Hitchin, Hertfordshire

2010 Half Year Business Confidence Report

Headlines

  • April 2010 saw a new record in company registrations in Hitchin when compared to any previous April.
  • April 2010 saw a new record in net growth in Hitchin when compared to any previous April.

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 2010)

    In the first half of 2010 a total of 239 companies were formed in Hitchin. This figure is 36.6% higher than last year, which compares well to the UK wide figure of 11.9%.

    The highest total for a first half year in Hitchin occurred in 2007 when a total of 300 were formed.

    Half Year (Jan-Jun)HitchinUK
    2010239203,749
    2009175182,021
    % change36.6%11.9%
    Record Year2007 (300)2007 (279,097)
    New Companies by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2010)

    A total of 106 companies were registered in Hitchin during the second quarter of 2010 (Apr 2010 - Jun 2010).

    This figure is an increase of 35.9% versus the same period last year (Q2 2009). This figure compares well to the UK as a whole, which saw an increase of 8.4% against the same period last year.

    second quarter (Apr 2010 - Jun 2010)HitchinUK
    201010698,612
    20097890,987
    % change35.9%8.4%
    Record Year 2007 (118) 2007 (112,283)
    New Companies by Quarter
  3. Monthly Data (Apr, May & Jun 2010)

    April 2010 saw a new record in company registrations in Hitchin when compared to any previous April.

    New Companies by Month
    AprilMayJune
    New companies in 2010483127
    New companies in 2009311928
    % change54.8%63.2%-3.6%
    Record Year2010 (48)2007 (50)2003 (39)

Closed Companies (dissolved)

  1. Half Year Data (Jan-Jun 2010)

    In the first half of 2010 a total of 177 companies were dissolved in Hitchin. This figure is 34.7% lower than last year, which compares badly to the UK wide change of -38.6%.

    The highest total for a first half year in Hitchin occurred in 2009 when a total of 271 were closed.

    Half Year (Jan-Jun)HitchinUK
    2010177177,631
    2009271289,236
    % change-34.7%-38.6%
    Record Year2009 (271)2009 (289,236)
    Dissolved Companies by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2010)

    A total of 90 companies were dissolved in Hitchin during the second quarter of 2010 (Apr 2010 - Jun 2010).

    This figure is a decrease of 44.4% versus the same period last year (Q2 2009). This figure compares poorly to the UK as a whole, which saw a decrease of 47.6% against the same period last year.

    second quarter (Apr 2010 - Jun 2010)HitchinUK
    20109094,954
    2009162181,176
    % change-44.4%-47.6%
    Record Year 2009 (162) 2009 (181,176)
    Dissolved Companies by Quarter
  3. Monthly Data (Apr, May & Jun 2010)

    Dissolved Companies by Month
    AprilMayJune
    Closed companies in 2010183933
    Closed companies in 2009487044
    % change-62.5%-44.3%-25%
    Record Year2009 (48)2009 (70)2009 (44)

Net Company Growth

  1. Half Year Data (Jan-Jun 2010)

    In the first half of 2010 the company register for Hitchin increased by 62 companies.

    Half Year (Jan-Jun)HitchinUK
    20106226,118
    2009-96-107,215
    Record Year2007 (179)2007 (171,296)
    Net Growth by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2010)

    Net company growth for Hitchin during the second quarter of 2010 (Apr 2010 - Jun 2010) was 16 companies.

    second quarter (Apr 2010 - Jun 2010)HitchinUK
    2010163,658
    2009-84-90,189
    Record Year 2007 (66) 2003 (69,274)
    Net Growth by Quarter
  3. Monthly Data (Apr, May & Jun 2010)

    April 2010 saw a new record in net growth in Hitchin when compared to any previous April.

    Net Growth by Month
    AprilMayJune
    Net growth in 201030-8-6
    Net growth in 2009-17-51-16
    Record Year2010 (30)2007 (26)2003 (29)

UK Company Share

  1. Half Year Data (Jan-Jun 2010)

    In the first half of 2010 Hitchin formed 0.1% of all UK companies. This is the same as the 2009 figure of 0.1%.

    Half Year (Jan-Jun)Hitchin
    20100.1%
    20090.1%
    20080.1%
    20070.1%
    20060.1%
    Record Year (since 1960) 1974 (0.2%)
    Company Share by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2010)

    In the second quarter of 2010, Hitchin formed 0.1% of all UK companies.

    second quarter (Apr 2010 - Jun 2010)Hitchin
    20100.1%
    20090.1%
    20080.1%
    20070.1%
    20060.1%
    Record Year (since 1960) 1974 (0.3%)
    Company Share by Quarter
  3. Monthly Data (Apr, May & Jun 2010)

    Company Share by Month
    AprilMayJune
    UK formation share in 20100.1%0.1%0.1%
    UK formation share in 20090.1%0.1%0.1%
    % change42.4%55.4%-13.2%
    Record Year1976 (0.4%)1965 (0.3%)1974 (0.5%)

Director Age

  1. Half Year Data (Jan-Jun 2010)

    The average age of a director in the first half of 2010 was 46.2.

    The percentage of directors under the age of 25 was 1.7% compared to the UK figure of 2.1%.

    The percentage of directors over the age of 65 was 4.7% compared to the UK figure of 4.7%.

    Director Age by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2010)

    The average age of a director in the second quarter of 2010 was 45.7.

    The percentage of directors under the age of 25 was 1.7% compared to the UK figure of 2.3%.

    The percentage of directors over the age of 65 was 4.0% compared to the UK figure of 4.4%.

    Director Age by Quarter

Director Gender

  1. Half Year Data (Jan-Jun 2010)

    The record first half year for female directors in Hitchin was 1857 when 40.0% of all directors were female.

    26.3% of all director appointments in Hitchin in the first half of 2010 were female. This compares to a UK average of 24.9% for the same period.

    Director Gender by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2010)

    The record second quarter for female directors in Hitchin was in 1866 when 66.7% of all directors were female.

    24.4% of all director appointments in Hitchin in the second quarter of 2010 were female. This compares to a UK average of 25.1% for the same period.

    Director Gender by Quarter

Naming Trends

  1. Previous 12 months (Jun 2009-Jun 2010)

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

    wordpercentageuk worduk percentage
    CONSULTING1.72%MANAGEMENT5.01%
    MANAGEMENT1.59%CONSULTING4.79%
    CONSULTANCY1.32%CONSULTANCY3.02%
    ASSOCIATES0.93%PROPERTY2.40%
    EUROPE0.93%ASSOCIATES2.02%
    RM0.79%TRADING2.01%
    GROUP0.79%DESIGN1.91%
    CONSTRUCTION0.66%CONSTRUCTION1.85%
    PROPERTY0.66%MEDIA1.80%
    SECURITY0.66%BUSINESS1.75%
    FONSECA0.66%CONSULTANTS1.71%
    CONSULTANTS0.66%INTERNATIONAL1.59%
    CO0.66%ENGINEERING1.56%
    MOSSACK0.66%LONDON1.52%
    DEVELOPMENTS0.53%INVESTMENTS1.49%
    ROAD0.53%J1.46%
    MARKETING0.53%CARE1.41%
    CO.0.53%GLOBAL1.39%
    INTERNATIONAL0.53%PROPERTIES1.35%
    CRIMSON0.53%BUILDING1.33%
    BUSINESS0.53%M1.29%
    CENTRE0.53%IT1.28%
    DESIGN0.53%ELECTRICAL1.27%
    SYSTEMS0.53%GROUP1.25%
    REDG0.53%DEVELOPMENTS1.25%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied186207,125
    7487 - Other business activities6368,525
    82990 - Other business support service activities not elsewhere classified3525,942
    9999 - Dormant Company2519,842
    7414 - Business & management consultancy2114,598
    70229 - Management consultancy activities other than financial management2113,490
    7499 - Non-trading company1913,997
    74990 - Non-trading company187,893
    7222 - Other software consultancy and supply158,285
    74909 - Other professional, scientific and technical activities not elsewhere classified156,684
    7260 - Other computer related activities149,122
    62020 - Information technology consultancy activities148,590
    99999 - Dormant Company1314,342
    4521 - General construction & civil engineering118,262
    9305 - Other service activities108,822
    62090 - Other information technology service activities95,854
    68320 - Management of real estate on a fee or contract basis93,070
    96090 - Other service activities not elsewhere classified87,922
    6024 - Freight transport by road72,960
    96020 - Hairdressing and other beauty treatment61,707

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    07299621 REDG SHARE CLASSES LIMITED 30 Jun 2010
    07287829 ULTM8ONE LTD 17 Jun 2010
    07286295 NICHE FUNERALS LIMITED 16 Jun 2010
    07284937 REDG FORMATIONS LIMITED 15 Jun 2010
    07284559 CHARLILLY LIMITED 15 Jun 2010
    07282496 QUARTERTOTEN PRODUCTIONS LIMITED 14 Jun 2010
    07281422 HIPPOCAMPUS PLC 11 Jun 2010
    07281314 OPTIMA ACCOUNTANCY SERVICES LIMITED 11 Jun 2010
    07275233 PREMIER 2 MAN DELIVERY LIMITED 07 Jun 2010
    07274673 LOPENSA & CO. LIMITED 07 Jun 2010
    07273959 DM SYSTEMS AND TEST LIMITED 04 Jun 2010
    07273795 BARLOW MEDICAL SERVICES LTD 04 Jun 2010
    07270674 LOCUM STAFFING LIMITED 01 Jun 2010
    07299687 COURTBEMAC LIMITED 30 Jun 2010
    07299592 THE DRINK STOP OFF LICENCE LIMITED 30 Jun 2010
    07291671 NEWTONGP LIMITED 22 Jun 2010
    07284674 A K AMIN TRADING LTD 15 Jun 2010
    07283623 ASTWICK VEHICLE REPAIRS LTD 14 Jun 2010
    07279052 OFAYO LIMITED 09 Jun 2010
    07279013 PAULA ADAMS LTD 09 Jun 2010
    07274479 PROJECT VALIDATION LTD 04 Jun 2010
    07274228 STRATHMORE PRE-SCHOOL 04 Jun 2010
    07273630 SCBS (UK) LTD 04 Jun 2010
    07272403 VJG CONSULTANCY LIMITED 03 Jun 2010
    07269174 BUTTER SIDE UP LTD 01 Jun 2010