Hitchin, Hertfordshire

2013 Annual Business Confidence Report

NOTICE: We have improved our calculations of the statistics in these reports, so some figures and records may not match previous reports.

Headlines

  • October 2013 saw a new record in company closures in Hitchin when compared to any previous October.

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 (2013)

    A total of 513 companies were formed in Hitchin in 2013. This total is 23.8% lower than in 2012 and compares poorly to the UK figure of a 7.6% growth compared to 491,893 the previous year.

    YearHitchinUK
    2013513529,363
    2012673491,893
    2011583452,870
    2010469400,358
    2009369362,675
    Record Year2012 (673)2013 (529,363)
    New Companies by Year
  2. Half Year Data (Jul-Dec 2013)

    In the second half of 2013 a total of 249 companies were formed in Hitchin. This figure is 21.0% lower than last year, which compares badly to the UK wide figure of 8.9%.

    The highest total for a second half year in Hitchin occurred in 2012 when a total of 315 were formed.

    Half Year (Jul-Dec)HitchinUK
    2013249259,931
    2012315238,743
    % change-21.0%8.9%
    Record Year2012 (315)2013 (259,931)
    New Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2013)

    A total of 133 companies were registered in Hitchin during the fourth quarter of 2013 (Oct 2013 - Dec 2013).

    This figure is a decrease of 2.2% versus the same period last year (Q4 2012). This figure compares badly to the UK as a whole, which saw an increase of 6.1% against the same period last year.

    fourth quarter (Oct 2013 - Dec 2013)HitchinUK
    2013133127,247
    2012136119,875
    % change-2.2%6.1%
    Record Year 2011 (176) 2013 (127,247)
    New Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2013)

    New Companies by Month
    OctoberNovemberDecember
    New companies in 2013414349
    New companies in 2012713827
    % change-42.3%13.2%81.5%
    Record Year2012 (71)2011 (55)2011 (72)

Closed Companies (dissolved)

  1. Annual Data (2013)

    A total of 320 companies were dissolved in Hitchin in 2013. This total is 3.9% higher than in 2012 and compares unfavourably to the UK figure of 13.1% growth compared to the previous year.

    YearHitchinUK
    2013320332,213
    2012308293,729
    2011321314,524
    2010325342,233
    2009483533,789
    Record Year2009 (483)2009 (533,789)
    Dissolved Companies by Year
  2. Half Year Data (Jul-Dec 2013)

    In the second half of 2013 a total of 176 companies were dissolved in Hitchin. This figure is 23.1% higher than last year, which compares badly to the UK wide change of 21.3%.

    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
    2013176177,021
    2012143145,935
    % change23.1%21.3%
    Record Year2009 (212)2009 (244,544)
    Dissolved Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2013)

    A total of 103 companies were dissolved in Hitchin during the fourth quarter of 2013 (Oct 2013 - Dec 2013).

    This figure is an increase of 28.8% versus the same period last year (Q4 2012). This figure compares well to the UK as a whole, which saw an increase of 29.7% against the same period last year.

    fourth quarter (Oct 2013 - Dec 2013)HitchinUK
    201310390,851
    20128070,027
    % change28.8%29.7%
    Record Year 2013 (103) 2013 (90,851)
    Dissolved Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2013)

    October 2013 saw a new record in company closures in Hitchin when compared to any previous October.

    Dissolved Companies by Month
    OctoberNovemberDecember
    Closed companies in 2013433030
    Closed companies in 2012392714
    % change10.3%11.1%114%
    Record Year2013 (43)2011 (34)2009 (33)

Net Company Growth

  1. Annual Data (2013)

    A total of 193 companies were added to the company register for Hitchin in 2013. This number represents growth of 37.6% in the total number of active companies, which compares favourably to the UK figure of 37.2%.

    This number is 172 companies lower 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.

    YearHitchinUK
    2013193197,150
    2012365198,164
    2011262138,346
    201014458,125
    2009-114-171,114
    Record Year2012 (365)2007 (237,353)
    Net Growth by Year
  2. Half Year Data (Jul-Dec 2013)

    In the second half of 2013 the company register for Hitchin increased by 73 companies.

    Half Year (Jul-Dec)HitchinUK
    20137382,910
    201217292,808
    Record Year2012 (172)2003 (117,772)
    Net Growth by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2013)

    Net company growth for Hitchin during the fourth quarter of 2013 (Oct 2013 - Dec 2013) was 30 companies.

    fourth quarter (Oct 2013 - Dec 2013)HitchinUK
    20133036,396
    20125649,848
    Record Year 2011 (99) 2012 (49,848)
    Net Growth by Quarter
  4. Monthly Data (Oct, Nov & Dec 2013)

    Net Growth by Month
    OctoberNovemberDecember
    Net growth in 2013-21319
    Net growth in 2012321113
    Record Year2002 (36)2011 (21)2011 (50)

UK Company Share

  1. Annual Data (2013)

    In 2013 Hitchin formed 0.1% of all UK companies. This is no change on 2012 when Hitchin was responsible for 0.1% of all UK companies.

    YearHitchin
    20130.1%
    20120.1%
    20110.1%
    20100.1%
    20090.1%
    Record Year (since 1960)1997 (0.1%)
    Company Share by Year
  2. Half Year Data (Jul-Dec 2013)

    In the second half of 2013 Hitchin formed 0.1% of all UK companies. This is the same as the 2012 figure of 0.1%.

    Half Year (Jul-Dec)Hitchin
    20130.1%
    20120.1%
    20110.1%
    20100.1%
    20090.1%
    Record Year (since 1960) 1993 (0.1%)
    Company Share by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2013)

    In the fourth quarter of 2013, Hitchin formed 0.1% of all UK companies.

    fourth quarter (Oct 2013 - Dec 2013)Hitchin
    20130.1%
    20120.1%
    20110.2%
    20100.1%
    20090.1%
    Record Year (since 1960) 2011 (0.2%)
    Company Share by Quarter
  4. Monthly Data (Oct, Nov & Dec 2013)

    Company Share by Month
    OctoberNovemberDecember
    UK formation share in 20130.1%0.1%0.1%
    UK formation share in 20120.2%0.1%0.1%
    % change-46.3%11.1%65.0%
    Record Year1994 (0.2%)1996 (0.2%)2011 (0.2%)

Director Age

  1. Annual Data (2013)

    The average age of a director in 2013 was 46.8.

    The percentage of directors under the age of 25 was 4.3% compared to the UK figure of 3.9%.

    The percentage of directors over the age of 65 was 3.6% compared to the UK figure of 4.2%.

    Director Age by Year
  2. Half Year Data (Jul-Dec 2013)

    The average age of a director in the second half of 2013 was 44.3.

    The percentage of directors under the age of 25 was 5.3% compared to the UK figure of 3.7%.

    The percentage of directors over the age of 65 was 4.1% compared to the UK figure of 4.8%.

    Director Age by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2013)

    The average age of a director in the fourth quarter of 2013 was 44.5.

    The percentage of directors under the age of 25 was 4.3% compared to the UK figure of 3.7%.

    The percentage of directors over the age of 65 was 3.8% compared to the UK figure of 5.1%.

    Director Age by Quarter

Director Gender

  1. Annual Data (2013)

    The record year for female directors in Hitchin was 1970 when 100.0% of all directors were female.

    The percentage of female directors in Hitchin in 2013 was 25.9%. The average for the UK during this time was 26.0%

    Director Gender by Year
  2. Half Year Data (Jul-Dec 2013)

    The record second half year for female directors in Hitchin was 2007 when 32.5% of all directors were female.

    26.6% of all director appointments in Hitchin in the second half of 2013 were female. This compares to a UK average of 25.9% for the same period.

    Director Gender by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2013)

    The record fourth quarter for female directors in Hitchin was in 2007 when 32.1% of all directors were female.

    23.1% of all director appointments in Hitchin in the fourth quarter of 2013 were female. This compares to a UK average of 25.6% for the same period.

    Director Gender by Quarter

Naming Trends

  1. Previous 12 months (Dec 2012-Dec 2013)

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

    wordpercentageuk worduk percentage
    CONSULTING2.64%CONSULTING5.22%
    CONSULTANCY1.49%MANAGEMENT4.72%
    MANAGEMENT1.38%CONSULTANCY3.45%
    DESIGN1.26%PROPERTY2.59%
    CO.,1.03%TRADING2.08%
    INTERNATIONAL0.92%ENGINEERING1.87%
    TRADING0.80%LONDON1.86%
    INVESTMENTS0.69%DESIGN1.76%
    CONSTRUCTION0.69%CONSTRUCTION1.73%
    ENTERPRISES0.69%CARE1.73%
    ON0.57%BUSINESS1.71%
    NEW0.57%CONSULTANTS1.68%
    MEDIA0.57%GLOBAL1.58%
    IT0.57%INVESTMENTS1.56%
    LITTLE0.57%PROPERTIES1.54%
    J0.46%ASSOCIATES1.53%
    FILMS0.46%J1.51%
    (HERTS)0.46%MEDIA1.50%
    GLOBAL0.46%IT1.35%
    S0.46%DEVELOPMENTS1.23%
    BACK0.46%M1.23%
    TRACK0.46%BUILDING1.21%
    P0.46%ELECTRICAL1.20%
    HEALTH0.46%CAPITAL1.19%
    ASSOCIATES0.46%ENERGY1.14%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied364266,814
    74990 - Non-trading company9414,223
    70229 - Management consultancy activities other than financial management7836,164
    99999 - Dormant Company5246,762
    82990 - Other business support service activities not elsewhere classified4855,342
    74909 - Other professional, scientific and technical activities not elsewhere classified4718,034
    96090 - Other service activities not elsewhere classified3326,001
    62020 - Information technology consultancy activities3127,183
    62090 - Other information technology service activities2012,511
    41100 - Development of building projects159,485
    98000 - Residents property management104,710
    93199 - Other sports activities103,723
    43210 - Electrical installation95,730
    85600 - Educational support services93,584
    86900 - Other human health activities99,543
    43999 - Other specialised construction activities not elsewhere classified87,823
    32990 - Other manufacturing not elsewhere classified83,340
    41202 - Construction of domestic buildings86,191
    90030 - Artistic creation84,138
    47990 - Other retail sale not in stores, stalls or markets75,800

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    08758812 MANAGE BUSINESS RESULTS LIMITED 01 Nov 2013
    08760331 BACK ON TRACK SOLUTIONS LIMITED 04 Nov 2013
    08760872 BACK ON TRACK LOANS LIMITED 04 Nov 2013
    08761932 TRIMSTYLE LIMITED 05 Nov 2013
    08763641 LITTLE TREE STUDIO LIMITED 06 Nov 2013
    08765495 PICKARD CONSULTANCY LIMITED 07 Nov 2013
    08767595 GO MBD LIMITED 08 Nov 2013
    08768757 CRYSTAL BATHROOMS & KITCHENS LIMITED 11 Nov 2013
    08768779 RAINBOW MOUNTAIN LTD. 11 Nov 2013
    08772130 CHRISTIAN JAMES TRADING LTD 12 Nov 2013
    08779591 NILAN RODRIGO LIMITED 18 Nov 2013
    08784138 D P MCGHEE WRITER LIMITED 20 Nov 2013
    08788970 HAUSE LTD 25 Nov 2013
    08789154 THE DEPARTMENT 360 LIMITED 25 Nov 2013
    08789333 GRAVELEY 1961 LIMITED 25 Nov 2013
    OC389573 PREMIUM INVESTMENTS LLP 28 Nov 2013
    08757591 NEWTEQ SUPPORT LIMITED 01 Nov 2013
    08758672 ALA SOLUTIONS LIMITED 01 Nov 2013
    08768109 SYN-RG CONSULTING LIMITED 08 Nov 2013
    08771850 BIG YEAR LIMITED 12 Nov 2013
    08778421 BADMINTON BOSS LIMITED 18 Nov 2013
    08790559 THE ACTIVE DRENCH COMPANY LTD 26 Nov 2013
    08791560 FINDYOURACCOUNTANT LIMITED 27 Nov 2013
    08795286 VAUGHAN RD 1964 LIMITED 28 Nov 2013
    08795527 ROAD AND TRAIL TEAM LIMITED 28 Nov 2013