Hertfordshire
2013 Annual Business Confidence Report
NOTICE: We have improved our calculations of the statistics in these reports, so some figures and records may not match previous reports.
Headlines
- 2013 was a record year for company registrations in Hertfordshire when compared to any year in history.
- The second half of 2013 saw a new record in company registrations in Hertfordshire when compared to any previous second half year.
- Q4 2013 saw a new record in company registrations in Hertfordshire when compared to any previous Q4.
- December 2013 saw a new record in company registrations in Hertfordshire when compared to any previous December.
- November 2013 saw a new record in company registrations in Hertfordshire when compared to any previous November.
- October 2013 saw a new record in company registrations in Hertfordshire when compared to any previous October.
- November 2013 saw a new record in net growth in Hertfordshire when compared to any previous November.
Contents
New Company Registrations
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Annual Data (2013)
2013 was a record year for company registrations in Hertfordshire when compared to any year in history.
A total of 13,367 companies were formed in Hertfordshire in 2013. This total is 2.2% higher than in 2012 and compares poorly to the UK figure of a 7.6% growth compared to 491,893 the previous year.
Year Hertfordshire UK 2013 13,367 529,363 2012 13,077 491,893 2011 12,251 452,870 2010 10,716 400,358 2009 9,816 362,675 Record Year 2013 (13,367) 2013 (529,363) New Companies by Year
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Half Year Data (Jul-Dec 2013)
The second half of 2013 saw a new record in company registrations in Hertfordshire when compared to any previous second half year.
In the second half of 2013 a total of 6,638 companies were formed in Hertfordshire. This figure is 7.6% higher than last year, which compares badly to the UK wide figure of 8.9%.
The highest total for a second half year in Hertfordshire occurred in 2013 when a total of 6,638 were formed.
Half Year (Jul-Dec) Hertfordshire UK 2013 6,638 259,931 2012 6,172 238,743 % change 7.6% 8.9% Record Year 2013 (6,638) 2013 (259,931) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
Q4 2013 saw a new record in company registrations in Hertfordshire when compared to any previous Q4.
A total of 3,322 companies were registered in Hertfordshire during the fourth quarter of 2013 (Oct 2013 - Dec 2013).
This figure is an increase of 10.5% versus the same period last year (Q4 2012). This figure compares equally to the UK as a whole, which saw an increase of 6.1% against the same period last year.
fourth quarter (Oct 2013 - Dec 2013) Hertfordshire UK 2013 3,322 127,247 2012 3,006 119,875 % change 10.5% 6.1% Record Year 2013 (3,322) 2013 (127,247) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2013)
December 2013 saw a new record in company registrations in Hertfordshire when compared to any previous December.
November 2013 saw a new record in company registrations in Hertfordshire when compared to any previous November.
October 2013 saw a new record in company registrations in Hertfordshire when compared to any previous October.
New Companies by Month
October November December New companies in 2013 1,265 1,160 897 New companies in 2012 1,222 1,035 749 % change 3.5% 12.1% 19.8% Record Year 2013 (1,265) 2013 (1,160) 2013 (897)
Closed Companies (dissolved)
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Annual Data (2013)
A total of 8,802 companies were dissolved in Hertfordshire in 2013. This total is 17.4% higher than in 2012 and compares favourably to the UK figure of 13.1% growth compared to the previous year.
Year Hertfordshire UK 2013 8,802 332,213 2012 7,496 293,729 2011 7,796 314,524 2010 8,551 342,233 2009 14,987 533,789 Record Year 2009 (14,987) 2009 (533,789) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2013)
In the second half of 2013 a total of 4,448 companies were dissolved in Hertfordshire. This figure is 18.6% higher than last year, which compares well to the UK wide change of 21.3%.
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) Hertfordshire UK 2013 4,448 177,021 2012 3,751 145,935 % change 18.6% 21.3% Record Year 2009 (5,911) 2009 (244,544) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
A total of 2,299 companies were dissolved in Hertfordshire during the fourth quarter of 2013 (Oct 2013 - Dec 2013).
This figure is an increase of 26.8% versus the same period last year (Q4 2012). This figure compares well to the UK as a whole, which saw an increase of 29.7% against the same period last year.
fourth quarter (Oct 2013 - Dec 2013) Hertfordshire UK 2013 2,299 90,851 2012 1,813 70,027 % change 26.8% 29.7% Record Year 2013 (2,299) 2013 (90,851) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2013)
Dissolved Companies by Month
October November December Closed companies in 2013 865 694 740 Closed companies in 2012 881 597 335 % change -1.8% 16.2% 121% Record Year 2012 (881) 2010 (822) 2009 (810)
Net Company Growth
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Annual Data (2013)
A total of 4,565 companies were added to the company register for Hertfordshire in 2013. This number represents growth of 34.2% in the total number of active companies, which compares unfavourably to the UK figure of 37.2%.
This number is 1,016 companies lower 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.
Year Hertfordshire UK 2013 4,565 197,150 2012 5,581 198,164 2011 4,455 138,346 2010 2,165 58,125 2009 -5,171 -171,114 Record Year 2007 (7,342) 2007 (237,353) Net Growth by Year
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Half Year Data (Jul-Dec 2013)
In the second half of 2013 the company register for Hertfordshire increased by 2,190 companies.
Half Year (Jul-Dec) Hertfordshire UK 2013 2,190 82,910 2012 2,421 92,808 Record Year 2012 (2,421) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
Net company growth for Hertfordshire during the fourth quarter of 2013 (Oct 2013 - Dec 2013) was 1,023 companies.
fourth quarter (Oct 2013 - Dec 2013) Hertfordshire UK 2013 1,023 36,396 2012 1,193 49,848 Record Year 2012 (1,193) 2012 (49,848) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2013)
November 2013 saw a new record in net growth in Hertfordshire when compared to any previous November.
Net Growth by Month
October November December Net growth in 2013 400 466 157 Net growth in 2012 341 438 414 Record Year 2011 (572) 2013 (466) 2005 (421)
UK Company Share
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Annual Data (2013)
In 2013 Hertfordshire formed 2.5% of all UK companies. This is a decline on 2012 when Hertfordshire was responsible for 2.7% of all UK companies.
Year Hertfordshire 2013 2.5% 2012 2.7% 2011 2.7% 2010 2.7% 2009 2.7% Record Year (since 1960) 1993 (3.1%) Company Share by Year
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Half Year Data (Jul-Dec 2013)
In the second half of 2013 Hertfordshire formed 2.6% of all UK companies. This is the same as the 2012 figure of 2.6%.
Half Year (Jul-Dec) Hertfordshire 2013 2.6% 2012 2.6% 2011 2.6% 2010 2.6% 2009 2.7% Record Year (since 1960) 1991 (3.1%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
In the fourth quarter of 2013, Hertfordshire formed 2.6% of all UK companies.
fourth quarter (Oct 2013 - Dec 2013) Hertfordshire 2013 2.6% 2012 2.5% 2011 2.6% 2010 2.6% 2009 2.7% Record Year (since 1960) 1994 (3.3%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2013)
Company Share by Month
October November December UK formation share in 2013 2.6% 2.7% 2.6% UK formation share in 2012 2.7% 2.4% 2.4% % change -3.8% 10.2% 8.9% Record Year 1994 (3.6%) 1994 (3.1%) 2001 (3.3%)
Director Age
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Annual Data (2013)
The average age of a director in 2013 was 43.5.
The percentage of directors under the age of 25 was 3.9% compared to the UK figure of 3.9%.
The percentage of directors over the age of 65 was 4.6% compared to the UK figure of 4.2%.
Director Age by Year
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Half Year Data (Jul-Dec 2013)
The average age of a director in the second half of 2013 was 43.0.
The percentage of directors under the age of 25 was 3.9% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 6.0% compared to the UK figure of 4.8%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
The average age of a director in the fourth quarter of 2013 was 42.2.
The percentage of directors under the age of 25 was 3.6% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 7.6% compared to the UK figure of 5.1%.
Director Age by Quarter
Director Gender
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Annual Data (2013)
The record year for female directors in Hertfordshire was 1990 when 34.3% of all directors were female.
The percentage of female directors in Hertfordshire in 2013 was 26.5%. The average for the UK during this time was 26.0%
Director Gender by Year
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Half Year Data (Jul-Dec 2013)
The record second half year for female directors in Hertfordshire was 2006 when 28.6% of all directors were female.
26.3% of all director appointments in Hertfordshire in the second half of 2013 were female. This compares to a UK average of 25.9% for the same period.
Director Gender by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
The record fourth quarter for female directors in Hertfordshire was in 2006 when 29.0% of all directors were female.
25.9% of all director appointments in Hertfordshire in the fourth quarter of 2013 were female. This compares to a UK average of 25.6% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Dec 2012-Dec 2013)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage CONSULTING 3.26% CONSULTING 5.22% MANAGEMENT 2.80% MANAGEMENT 4.72% CONSULTANCY 1.76% CONSULTANCY 3.45% PROPERTY 1.32% PROPERTY 2.59% ASSOCIATES 0.98% TRADING 2.08% PROPERTIES 0.96% ENGINEERING 1.87% CONSTRUCTION 0.94% LONDON 1.86% INVESTMENTS 0.94% DESIGN 1.76% LONDON 0.91% CONSTRUCTION 1.73% CARE 0.85% CARE 1.73% MEDIA 0.84% BUSINESS 1.71% DESIGN 0.78% CONSULTANTS 1.68% CONSULTANTS 0.77% GLOBAL 1.58% J 0.74% INVESTMENTS 1.56% IT 0.73% PROPERTIES 1.54% BUSINESS 0.70% ASSOCIATES 1.53% TRADING 0.69% J 1.51% DEVELOPMENTS 0.66% MEDIA 1.50% BUILDING 0.61% IT 1.35% M 0.59% DEVELOPMENTS 1.23% GLOBAL 0.55% M 1.23% PRODUCTIONS 0.55% BUILDING 1.21% ELECTRICAL 0.53% ELECTRICAL 1.20% MEDICAL 0.52% CAPITAL 1.19% ENTERPRISES 0.52% ENERGY 1.14%
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 7,261 266,814 70229 - Management consultancy activities other than financial management 1,445 36,164 82990 - Other business support service activities not elsewhere classified 1,358 55,342 99999 - Dormant Company 1,057 46,762 62020 - Information technology consultancy activities 1,020 27,183 96090 - Other service activities not elsewhere classified 742 26,001 74909 - Other professional, scientific and technical activities not elsewhere classified 503 18,034 74990 - Non-trading company 457 14,223 62090 - Other information technology service activities 380 12,511 41100 - Development of building projects 343 9,485 62012 - Business and domestic software development 280 9,360 86900 - Other human health activities 277 9,543 43999 - Other specialised construction activities not elsewhere classified 225 7,823 69201 - Accounting and auditing activities 201 7,075 68209 - Other letting and operating of own or leased real estate 200 8,733 98000 - Residents property management 194 4,710 47910 - Retail sale via mail order houses or via Internet 185 8,879 86101 - Hospital activities 173 2,652 41202 - Construction of domestic buildings 170 6,191 78109 - Other activities of employment placement agencies 161 3,736
Recent Companies
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Randomly selected companies from this quarter
COMPANY NUMBER COMPANY NAME INCORPORATION DATE 08798903 U 10 SILVER LIMITED 02 Dec 2013 08800731 MARTIN DAWN (CHELTENHAM) LIMITED 03 Dec 2013 08803042 ALBANCLOUD LIMITED 05 Dec 2013 08809204 SCRIPT ELF LIMITED 10 Dec 2013 08809810 PHILIP ADAMS MUSIC LIMITED 11 Dec 2013 08812004 NOTNORTH LIMITED 12 Dec 2013 08817334 THOMAS SYSTEMS LIMITED 17 Dec 2013 08822695 JOYNSON CONSULTING LIMITED 20 Dec 2013 08799515 STEVENS AND SON MAINTENANCE LIMITED 03 Dec 2013 08800627 K C MOULDINGS LTD 03 Dec 2013 08801061 POP GOES YOUR NAME LTD 03 Dec 2013 08802941 MARTIN'S SUPPER CLUB LIMITED 05 Dec 2013 08810584 I AM COCOA LIMITED 11 Dec 2013 08821126 SCENERY WORKS LTD 19 Dec 2013 08813699 PATSY RAD SERVICES LIMITED 13 Dec 2013 08821909 PHIL RIDLEY CONSULTING LIMITED 19 Dec 2013 08822870 PERISCOPE SOLUTIONS LTD 20 Dec 2013 08802441 QATBOAT LTD 04 Dec 2013 08802494 BUFIUK LTD 04 Dec 2013 08802607 UNIVES LTD 04 Dec 2013 08802802 ALPENIA ASSUM LTD 04 Dec 2013 08802970 OSTIAL LTD 05 Dec 2013 08803009 GEPROMA LTD 05 Dec 2013 08808869 FINSERV LTD 10 Dec 2013 08812792 RAINE SOLUTIONS LIMITED 12 Dec 2013
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