Hertfordshire
2014 Annual Business Confidence Report
Headlines
- 2014 was a record year for company registrations in Hertfordshire when compared to any year in history.
- The second half of 2014 saw a new record in company registrations in Hertfordshire when compared to any previous second half year.
- Q4 2014 saw a new record in company registrations in Hertfordshire when compared to any previous Q4.
- December 2014 saw a new record in company registrations in Hertfordshire when compared to any previous December.
- November 2014 saw a new record in company registrations in Hertfordshire when compared to any previous November.
- October 2014 saw a new record in company registrations in Hertfordshire when compared to any previous October.
- December 2014 saw a new record in company closures in Hertfordshire when compared to any previous December.
- November 2014 saw a new record in net growth in Hertfordshire when compared to any previous November.
- October 2014 saw a new record in net growth in Hertfordshire when compared to any previous October.
Contents
New Company Registrations
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Annual Data (2014)
2014 was a record year for company registrations in Hertfordshire when compared to any year in history.
A total of 15,037 companies were formed in Hertfordshire in 2014. This total is 12.5% higher than in 2013 and compares equally to the UK figure of a 10.0% growth compared to 529,363 the previous year.
Year Hertfordshire UK 2014 15,037 582,051 2013 13,367 529,363 2012 13,077 491,893 2011 12,251 452,870 2010 10,716 400,358 Record Year 2014 (15,037) 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 Hertfordshire when compared to any previous second half year.
In the second half of 2014 a total of 7,381 companies were formed in Hertfordshire. This figure is 11.2% higher than last year, which compares well to the UK wide figure of 8.2%.
The highest total for a second half year in Hertfordshire occurred in 2014 when a total of 7,381 were formed.
Half Year (Jul-Dec) Hertfordshire UK 2014 7,381 281,320 2013 6,638 259,931 % change 11.2% 8.2% Record Year 2014 (7,381) 2014 (281,320) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
Q4 2014 saw a new record in company registrations in Hertfordshire when compared to any previous Q4.
A total of 3,687 companies were registered in Hertfordshire during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is an increase of 11.0% 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) Hertfordshire UK 2014 3,687 137,906 2013 3,322 127,247 % change 11.0% 8.4% Record Year 2014 (3,687) 2014 (137,906) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
December 2014 saw a new record in company registrations in Hertfordshire when compared to any previous December.
November 2014 saw a new record in company registrations in Hertfordshire when compared to any previous November.
October 2014 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 2014 1,379 1,232 1,076 New companies in 2013 1,265 1,160 897 % change 9.0% 6.2% 20.0% Record Year 2014 (1,379) 2014 (1,232) 2014 (1,076)
Closed Companies (dissolved)
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Annual Data (2014)
A total of 9,615 companies were dissolved in Hertfordshire in 2014. This total is 9.2% higher than in 2013 and compares unfavourably to the UK figure of 10.8% growth compared to the previous year.
Year Hertfordshire UK 2014 9,615 367,937 2013 8,802 332,213 2012 7,496 293,729 2011 7,796 314,524 2010 8,551 342,233 Record Year 2009 (14,987) 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 5,001 companies were dissolved in Hertfordshire. This figure is 12.4% higher than last year, which compares badly to the UK wide change of 7.7%.
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 2014 5,001 190,730 2013 4,448 177,021 % change 12.4% 7.7% Record Year 2009 (5,911) 2009 (244,544) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
A total of 2,350 companies were dissolved in Hertfordshire during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is an increase of 2.2% versus the same period last year (Q4 2013). This figure compares poorly 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) Hertfordshire UK 2014 2,350 89,060 2013 2,299 90,851 % change 2.2% -2.0% Record Year 2014 (2,350) 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 Hertfordshire when compared to any previous December.
Dissolved Companies by Month
October November December Closed companies in 2014 727 715 908 Closed companies in 2013 865 694 740 % change -16.0% 3.0% 23% Record Year 2012 (881) 2010 (822) 2014 (908)
Net Company Growth
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Annual Data (2014)
A total of 5,422 companies were added to the company register for Hertfordshire in 2014. This number represents growth of 36.1% in the total number of active companies, which compares unfavourably to the UK figure of 36.8%.
This number is 857 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.
Year Hertfordshire UK 2014 5,422 214,114 2013 4,565 197,150 2012 5,581 198,164 2011 4,455 138,346 2010 2,165 58,125 Record Year 2007 (7,342) 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 Hertfordshire increased by 2,380 companies.
Half Year (Jul-Dec) Hertfordshire UK 2014 2,380 90,590 2013 2,190 82,910 Record Year 2012 (2,421) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
Net company growth for Hertfordshire during the fourth quarter of 2014 (Oct 2014 - Dec 2014) was 1,337 companies.
fourth quarter (Oct 2014 - Dec 2014) Hertfordshire UK 2014 1,337 48,846 2013 1,023 36,396 Record Year 2014 (1,337) 2012 (49,848) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
November 2014 saw a new record in net growth in Hertfordshire when compared to any previous November.
October 2014 saw a new record in net growth in Hertfordshire when compared to any previous October.
Net Growth by Month
October November December Net growth in 2014 652 517 168 Net growth in 2013 400 466 157 Record Year 2014 (652) 2014 (517) 2005 (421)
UK Company Share
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Annual Data (2014)
In 2014 Hertfordshire formed 2.6% of all UK companies. This is an improvement on 2013 when Hertfordshire was responsible for 2.5% of all UK companies.
Year Hertfordshire 2014 2.6% 2013 2.5% 2012 2.7% 2011 2.7% 2010 2.7% Record Year (since 1960) 1993 (3.1%) Company Share by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 Hertfordshire formed 2.6% of all UK companies. This is the same as the 2013 figure of 2.6%.
Half Year (Jul-Dec) Hertfordshire 2014 2.6% 2013 2.6% 2012 2.6% 2011 2.6% 2010 2.6% Record Year (since 1960) 1991 (3.1%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
In the fourth quarter of 2014, Hertfordshire formed 2.7% of all UK companies.
fourth quarter (Oct 2014 - Dec 2014) Hertfordshire 2014 2.7% 2013 2.6% 2012 2.5% 2011 2.6% 2010 2.6% Record Year (since 1960) 1994 (3.3%) 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 2.6% 2.7% 2.7% UK formation share in 2013 2.6% 2.7% 2.6% % change 3.7% 0.8% 2.7% Record Year 1994 (3.6%) 1994 (3.1%) 2001 (3.3%)
Director Age
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Annual Data (2014)
The average age of a director in 2014 was 43.7.
The percentage of directors under the age of 25 was 4.2% compared to the UK figure of 4.0%.
The percentage of directors over the age of 65 was 3.9% 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 43.8.
The percentage of directors under the age of 25 was 4.1% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 3.7% 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 43.9.
The percentage of directors under the age of 25 was 4.2% compared to the UK figure of 3.8%.
The percentage of directors over the age of 65 was 3.9% 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 Hertfordshire was 1990 when 34.3% of all directors were female.
The percentage of female directors in Hertfordshire in 2014 was 26.7%. 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 Hertfordshire was 2006 when 28.6% of all directors were female.
26.9% of all director appointments in Hertfordshire 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 Hertfordshire was in 2006 when 29.0% of all directors were female.
27.1% of all director appointments in Hertfordshire 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 3.59% CONSULTING 5.22% MANAGEMENT 2.61% MANAGEMENT 4.58% CONSULTANCY 2.16% CONSULTANCY 3.57% PROPERTY 1.41% PROPERTY 2.66% LONDON 1.07% CONSTRUCTION 2.12% CONSTRUCTION 1.03% ENGINEERING 2.10% CARE 1.03% CARE 2.02% PROPERTIES 0.90% TRADING 1.94% CONSULTANTS 0.88% LONDON 1.93% ELECTRICAL 0.87% TRANSPORT 1.93% ASSOCIATES 0.87% DESIGN 1.66% INVESTMENTS 0.87% CONSULTANTS 1.64% MARKETING 0.84% ELECTRICAL 1.62% IT 0.82% PROPERTIES 1.62% J 0.81% BUSINESS 1.56% HEALTH 0.80% J 1.54% DESIGN 0.76% CO., 1.50% TRADING 0.74% GLOBAL 1.49% MEDIA 0.71% INVESTMENTS 1.48% M 0.68% ASSOCIATES 1.47% BUILDING 0.67% DEVELOPMENTS 1.35% BUSINESS 0.67% MEDIA 1.33% TRANSPORT 0.63% IT 1.31% DEVELOPMENTS 0.58% BUILDING 1.29% HEALTHCARE 0.56% 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 6,592 265,608 70229 - Management consultancy activities other than financial management 1,612 42,290 82990 - Other business support service activities not elsewhere classified 1,411 58,068 62020 - Information technology consultancy activities 1,144 30,178 99999 - Dormant Company 1,070 48,509 96090 - Other service activities not elsewhere classified 792 29,009 74909 - Other professional, scientific and technical activities not elsewhere classified 467 19,049 74990 - Non-trading company 430 13,984 86900 - Other human health activities 421 12,976 41100 - Development of building projects 406 11,397 62090 - Other information technology service activities 372 12,837 62012 - Business and domestic software development 288 9,752 68209 - Other letting and operating of own or leased real estate 281 11,212 47910 - Retail sale via mail order houses or via Internet 257 10,107 69201 - Accounting and auditing activities 240 7,528 98000 - Residents property management 238 5,255 43999 - Other specialised construction activities not elsewhere classified 220 8,761 41202 - Construction of domestic buildings 214 7,559 86101 - Hospital activities 207 4,366 68100 - Buying and selling of own real estate 192 7,106
Recent Companies
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Randomly selected companies from this quarter
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