Hertford, Hertfordshire

2012 Annual Business Confidence Report

Headlines

  • October 2012 saw a new record in company closures in Hertford when compared to any previous October.

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 (2012)

    A total of 404 companies were formed in Hertford in 2012. This total is 2.2% lower than in 2011 and compares poorly to the UK figure of a 8.6% growth compared to 452,870 the previous year.

    YearHertfordUK
    2012404491,893
    2011413452,870
    2010369400,358
    2009333362,675
    2008321349,203
    Record Year2003 (440)2012 (491,893)
    New Companies by Year
  2. Half Year Data (Jul-Dec 2012)

    In the second half of 2012 a total of 192 companies were formed in Hertford. This figure is 9.0% lower than last year, which compares badly to the UK wide figure of 6.5%.

    The highest total for a second half year in Hertford occurred in 2011 when a total of 211 were formed.

    Half Year (Jul-Dec)HertfordUK
    2012192238,743
    2011211224,135
    % change-9.0%6.5%
    Record Year2011 (211)2012 (238,743)
    New Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2012)

    A total of 87 companies were registered in Hertford during the fourth quarter of 2012 (Oct 2012 - Dec 2012).

    This figure is a decrease of 13.9% versus the same period last year (Q4 2011). This figure compares badly to the UK as a whole, which saw an increase of 9.4% against the same period last year.

    fourth quarter (Oct 2012 - Dec 2012)HertfordUK
    201287119,875
    2011101109,623
    % change-13.9%9.4%
    Record Year 2003 (107) 2012 (119,875)
    New Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2012)

    New Companies by Month
    OctoberNovemberDecember
    New companies in 2012362922
    New companies in 2011423920
    % change-14.3%-25.6%10.0%
    Record Year2011 (42)2011 (39)2009 (42)

Closed Companies (dissolved)

  1. Annual Data (2012)

    A total of 256 companies were dissolved in Hertford in 2012. This total is 11.7% lower than in 2011 and compares unfavourably to the UK figure of 6.6% decrease compared to the previous year.

    YearHertfordUK
    2012256293,728
    2011290314,524
    2010300342,233
    2009384533,787
    2008205237,873
    Record Year2009 (384)2009 (533,787)
    Dissolved Companies by Year
  2. Half Year Data (Jul-Dec 2012)

    In the second half of 2012 a total of 131 companies were dissolved in Hertford. This figure is 10.3% lower than last year, which compares well to the UK wide change of -4.1%.

    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
    2012131145,934
    2011146152,213
    % change-10.3%-4.1%
    Record Year2009 (169)2009 (244,543)
    Dissolved Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2012)

    A total of 58 companies were dissolved in Hertford during the fourth quarter of 2012 (Oct 2012 - Dec 2012).

    This figure is a decrease of 20.5% versus the same period last year (Q4 2011). This figure compares well to the UK as a whole, which saw a decrease of 12.4% against the same period last year.

    fourth quarter (Oct 2012 - Dec 2012)HertfordUK
    20125870,026
    20117379,983
    % change-20.5%-12.4%
    Record Year 2011 (73) 2009 (85,139)
    Dissolved Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2012)

    October 2012 saw a new record in company closures in Hertford when compared to any previous October.

    Dissolved Companies by Month
    OctoberNovemberDecember
    Closed companies in 2012301711
    Closed companies in 2011173026
    % change76.5%-43.3%-58%
    Record Year2012 (30)2011 (30)2011 (26)

Net Company Growth

  1. Annual Data (2012)

    A total of 148 companies were added to the company register for Hertford in 2012. This number represents growth of 35.8% in the total number of active companies, which compares unfavourably to the UK figure of 43.8%.

    This number is 25 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
    2012148198,165
    2011123138,346
    20106958,125
    2009-51-171,112
    2008116111,330
    Record Year2003 (278)2003 (242,541)
    Net Growth by Year
  2. Half Year Data (Jul-Dec 2012)

    In the second half of 2012 the company register for Hertford increased by 61 companies.

    Half Year (Jul-Dec)HertfordUK
    20126192,809
    20116571,922
    Record Year2003 (122)2003 (117,772)
    Net Growth by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2012)

    Net company growth for Hertford during the fourth quarter of 2012 (Oct 2012 - Dec 2012) was 29 companies.

    fourth quarter (Oct 2012 - Dec 2012)HertfordUK
    20122949,849
    20112829,640
    Record Year 2003 (73) 2003 (57,175)
    Net Growth by Quarter
  4. Monthly Data (Oct, Nov & Dec 2012)

    Net Growth by Month
    OctoberNovemberDecember
    Net growth in 201261211
    Net growth in 2011259-6
    Record Year2003 (26)2003 (28)2003 (19)

UK Company Share

  1. Annual Data (2012)

    In 2012 Hertford formed 0.1% of all UK companies. This is no change on 2011 when Hertford was responsible for 0.1% of all UK companies.

    YearHertford
    20120.1%
    20110.1%
    20100.1%
    20090.1%
    20080.1%
    Record Year (since 1960)1970 (0.2%)
    Company Share by Year
  2. Half Year Data (Jul-Dec 2012)

    In the second half of 2012 Hertford formed 0.1% of all UK companies. This is the same as the 2011 figure of 0.1%.

    Half Year (Jul-Dec)Hertford
    20120.1%
    20110.1%
    20100.1%
    20090.1%
    20080.1%
    Record Year (since 1960) 1981 (0.2%)
    Company Share by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2012)

    In the fourth quarter of 2012, Hertford formed 0.1% of all UK companies.

    fourth quarter (Oct 2012 - Dec 2012)Hertford
    20120.1%
    20110.1%
    20100.1%
    20090.1%
    20080.1%
    Record Year (since 1960) 1965 (0.2%)
    Company Share by Quarter
  4. Monthly Data (Oct, Nov & Dec 2012)

    Company Share by Month
    OctoberNovemberDecember
    UK formation share in 20120.1%0.1%0.1%
    UK formation share in 20110.1%0.1%0.1%
    % change-28.0%-29.3%7.0%
    Record Year1965 (0.6%)1970 (0.5%)1967 (0.3%)

Director Age

  1. Annual Data (2012)

    The average age of a director in 2012 was 44.5.

    The percentage of directors under the age of 25 was 4.3% compared to the UK figure of 3.8%.

    The percentage of directors over the age of 65 was 3.7% compared to the UK figure of 4.1%.

    Director Age by Year
  2. Half Year Data (Jul-Dec 2012)

    The average age of a director in the second half of 2012 was 45.1.

    The percentage of directors under the age of 25 was 4.4% compared to the UK figure of 4.3%.

    The percentage of directors over the age of 65 was 4.8% compared to the UK figure of 4.0%.

    Director Age by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2012)

    The average age of a director in the fourth quarter of 2012 was 43.8.

    The percentage of directors under the age of 25 was 5.7% compared to the UK figure of 4.4%.

    The percentage of directors over the age of 65 was 2.3% compared to the UK figure of 3.9%.

    Director Age by Quarter

Director Gender

  1. Annual Data (2012)

    The record year for female directors in Hertford was 1860 when 35.7% of all directors were female.

    The percentage of female directors in Hertford in 2012 was 30.4%. The average for the UK during this time was 29.9%

    Director Gender by Year
  2. Half Year Data (Jul-Dec 2012)

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

    27.0% of all director appointments in Hertford in the second half of 2012 were female. This compares to a UK average of 25.5% for the same period.

    Director Gender by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2012)

    The record fourth quarter for female directors in Hertford was in 1977 when 31.2% of all directors were female.

    32.0% of all director appointments in Hertford in the fourth quarter of 2012 were female. This compares to a UK average of 25.3% for the same period.

    Director Gender by Quarter

Naming Trends

  1. Previous 12 months (Dec 2011-Dec 2012)

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

    wordpercentageuk worduk percentage
    CONSULTING1.65%CONSULTING5.15%
    CONSULTANTS1.10%MANAGEMENT4.78%
    MANAGEMENT0.96%CONSULTANCY3.31%
    PROPERTY0.96%PROPERTY2.40%
    CONSULTANCY0.96%TRADING2.03%
    DESIGN0.96%DESIGN1.86%
    CONSTRUCTION0.83%ASSOCIATES1.82%
    BUSINESS0.83%ENGINEERING1.79%
    JAMES0.69%BUSINESS1.76%
    STREET0.55%CONSULTANTS1.75%
    HERTS0.55%CONSTRUCTION1.69%
    SECURITY0.55%LONDON1.69%
    CARE0.55%MEDIA1.69%
    DIGITAL0.55%GLOBAL1.59%
    ASSOCIATES0.55%J1.57%
    LONDON0.55%INVESTMENTS1.46%
    MODUS0.41%IT1.43%
    BLUE0.41%CARE1.39%
    EUROPE0.41%PROPERTIES1.34%
    FINANCIAL0.41%M1.26%
    PRINT0.41%BUILDING1.23%
    EVENTS0.41%ENTERPRISES1.21%
    40.41%TRAINING1.18%
    INVESTMENTS0.41%ELECTRICAL1.17%
    CONTRACTS0.41%SECURITY1.17%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied159236,139
    82990 - Other business support service activities not elsewhere classified7352,427
    70229 - Management consultancy activities other than financial management3930,396
    99999 - Dormant Company3740,648
    98000 - Residents property management244,377
    96090 - Other service activities not elsewhere classified2122,058
    62020 - Information technology consultancy activities1723,256
    7487 - Other business activities1510,703
    43390 - Other building completion and finishing134,882
    49410 - Freight transport by road125,165
    41100 - Development of building projects127,980
    56302 - Public houses and bars104,543
    43999 - Other specialised construction activities not elsewhere classified106,419
    45200 - Maintenance and repair of motor vehicles104,290
    62090 - Other information technology service activities912,291
    43210 - Electrical installation95,304
    74909 - Other professional, scientific and technical activities not elsewhere classified815,572
    96020 - Hairdressing and other beauty treatment84,759
    62012 - Business and domestic software development77,446
    68209 - Other letting and operating of own or leased real estate76,971

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    08234458 GREEN SKY THINKING LIMITED 01 Oct 2012
    08252624 NISHI SINGH LIMITED 15 Oct 2012
    08253077 FRESH PERSPECTIVE THERAPY LIMITED 15 Oct 2012
    08258327 AFSCO LIMITED 18 Oct 2012
    08265433 RVC (HERTS) LTD 23 Oct 2012
    08266877 RUTH BLAKEY LIMITED 24 Oct 2012
    08274467 HM TRADE LTD 30 Oct 2012
    08236772 TON-UP MOTORCYCLES LIMITED 02 Oct 2012
    08236776 DIGITAL NATIVE ASSOCIATES LIMITED 02 Oct 2012
    08237180 ALUMINIUM PROFILE SUPPLIES LIMITED 02 Oct 2012
    08244760 MAY'S STORES LTD 09 Oct 2012
    08245062 KELLY SWALLOW LTD 09 Oct 2012
    08245562 C CHARLES CONSULTANCY LTD 09 Oct 2012
    08246358 STREET SPIRIT COMMUNITY INTEREST COMPANY 09 Oct 2012
    08246494 STIRBAN CONSTRUCTION LTD 09 Oct 2012
    08247381 BETOCARE UK LIMITED 10 Oct 2012
    08247943 NEWTON RENOVATIONS LIMITED 10 Oct 2012
    08250493 FRESH DEVELOPMENT TEAM LIMITED 12 Oct 2012
    08253691 ALDA PROPERTY LIMITED 15 Oct 2012
    08254090 TOM DRIVING SERVICES LTD 16 Oct 2012
    08257378 DOMINIC JAMES (HOLDINGS) LIMITED 17 Oct 2012
    08261483 BOULEVARD 88 LIMITED 22 Oct 2012
    OC379551 TRANSATLANTIC TRANSLATIONS SOLUTIONS LLP 22 Oct 2012
    08264897 AGMSV LIMITED 23 Oct 2012
    08268844 MENS STYLING LTD 25 Oct 2012