Hertford, Hertfordshire

2014 Half Year Business Confidence Report

Headlines

  • Q2 2014 saw a new record in company registrations in Hertford when compared to any previous Q2.
  • June 2014 saw a new record in company registrations in Hertford when compared to any previous June.
  • April 2014 saw a new record in net growth in Hertford when compared to any previous April.

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. Half Year Data (Jan-Jun 2014)

    In the first half of 2014 a total of 240 companies were formed in Hertford. This figure is 4.8% higher than last year, which compares badly to the UK wide figure of 11.6%.

    The highest total for a first half year in Hertford occurred in 2003 when a total of 241 were formed.

    Half Year (Jan-Jun)HertfordUK
    2014240300,731
    2013229269,432
    % change4.8%11.6%
    Record Year2003 (241)2014 (300,731)
    New Companies by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    Q2 2014 saw a new record in company registrations in Hertford when compared to any previous Q2.

    A total of 115 companies were registered in Hertford during the second quarter of 2014 (Apr 2014 - Jun 2014).

    This figure is an increase of 8.5% versus the same period last year (Q2 2013). This figure compares equally to the UK as a whole, which saw an increase of 11.4% against the same period last year.

    second quarter (Apr 2014 - Jun 2014)HertfordUK
    2014115150,009
    2013106134,630
    % change8.5%11.4%
    Record Year 2014 (115) 2014 (150,009)
    New Companies by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    June 2014 saw a new record in company registrations in Hertford when compared to any previous June.

    New Companies by Month
    AprilMayJune
    New companies in 2014393541
    New companies in 2013432934
    % change-9.3%20.7%20.6%
    Record Year2013 (43)2007 (46)2014 (41)

Closed Companies (dissolved)

  1. Half Year Data (Jan-Jun 2014)

    In the first half of 2014 a total of 145 companies were dissolved in Hertford. This figure is 0.7% higher than last year, which compares well to the UK wide change of 14.2%.

    The highest total for a first half year in Hertford occurred in 2009 when a total of 215 were closed.

    Half Year (Jan-Jun)HertfordUK
    2014145177,207
    2013144155,192
    % change0.7%14.2%
    Record Year2009 (215)2009 (289,245)
    Dissolved Companies by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    A total of 76 companies were dissolved in Hertford during the second quarter of 2014 (Apr 2014 - Jun 2014).

    This figure is a decrease of 2.6% versus the same period last year (Q2 2013). This figure compares well to the UK as a whole, which saw an increase of 22.7% against the same period last year.

    second quarter (Apr 2014 - Jun 2014)HertfordUK
    20147694,837
    20137877,278
    % change-2.6%22.7%
    Record Year 2009 (144) 2009 (181,179)
    Dissolved Companies by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    Dissolved Companies by Month
    AprilMayJune
    Closed companies in 2014133627
    Closed companies in 2013331827
    % change-60.6%100.0%0%
    Record Year2013 (33)2009 (70)2009 (44)

Net Company Growth

  1. Half Year Data (Jan-Jun 2014)

    In the first half of 2014 the company register for Hertford increased by 95 companies.

    Half Year (Jan-Jun)HertfordUK
    201495123,524
    201385114,240
    Record Year2003 (156)2007 (171,296)
    Net Growth by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    Net company growth for Hertford during the second quarter of 2014 (Apr 2014 - Jun 2014) was 39 companies.

    second quarter (Apr 2014 - Jun 2014)HertfordUK
    20143955,172
    20132857,352
    Record Year 2007 (68) 2007 (60,014)
    Net Growth by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    April 2014 saw a new record in net growth in Hertford when compared to any previous April.

    Net Growth by Month
    AprilMayJune
    Net growth in 201426-114
    Net growth in 201310117
    Record Year2014 (26)2003 (30)2008 (35)

UK Company Share

  1. Half Year Data (Jan-Jun 2014)

    In the first half of 2014 Hertford formed 0.1% of all UK companies. This is the same as the 2013 figure of 0.1%.

    Half Year (Jan-Jun)Hertford
    20140.1%
    20130.1%
    20120.1%
    20110.1%
    20100.1%
    Record Year (since 1960) 2000 (0.1%)
    Company Share by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    In the second quarter of 2014, Hertford formed 0.1% of all UK companies.

    second quarter (Apr 2014 - Jun 2014)Hertford
    20140.1%
    20130.1%
    20120.1%
    20110.1%
    20100.1%
    Record Year (since 1960) 1994 (0.1%)
    Company Share by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    Company Share by Month
    AprilMayJune
    UK formation share in 20140.1%0.1%0.1%
    UK formation share in 20130.1%0.1%0.1%
    % change-18.1%11.4%4.5%
    Record Year1998 (0.1%)1994 (0.2%)1991 (0.2%)

Director Age

  1. Half Year Data (Jan-Jun 2014)

    The average age of a director in the first half of 2014 was 44.4.

    The percentage of directors under the age of 25 was 4.7% compared to the UK figure of 4.3%.

    The percentage of directors over the age of 65 was 3.3% compared to the UK figure of 3.5%.

    Director Age by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    The average age of a director in the second quarter of 2014 was 43.7.

    The percentage of directors under the age of 25 was 5.3% compared to the UK figure of 3.9%.

    The percentage of directors over the age of 65 was 3.5% compared to the UK figure of 3.6%.

    Director Age by Quarter

Director Gender

  1. Half Year Data (Jan-Jun 2014)

    The record first half year for female directors in Hertford was 2006 when 34.5% of all directors were female.

    29.3% of all director appointments in Hertford in the first half of 2014 were female. This compares to a UK average of 26.1% for the same period.

    Director Gender by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    The record second quarter for female directors in Hertford was in 2010 when 36.8% of all directors were female.

    27.8% of all director appointments in Hertford in the second quarter of 2014 were female. This compares to a UK average of 25.9% for the same period.

    Director Gender by Quarter

Naming Trends

  1. Previous 12 months (Jun 2013-Jun 2014)

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

    wordpercentageuk worduk percentage
    CONSULTING2.10%CONSULTING5.16%
    MANAGEMENT1.48%MANAGEMENT4.64%
    LONDON1.11%CONSULTANCY3.50%
    INVESTMENTS1.11%PROPERTY2.66%
    HERTFORD0.99%TRADING2.03%
    DESIGN0.99%ENGINEERING1.99%
    GROUP0.74%CONSTRUCTION1.93%
    CARE0.74%LONDON1.93%
    ASSOCIATES0.74%CARE1.85%
    ELECTRICAL0.74%DESIGN1.75%
    NEW0.74%CONSULTANTS1.73%
    EVENTS0.62%BUSINESS1.69%
    R0.62%PROPERTIES1.63%
    PRODUCTIONS0.49%TRANSPORT1.58%
    CAPITAL0.49%GLOBAL1.55%
    CONTRACTORS0.49%INVESTMENTS1.55%
    CENTRE0.49%J1.51%
    DIGITAL0.49%ASSOCIATES1.48%
    ERA0.49%MEDIA1.44%
    PROPERTY0.49%ELECTRICAL1.40%
    M0.49%IT1.33%
    COMMUNICATIONS0.49%DEVELOPMENTS1.33%
    PROPERTIES0.49%BUILDING1.26%
    BUILDING0.49%M1.24%
    WHITE0.49%CO.,1.20%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied134261,557
    82990 - Other business support service activities not elsewhere classified9857,421
    70229 - Management consultancy activities other than financial management6340,250
    99999 - Dormant Company3848,436
    96090 - Other service activities not elsewhere classified2628,352
    74909 - Other professional, scientific and technical activities not elsewhere classified2419,058
    62020 - Information technology consultancy activities2329,029
    74990 - Non-trading company1314,351
    41100 - Development of building projects1210,527
    47910 - Retail sale via mail order houses or via Internet119,900
    69201 - Accounting and auditing activities117,415
    43390 - Other building completion and finishing115,855
    56101 - Licensed restaurants108,585
    62090 - Other information technology service activities1013,024
    56302 - Public houses and bars106,099
    45200 - Maintenance and repair of motor vehicles95,375
    86900 - Other human health activities911,292
    43210 - Electrical installation96,050
    93199 - Other sports activities84,027
    43999 - Other specialised construction activities not elsewhere classified88,533

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    09023403 HYTRONIK (UK) LIMITED 02 May 2014
    09025943 BE.ELECTRICAL CONTRACTORS LTD 06 May 2014
    09032320 HOTSPUR TRADING LIMITED 09 May 2014
    09035468 H NORRIS LEGAL SERVICES LIMITED 12 May 2014
    09044455 PTC LONDON LIMITED 16 May 2014
    09051376 RESPUN DIGITAL LTD 22 May 2014
    09021529 EQUITY RELEASE MATTERS LIMITED 01 May 2014
    09025017 AGGMAX TRANSPORT LTD 06 May 2014
    09025390 HAART ASSOCIATES LTD 06 May 2014
    09027500 ONLINE SOLAR SOLUTIONS LIMITED 07 May 2014
    09028271 TMENTOR LIMITED 07 May 2014
    09043093 ENACTOR ON DEMAND LIMITED 16 May 2014
    09045189 CIRCLE IMMIGRATION LTD 19 May 2014
    09045197 GLOBAL CRM LIMITED 19 May 2014
    09047670 W1N & CO. LTD 20 May 2014
    09047807 PRESTIGE VEHICLE CONSULTANTS LTD 20 May 2014
    09052019 SMOKY MOJO LTD 22 May 2014
    09053084 AILLSE LIMITED 22 May 2014
    09055787 FRESHWATER ACCOUNTANCY SERVICES LIMITED 27 May 2014
    09055850 ASSURECOMMUNITY LTD 27 May 2014
    09055855 DRAGONFLY CENTRE LTD 27 May 2014
    09055966 ASSURE EXCHANGE LTD 27 May 2014
    09057268 ASSUREPARTNERS LTD 27 May 2014
    09062618 HERTINGFORDBURY ROAD LIMITED 29 May 2014
    09063557 TIGER LILLYS FLORISTS LIMITED 30 May 2014