Hertfordshire

2014 Half Year Business Confidence Report

Headlines

  • Q2 2014 saw a new record in company registrations in Hertfordshire when compared to any previous Q2.
  • Q2 2014 saw a new record in company registrations in Hertfordshire when compared to any previous Q2.
  • June 2014 saw a new record in company registrations in Hertfordshire when compared to any previous June.
  • May 2014 saw a new record in company registrations in Hertfordshire when compared to any previous May.
  • June 2014 saw a new record in company registrations in Hertfordshire when compared to any previous June.
  • May 2014 saw a new record in company registrations in Hertfordshire when compared to any previous May.

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 7,656 companies were formed in Hertfordshire. This figure is 13.8% higher than last year, which compares well to the UK wide figure of 11.6%.

    The highest total for a first half year in Hertfordshire occurred in 2007 when a total of 8,283 were formed.

    Half Year (Jan-Jun)HertfordshireUK
    20147,656300,731
    20136,729269,432
    % change13.8%11.6%
    Record Year2007 (8,283)2014 (300,731)

    In the first half of 2014 a total of 7,656 companies were formed in Hertfordshire. This figure is 13.8% higher than last year, which compares well to the UK wide figure of 11.6%.

    The highest total for a first half year in Hertfordshire occurred in 2007 when a total of 8,283 were formed.

    Half Year (Jan-Jun)HertfordshireUK
    20147,656300,731
    20136,729269,432
    % change13.8%11.6%
    Record Year2007 (8,283)2014 (300,731)
    New Companies by Half Year
    New Companies by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

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

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

    A total of 3,888 companies were registered in Hertfordshire during the second quarter of 2014 (Apr 2014 - Jun 2014).

    This figure is an increase of 16.5% versus the same period last year (Q2 2013). This figure compares well 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)HertfordshireUK
    20143,888150,009
    20133,337134,630
    % change16.5%11.4%
    Record Year 2014 (3,888) 2014 (150,009)
    New Companies by Quarter

    A total of 3,888 companies were registered in Hertfordshire during the second quarter of 2014 (Apr 2014 - Jun 2014).

    This figure is an increase of 16.5% versus the same period last year (Q2 2013). This figure compares well 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)HertfordshireUK
    20143,888150,009
    20133,337134,630
    % change16.5%11.4%
    Record Year 2014 (3,888) 2014 (150,009)
    New Companies by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

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

    May 2014 saw a new record in company registrations in Hertfordshire when compared to any previous May.

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

    May 2014 saw a new record in company registrations in Hertfordshire when compared to any previous May.

    New Companies by Month
    New Companies by Month
    AprilMayJune
    New companies in 20141,4351,2541,199
    New companies in 20131,2691,0651,003
    % change13.1%17.7%19.5%
    Record Year2007 (1,493)2014 (1,254)2014 (1,199)
    AprilMayJune
    New companies in 20141,4351,2541,199
    New companies in 20131,2691,0651,003
    % change13.1%17.7%19.5%
    Record Year2007 (1,493)2014 (1,254)2014 (1,199)

Closed Companies (dissolved)

  1. Half Year Data (Jan-Jun 2014)

    In the first half of 2014 a total of 4,614 companies were dissolved in Hertfordshire. This figure is 6.0% higher than last year, which compares well to the UK wide change of 14.2%.

    The highest total for a first half year in Hertfordshire occurred in 2009 when a total of 9,076 were closed.

    Half Year (Jan-Jun)HertfordshireUK
    20144,614177,207
    20134,354155,192
    % change6.0%14.2%
    Record Year2009 (9,076)2009 (289,245)

    In the first half of 2014 a total of 4,614 companies were dissolved in Hertfordshire. This figure is 6.0% higher than last year, which compares well to the UK wide change of 14.2%.

    The highest total for a first half year in Hertfordshire occurred in 2009 when a total of 9,076 were closed.

    Half Year (Jan-Jun)HertfordshireUK
    20144,614177,207
    20134,354155,192
    % change6.0%14.2%
    Record Year2009 (9,076)2009 (289,245)
    Dissolved Companies by Half Year
    Dissolved Companies by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    A total of 2,435 companies were dissolved in Hertfordshire during the second quarter of 2014 (Apr 2014 - Jun 2014).

    This figure is an increase of 14.7% 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)HertfordshireUK
    20142,43594,837
    20132,12377,278
    % change14.7%22.7%
    Record Year 2009 (5,212) 2009 (181,179)
    Dissolved Companies by Quarter

    A total of 2,435 companies were dissolved in Hertfordshire during the second quarter of 2014 (Apr 2014 - Jun 2014).

    This figure is an increase of 14.7% 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)HertfordshireUK
    20142,43594,837
    20132,12377,278
    % change14.7%22.7%
    Record Year 2009 (5,212) 2009 (181,179)
    Dissolved Companies by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    Dissolved Companies by Month
    Dissolved Companies by Month
    AprilMayJune
    Closed companies in 20145061,025904
    Closed companies in 2013824605694
    % change-38.6%69.4%30%
    Record Year2009 (1,448)2009 (2,382)2009 (1,382)
    AprilMayJune
    Closed companies in 20145061,025904
    Closed companies in 2013824605694
    % change-38.6%69.4%30%
    Record Year2009 (1,448)2009 (2,382)2009 (1,382)

Net Company Growth

  1. Half Year Data (Jan-Jun 2014)

    In the first half of 2014 the company register for Hertfordshire increased by 3,042 companies.

    Half Year (Jan-Jun)HertfordshireUK
    20143,042123,524
    20132,375114,240
    Record Year2007 (5,516)2007 (171,296)

    In the first half of 2014 the company register for Hertfordshire increased by 3,042 companies.

    Half Year (Jan-Jun)HertfordshireUK
    20143,042123,524
    20132,375114,240
    Record Year2007 (5,516)2007 (171,296)
    Net Growth by Half Year
    Net Growth by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    Net company growth for Hertfordshire during the second quarter of 2014 (Apr 2014 - Jun 2014) was 1,453 companies.

    second quarter (Apr 2014 - Jun 2014)HertfordshireUK
    20141,45355,172
    20131,21457,352
    Record Year 2007 (2,211) 2007 (60,014)
    Net Growth by Quarter

    Net company growth for Hertfordshire during the second quarter of 2014 (Apr 2014 - Jun 2014) was 1,453 companies.

    second quarter (Apr 2014 - Jun 2014)HertfordshireUK
    20141,45355,172
    20131,21457,352
    Record Year 2007 (2,211) 2007 (60,014)
    Net Growth by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    Net Growth by Month
    Net Growth by Month
    AprilMayJune
    Net growth in 2014929229295
    Net growth in 2013445460309
    Record Year2007 (1,203)2007 (536)2008 (672)
    AprilMayJune
    Net growth in 2014929229295
    Net growth in 2013445460309
    Record Year2007 (1,203)2007 (536)2008 (672)

UK Company Share

  1. Half Year Data (Jan-Jun 2014)

    In the first half of 2014 Hertfordshire formed 2.5% of all UK companies. This is the same as the 2013 figure of 2.5%.

    Half Year (Jan-Jun)Hertfordshire
    20142.5%
    20132.5%
    20122.7%
    20112.8%
    20102.8%
    Record Year (since 1960) 1993 (3.2%)
    Company Share by Half Year

    In the first half of 2014 Hertfordshire formed 2.5% of all UK companies. This is the same as the 2013 figure of 2.5%.

    Half Year (Jan-Jun)Hertfordshire
    20142.5%
    20132.5%
    20122.7%
    20112.8%
    20102.8%
    Record Year (since 1960) 1993 (3.2%)
    Company Share by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    In the second quarter of 2014, Hertfordshire formed 2.6% of all UK companies.

    second quarter (Apr 2014 - Jun 2014)Hertfordshire
    20142.6%
    20132.5%
    20122.8%
    20112.8%
    20102.8%
    Record Year (since 1960) 1993 (3.2%)
    Company Share by Quarter

    In the second quarter of 2014, Hertfordshire formed 2.6% of all UK companies.

    second quarter (Apr 2014 - Jun 2014)Hertfordshire
    20142.6%
    20132.5%
    20122.8%
    20112.8%
    20102.8%
    Record Year (since 1960) 1993 (3.2%)
    Company Share by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    Company Share by Month
    Company Share by Month
    AprilMayJune
    UK formation share in 20142.7%2.6%2.5%
    UK formation share in 20132.6%2.4%2.4%
    % change2.0%8.7%3.6%
    Record Year1990 (3.8%)1993 (3.4%)1998 (3.4%)
    AprilMayJune
    UK formation share in 20142.7%2.6%2.5%
    UK formation share in 20132.6%2.4%2.4%
    % change2.0%8.7%3.6%
    Record Year1990 (3.8%)1993 (3.4%)1998 (3.4%)

Director Age

  1. Half Year Data (Jan-Jun 2014)

    The average age of a director in the first half of 2014 was 43.7.

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

    The percentage of directors over the age of 65 was 4.2% compared to the UK figure of 3.5%.

    Director Age by Half Year

    The average age of a director in the first half of 2014 was 43.7.

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

    The percentage of directors over the age of 65 was 4.2% 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 44.2.

    The percentage of directors under the age of 25 was 4.6% compared to the UK figure of 3.9%.

    The percentage of directors over the age of 65 was 3.1% compared to the UK figure of 3.6%.

    Director Age by Quarter

    The average age of a director in the second quarter of 2014 was 44.2.

    The percentage of directors under the age of 25 was 4.6% compared to the UK figure of 3.9%.

    The percentage of directors over the age of 65 was 3.1% 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 Hertfordshire was 2007 when 28.7% of all directors were female.

    26.5% of all director appointments in Hertfordshire 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

    The record first half year for female directors in Hertfordshire was 2007 when 28.7% of all directors were female.

    26.5% of all director appointments in Hertfordshire 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 Hertfordshire was in 2007 when 28.8% of all directors were female.

    26.3% of all director appointments in Hertfordshire 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

    The record second quarter for female directors in Hertfordshire was in 2007 when 28.8% of all directors were female.

    26.3% of all director appointments in Hertfordshire 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
    CONSULTING3.47%CONSULTING5.16%
    MANAGEMENT2.68%MANAGEMENT4.64%
    CONSULTANCY1.98%CONSULTANCY3.50%
    PROPERTY1.46%PROPERTY2.66%
    CONSTRUCTION1.02%TRADING2.03%
    CARE0.97%ENGINEERING1.99%
    PROPERTIES0.96%CONSTRUCTION1.93%
    LONDON0.96%LONDON1.93%
    INVESTMENTS0.96%CARE1.85%
    ASSOCIATES0.87%DESIGN1.75%
    CONSULTANTS0.86%CONSULTANTS1.73%
    MEDIA0.85%BUSINESS1.69%
    DESIGN0.81%PROPERTIES1.63%
    IT0.81%TRANSPORT1.58%
    J0.80%GLOBAL1.55%
    BUSINESS0.71%INVESTMENTS1.55%
    BUILDING0.70%J1.51%
    ELECTRICAL0.70%ASSOCIATES1.48%
    M0.70%MEDIA1.44%
    TRADING0.63%ELECTRICAL1.40%
    DEVELOPMENTS0.62%IT1.33%
    ENGINEERING0.58%DEVELOPMENTS1.33%
    ENTERPRISES0.56%BUILDING1.26%
    GLOBAL0.56%M1.24%
    MARKETING0.53%CO.,1.20%
    wordpercentageuk worduk percentage
    CONSULTING3.47%CONSULTING5.16%
    MANAGEMENT2.64%MANAGEMENT4.64%
    CONSULTANCY1.97%CONSULTANCY3.49%
    PROPERTY1.47%PROPERTY2.66%
    CONSTRUCTION1.02%TRADING2.03%
    LONDON1.00%ENGINEERING1.99%
    CARE0.99%LONDON1.93%
    INVESTMENTS0.97%CONSTRUCTION1.93%
    PROPERTIES0.96%CARE1.85%
    ASSOCIATES0.86%DESIGN1.75%
    CONSULTANTS0.86%CONSULTANTS1.73%
    MEDIA0.85%BUSINESS1.69%
    IT0.81%PROPERTIES1.63%
    DESIGN0.80%TRANSPORT1.58%
    J0.79%GLOBAL1.55%
    M0.70%INVESTMENTS1.55%
    BUILDING0.70%J1.50%
    BUSINESS0.70%ASSOCIATES1.48%
    ELECTRICAL0.70%MEDIA1.44%
    DEVELOPMENTS0.63%ELECTRICAL1.40%
    TRADING0.61%IT1.33%
    ENGINEERING0.58%DEVELOPMENTS1.33%
    ENTERPRISES0.58%BUILDING1.26%
    GLOBAL0.55%M1.23%
    CAPITAL0.53%CO.,1.20%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied6,950261,557
    70229 - Management consultancy activities other than financial management1,55640,250
    82990 - Other business support service activities not elsewhere classified1,41757,421
    62020 - Information technology consultancy activities1,07429,029
    99999 - Dormant Company1,05948,436
    96090 - Other service activities not elsewhere classified76928,352
    74909 - Other professional, scientific and technical activities not elsewhere classified47119,058
    74990 - Non-trading company41114,351
    41100 - Development of building projects38910,527
    86900 - Other human health activities36211,292
    62090 - Other information technology service activities35813,024
    62012 - Business and domestic software development2979,834
    68209 - Other letting and operating of own or leased real estate23810,133
    69201 - Accounting and auditing activities2317,415
    43999 - Other specialised construction activities not elsewhere classified2248,533
    47910 - Retail sale via mail order houses or via Internet2239,900
    98000 - Residents property management2085,046
    78109 - Other activities of employment placement agencies1914,076
    86101 - Hospital activities1893,357
    41202 - Construction of domestic buildings1847,053
    sic codenumber of companiesuk companies
    None Supplied6,905259,495
    70229 - Management consultancy activities other than financial management1,55240,375
    82990 - Other business support service activities not elsewhere classified1,41757,459
    62020 - Information technology consultancy activities1,08329,145
    99999 - Dormant Company1,05548,126
    96090 - Other service activities not elsewhere classified77128,340
    74909 - Other professional, scientific and technical activities not elsewhere classified46919,026
    74990 - Non-trading company39914,184
    41100 - Development of building projects38910,664
    86900 - Other human health activities36411,353
    62090 - Other information technology service activities36013,042
    62012 - Business and domestic software development2969,875
    68209 - Other letting and operating of own or leased real estate24110,262
    69201 - Accounting and auditing activities2317,438
    43999 - Other specialised construction activities not elsewhere classified2238,555
    47910 - Retail sale via mail order houses or via Internet2229,940
    98000 - Residents property management2105,095
    78109 - Other activities of employment placement agencies1924,103
    41202 - Construction of domestic buildings1897,088
    86101 - Hospital activities1893,381

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    09021209 AUGMENTED WORLD LIMITED 01 May 2014
    09022636 MILVIK UK LIMITED 02 May 2014
    09028779 PADDY FUN LIMITED 07 May 2014
    09031377 HERTSOLUTIONS LTD 09 May 2014
    09037778 LEXI (5.3) LTD 13 May 2014
    09042708 ARWEN IMAN LIMITED 15 May 2014
    09046425 RAFICON LIMITED 19 May 2014
    09046938 NEWBURY MANAGEMENT LTD 19 May 2014
    09050075 VISCAPE PRODUCTIONS LTD 21 May 2014
    09050173 ST ALBANS HAIR LIMITED 21 May 2014
    09052733 LIBRE LIMITED 22 May 2014
    09062412 CONSUELA & CO LTD 29 May 2014
    09063795 BYRON BLAKE LIMITED 30 May 2014
    09026902 D & R INSTALLATION LTD 07 May 2014
    09031583 CROSSWAY CONSTRUCTION LTD 09 May 2014
    09044797 VIDEO GAMES LIMITED 16 May 2014
    09047009 UN CONSULTANTS LTD 19 May 2014
    09049433 SJB DRAUGHTING LIMITED 21 May 2014
    09062429 RUN RAGGED RIGGING LTD 29 May 2014
    09033837 NIEVE IT LTD 12 May 2014
    09040611 WONDERFUL COLOUR LTD 15 May 2014
    09042128 BIGGLESWADE INN LTD 15 May 2014
    09051503 PETER WHEELER LIMITED 22 May 2014
    09060041 THE REAL FINE WINE LIMITED 28 May 2014
    09062297 BRENNAN DESIGN AND PROJECTS LIMITED 29 May 2014