Hertford, Hertfordshire
2014 Annual Business Confidence Report
Headlines
- 2014 was a record year for company registrations in Hertford when compared to any year in history.
- The second half of 2014 saw a new record in company registrations in Hertford when compared to any previous second half year.
- December 2014 saw a new record in company closures in Hertford when compared to any previous December.
Contents
New Company Registrations
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Annual Data (2014)
2014 was a record year for company registrations in Hertford when compared to any year in history.
A total of 458 companies were formed in Hertford in 2014. This total is 4.1% higher than in 2013 and compares poorly to the UK figure of a 10.0% growth compared to 529,363 the previous year.
Year Hertford UK 2014 458 582,051 2013 440 529,363 2012 404 491,893 2011 413 452,870 2010 369 400,358 Record Year 2014 (458) 2014 (582,051) New Companies by Year
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Half Year Data (Jul-Dec 2014)
The second half of 2014 saw a new record in company registrations in Hertford when compared to any previous second half year.
In the second half of 2014 a total of 218 companies were formed in Hertford. This figure is 3.3% higher than last year, which compares badly to the UK wide figure of 8.2%.
The highest total for a second half year in Hertford occurred in 2014 when a total of 218 were formed.
Half Year (Jul-Dec) Hertford UK 2014 218 281,320 2013 211 259,931 % change 3.3% 8.2% Record Year 2014 (218) 2014 (281,320) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
A total of 95 companies were registered in Hertford during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is an increase of 6.7% versus the same period last year (Q4 2013). This figure compares equally to the UK as a whole, which saw an increase of 8.4% against the same period last year.
fourth quarter (Oct 2014 - Dec 2014) Hertford UK 2014 95 137,906 2013 89 127,247 % change 6.7% 8.4% Record Year 2011 (101) 2014 (137,906) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
New Companies by Month
October November December New companies in 2014 41 34 20 New companies in 2013 27 45 17 % change 51.9% -24.4% 17.6% Record Year 2011 (42) 2013 (45) 2009 (42)
Closed Companies (dissolved)
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Annual Data (2014)
A total of 295 companies were dissolved in Hertford in 2014. This total is 4.8% lower than in 2013 and compares unfavourably to the UK figure of 10.8% growth compared to the previous year.
Year Hertford UK 2014 295 367,937 2013 310 332,213 2012 256 293,729 2011 290 314,524 2010 300 342,233 Record Year 2009 (384) 2009 (533,789) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 a total of 150 companies were dissolved in Hertford. This figure is 9.6% lower than last year, which compares well to the UK wide change of 7.7%.
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 2014 150 190,730 2013 166 177,021 % change -9.6% 7.7% Record Year 2009 (169) 2009 (244,544) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
A total of 72 companies were dissolved in Hertford during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is a decrease of 12.2% versus the same period last year (Q4 2013). This figure compares well to the UK as a whole, which saw a decrease of 2.0% against the same period last year.
fourth quarter (Oct 2014 - Dec 2014) Hertford UK 2014 72 89,060 2013 82 90,851 % change -12.2% -2.0% Record Year 2013 (82) 2013 (90,851) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
December 2014 saw a new record in company closures in Hertford when compared to any previous December.
Dissolved Companies by Month
October November December Closed companies in 2014 19 21 32 Closed companies in 2013 27 33 22 % change -29.6% -36.4% 45% Record Year 2012 (30) 2013 (33) 2014 (32)
Net Company Growth
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Annual Data (2014)
A total of 163 companies were added to the company register for Hertford in 2014. This number represents growth of 35.6% in the total number of active companies, which compares unfavourably to the UK figure of 36.8%.
This number is 33 companies higher than the previous year.
The highest net company growth figure ever seen in one year came in 2007 when the Hertford company register grew by 181 companies.
Year Hertford UK 2014 163 214,114 2013 130 197,150 2012 148 198,164 2011 123 138,346 2010 69 58,125 Record Year 2007 (181) 2007 (237,353) Net Growth by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 the company register for Hertford increased by 68 companies.
Half Year (Jul-Dec) Hertford UK 2014 68 90,590 2013 45 82,910 Record Year 2003 (122) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
Net company growth for Hertford during the fourth quarter of 2014 (Oct 2014 - Dec 2014) was 23 companies.
fourth quarter (Oct 2014 - Dec 2014) Hertford UK 2014 23 48,846 2013 7 36,396 Record Year 2006 (39) 2012 (49,848) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Net Growth by Month
October November December Net growth in 2014 22 13 -12 Net growth in 2013 0 12 -5 Record Year 2003 (26) 2003 (28) 2003 (19)
UK Company Share
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Annual Data (2014)
In 2014 Hertford formed 0.1% of all UK companies. This is no change on 2013 when Hertford was responsible for 0.1% of all UK companies.
Year Hertford 2014 0.1% 2013 0.1% 2012 0.1% 2011 0.1% 2010 0.1% Record Year (since 1960) 1996 (0.1%) Company Share by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 Hertford formed 0.1% of all UK companies. This is the same as the 2013 figure of 0.1%.
Half Year (Jul-Dec) Hertford 2014 0.1% 2013 0.1% 2012 0.1% 2011 0.1% 2010 0.1% Record Year (since 1960) 1996 (0.1%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
In the fourth quarter of 2014, Hertford formed 0.1% of all UK companies.
fourth quarter (Oct 2014 - Dec 2014) Hertford 2014 0.1% 2013 0.1% 2012 0.1% 2011 0.1% 2010 0.1% Record Year (since 1960) 1990 (0.1%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Company Share by Month
October November December UK formation share in 2014 0.1% 0.1% 0.0% UK formation share in 2013 0.1% 0.1% 0.0% % change 44.4% -28.3% 0.6% Record Year 1971 (0.2%) 1990 (0.2%) 1987 (0.3%)
Director Age
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Annual Data (2014)
The average age of a director in 2014 was 44.7.
The percentage of directors under the age of 25 was 5.2% compared to the UK figure of 4.0%.
The percentage of directors over the age of 65 was 3.2% compared to the UK figure of 4.0%.
Director Age by Year
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Half Year Data (Jul-Dec 2014)
The average age of a director in the second half of 2014 was 45.1.
The percentage of directors under the age of 25 was 5.8% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 3.1% compared to the UK figure of 4.5%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
The average age of a director in the fourth quarter of 2014 was 44.8.
The percentage of directors under the age of 25 was 6.8% 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 4.5%.
Director Age by Quarter
Director Gender
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Annual Data (2014)
The record year for female directors in Hertford was 1984 when 100.0% of all directors were female.
The percentage of female directors in Hertford in 2014 was 28.7%. The average for the UK during this time was 26.1%
Director Gender by Year
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Half Year Data (Jul-Dec 2014)
The record second half year for female directors in Hertford was 2006 when 34.2% of all directors were female.
28.1% of all director appointments in Hertford in the second half of 2014 were female. This compares to a UK average of 26.1% for the same period.
Director Gender by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
The record fourth quarter for female directors in Hertford was in 2012 when 37.5% of all directors were female.
29.3% of all director appointments in Hertford in the fourth quarter of 2014 were female. This compares to a UK average of 25.8% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Dec 2013-Dec 2014)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage CONSULTING 2.04% CONSULTING 5.22% MANAGEMENT 1.68% MANAGEMENT 4.58% HERTFORD 1.32% CONSULTANCY 3.57% LONDON 1.08% PROPERTY 2.66% J 0.84% CONSTRUCTION 2.12% ELECTRICAL 0.84% ENGINEERING 2.10% CREATIVE 0.72% CARE 2.02% ASSOCIATES 0.72% TRADING 1.94% CONSULTANCY 0.72% LONDON 1.93% DESIGN 0.72% TRANSPORT 1.93% PROPERTY 0.72% DESIGN 1.66% PROPERTIES 0.72% CONSULTANTS 1.64% PROPS 0.60% ELECTRICAL 1.62% INVESTMENTS 0.60% PROPERTIES 1.62% DIGITAL 0.60% BUSINESS 1.56% ROOFING 0.48% J 1.54% ROAD 0.48% CO., 1.50% SPECIALISTS 0.48% GLOBAL 1.49% R 0.48% INVESTMENTS 1.48% GROUP 0.48% ASSOCIATES 1.47% CONSTRUCTION 0.48% DEVELOPMENTS 1.35% CONTRACTORS 0.48% MEDIA 1.33% NORTH 0.48% IT 1.31% EVENTS 0.36% BUILDING 1.29% C 0.36% M 1.22%
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 133 265,608 82990 - Other business support service activities not elsewhere classified 95 58,068 70229 - Management consultancy activities other than financial management 59 42,290 99999 - Dormant Company 31 48,509 62020 - Information technology consultancy activities 26 30,178 74909 - Other professional, scientific and technical activities not elsewhere classified 25 19,049 96090 - Other service activities not elsewhere classified 21 29,009 62090 - Other information technology service activities 14 12,837 43390 - Other building completion and finishing 12 5,931 47910 - Retail sale via mail order houses or via Internet 11 10,107 41100 - Development of building projects 11 11,397 74990 - Non-trading company 11 13,984 93199 - Other sports activities 10 4,176 47710 - Retail sale of clothing in specialised stores 9 3,359 43999 - Other specialised construction activities not elsewhere classified 8 8,761 68320 - Management of real estate on a fee or contract basis 8 6,010 86900 - Other human health activities 8 12,976 43210 - Electrical installation 8 5,985 69201 - Accounting and auditing activities 8 7,528 56101 - Licensed restaurants 7 8,782
Recent Companies
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Randomly selected companies from this quarter
COMPANY NUMBER COMPANY NAME INCORPORATION DATE 09333671 JTCLS LIMITED 01 Dec 2014 09334373 SOLO VOI LTD 01 Dec 2014 09339241 JON DURBIN ASSOCIATES LIMITED 03 Dec 2014 09340022 VIRSTOR LTD 03 Dec 2014 09346099 GRAY CHAUFFEUR SERVICES LIMITED 08 Dec 2014 OC397106 STREAK LLP 15 Dec 2014 09367999 ZACCHEAUS PLATFORMS LTD 29 Dec 2014 09368701 TACKLEMAN LIMITED 29 Dec 2014 09338268 J COOK LANDSCAPES LIMITED 03 Dec 2014 09343019 MANDELA'S GUN UK LIMITED 05 Dec 2014 09343666 BLUE LILY ACCOUNTANCY LIMITED 05 Dec 2014 09345864 QUBIX SOLUTIONS LIMITED 08 Dec 2014 09346781 CMD INSIGHT UK LIMITED 09 Dec 2014 09357417 MADA SURVEYING SERVICES LIMITED 16 Dec 2014 09360210 HALCYON DIRECT MARKETING LTD 18 Dec 2014 09360453 DL GRAPHICS CREATIVE LIMITED 18 Dec 2014 09360493 NICOLA MELLOWS DESIGN CONSULTANCY LIMITED 18 Dec 2014 09360686 ENTERPRISE LETTINGS LIMITED 18 Dec 2014 09362109 ROTHSCHILD & BICKERS PARTS LIMITED 19 Dec 2014 09366810 CALTON 1964 LIMITED 24 Dec 2014
reports
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