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
New Company Registrations
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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.
Year Hertford UK 2010 369 400,358 2009 333 362,675 2008 321 349,203 2007 376 457,649 2006 314 405,440 Record Year 2003 (440) 2007 (457,649) New Companies by Year
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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) Hertford UK 2010 182 196,609 2009 169 180,654 % change 7.7% 8.8% Record Year 2003 (199) 2003 (201,446) New Companies by Half Year
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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) Hertford UK 2010 95 95,117 2009 98 85,983 % change -3.1% 10.6% Record Year 2003 (107) 2010 (95,117) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
New Companies by Month
October November December New companies in 2010 41 31 23 New companies in 2009 26 30 42 % change 57.7% 3.3% -45.2% Record Year 2010 (41) 2003 (39) 2009 (42)
Closed Companies (dissolved)
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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.
Year Hertford UK 2010 300 342,232 2009 384 533,773 2008 205 237,901 2007 195 220,295 2006 173 200,166 Record Year 2009 (384) 2009 (533,773) Dissolved Companies by Year
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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) Hertford UK 2010 142 164,601 2009 169 244,537 % change -16.0% -32.7% Record Year 2009 (169) 2009 (244,537) Dissolved Companies by Half Year
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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) Hertford UK 2010 61 76,896 2009 73 85,136 % change -16.4% -9.7% Record Year 2009 (73) 2009 (85,136) Dissolved Companies by Quarter
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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
October November December Closed companies in 2010 20 25 16 Closed companies in 2009 27 20 26 % change -25.9% 25.0% -38% Record Year 2009 (27) 2010 (25) 2009 (26)
Net Company Growth
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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.
Year Hertford UK 2010 69 58,126 2009 -51 -171,098 2008 116 111,302 2007 181 237,354 2006 141 205,274 Record Year 2003 (278) 2003 (242,543) Net Growth by Year
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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) Hertford UK 2010 40 32,008 2009 0 -63,883 Record Year 2003 (122) 2003 (117,772) Net Growth by Half Year
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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) Hertford UK 2010 34 18,221 2009 25 847 Record Year 2003 (73) 2003 (57,175) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
Net Growth by Month
October November December Net growth in 2010 21 6 7 Net growth in 2009 -1 10 16 Record Year 2003 (26) 2003 (28) 2003 (19)
UK Company Share
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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.
Year Hertford 2010 0.1% 2009 0.1% 2008 0.1% 2007 0.1% 2006 0.1% Record Year (since 1960) 1970 (0.2%) Company Share by Year
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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 2010 0.1% 2009 0.1% 2008 0.1% 2007 0.1% 2006 0.1% Record Year (since 1960) 1981 (0.2%) Company Share by Half Year
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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 2010 0.1% 2009 0.1% 2008 0.1% 2007 0.1% 2006 0.1% Record Year (since 1960) 1965 (0.2%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
Company Share by Month
October November December UK formation share in 2010 0.1% 0.1% 0.1% UK formation share in 2009 0.1% 0.1% 0.2% % change 38.1% -7.6% -47.9% Record Year 1965 (0.6%) 1970 (0.5%) 1967 (0.3%)
Director Age
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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
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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
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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
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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
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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
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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
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Previous 12 months (Dec 2009-Dec 2010)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage CONSULTING 1.62% CONSULTING 5.06% MANAGEMENT 1.47% MANAGEMENT 5.01% RTM 1.32% CONSULTANCY 3.14% ASSOCIATES 0.88% PROPERTY 2.36% BUILDING 0.74% TRADING 2.11% M 0.74% ASSOCIATES 1.95% BUSINESS 0.59% DESIGN 1.92% HERTFORD 0.59% BUSINESS 1.82% PROPERTY 0.59% CONSTRUCTION 1.82% CONSTRUCTION 0.59% CONSULTANTS 1.76% CONSULTANCY 0.59% MEDIA 1.71% ROAD 0.59% ENGINEERING 1.62% S 0.59% LONDON 1.60% MEDIA 0.59% CARE 1.45% T 0.59% INVESTMENTS 1.44% ELECTRICAL 0.59% GLOBAL 1.43% RIGHTSHOT 0.59% J 1.42% J. 0.59% IT 1.41% C 0.59% PROPERTIES 1.34% MARKETING 0.59% INTERNATIONAL 1.34% ENERGY 0.44% BUILDING 1.34% ONE 0.44% M 1.30% PROPERTIES 0.44% ELECTRICAL 1.25% E 0.44% SYSTEMS 1.24% LONDON 0.44% S 1.23%
SIC Data
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Previous 36 months, excluding companies less than 12 months old
sic code number of companies uk companies None Supplied 147 199,572 7487 - Other business activities 47 63,348 82990 - Other business support service activities not elsewhere classified 42 27,550 70229 - Management consultancy activities other than financial management 20 14,505 7414 - Business & management consultancy 18 13,474 98000 - Residents property management 15 3,235 62090 - Other information technology service activities 13 6,330 4545 - Other building completion 11 2,598 9999 - Dormant Company 10 20,144 9305 - Other service activities 10 8,858 96090 - Other service activities not elsewhere classified 8 8,799 74990 - Non-trading company 7 8,243 74909 - Other professional, scientific and technical activities not elsewhere classified 7 7,088 4521 - General construction & civil engineering 7 6,598 4525 - Other special trades construction 6 1,811 68209 - Other letting and operating of own or leased real estate 6 3,755 7260 - Other computer related activities 6 8,089 7499 - Non-trading company 5 12,000 9800 - Residents Property Management 5 1,563 7031 - Real estate agencies 5 1,485
Recent Companies
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Randomly selected companies from this quarter
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