Hertford, Hertfordshire
2011 Annual Business Confidence Report
Headlines
- The second half of 2011 saw a new record in company registrations in Hertford when compared to any previous second half year.
- October 2011 saw a new record in company registrations in Hertford when compared to any previous October.
- December 2011 saw a new record in company closures in Hertford when compared to any previous December.
- November 2011 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 (2011)
A total of 413 companies were formed in Hertford in 2011. This total is 11.9% higher than in 2010 and compares equally to the UK figure of a 13.1% growth compared to 400,358 the previous year.
Year Hertford UK 2011 413 452,870 2010 369 400,358 2009 333 362,675 2008 321 349,203 2007 376 457,649 Record Year 2003 (440) 2007 (457,649) New Companies by Year
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Half Year Data (Jul-Dec 2011)
The second half of 2011 saw a new record in company registrations in Hertford when compared to any previous second half year.
In the second half of 2011 a total of 211 companies were formed in Hertford. This figure is 15.9% higher than last year, which compares well to the UK wide figure of 14.0%.
The highest total for a second half year in Hertford occurred in 2011 when a total of 211 were formed.
Half Year (Jul-Dec) Hertford UK 2011 211 224,135 2010 182 196,609 % change 15.9% 14.0% Record Year 2011 (211) 2011 (224,135) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2011)
A total of 101 companies were registered in Hertford during the fourth quarter of 2011 (Oct 2011 - Dec 2011).
This figure is an increase of 6.3% versus the same period last year (Q4 2010). This figure compares badly to the UK as a whole, which saw an increase of 15.3% against the same period last year.
fourth quarter (Oct 2011 - Dec 2011) Hertford UK 2011 101 109,623 2010 95 95,117 % change 6.3% 15.3% Record Year 2003 (107) 2011 (109,623) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2011)
October 2011 saw a new record in company registrations in Hertford when compared to any previous October.
New Companies by Month
October November December New companies in 2011 42 39 20 New companies in 2010 41 31 23 % change 2.4% 25.8% -13.0% Record Year 2011 (42) 2003 (39) 2009 (42)
Closed Companies (dissolved)
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Annual Data (2011)
A total of 290 companies were dissolved in Hertford in 2011. This total is 3.3% lower than in 2010 and compares favourably to the UK figure of 8.1% decrease compared to the previous year.
Year Hertford UK 2011 290 314,523 2010 300 342,232 2009 384 533,773 2008 205 237,901 2007 195 220,295 Record Year 2009 (384) 2009 (533,773) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2011)
In the second half of 2011 a total of 146 companies were dissolved in Hertford. This figure is 2.8% higher than last year, which compares badly to the UK wide change of -7.5%.
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 2011 146 152,213 2010 142 164,601 % change 2.8% -7.5% Record Year 2009 (169) 2009 (244,537) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2011)
A total of 73 companies were dissolved in Hertford during the fourth quarter of 2011 (Oct 2011 - Dec 2011).
This figure is an increase of 19.7% versus the same period last year (Q4 2010). This figure compares poorly to the UK as a whole, which saw an increase of 4.0% against the same period last year.
fourth quarter (Oct 2011 - Dec 2011) Hertford UK 2011 73 79,983 2010 61 76,896 % change 19.7% 4.0% Record Year 2011 (73) 2009 (85,136) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2011)
December 2011 saw a new record in company closures in Hertford when compared to any previous December.
November 2011 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 2011 17 30 26 Closed companies in 2010 20 25 16 % change -15.0% 20.0% 63% Record Year 2009 (27) 2011 (30) 2011 (26)
Net Company Growth
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Annual Data (2011)
A total of 123 companies were added to the company register for Hertford in 2011. This number represents growth of 33.3% in the total number of active companies, which compares unfavourably to the UK figure of 34.6%.
This number is 54 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 2011 123 138,347 2010 69 58,126 2009 -51 -171,098 2008 116 111,302 2007 181 237,354 Record Year 2003 (278) 2003 (242,543) Net Growth by Year
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Half Year Data (Jul-Dec 2011)
In the second half of 2011 the company register for Hertford increased by 65 companies.
Half Year (Jul-Dec) Hertford UK 2011 65 71,922 2010 40 32,008 Record Year 2003 (122) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2011)
Net company growth for Hertford during the fourth quarter of 2011 (Oct 2011 - Dec 2011) was 28 companies.
fourth quarter (Oct 2011 - Dec 2011) Hertford UK 2011 28 29,640 2010 34 18,221 Record Year 2003 (73) 2003 (57,175) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2011)
Net Growth by Month
October November December Net growth in 2011 25 9 -6 Net growth in 2010 21 6 7 Record Year 2003 (26) 2003 (28) 2003 (19)
UK Company Share
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Annual Data (2011)
In 2011 Hertford formed 0.1% of all UK companies. This is no change on 2010 when Hertford was responsible for 0.1% of all UK companies.
Year Hertford 2011 0.1% 2010 0.1% 2009 0.1% 2008 0.1% 2007 0.1% Record Year (since 1960) 1970 (0.2%) Company Share by Year
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Half Year Data (Jul-Dec 2011)
In the second half of 2011 Hertford formed 0.1% of all UK companies. This is the same as the 2010 figure of 0.1%.
Half Year (Jul-Dec) Hertford 2011 0.1% 2010 0.1% 2009 0.1% 2008 0.1% 2007 0.1% Record Year (since 1960) 1981 (0.2%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2011)
In the fourth quarter of 2011, Hertford formed 0.1% of all UK companies.
fourth quarter (Oct 2011 - Dec 2011) Hertford 2011 0.1% 2010 0.1% 2009 0.1% 2008 0.1% 2007 0.1% Record Year (since 1960) 1965 (0.2%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2011)
Company Share by Month
October November December UK formation share in 2011 0.1% 0.1% 0.1% UK formation share in 2010 0.1% 0.1% 0.1% % change -11.0% 7.1% -22.9% Record Year 1965 (0.6%) 1970 (0.5%) 1967 (0.3%)
Director Age
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Annual Data (2011)
The average age of a director in 2011 was 45.0.
The percentage of directors under the age of 25 was 2.5% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 4.3% compared to the UK figure of 4.2%.
Director Age by Year
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Half Year Data (Jul-Dec 2011)
The average age of a director in the second half of 2011 was 45.1.
The percentage of directors under the age of 25 was 2.2% compared to the UK figure of 4.1%.
The percentage of directors over the age of 65 was 4.1% compared to the UK figure of 4.1%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2011)
The average age of a director in the fourth quarter of 2011 was 46.3.
The percentage of directors under the age of 25 was 1.6% compared to the UK figure of 4.2%.
The percentage of directors over the age of 65 was 6.3% compared to the UK figure of 4.1%.
Director Age by Quarter
Director Gender
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Annual Data (2011)
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 2011 was 28.9%. The average for the UK during this time was 28.6%
Director Gender by Year
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Half Year Data (Jul-Dec 2011)
The record second half year for female directors in Hertford was 1860 when 42.9% of all directors were female.
27.9% of all director appointments in Hertford in the second half of 2011 were female. This compares to a UK average of 25.7% for the same period.
Director Gender by Half Year
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Quarterly Data (Q4 Oct-Dec 2011)
The record fourth quarter for female directors in Hertford was in 1977 when 31.1% of all directors were female.
26.6% of all director appointments in Hertford in the fourth quarter of 2011 were female. This compares to a UK average of 25.3% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Dec 2010-Dec 2011)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage MANAGEMENT 1.61% CONSULTING 5.07% HERTFORD 1.34% MANAGEMENT 4.74% RTM 1.07% CONSULTANCY 3.26% CONSULTING 1.07% PROPERTY 2.37% LONDON 0.94% TRADING 2.07% ASSOCIATES 0.81% DESIGN 1.92% CONSTRUCTION 0.67% ASSOCIATES 1.86% CONSULTANCY 0.67% ENGINEERING 1.78% PROPERTY 0.67% BUSINESS 1.78% ELECTRICAL 0.67% CONSULTANTS 1.76% J 0.67% CONSTRUCTION 1.73% TRANSPORT 0.54% MEDIA 1.71% HAIR 0.54% LONDON 1.63% L 0.54% J 1.51% M 0.54% INVESTMENTS 1.48% GREHAN 0.54% GLOBAL 1.46% INVESTMENTS 0.54% IT 1.41% R 0.54% CARE 1.39% PALLETT 0.54% PROPERTIES 1.29% HOUSE 0.54% ELECTRICAL 1.29% MOBILE 0.40% M 1.27% SPORTS 0.40% BUILDING 1.26% PROJECT 0.40% ENERGY 1.25% CO 0.40% S 1.20% CARE 0.40% ENTERPRISES 1.20%
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 142 205,525 7487 - Other business activities 58 57,052 82990 - Other business support service activities not elsewhere classified 38 32,483 70229 - Management consultancy activities other than financial management 20 17,765 98000 - Residents property management 19 2,874 7414 - Business & management consultancy 17 13,034 4545 - Other building completion 11 2,369 99999 - Dormant Company 11 21,846 9305 - Other service activities 10 9,492 68209 - Other letting and operating of own or leased real estate 9 4,082 74909 - Other professional, scientific and technical activities not elsewhere classified 9 8,671 43390 - Other building completion and finishing 9 2,832 9999 - Dormant Company 8 20,199 9800 - Residents Property Management 7 1,451 41100 - Development of building projects 7 4,331 62090 - Other information technology service activities 7 7,493 68310 - Real estate agencies 6 2,037 62020 - Information technology consultancy activities 6 12,072 64999 - Financial intermediation not elsewhere classified 6 2,946 4525 - Other special trades construction 6 1,651
Recent Companies
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Randomly selected companies from this quarter
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