Hertfordshire

Q1 2015 Business Confidence Report

Headlines

  • February 2015 saw a new record in company registrations in Hertfordshire when compared to any previous February.
  • January 2015 saw a new record in company registrations in Hertfordshire when compared to any previous January.
  • February 2015 saw a new record in company closures in Hertfordshire when compared to any previous February.
  • January 2015 saw a new record in net growth in Hertfordshire when compared to any previous January.

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. Quarterly Data (Q1 Jan-Mar 2015)

    A total of 4,270 companies were registered in Hertfordshire during the first quarter of 2015 (Jan 2015 - Mar 2015).

    This figure is an increase of 13.3% versus the same period last year (Q1 2014). This figure compares equally to the UK as a whole, which saw an increase of 6.9% against the same period last year.

    first quarter (Jan 2015 - Mar 2015)HertfordshireUK
    20154,270161,156
    20143,768150,722
    % change13.3%6.9%
    Record Year 2007 (4,764) 2007 (166,814)
    New Companies by Quarter
  2. Monthly Data (Jan, Feb & Mar 2015)

    February 2015 saw a new record in company registrations in Hertfordshire when compared to any previous February.

    January 2015 saw a new record in company registrations in Hertfordshire when compared to any previous January.

    New Companies by Month
    JanuaryFebruaryMarch
    New companies in 20151,2941,3501,626
    New companies in 20141,2861,2041,278
    % change0.6%12.1%27.2%
    Record Year2015 (1,294)2015 (1,350)2007 (2,674)

Closed Companies (dissolved)

  1. Quarterly Data (Q1 Jan-Mar 2015)

    A total of 2,369 companies were dissolved in Hertfordshire during the first quarter of 2015 (Jan 2015 - Mar 2015).

    This figure is an increase of 8.7% versus the same period last year (Q1 2014). This figure compares equally to the UK as a whole, which saw an increase of 8.7% against the same period last year.

    first quarter (Jan 2015 - Mar 2015)HertfordshireUK
    20152,36989,523
    20142,17982,370
    % change8.7%8.7%
    Record Year 2009 (3,864) 2009 (108,066)
    Dissolved Companies by Quarter
  2. Monthly Data (Jan, Feb & Mar 2015)

    February 2015 saw a new record in company closures in Hertfordshire when compared to any previous February.

    Dissolved Companies by Month
    JanuaryFebruaryMarch
    Closed companies in 2015652833884
    Closed companies in 2014669742768
    % change-2.5%12.3%15%
    Record Year2011 (913)2015 (833)2009 (2,529)

Net Company Growth

  1. Quarterly Data (Q1 Jan-Mar 2015)

    Net company growth for Hertfordshire during the first quarter of 2015 (Jan 2015 - Mar 2015) was 1,901 companies.

    first quarter (Jan 2015 - Mar 2015)HertfordshireUK
    20151,90171,633
    20141,58968,352
    Record Year 2007 (3,305) 2007 (111,282)
    Net Growth by Quarter
  2. Monthly Data (Jan, Feb & Mar 2015)

    January 2015 saw a new record in net growth in Hertfordshire when compared to any previous January.

    Net Growth by Month
    JanuaryFebruaryMarch
    Net growth in 2015642517742
    Net growth in 2014617462510
    Record Year2015 (642)2012 (670)2007 (2,204)

UK Company Share

  1. Quarterly Data (Q1 Jan-Mar 2015)

    In the first quarter of 2015, Hertfordshire formed 2.6% of all UK companies.

    first quarter (Jan 2015 - Mar 2015)Hertfordshire
    20152.6%
    20142.5%
    20132.5%
    20122.7%
    20112.8%
    Record Year (since 1960) 2000 (3.3%)
    Company Share by Quarter
  2. Monthly Data (Jan, Feb & Mar 2015)

    Company Share by Month
    JanuaryFebruaryMarch
    UK formation share in 20152.7%2.6%2.7%
    UK formation share in 20142.7%2.5%2.3%
    % change-1.3%3.3%16.0%
    Record Year2000 (3.9%)1991 (3.4%)2007 (4.0%)

Director Age

  1. Quarterly Data (Q1 Jan-Mar 2015)

    The average age of a director in the first quarter of 2015 was 44.1.

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

    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. Quarterly Data (Q1 Jan-Mar 2015)

    The record first quarter for female directors in Hertfordshire was in 2006 when 28.7% of all directors were female.

    26.2% of all director appointments in Hertfordshire in the first quarter of 2015 were female. This compares to a UK average of 26.4% for the same period.

    Director Gender by Quarter

Naming Trends

  1. Previous 12 months (Mar 2014-Mar 2015)

    Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.

    wordpercentageuk worduk percentage
    CONSULTING3.59%CONSULTING5.23%
    MANAGEMENT2.68%MANAGEMENT4.56%
    CONSULTANCY2.21%CONSULTANCY3.62%
    PROPERTY1.47%PROPERTY2.72%
    CARE1.16%CONSTRUCTION2.19%
    CONSTRUCTION1.16%CARE2.13%
    LONDON1.15%ENGINEERING2.12%
    PROPERTIES0.97%LONDON1.91%
    ELECTRICAL0.93%TRADING1.88%
    HEALTH0.92%TRANSPORT1.82%
    CONSULTANTS0.92%ELECTRICAL1.76%
    ASSOCIATES0.83%DESIGN1.65%
    MARKETING0.83%PROPERTIES1.63%
    INVESTMENTS0.82%CO.,1.58%
    J0.81%J1.55%
    IT0.78%CONSULTANTS1.54%
    DESIGN0.77%BUSINESS1.49%
    BUILDING0.73%INVESTMENTS1.49%
    M0.70%GLOBAL1.46%
    TRADING0.67%ASSOCIATES1.44%
    MEDIA0.65%DEVELOPMENTS1.36%
    BUSINESS0.63%BUILDING1.31%
    DEVELOPMENTS0.62%IT1.30%
    TRANSPORT0.59%MEDIA1.28%
    S0.54%M1.27%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied6,883288,953
    70229 - Management consultancy activities other than financial management1,61743,081
    82990 - Other business support service activities not elsewhere classified1,40358,522
    62020 - Information technology consultancy activities1,19030,825
    99999 - Dormant Company1,05749,474
    96090 - Other service activities not elsewhere classified78929,218
    74909 - Other professional, scientific and technical activities not elsewhere classified48719,098
    86900 - Other human health activities46713,990
    41100 - Development of building projects41811,863
    74990 - Non-trading company39313,794
    62090 - Other information technology service activities36812,862
    68209 - Other letting and operating of own or leased real estate29511,600
    62012 - Business and domestic software development2809,651
    47910 - Retail sale via mail order houses or via Internet27010,200
    69201 - Accounting and auditing activities2487,682
    98000 - Residents property management2285,308
    86101 - Hospital activities2265,043
    43999 - Other specialised construction activities not elsewhere classified2239,080
    41202 - Construction of domestic buildings2207,797
    68100 - Buying and selling of own real estate2147,450

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    09377375 OMNI FM LIMITED 07 Jan 2015
    09377579 THE PETS CLUB LTD 07 Jan 2015
    09382243 TRIPLE M SALON LIMITED 09 Jan 2015
    09403556 EXCEPTIONAL RIDER TRAINING LIMITED 23 Jan 2015
    09406392 FIRST RESPONSE SOLUTIONS LTD 26 Jan 2015
    09412165 JAMIE ORLANDO SMITH LIMITED 29 Jan 2015
    09412364 FURNITURELAND HEARTS LTD 29 Jan 2015
    09414458 KAVE TRADINGS LIMITED 30 Jan 2015
    09371577 LAURSPEN LIMITED 02 Jan 2015
    09374767 BEAUT APP LIMITED 06 Jan 2015
    09379365 CUBANITE CARS LIMITED 08 Jan 2015
    09381824 SCRAMBLES FILM & TV LTD 09 Jan 2015
    09382712 JTC TRAINING LTD 12 Jan 2015
    09386543 DINGO SCENIC LTD 13 Jan 2015
    09399587 JOE EDWARDS SCENERY LTD 21 Jan 2015
    09408537 ORIGINAL PROMOTIONS LIMITED 27 Jan 2015
    09413356 ROL (HOLDINGS) LIMITED 29 Jan 2015
    09371914 CONSULT NJT LTD 02 Jan 2015
    09375259 REACHEIGHT INVEST LTD 06 Jan 2015
    09379487 JD INNS LTD 08 Jan 2015
    09382906 LUKE ROSSITER DESIGN LIMITED 12 Jan 2015
    09390942 VOLANS CONSULTING LIMITED 15 Jan 2015
    09398037 DARVELL ENGINEERING LTD 20 Jan 2015
    09399562 RJS VENTURE LTD 21 Jan 2015
    09403128 GEJK LIMITED 23 Jan 2015