Hitchin, Hertfordshire
2012 Annual Business Confidence Report
Headlines
- 2012 was a record year for company registrations in Hitchin when compared to any year in history.
- The second half of 2012 saw a new record in company registrations in Hitchin when compared to any previous second half year.
- October 2012 saw a new record in company registrations in Hitchin when compared to any previous October.
- October 2012 saw a new record in company closures in Hitchin when compared to any previous October.
- 2012 was a record year for net growth in Hitchin when compared to any year in history.
- The second half of 2012 saw a new record in net growth in Hitchin when compared to any previous second half year.
Contents
New Company Registrations
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Annual Data (2012)
2012 was a record year for company registrations in Hitchin when compared to any year in history.
A total of 673 companies were formed in Hitchin in 2012. This total is 15.4% higher than in 2011 and compares favourably to the UK figure of a 8.6% growth compared to 452,870 the previous year.
Year Hitchin UK 2012 673 491,893 2011 583 452,870 2010 469 400,358 2009 369 362,675 2008 430 349,203 Record Year 2012 (673) 2012 (491,893) New Companies by Year
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Half Year Data (Jul-Dec 2012)
The second half of 2012 saw a new record in company registrations in Hitchin when compared to any previous second half year.
In the second half of 2012 a total of 315 companies were formed in Hitchin. This figure is 2.3% higher than last year, which compares badly to the UK wide figure of 6.5%.
The highest total for a second half year in Hitchin occurred in 2012 when a total of 315 were formed.
Half Year (Jul-Dec) Hitchin UK 2012 315 238,743 2011 308 224,135 % change 2.3% 6.5% Record Year 2012 (315) 2012 (238,743) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
A total of 136 companies were registered in Hitchin during the fourth quarter of 2012 (Oct 2012 - Dec 2012).
This figure is a decrease of 22.7% versus the same period last year (Q4 2011). This figure compares badly to the UK as a whole, which saw an increase of 9.4% against the same period last year.
fourth quarter (Oct 2012 - Dec 2012) Hitchin UK 2012 136 119,875 2011 176 109,623 % change -22.7% 9.4% Record Year 2011 (176) 2012 (119,875) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2012)
October 2012 saw a new record in company registrations in Hitchin when compared to any previous October.
New Companies by Month
October November December New companies in 2012 71 38 27 New companies in 2011 49 55 72 % change 44.9% -30.9% -62.5% Record Year 2012 (71) 2011 (55) 2011 (72)
Closed Companies (dissolved)
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Annual Data (2012)
A total of 308 companies were dissolved in Hitchin in 2012. This total is 4.0% lower than in 2011 and compares favourably to the UK figure of 6.6% decrease compared to the previous year.
Year Hitchin UK 2012 308 293,728 2011 321 314,524 2010 325 342,233 2009 483 533,787 2008 227 237,873 Record Year 2009 (483) 2009 (533,787) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2012)
In the second half of 2012 a total of 143 companies were dissolved in Hitchin. This figure is 5.9% lower than last year, which compares well to the UK wide change of -4.1%.
The highest total for a second half year in Hitchin occurred in 2009 when a total of 212 were closed.
Half Year (Jul-Dec) Hitchin UK 2012 143 145,934 2011 152 152,213 % change -5.9% -4.1% Record Year 2009 (212) 2009 (244,543) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
A total of 80 companies were dissolved in Hitchin during the fourth quarter of 2012 (Oct 2012 - Dec 2012).
This figure is an increase of 3.9% versus the same period last year (Q4 2011). This figure compares poorly to the UK as a whole, which saw a decrease of 12.4% against the same period last year.
fourth quarter (Oct 2012 - Dec 2012) Hitchin UK 2012 80 70,026 2011 77 79,983 % change 3.9% -12.4% Record Year 2006 (80) 2009 (85,139) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2012)
October 2012 saw a new record in company closures in Hitchin when compared to any previous October.
Dissolved Companies by Month
October November December Closed companies in 2012 39 27 14 Closed companies in 2011 21 34 22 % change 85.7% -20.6% -36% Record Year 2012 (39) 2011 (34) 2009 (33)
Net Company Growth
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Annual Data (2012)
2012 was a record year for net growth in Hitchin when compared to any year in history.
A total of 365 companies were added to the company register for Hitchin in 2012. This number represents growth of 62.6% in the total number of active companies, which compares favourably to the UK figure of 43.8%.
This number is 103 companies higher than the previous year.
The highest net company growth figure ever seen in one year came in 2012 when the Hitchin company register grew by 365 companies.
Year Hitchin UK 2012 365 198,165 2011 262 138,346 2010 144 58,125 2009 -114 -171,112 2008 203 111,330 Record Year 2012 (365) 2003 (242,541) Net Growth by Year
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Half Year Data (Jul-Dec 2012)
The second half of 2012 saw a new record in net growth in Hitchin when compared to any previous second half year.
In the second half of 2012 the company register for Hitchin increased by 172 companies.
Half Year (Jul-Dec) Hitchin UK 2012 172 92,809 2011 156 71,922 Record Year 2012 (172) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
Net company growth for Hitchin during the fourth quarter of 2012 (Oct 2012 - Dec 2012) was 56 companies.
fourth quarter (Oct 2012 - Dec 2012) Hitchin UK 2012 56 49,849 2011 99 29,640 Record Year 2011 (99) 2003 (57,175) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2012)
Net Growth by Month
October November December Net growth in 2012 32 11 13 Net growth in 2011 28 21 50 Record Year 2002 (36) 2011 (21) 2011 (50)
UK Company Share
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Annual Data (2012)
In 2012 Hitchin formed 0.1% of all UK companies. This is no change on 2011 when Hitchin was responsible for 0.1% of all UK companies.
Year Hitchin 2012 0.1% 2011 0.1% 2010 0.1% 2009 0.1% 2008 0.1% Record Year (since 1960) 1974 (0.2%) Company Share by Year
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Half Year Data (Jul-Dec 2012)
In the second half of 2012 Hitchin formed 0.1% of all UK companies. This is the same as the 2011 figure of 0.1%.
Half Year (Jul-Dec) Hitchin 2012 0.1% 2011 0.1% 2010 0.1% 2009 0.1% 2008 0.1% Record Year (since 1960) 1976 (0.2%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
In the fourth quarter of 2012, Hitchin formed 0.1% of all UK companies.
fourth quarter (Oct 2012 - Dec 2012) Hitchin 2012 0.1% 2011 0.2% 2010 0.1% 2009 0.1% 2008 0.1% Record Year (since 1960) 1968 (0.2%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2012)
Company Share by Month
October November December UK formation share in 2012 0.2% 0.1% 0.1% UK formation share in 2011 0.1% 0.1% 0.2% % change 21.7% -34.2% -63.5% Record Year 1975 (0.4%) 1963 (0.3%) 1964 (0.3%)
Director Age
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Annual Data (2012)
The average age of a director in 2012 was 45.8.
The percentage of directors under the age of 25 was 2.6% compared to the UK figure of 3.8%.
The percentage of directors over the age of 65 was 6.6% compared to the UK figure of 4.1%.
Director Age by Year
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Half Year Data (Jul-Dec 2012)
The average age of a director in the second half of 2012 was 44.0.
The percentage of directors under the age of 25 was 4.3% compared to the UK figure of 4.3%.
The percentage of directors over the age of 65 was 3.6% compared to the UK figure of 4.0%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
The average age of a director in the fourth quarter of 2012 was 44.1.
The percentage of directors under the age of 25 was 0.9% compared to the UK figure of 4.4%.
The percentage of directors over the age of 65 was 2.6% compared to the UK figure of 3.9%.
Director Age by Quarter
Director Gender
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Annual Data (2012)
The record year for female directors in Hitchin was 1860 when 35.7% of all directors were female.
The percentage of female directors in Hitchin in 2012 was 29.9%. The average for the UK during this time was 29.9%
Director Gender by Year
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Half Year Data (Jul-Dec 2012)
The record second half year for female directors in Hitchin was 1860 when 42.9% of all directors were female.
30.9% of all director appointments in Hitchin in the second half of 2012 were female. This compares to a UK average of 25.5% for the same period.
Director Gender by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
The record fourth quarter for female directors in Hitchin was in 1977 when 31.2% of all directors were female.
30.4% of all director appointments in Hitchin in the fourth quarter of 2012 were female. This compares to a UK average of 25.3% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Dec 2011-Dec 2012)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage CONSULTING 1.75% CONSULTING 5.15% MANAGEMENT 1.57% MANAGEMENT 4.78% CONSULTANCY 1.29% CONSULTANCY 3.31% ASSOCIATES 0.92% PROPERTY 2.40% GLOBAL 0.83% TRADING 2.03% SKIP 0.83% DESIGN 1.86% HIRE 0.74% ASSOCIATES 1.82% MARKETING 0.65% ENGINEERING 1.79% PROPERTY 0.65% BUSINESS 1.76% HITCHIN 0.55% CONSULTANTS 1.75% TRADE 0.55% CONSTRUCTION 1.69% INVESTMENTS 0.55% LONDON 1.69% ENGINEERING 0.55% MEDIA 1.69% TRADING 0.55% GLOBAL 1.59% HOLDINGS 0.55% J 1.57% ENTERPRISES 0.55% INVESTMENTS 1.46% D 0.55% IT 1.43% BUSINESS 0.55% CARE 1.39% ELECTRICAL 0.46% PROPERTIES 1.34% BUILDING 0.46% M 1.26% CONSTRUCTION 0.46% BUILDING 1.23% MIDI 0.46% ENTERPRISES 1.21% MINI 0.46% TRAINING 1.18% MAINTENANCE 0.46% ELECTRICAL 1.17% 1 0.46% SECURITY 1.17%
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 261 236,139 70229 - Management consultancy activities other than financial management 62 30,396 82990 - Other business support service activities not elsewhere classified 55 52,427 74990 - Non-trading company 50 13,808 99999 - Dormant Company 38 40,648 74909 - Other professional, scientific and technical activities not elsewhere classified 34 15,572 96090 - Other service activities not elsewhere classified 31 22,058 62020 - Information technology consultancy activities 29 23,256 62090 - Other information technology service activities 21 12,291 74100 - specialised design activities 11 3,267 49410 - Freight transport by road 10 5,165 41100 - Development of building projects 10 7,980 7487 - Other business activities 10 10,703 93199 - Other sports activities 9 3,154 85590 - Other education not elsewhere classified 9 4,677 98000 - Residents property management 9 4,377 62012 - Business and domestic software development 9 7,446 43210 - Electrical installation 8 5,304 86900 - Other human health activities 8 7,866 71200 - Technical testing and analysis 7 781
Recent Companies
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Randomly selected companies from this quarter
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