dissolved in Hertford. This figure is 16.0% lower than last year, which compares badly to the UK wide change of -32.7%.

    The highest total for a second half year in Hertford occurred in 2009 when a total of 169 were closed.

    Half Year (Jul-Dec)HertfordUK
    2010142164,601
    2009169244,537
    % change-16.0%-32.7%
    Record Year2009 (169)2009 (244,537)
    Dissolved Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    A total of 61 companies were dissolved in Hertford during the fourth quarter of 2010 (Oct 2010 - Dec 2010).

    This figure is a decrease of 16.4% versus the same period last year (Q4 2009). This figure compares well to the UK as a whole, which saw a decrease of 9.7% against the same period last year.

    fourth quarter (Oct 2010 - Dec 2010)HertfordUK
    20106176,896
    20097385,136
    % change-16.4%-9.7%
    Record Year 2009 (73) 2009 (85,136)
    Dissolved Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    November 2010 saw a new record in company closures in Hertford when compared to any previous November.

    Dissolved Companies by Month
    OctoberNovemberDecember
    Closed companies in 2010202516
    Closed companies in 2009272026
    % change-25.9%25.0%-38%
    Record Year2009 (27)2010 (25)2009 (26)

Net Company Growth

  1. Annual Data (2010)

    A total of 69 companies were added to the company register for Hertford in 2010. This number represents growth of 20.7% in the total number of active companies, which compares favourably to the UK figure of 16.0%.

    This number is 120 companies higher than the previous year.

    The highest net company growth figure ever seen in one year came in 2003 when the Hertford company register grew by 278 companies.

    YearHertfordUK
    20106958,126
    2009-51-171,098
    2008116111,302
    2007181237,354
    2006141205,274
    Record Year2003 (278)2003 (242,543)
    Net Growth by Year
  2. Half Year Data (Jul-Dec 2010)

    In the second half of 2010 the company register for Hertford increased by 40 companies.

    Half Year (Jul-Dec)HertfordUK
    20104032,008
    20090-63,883
    Record Year2003 (122)2003 (117,772)
    Net Growth by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    Net company growth for Hertford during the fourth quarter of 2010 (Oct 2010 - Dec 2010) was 34 companies.

    fourth quarter (Oct 2010 - Dec 2010)HertfordUK
    20103418,221
    200925847
    Record Year 2003 (73) 2003 (57,175)
    Net Growth by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    Net Growth by Month
    OctoberNovemberDecember
    Net growth in 20102167
    Net growth in 2009-11016
    Record Year2003 (26)2003 (28)2003 (19)

UK Company Share

  1. Annual Data (2010)

    In 2010 Hertford formed 0.1% of all UK companies. This is no change on 2009 when Hertford was responsible for 0.1% of all UK companies.

    YearHertford
    20100.1%
    20090.1%
    20080.1%
    20070.1%
    20060.1%
    Record Year (since 1960)1970 (0.2%)
    Company Share by Year
  2. Half Year Data (Jul-Dec 2010)

    In the second half of 2010 Hertford formed 0.1% of all UK companies. This is the same as the 2009 figure of 0.1%.

    Half Year (Jul-Dec)Hertford
    20100.1%
    20090.1%
    20080.1%
    20070.1%
    20060.1%
    Record Year (since 1960) 1981 (0.2%)
    Company Share by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    In the fourth quarter of 2010, Hertford formed 0.1% of all UK companies.

    fourth quarter (Oct 2010 - Dec 2010)Hertford
    20100.1%
    20090.1%
    20080.1%
    20070.1%
    20060.1%
    Record Year (since 1960) 1965 (0.2%)
    Company Share by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    Company Share by Month
    OctoberNovemberDecember
    UK formation share in 20100.1%0.1%0.1%
    UK formation share in 20090.1%0.1%0.2%
    % change38.1%-7.6%-47.9%
    Record Year1965 (0.6%)1970 (0.5%)1967 (0.3%)

Director Age

  1. Annual Data (2010)

    The average age of a director in 2010 was 45.6.

    The percentage of directors under the age of 25 was 1.2% compared to the UK figure of 2.5%.

    The percentage of directors over the age of 65 was 4.3% compared to the UK figure of 4.5%.

    Director Age by Year
  2. Half Year Data (Jul-Dec 2010)

    The average age of a director in the second half of 2010 was 45.8.

    The percentage of directors under the age of 25 was 1.1% compared to the UK figure of 2.8%.

    The percentage of directors over the age of 65 was 3.3% compared to the UK figure of 4.4%.

    Director Age by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    The average age of a director in the fourth quarter of 2010 was 46.3.

    The percentage of directors under the age of 25 was 0.8% compared to the UK figure of 3.0%.

    The percentage of directors over the age of 65 was 3.9% compared to the UK figure of 4.4%.

    Director Age by Quarter

Director Gender

  1. Annual Data (2010)

    The record year for female directors in Hertford was 1857 when 36.4% of all directors were female.

    The percentage of female directors in Hertford in 2010 was 23.5%. The average for the UK during this time was 26.2%

    Director Gender by Year
  2. Half Year Data (Jul-Dec 2010)

    The record second half year for female directors in Hertford was 1860 when 42.9% of all directors were female.

    39.7% of all director appointments in Hertford in the second half of 2010 were female. This compares to a UK average of 25.0% for the same period.

    Director Gender by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    The record fourth quarter for female directors in Hertford was in 1977 when 31.1% of all directors were female.

    26.8% of all director appointments in Hertford in the fourth quarter of 2010 were female. This compares to a UK average of 24.7% for the same period.

    Director Gender by Quarter

Naming Trends

  1. Previous 12 months (Dec 2009-Dec 2010)

    Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.

    wordpercentageuk worduk percentage
    CONSULTING1.62%CONSULTING5.06%
    MANAGEMENT1.47%MANAGEMENT5.01%
    RTM1.32%CONSULTANCY3.14%
    ASSOCIATES0.88%PROPERTY2.36%
    BUILDING0.74%TRADING2.11%
    M0.74%ASSOCIATES1.95%
    BUSINESS0.59%DESIGN1.92%
    HERTFORD0.59%BUSINESS1.82%
    PROPERTY0.59%CONSTRUCTION1.82%
    CONSTRUCTION0.59%CONSULTANTS1.76%
    CONSULTANCY0.59%MEDIA1.71%
    ROAD0.59%ENGINEERING1.62%
    S0.59%LONDON1.60%
    MEDIA0.59%CARE1.45%
    T0.59%INVESTMENTS1.44%
    ELECTRICAL0.59%GLOBAL1.43%
    RIGHTSHOT0.59%J1.42%
    J.0.59%IT1.41%
    C0.59%PROPERTIES1.34%
    MARKETING0.59%INTERNATIONAL1.34%
    ENERGY0.44%BUILDING1.34%
    ONE0.44%M1.30%
    PROPERTIES0.44%ELECTRICAL1.25%
    E0.44%SYSTEMS1.24%
    LONDON0.44%S1.23%

SIC Data

  1. Previous 36 months, excluding companies less than 12 months old

    sic codenumber of companiesuk companies
    None Supplied147199,572
    7487 - Other business activities4763,348
    82990 - Other business support service activities not elsewhere classified4227,550
    70229 - Management consultancy activities other than financial management2014,505
    7414 - Business & management consultancy1813,474
    98000 - Residents property management153,235
    62090 - Other information technology service activities136,330
    4545 - Other building completion112,598
    9999 - Dormant Company1020,144
    9305 - Other service activities108,858
    96090 - Other service activities not elsewhere classified88,799
    74990 - Non-trading company78,243
    74909 - Other professional, scientific and technical activities not elsewhere classified77,088
    4521 - General construction & civil engineering76,598
    4525 - Other special trades construction61,811
    68209 - Other letting and operating of own or leased real estate63,755
    7260 - Other computer related activities68,089
    7499 - Non-trading company512,000
    9800 - Residents Property Management51,563
    7031 - Real estate agencies51,485

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    07454447 LASER HIRE LONDON LIMITED 29 Nov 2010
    07452182 Z.F.P. LTD 26 Nov 2010
    07449902 FX COMPARE LTD 24 Nov 2010
    07448350 ORBITAL REPAIR SOLUTIONS LTD 23 Nov 2010
    07447198 ASPINALLS BUILDERS LTD 22 Nov 2010
    07446864 FLOORPLAN NORTH WEST LIMITED 22 Nov 2010
    07438812 FX DEALING FLOOR LTD 12 Nov 2010
    07436210 DPD MANAGEMENT CONSULTANTS LIMITED 11 Nov 2010
    07427263 STRONGA UK LIMITED 02 Nov 2010
    07448925 SO NATURALLY LTD 23 Nov 2010
    07448250 THE WHISTLING DUCK LIMITED 23 Nov 2010
    07448060 WILKINSON (2010) LTD 23 Nov 2010
    07444721 FROST FAMILY INVESTMENT COMPANY 18 Nov 2010
    07440888 NOUVITA HEALTHCARE LTD 16 Nov 2010
    07437554 F D TRAINING LIMITED 11 Nov 2010
    07437546 FIN DIVERS LIMITED 11 Nov 2010
    07436913 WELLINGTON ASSOCIATES (UK) LTD 11 Nov 2010
    07436715 J. WARD BUILDERS LIMITED 11 Nov 2010
    07436036 A. S. A. INTERIORS LIMITED 11 Nov 2010
    07433858 COMPOSITE DOOR SHOP LTD 09 Nov 2010
    07433562 BUY BYE LTD 09 Nov 2010
    07433421 NEWMANS COURT (NUMBERS 8 & 9) COMPANY LIMITED 09 Nov 2010
    07432835 JONES WRIGHT LIMITED 08 Nov 2010
    07432680 HANICA STATISTICAL CONSULTING LIMITED 08 Nov 2010
    OC359224 W J MEADE LLP 03 Nov 2010