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Hitchin, Hertfordshire

2011 Half Year Business Confidence Report

Headlines

  • Q2 2011 saw a new record in company registrations in Hitchin when compared to any previous Q2.
  • June 2011 saw a new record in company registrations in Hitchin when compared to any previous June.
  • Q2 2011 saw a new record in net growth in Hitchin when compared to any previous Q2.
  • April 2011 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 2011)

    In the first half of 2011 a total of 275 companies were formed in Hitchin. This figure is 15.1% higher than last year, which compares well to the UK wide figure of 12.3%.

    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
    2011275228,735
    2010239203,749
    % change15.1%12.3%
    Record Year2007 (300)2007 (279,097)
    New Companies by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2011)

    Q2 2011 saw a new record in company registrations in Hitchin when compared to any previous Q2.

    A total of 144 companies were registered in Hitchin during the second quarter of 2011 (Apr 2011 - Jun 2011).

    This figure is an increase of 35.8% versus the same period last year (Q2 2010). This figure compares well to the UK as a whole, which saw an increase of 13.9% against the same period last year.

    second quarter (Apr 2011 - Jun 2011)HitchinUK
    2011144112,344
    201010698,612
    % change35.8%13.9%
    Record Year 2011 (144) 2011 (112,344)
    New Companies by Quarter
  3. Monthly Data (Apr, May & Jun 2011)

    June 2011 saw a new record in company registrations in Hitchin when compared to any previous June.

    New Companies by Month
    AprilMayJune
    New companies in 2011454455
    New companies in 2010483127
    % change-6.3%41.9%103.7%
    Record Year2010 (48)2007 (50)2011 (55)

Closed Companies (dissolved)

  1. Half Year Data (Jan-Jun 2011)

    In the first half of 2011 a total of 169 companies were dissolved in Hitchin. This figure is 4.5% lower than last year, which compares badly to the UK wide change of -8.6%.

    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
    2011169162,310
    2010177177,631
    % change-4.5%-8.6%
    Record Year2009 (271)2009 (289,236)
    Dissolved Companies by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2011)

    A total of 72 companies were dissolved in Hitchin during the second quarter of 2011 (Apr 2011 - Jun 2011).

    This figure is a decrease of 20.0% versus the same period last year (Q2 2010). This figure compares poorly to the UK as a whole, which saw a decrease of 24.9% against the same period last year.

    second quarter (Apr 2011 - Jun 2011)HitchinUK
    20117271,324
    20109094,954
    % change-20.0%-24.9%
    Record Year 2009 (162) 2009 (181,176)
    Dissolved Companies by Quarter
  3. Monthly Data (Apr, May & Jun 2011)

    Dissolved Companies by Month
    AprilMayJune
    Closed companies in 2011143127
    Closed companies in 2010183933
    % change-22.2%-20.5%-18%
    Record Year2009 (48)2009 (70)2009 (44)

Net Company Growth

  1. Half Year Data (Jan-Jun 2011)

    In the first half of 2011 the company register for Hitchin increased by 106 companies.

    Half Year (Jan-Jun)HitchinUK
    201110666,425
    20106226,118
    Record Year2007 (179)2007 (171,296)
    Net Growth by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2011)

    Q2 2011 saw a new record in net growth in Hitchin when compared to any previous Q2.

    Net company growth for Hitchin during the second quarter of 2011 (Apr 2011 - Jun 2011) was 72 companies.

    second quarter (Apr 2011 - Jun 2011)HitchinUK
    20117241,020
    2010163,658
    Record Year 2011 (72) 2003 (69,274)
    Net Growth by Quarter
  3. Monthly Data (Apr, May & Jun 2011)

    April 2011 saw a new record in net growth in Hitchin when compared to any previous April.

    Net Growth by Month
    AprilMayJune
    Net growth in 2011311328
    Net growth in 201030-8-6
    Record Year2011 (31)2007 (26)2003 (29)

UK Company Share

  1. Half Year Data (Jan-Jun 2011)

    In the first half of 2011 Hitchin formed 0.1% of all UK companies. This is the same as the 2010 figure of 0.1%.

    Half Year (Jan-Jun)Hitchin
    20110.1%
    20100.1%
    20090.1%
    20080.1%
    20070.1%
    Record Year (since 1960) 1974 (0.2%)
    Company Share by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2011)

    In the second quarter of 2011, Hitchin formed 0.1% of all UK companies.

    second quarter (Apr 2011 - Jun 2011)Hitchin
    20110.1%
    20100.1%
    20090.1%
    20080.1%
    20070.1%
    Record Year (since 1960) 1974 (0.3%)
    Company Share by Quarter
  3. Monthly Data (Apr, May & Jun 2011)

    Company Share by Month
    AprilMayJune
    UK formation share in 20110.1%0.1%0.1%
    UK formation share in 20100.1%0.1%0.1%
    % change-9.2%11.8%80.6%
    Record Year1976 (0.4%)1965 (0.3%)1974 (0.5%)

Director Age

  1. Half Year Data (Jan-Jun 2011)

    The average age of a director in the first half of 2011 was 47.2.

    The percentage of directors under the age of 25 was 1.0% compared to the UK figure of 3.2%.

    The percentage of directors over the age of 65 was 7.1% compared to the UK figure of 4.3%.

    Director Age by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2011)

    The average age of a director in the second quarter of 2011 was 46.4.

    The percentage of directors under the age of 25 was 0.0% compared to the UK figure of 3.4%.

    The percentage of directors over the age of 65 was 4.1% compared to the UK figure of 4.3%.

    Director Age by Quarter

Director Gender

  1. Half Year Data (Jan-Jun 2011)

    The record first half year for female directors in Hitchin was 1861 when 40.0% of all directors were female.

    28.8% of all director appointments in Hitchin in the first half of 2011 were female. This compares to a UK average of 25.7% for the same period.

    Director Gender by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2011)

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

    35.0% of all director appointments in Hitchin in the second quarter of 2011 were female. This compares to a UK average of 26.1% for the same period.

    Director Gender by Quarter

Naming Trends

  1. Previous 12 months (Jun 2010-Jun 2011)

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

    wordpercentageuk worduk percentage
    CONSULTING2.10%CONSULTING5.09%
    MANAGEMENT1.77%MANAGEMENT4.86%
    TRADING1.11%CONSULTANCY3.17%
    DESIGN1.00%PROPERTY2.43%
    BUSINESS0.88%TRADING2.05%
    M0.66%DESIGN1.94%
    PROPERTY0.55%ASSOCIATES1.92%
    ASSOCIATES0.55%BUSINESS1.87%
    SYSTEMS0.55%CONSTRUCTION1.77%
    MAYDENCROFT0.44%CONSULTANTS1.76%
    T0.44%MEDIA1.73%
    TRUST0.44%ENGINEERING1.67%
    INTERIORS0.44%LONDON1.60%
    CONSTRUCTION0.44%GLOBAL1.46%
    MEDIA0.44%J1.44%
    PARTNERS0.44%CARE1.44%
    R0.44%INVESTMENTS1.42%
    AVIATION0.44%IT1.39%
    RECRUITMENT0.44%BUILDING1.32%
    MATRIX0.44%PROPERTIES1.31%
    ELECTRICAL0.44%ELECTRICAL1.30%
    INTERNATIONAL0.44%M1.27%
    PROJECT0.44%S1.23%
    HERTS0.44%ENTERPRISES1.20%
    C0.44%SYSTEMS1.20%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied172202,072
    7487 - Other business activities4960,758
    82990 - Other business support service activities not elsewhere classified4530,647
    9999 - Dormant Company2820,111
    7499 - Non-trading company2310,955
    74990 - Non-trading company218,481
    70229 - Management consultancy activities other than financial management2116,419
    62020 - Information technology consultancy activities2010,545
    74909 - Other professional, scientific and technical activities not elsewhere classified197,835
    7414 - Business & management consultancy1513,053
    96090 - Other service activities not elsewhere classified1510,322
    7260 - Other computer related activities147,849
    99999 - Dormant Company1418,918
    62090 - Other information technology service activities137,095
    7222 - Other software consultancy and supply137,143
    9305 - Other service activities99,063
    7032 - Manage real estate, fee or contract62,208
    96020 - Hairdressing and other beauty treatment62,091
    7450 - Labour recruitment52,304
    5530 - Restaurants55,086

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    07645714 INVORTO LIMITED 24 May 2011
    07641033 JUST 2 WEEKS LTD 19 May 2011
    07640602 FLOURISH CHILDCARE LIMITED 19 May 2011
    07637366 MARIANNE DORN LTD 17 May 2011
    07633453 B NATURAL LIMITED 13 May 2011
    07633442 KITCHENS FIT 4 YOU LIMITED 13 May 2011
    07632248 VSTOR LIMITED 12 May 2011
    07632200 EDUCATION MARKETING SOLUTIONS LIMITED 12 May 2011
    07625700 SMART WAY FORWARD LTD 06 May 2011
    07625086 INNOVATION AND TECHNIQUES BUSINESS LIMITED 06 May 2011
    07623074 CENTREPOINT TAVERNS LIMITED 05 May 2011
    07618521 CASTNER LIMITED 03 May 2011
    07639494 MRS B'S HOME COOKED FOODS LIMITED 18 May 2011
    07638185 JAMES COLLIER LTD 18 May 2011
    07638183 SETHI SAP CONSULTING LIMITED 18 May 2011
    07637294 UTILISE BUSINESS CONSULTING LIMITED 17 May 2011
    07637247 STYGIAN LIMITED 17 May 2011
    07633065 T4 TRADESMEN LIMITED 13 May 2011
    07632632 EISUS LIMITED 12 May 2011
    07628450 REMARKABLE TUTORING LTD 10 May 2011
    07627848 N & E K INTERNATIONAL LIMITED 10 May 2011
    07626215 ABRAM BUILDING COMPANY LIMITED 09 May 2011
    07622184 SPHERICORE CONSULTING LTD 04 May 2011
    07620268 VIZIER REGULATORY CONSULTING LTD 03 May 2011
    07619298 INTERIOR IDEAS LIMITED 03 May 2011