Hitchin, Hertfordshire

2010 Annual Business Confidence Report

Headlines

  • The second half of 2010 saw a new record in company registrations in Hitchin when compared to any previous second half year.
  • November 2010 saw a new record in company closures in Hitchin when compared to any previous November.

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. Annual Data (2010)

    A total of 469 companies were formed in Hitchin in 2010. This total is 27.1% higher than in 2009 and compares favourably to the UK figure of a 10.4% growth compared to 362,675 the previous year.

    YearHitchinUK
    2010469400,358
    2009369362,675
    2008430349,203
    2007495457,649
    2006410405,440
    Record Year2007 (495)2007 (457,649)
    New Companies by Year
  2. Half Year Data (Jul-Dec 2010)

    The second half of 2010 saw a new record in company registrations in Hitchin when compared to any previous second half year.

    In the second half of 2010 a total of 230 companies were formed in Hitchin. This figure is 18.6% higher than last year, which compares well to the UK wide figure of 8.8%.

    The highest total for a second half year in Hitchin occurred in 2010 when a total of 230 were formed.

    Half Year (Jul-Dec)HitchinUK
    2010230196,609
    2009194180,654
    % change18.6%8.8%
    Record Year2010 (230)2003 (201,446)
    New Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    A total of 101 companies were registered in Hitchin during the fourth quarter of 2010 (Oct 2010 - Dec 2010).

    This figure is an increase of 8.6% versus the same period last year (Q4 2009). This figure compares equally to the UK as a whole, which saw an increase of 10.6% against the same period last year.

    fourth quarter (Oct 2010 - Dec 2010)HitchinUK
    201010195,117
    20099385,983
    % change8.6%10.6%
    Record Year 2002 (108) 2010 (95,117)
    New Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    New Companies by Month
    OctoberNovemberDecember
    New companies in 2010423326
    New companies in 2009323229
    % change31.3%3.1%-10.3%
    Record Year2002 (51)2005 (36)2009 (29)

Closed Companies (dissolved)

  1. Annual Data (2010)

    A total of 325 companies were dissolved in Hitchin in 2010. This total is 32.7% lower than in 2009 and compares favourably to the UK figure of 35.9% decrease compared to the previous year.

    YearHitchinUK
    2010325342,232
    2009483533,773
    2008227237,901
    2007213220,295
    2006259200,166
    Record Year2009 (483)2009 (533,773)
    Dissolved Companies by Year
  2. Half Year Data (Jul-Dec 2010)

    In the second half of 2010 a total of 148 companies were dissolved in Hitchin. This figure is 30.2% lower than last year, which compares badly to the UK wide change of -32.7%.

    The highest total for a second half year in Hitchin occurred in 2009 when a total of 212 were closed.

    Half Year (Jul-Dec)HitchinUK
    2010148164,601
    2009212244,537
    % change-30.2%-32.7%
    Record Year2009 (212)2009 (244,537)
    Dissolved Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    A total of 69 companies were dissolved in Hitchin during the fourth quarter of 2010 (Oct 2010 - Dec 2010).

    This figure is a decrease of 11.5% versus the same period last year (Q4 2009). This figure compares well to the UK as a whole, which saw a decrease of 9.7% against the same period last year.

    fourth quarter (Oct 2010 - Dec 2010)HitchinUK
    20106976,896
    20097885,136
    % change-11.5%-9.7%
    Record Year 2006 (80) 2009 (85,136)
    Dissolved Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    November 2010 saw a new record in company closures in Hitchin when compared to any previous November.

    Dissolved Companies by Month
    OctoberNovemberDecember
    Closed companies in 2010223215
    Closed companies in 2009261933
    % change-15.4%68.4%-55%
    Record Year2006 (39)2010 (32)2009 (33)

Net Company Growth

  1. Annual Data (2010)

    A total of 144 companies were added to the company register for Hitchin in 2010. This number represents growth of 39.0% in the total number of active companies, which compares favourably to the UK figure of 16.0%.

    This number is 258 companies higher than the previous year.

    The highest net company growth figure ever seen in one year came in 2007 when the Hitchin company register grew by 282 companies.

    YearHitchinUK
    201014458,126
    2009-114-171,098
    2008203111,302
    2007282237,354
    2006151205,274
    Record Year2007 (282)2003 (242,543)
    Net Growth by Year
  2. Half Year Data (Jul-Dec 2010)

    In the second half of 2010 the company register for Hitchin increased by 82 companies.

    Half Year (Jul-Dec)HitchinUK
    20108232,008
    2009-18-63,883
    Record Year2007 (103)2003 (117,772)
    Net Growth by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    Net company growth for Hitchin during the fourth quarter of 2010 (Oct 2010 - Dec 2010) was 32 companies.

    fourth quarter (Oct 2010 - Dec 2010)HitchinUK
    20103218,221
    200915847
    Record Year 1998 (50) 2003 (57,175)
    Net Growth by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    Net Growth by Month
    OctoberNovemberDecember
    Net growth in 201020111
    Net growth in 2009613-4
    Record Year2002 (36)2003 (21)1998 (15)

UK Company Share

  1. Annual Data (2010)

    In 2010 Hitchin formed 0.1% of all UK companies. This is no change on 2009 when Hitchin was responsible for 0.1% of all UK companies.

    YearHitchin
    20100.1%
    20090.1%
    20080.1%
    20070.1%
    20060.1%
    Record Year (since 1960)1974 (0.2%)
    Company Share by Year
  2. Half Year Data (Jul-Dec 2010)

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

    Half Year (Jul-Dec)Hitchin
    20100.1%
    20090.1%
    20080.1%
    20070.1%
    20060.1%
    Record Year (since 1960) 1976 (0.2%)
    Company Share by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

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

    fourth quarter (Oct 2010 - Dec 2010)Hitchin
    20100.1%
    20090.1%
    20080.1%
    20070.1%
    20060.1%
    Record Year (since 1960) 1968 (0.2%)
    Company Share by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    Company Share by Month
    OctoberNovemberDecember
    UK formation share in 20100.1%0.1%0.1%
    UK formation share in 20090.1%0.1%0.1%
    % change15.0%-7.8%-14.7%
    Record Year1975 (0.4%)1963 (0.3%)1964 (0.3%)

Director Age

  1. Annual Data (2010)

    The average age of a director in 2010 was 46.3.

    The percentage of directors under the age of 25 was 1.8% compared to the UK figure of 2.5%.

    The percentage of directors over the age of 65 was 5.6% compared to the UK figure of 4.5%.

    Director Age by Year
  2. Half Year Data (Jul-Dec 2010)

    The average age of a director in the second half of 2010 was 46.4.

    The percentage of directors under the age of 25 was 1.8% compared to the UK figure of 2.8%.

    The percentage of directors over the age of 65 was 6.6% compared to the UK figure of 4.4%.

    Director Age by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    The average age of a director in the fourth quarter of 2010 was 44.8.

    The percentage of directors under the age of 25 was 1.9% compared to the UK figure of 3.0%.

    The percentage of directors over the age of 65 was 3.2% compared to the UK figure of 4.4%.

    Director Age by Quarter

Director Gender

  1. Annual Data (2010)

    The record year for female directors in Hitchin was 1857 when 36.4% of all directors were female.

    The percentage of female directors in Hitchin in 2010 was 28.1%. The average for the UK during this time was 26.2%

    Director Gender by Year
  2. Half Year Data (Jul-Dec 2010)

    The record second half year for female directors in Hitchin was 1860 when 42.9% of all directors were female.

    28.2% of all director appointments in Hitchin in the second half of 2010 were female. This compares to a UK average of 25.0% for the same period.

    Director Gender by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    The record fourth quarter for female directors in Hitchin was in 1977 when 31.1% of all directors were female.

    28.2% of all director appointments in Hitchin in the fourth quarter of 2010 were female. This compares to a UK average of 24.7% for the same period.

    Director Gender by Quarter

Naming Trends

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

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

    wordpercentageuk worduk percentage
    CONSULTANCY1.34%CONSULTING5.06%
    MANAGEMENT1.22%MANAGEMENT5.01%
    CONSULTING1.22%CONSULTANCY3.14%
    ASSOCIATES0.97%PROPERTY2.36%
    CONSULTANTS0.85%TRADING2.11%
    SYSTEMS0.73%ASSOCIATES1.95%
    RM0.73%DESIGN1.92%
    CONSTRUCTION0.73%BUSINESS1.82%
    GROUP0.73%CONSTRUCTION1.82%
    FONSECA0.61%CONSULTANTS1.76%
    CO0.61%MEDIA1.71%
    INTERNATIONAL0.61%ENGINEERING1.62%
    MOSSACK0.61%LONDON1.60%
    EUROPE0.61%CARE1.45%
    CO.0.61%INVESTMENTS1.44%
    PARTNERS0.61%GLOBAL1.43%
    TRADING0.61%J1.42%
    HOLDINGS0.49%IT1.41%
    HERTS0.49%PROPERTIES1.34%
    CENTRE0.49%INTERNATIONAL1.34%
    ENERGY0.49%BUILDING1.34%
    TRUST0.49%M1.30%
    SAFETY0.49%ELECTRICAL1.25%
    MAINTENANCE0.49%SYSTEMS1.24%
    BUSINESS0.49%S1.23%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied176199,572
    7487 - Other business activities5663,348
    82990 - Other business support service activities not elsewhere classified4127,550
    9999 - Dormant Company2820,144
    70229 - Management consultancy activities other than financial management2014,505
    74909 - Other professional, scientific and technical activities not elsewhere classified207,088
    7499 - Non-trading company1912,000
    7414 - Business & management consultancy1713,474
    74990 - Non-trading company158,243
    62020 - Information technology consultancy activities159,177
    7260 - Other computer related activities158,089
    99999 - Dormant Company1416,285
    7222 - Other software consultancy and supply147,298
    62090 - Other information technology service activities106,330
    96090 - Other service activities not elsewhere classified108,799
    4521 - General construction & civil engineering96,598
    68320 - Management of real estate on a fee or contract basis83,097
    96020 - Hairdressing and other beauty treatment81,873
    7032 - Manage real estate, fee or contract82,235
    9305 - Other service activities78,858

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    07423255 INK VIRO LIMITED 29 Oct 2010
    07421873 MANAGEMENT ACCOUNTS LIMITED 28 Oct 2010
    07414724 M & R SERVICES (HITCHIN) LIMITED 21 Oct 2010
    07414655 ANGELLO OPPORTUNITY CAUCASUS LIMITED 21 Oct 2010
    07414049 BRIDGE STREET SALON LIMITED 20 Oct 2010
    07411151 RICO PICANTE LIMITED 18 Oct 2010
    07406762 APOLLO INTERIORS LIMITED 14 Oct 2010
    07403438 GJR PROP HAND SERVICES LIMITED 11 Oct 2010
    07401831 KELT BRIGHT LIMITED 08 Oct 2010
    07395942 HAVEN CAPITAL PARTNERS LIMITED 04 Oct 2010
    07394587 STYLEMYS LIMITED 01 Oct 2010
    OC358927 LOGIC EVOLUTION LLP 22 Oct 2010
    07424385 RUBY BRANDS LIMITED 29 Oct 2010
    07419843 BLUNHAM ADHESIVES LIMITED 26 Oct 2010
    07419093 TRISTAR CIVIL ENGINEERING LIMITED 26 Oct 2010
    07415171 TRITON DYNAMIC SYSTEMS LIMITED 21 Oct 2010
    07410354 TMCO LIMITED 18 Oct 2010
    07409792 ISAZA & COOK COFFEE TRADERS LTD 18 Oct 2010
    07409353 DP AVIATION LIMITED 15 Oct 2010
    07407356 PIRTON PRE-SCHOOL 14 Oct 2010
    07406584 KANIYURS IMAGING LIMITED 13 Oct 2010
    07403745 J J EDWIN LTD 12 Oct 2010
    07401623 INTHINK LIMITED 08 Oct 2010
    07395998 MORUS BUSINESS SOLUTIONS LIMITED 04 Oct 2010
    07394899 KRE8IVE PARTNERS LTD 04 Oct 2010