Hitchin, Hertfordshire
Q1 2011 Business Confidence Report
Headlines
- January 2011 saw a new record in company closures in Hitchin when compared to any previous January.
Contents
New Company Registrations
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Quarterly Data (Q1 Jan-Mar 2011)
A total of 131 companies were registered in Hitchin during the first quarter of 2011 (Jan 2011 - Mar 2011).
This figure is a decrease of 1.5% versus the same period last year (Q1 2010). This figure compares badly to the UK as a whole, which saw an increase of 10.7% against the same period last year.
first quarter (Jan 2011 - Mar 2011) Hitchin UK 2011 131 116,391 2010 133 105,137 % change -1.5% 10.7% Record Year 2007 (182) 2007 (166,814) New Companies by Quarter
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Monthly Data (Jan, Feb & Mar 2011)
New Companies by Month
January February March New companies in 2011 37 42 52 New companies in 2010 41 35 57 % change -9.8% 20.0% -8.8% Record Year 2007 (51) 2008 (45) 2007 (87)
Closed Companies (dissolved)
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Quarterly Data (Q1 Jan-Mar 2011)
A total of 97 companies were dissolved in Hitchin during the first quarter of 2011 (Jan 2011 - Mar 2011).
This figure is an increase of 11.5% versus the same period last year (Q1 2010). This figure compares poorly to the UK as a whole, which saw an increase of 10.0% against the same period last year.
first quarter (Jan 2011 - Mar 2011) Hitchin UK 2011 97 90,986 2010 87 82,677 % change 11.5% 10.0% Record Year 2009 (109) 2009 (108,060) Dissolved Companies by Quarter
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Monthly Data (Jan, Feb & Mar 2011)
January 2011 saw a new record in company closures in Hitchin when compared to any previous January.
Dissolved Companies by Month
January February March Closed companies in 2011 36 29 32 Closed companies in 2010 22 25 40 % change 63.6% 16.0% -20% Record Year 2011 (36) 2008 (36) 2009 (79)
Net Company Growth
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Quarterly Data (Q1 Jan-Mar 2011)
Net company growth for Hitchin during the first quarter of 2011 (Jan 2011 - Mar 2011) was 34 companies.
first quarter (Jan 2011 - Mar 2011) Hitchin UK 2011 34 25,405 2010 46 22,460 Record Year 2007 (113) 2007 (111,282) Net Growth by Quarter
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Monthly Data (Jan, Feb & Mar 2011)
Net Growth by Month
January February March Net growth in 2011 1 13 20 Net growth in 2010 19 10 17 Record Year 2005 (23) 2005 (41) 2007 (61)
UK Company Share
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Quarterly Data (Q1 Jan-Mar 2011)
In the first quarter of 2011, Hitchin formed 0.1% of all UK companies.
first quarter (Jan 2011 - Mar 2011) Hitchin 2011 0.1% 2010 0.1% 2009 0.1% 2008 0.1% 2007 0.1% Record Year (since 1960) 1970 (0.4%) Company Share by Quarter
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Monthly Data (Jan, Feb & Mar 2011)
Company Share by Month
January February March UK formation share in 2011 0.1% 0.1% 0.1% UK formation share in 2010 0.1% 0.1% 0.1% % change -22.2% 5.5% -13.0% Record Year 1962 (0.4%) 1967 (0.4%) 1970 (0.5%)
Director Age
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Quarterly Data (Q1 Jan-Mar 2011)
The average age of a director in the first quarter of 2011 was 48.0.
The percentage of directors under the age of 25 was 2.0% compared to the UK figure of 3.0%.
The percentage of directors over the age of 65 was 9.9% compared to the UK figure of 4.3%.
Director Age by Quarter
Director Gender
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Quarterly Data (Q1 Jan-Mar 2011)
The record first quarter for female directors in Hitchin was in 1861 when 40.0% of all directors were female.
22.6% of all director appointments in Hitchin in the first quarter of 2011 were female. This compares to a UK average of 25.4% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Mar 2010-Mar 2011)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage MANAGEMENT 1.56% CONSULTING 5.04% CONSULTING 1.44% MANAGEMENT 4.97% GROUP 0.96% CONSULTANCY 3.16% CONSULTANCY 0.96% PROPERTY 2.38% ASSOCIATES 0.84% TRADING 2.10% RM 0.72% DESIGN 1.93% CONSULTANTS 0.72% ASSOCIATES 1.92% CONSTRUCTION 0.72% BUSINESS 1.87% TRADING 0.72% CONSTRUCTION 1.80% DESIGN 0.60% CONSULTANTS 1.76% MOSSACK 0.60% MEDIA 1.69% CO 0.60% ENGINEERING 1.61% BUSINESS 0.60% LONDON 1.60% FONSECA 0.60% CARE 1.45% EUROPE 0.60% J 1.45% SYSTEMS 0.60% GLOBAL 1.44% AVIATION 0.48% INVESTMENTS 1.43% MATRIX 0.48% IT 1.41% INTERNATIONAL 0.48% PROPERTIES 1.36% MAYDENCROFT 0.48% BUILDING 1.34% HERTS 0.48% M 1.30% REDG 0.48% ELECTRICAL 1.28% RECRUITMENT 0.48% S 1.24% INTERIORS 0.48% INTERNATIONAL 1.23% HOLDINGS 0.48% SYSTEMS 1.23%
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 174 202,798 7487 - Other business activities 55 60,968 82990 - Other business support service activities not elsewhere classified 50 30,253 9999 - Dormant Company 30 19,765 70229 - Management consultancy activities other than financial management 23 16,150 74909 - Other professional, scientific and technical activities not elsewhere classified 21 7,788 7499 - Non-trading company 20 11,316 62020 - Information technology consultancy activities 18 10,246 74990 - Non-trading company 17 8,695 7414 - Business & management consultancy 16 12,916 7260 - Other computer related activities 15 7,789 96090 - Other service activities not elsewhere classified 15 10,085 7222 - Other software consultancy and supply 14 7,000 62090 - Other information technology service activities 14 6,996 99999 - Dormant Company 13 18,336 9305 - Other service activities 9 8,740 96020 - Hairdressing and other beauty treatment 7 2,073 7032 - Manage real estate, fee or contract 7 2,143 43220 - Plumbing, heat and air-conditioning installation 6 2,312 4521 - General construction & civil engineering 6 6,183
Recent Companies
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Randomly selected companies from this quarter
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