Hertfordshire

2012 Annual Business Confidence Report

Headlines

  • The second half of 2012 saw a new record in company registrations in Hertfordshire when compared to any previous second half year.
  • Q4 2012 saw a new record in company registrations in Hertfordshire when compared to any previous Q4.
  • October 2012 saw a new record in company registrations in Hertfordshire when compared to any previous October.
  • October 2012 saw a new record in company closures in Hertfordshire when compared to any previous October.
  • The second half of 2012 saw a new record in net growth in Hertfordshire when compared to any previous second half year.
  • Q4 2012 saw a new record in net growth in Hertfordshire when compared to any previous Q4.
  • November 2012 saw a new record in net growth in Hertfordshire when compared to any previous November.

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 13,080 companies were formed in Hertfordshire in 2012. This total is 6.8% higher than in 2011 and compares equally to the UK figure of a 8.6% growth compared to 452,870 the previous year.

    YearHertfordshireUK
    201213,080491,893
    201112,251452,870
    201010,716400,358
    20099,816362,675
    20089,595349,203
    Record Year2007 (13,277)2012 (491,893)
    New Companies by Year
  2. Half Year Data (Jul-Dec 2012)

    The second half of 2012 saw a new record in company registrations in Hertfordshire when compared to any previous second half year.

    In the second half of 2012 a total of 6,175 companies were formed in Hertfordshire. This figure is 4.4% higher than last year, which compares badly to the UK wide figure of 6.5%.

    The highest total for a second half year in Hertfordshire occurred in 2012 when a total of 6,175 were formed.

    Half Year (Jul-Dec)HertfordshireUK
    20126,175238,743
    20115,915224,135
    % change4.4%6.5%
    Record Year2012 (6,175)2012 (238,743)
    New Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2012)

    Q4 2012 saw a new record in company registrations in Hertfordshire when compared to any previous Q4.

    A total of 3,009 companies were registered in Hertfordshire during the fourth quarter of 2012 (Oct 2012 - Dec 2012).

    This figure is an increase of 3.8% 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)HertfordshireUK
    20123,009119,875
    20112,900109,623
    % change3.8%9.4%
    Record Year 2012 (3,009) 2012 (119,875)
    New Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2012)

    October 2012 saw a new record in company registrations in Hertfordshire when compared to any previous October.

    New Companies by Month
    OctoberNovemberDecember
    New companies in 20121,2221,035752
    New companies in 20111,0481,064788
    % change16.6%-2.7%-4.6%
    Record Year2012 (1,222)2011 (1,064)2005 (794)

Closed Companies (dissolved)

  1. Annual Data (2012)

    A total of 7,496 companies were dissolved in Hertfordshire in 2012. This total is 3.8% lower than in 2011 and compares favourably to the UK figure of 6.6% decrease compared to the previous year.

    YearHertfordshireUK
    20127,496293,728
    20117,796314,524
    20108,551342,233
    200914,987533,787
    20085,941237,873
    Record Year2009 (14,987)2009 (533,787)
    Dissolved Companies by Year
  2. Half Year Data (Jul-Dec 2012)

    In the second half of 2012 a total of 3,751 companies were dissolved in Hertfordshire. This figure is 0.2% lower than last year, which compares badly to the UK wide change of -4.1%.

    The highest total for a second half year in Hertfordshire occurred in 2009 when a total of 5,911 were closed.

    Half Year (Jul-Dec)HertfordshireUK
    20123,751145,934
    20113,760152,213
    % change-0.2%-4.1%
    Record Year2009 (5,911)2009 (244,543)
    Dissolved Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2012)

    A total of 1,813 companies were dissolved in Hertfordshire during the fourth quarter of 2012 (Oct 2012 - Dec 2012).

    This figure is a decrease of 9.7% versus the same period last year (Q4 2011). This figure compares poorly 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)HertfordshireUK
    20121,81370,026
    20112,00879,983
    % change-9.7%-12.4%
    Record Year 2009 (2,237) 2009 (85,139)
    Dissolved Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2012)

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

    Dissolved Companies by Month
    OctoberNovemberDecember
    Closed companies in 2012881597335
    Closed companies in 2011476783749
    % change85.1%-23.8%-55%
    Record Year2012 (881)2010 (822)2009 (810)

Net Company Growth

  1. Annual Data (2012)

    A total of 5,584 companies were added to the company register for Hertfordshire in 2012. This number represents growth of 45.6% in the total number of active companies, which compares favourably to the UK figure of 43.8%.

    This number is 1,129 companies higher than the previous year.

    The highest net company growth figure ever seen in one year came in 2007 when the Hertfordshire company register grew by 7,342 companies.

    YearHertfordshireUK
    20125,584198,165
    20114,455138,346
    20102,16558,125
    2009-5,171-171,112
    20083,654111,330
    Record Year2007 (7,342)2003 (242,541)
    Net Growth by Year
  2. Half Year Data (Jul-Dec 2012)

    The second half of 2012 saw a new record in net growth in Hertfordshire when compared to any previous second half year.

    In the second half of 2012 the company register for Hertfordshire increased by 2,424 companies.

    Half Year (Jul-Dec)HertfordshireUK
    20122,42492,809
    20112,15571,922
    Record Year2012 (2,424)2003 (117,772)
    Net Growth by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2012)

    Q4 2012 saw a new record in net growth in Hertfordshire when compared to any previous Q4.

    Net company growth for Hertfordshire during the fourth quarter of 2012 (Oct 2012 - Dec 2012) was 1,196 companies.

    fourth quarter (Oct 2012 - Dec 2012)HertfordshireUK
    20121,19649,849
    201189229,640
    Record Year 2012 (1,196) 2003 (57,175)
    Net Growth by Quarter
  4. Monthly Data (Oct, Nov & Dec 2012)

    November 2012 saw a new record in net growth in Hertfordshire when compared to any previous November.

    Net Growth by Month
    OctoberNovemberDecember
    Net growth in 2012341438417
    Net growth in 201157228139
    Record Year2011 (572)2012 (438)2005 (421)

UK Company Share

  1. Annual Data (2012)

    In 2012 Hertfordshire formed 2.7% of all UK companies. This is no change on 2011 when Hertfordshire was responsible for 2.7% of all UK companies.

    YearHertfordshire
    20122.7%
    20112.7%
    20102.7%
    20092.7%
    20082.7%
    Record Year (since 1960)1960 (3.6%)
    Company Share by Year
  2. Half Year Data (Jul-Dec 2012)

    In the second half of 2012 Hertfordshire formed 2.6% of all UK companies. This is the same as the 2011 figure of 2.6%.

    Half Year (Jul-Dec)Hertfordshire
    20122.6%
    20112.6%
    20102.6%
    20092.7%
    20082.8%
    Record Year (since 1960) 1962 (3.8%)
    Company Share by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2012)

    In the fourth quarter of 2012, Hertfordshire formed 2.5% of all UK companies.

    fourth quarter (Oct 2012 - Dec 2012)Hertfordshire
    20122.5%
    20112.6%
    20102.6%
    20092.7%
    20082.7%
    Record Year (since 1960) 1965 (4.0%)
    Company Share by Quarter
  4. Monthly Data (Oct, Nov & Dec 2012)

    Company Share by Month
    OctoberNovemberDecember
    UK formation share in 20122.7%2.4%2.4%
    UK formation share in 20112.7%2.6%2.6%
    % change-2.0%-7.4%-7.1%
    Record Year1962 (5.3%)1970 (4.2%)1960 (4.2%)

Director Age

  1. Annual Data (2012)

    The average age of a director in 2012 was 44.1.

    The percentage of directors under the age of 25 was 3.5% compared to the UK figure of 3.8%.

    The percentage of directors over the age of 65 was 4.4% 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 43.7.

    The percentage of directors under the age of 25 was 4.1% compared to the UK figure of 4.3%.

    The percentage of directors over the age of 65 was 4.4% 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 43.7.

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

    The percentage of directors over the age of 65 was 4.0% 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 Hertfordshire was 1860 when 35.7% of all directors were female.

    The percentage of female directors in Hertfordshire in 2012 was 28.6%. 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 Hertfordshire was 1860 when 42.9% of all directors were female.

    27.6% of all director appointments in Hertfordshire 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 Hertfordshire was in 1977 when 31.2% of all directors were female.

    27.2% of all director appointments in Hertfordshire 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
    CONSULTING3.34%CONSULTING5.15%
    MANAGEMENT2.54%MANAGEMENT4.78%
    CONSULTANCY1.66%CONSULTANCY3.31%
    PROPERTY1.19%PROPERTY2.40%
    ASSOCIATES1.16%TRADING2.03%
    CONSTRUCTION1.04%DESIGN1.86%
    CONSULTANTS0.98%ASSOCIATES1.82%
    TRADING0.83%ENGINEERING1.79%
    LONDON0.83%BUSINESS1.76%
    SALES0.78%CONSULTANTS1.75%
    DESIGN0.78%CONSTRUCTION1.69%
    IT0.77%LONDON1.69%
    BUSINESS0.76%MEDIA1.69%
    MEDIA0.70%GLOBAL1.59%
    GLOBAL0.68%J1.57%
    PROPERTIES0.68%INVESTMENTS1.46%
    J0.65%IT1.43%
    CARE0.63%CARE1.39%
    INVESTMENTS0.60%PROPERTIES1.34%
    MARKETING0.59%M1.26%
    ELECTRICAL0.59%BUILDING1.23%
    SYSTEMS0.57%ENTERPRISES1.21%
    BUILDING0.53%TRAINING1.18%
    CAPITAL0.52%ELECTRICAL1.17%
    MEDICAL0.52%SECURITY1.17%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied6,012236,139
    82990 - Other business support service activities not elsewhere classified1,37052,427
    70229 - Management consultancy activities other than financial management1,22030,396
    62020 - Information technology consultancy activities98823,256
    99999 - Dormant Company89840,648
    96090 - Other service activities not elsewhere classified64922,058
    74909 - Other professional, scientific and technical activities not elsewhere classified42715,572
    62090 - Other information technology service activities39412,291
    74990 - Non-trading company37013,808
    7487 - Other business activities28810,703
    41100 - Development of building projects2367,980
    98000 - Residents property management2264,377
    62012 - Business and domestic software development2187,446
    86900 - Other human health activities1987,866
    69201 - Accounting and auditing activities1836,177
    86101 - Hospital activities1812,187
    43999 - Other specialised construction activities not elsewhere classified1776,419
    43390 - Other building completion and finishing1624,882
    49410 - Freight transport by road1535,165
    43210 - Electrical installation1515,304

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    08321113 ALBIE BROUN LTD 06 Dec 2012
    08334076 RB THAI LEGAL (UK) LIMITED 17 Dec 2012
    08338743 I-MOTUS (UK) LIMITED 20 Dec 2012
    08338773 2 MEDLEY ROAD LIMITED 20 Dec 2012
    08329997 C2U ACCOUNTING SOLUTIONS LIMITED 13 Dec 2012
    08334983 EXACT EVENTS LTD 18 Dec 2012
    08337428 N1 ANGEL LTD 20 Dec 2012
    08342550 NUMBER SEVEN MUSIC LIMITED 28 Dec 2012
    08316495 WHITEN LTD 03 Dec 2012
    08321999 ESP IT LTD 06 Dec 2012
    08332198 GLOBAL MASTER SOLUTIONS LIMITED 14 Dec 2012
    08337267 FLOORCARE PRODUCTS LTD 19 Dec 2012
    08338551 ZOETIC CREATIVE PROJECTS LIMITED 20 Dec 2012
    08338950 HJR LIVE LTD 20 Dec 2012
    08317166 IMAXUK LTD 04 Dec 2012
    08320620 J STRATEJY LIMITED 06 Dec 2012
    08333676 JD COMMERCIAL SOLUTIONS LIMITED 17 Dec 2012
    08341855 COOL BANANAS KIDS SALONS LTD 27 Dec 2012
    08319439 FIRST PLANNING SOLUTIONS LIMITED 05 Dec 2012
    08319586 RIGHTSUM LIMITED 05 Dec 2012
    08342721 GO GREEN HEALTH LTD 31 Dec 2012
    08327314 HUDSON CONSULTANCY SERVICES LIMITED 11 Dec 2012
    08335189 UK LANDFILL LTD 18 Dec 2012
    08328588 SIMPLY RABESS LIMITED 12 Dec 2012
    08330760 BEAUTY SMILE LONDON LTD 13 Dec 2012