Hitchin, Hertfordshire

2014 Half Year Business Confidence Report

Headlines

  • June 2014 saw a new record in company registrations in Hitchin when compared to any previous June.
  • June 2014 saw a new record in net growth in Hitchin when compared to any previous June.

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 2014)

    In the first half of 2014 a total of 301 companies were formed in Hitchin. This figure is 14.0% higher than last year, which compares well to the UK wide figure of 11.6%.

    The highest total for a first half year in Hitchin occurred in 2012 when a total of 358 were formed.

    Half Year (Jan-Jun)HitchinUK
    2014301300,731
    2013264269,432
    % change14.0%11.6%
    Record Year2012 (358)2014 (300,731)
    New Companies by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    A total of 155 companies were registered in Hitchin during the second quarter of 2014 (Apr 2014 - Jun 2014).

    This figure is an increase of 11.5% versus the same period last year (Q2 2013). This figure compares equally to the UK as a whole, which saw an increase of 11.4% against the same period last year.

    second quarter (Apr 2014 - Jun 2014)HitchinUK
    2014155150,009
    2013139134,630
    % change11.5%11.4%
    Record Year 2012 (165) 2014 (150,009)
    New Companies by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    June 2014 saw a new record in company registrations in Hitchin when compared to any previous June.

    New Companies by Month
    AprilMayJune
    New companies in 2014474464
    New companies in 2013564340
    % change-16.1%2.3%60.0%
    Record Year2013 (56)2012 (53)2014 (64)

Closed Companies (dissolved)

  1. Half Year Data (Jan-Jun 2014)

    In the first half of 2014 a total of 199 companies were dissolved in Hitchin. This figure is 38.2% higher than last year, which compares badly to the UK wide change of 14.2%.

    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
    2014199177,207
    2013144155,192
    % change38.2%14.2%
    Record Year2009 (271)2009 (289,245)
    Dissolved Companies by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    A total of 101 companies were dissolved in Hitchin during the second quarter of 2014 (Apr 2014 - Jun 2014).

    This figure is an increase of 48.5% versus the same period last year (Q2 2013). This figure compares poorly to the UK as a whole, which saw an increase of 22.7% against the same period last year.

    second quarter (Apr 2014 - Jun 2014)HitchinUK
    201410194,837
    20136877,278
    % change48.5%22.7%
    Record Year 2009 (162) 2009 (181,179)
    Dissolved Companies by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    Dissolved Companies by Month
    AprilMayJune
    Closed companies in 2014186023
    Closed companies in 2013222323
    % change-18.2%160.9%0%
    Record Year2009 (48)2009 (70)2009 (44)

Net Company Growth

  1. Half Year Data (Jan-Jun 2014)

    In the first half of 2014 the company register for Hitchin increased by 102 companies.

    Half Year (Jan-Jun)HitchinUK
    2014102123,524
    2013120114,240
    Record Year2012 (193)2007 (171,296)
    Net Growth by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    Net company growth for Hitchin during the second quarter of 2014 (Apr 2014 - Jun 2014) was 54 companies.

    second quarter (Apr 2014 - Jun 2014)HitchinUK
    20145455,172
    20137157,352
    Record Year 2011 (72) 2007 (60,014)
    Net Growth by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    June 2014 saw a new record in net growth in Hitchin when compared to any previous June.

    Net Growth by Month
    AprilMayJune
    Net growth in 201429-1641
    Net growth in 2013342017
    Record Year2013 (34)2007 (26)2014 (41)

UK Company Share

  1. Half Year Data (Jan-Jun 2014)

    In the first half of 2014 Hitchin formed 0.1% of all UK companies. This is the same as the 2013 figure of 0.1%.

    Half Year (Jan-Jun)Hitchin
    20140.1%
    20130.1%
    20120.1%
    20110.1%
    20100.1%
    Record Year (since 1960) 1997 (0.2%)
    Company Share by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    In the second quarter of 2014, Hitchin formed 0.1% of all UK companies.

    second quarter (Apr 2014 - Jun 2014)Hitchin
    20140.1%
    20130.1%
    20120.1%
    20110.1%
    20100.1%
    Record Year (since 1960) 1991 (0.1%)
    Company Share by Quarter
  3. Monthly Data (Apr, May & Jun 2014)

    Company Share by Month
    AprilMayJune
    UK formation share in 20140.1%0.1%0.1%
    UK formation share in 20130.1%0.1%0.1%
    % change-24.3%-5.6%38.6%
    Record Year1995 (0.2%)1994 (0.2%)1997 (0.2%)

Director Age

  1. Half Year Data (Jan-Jun 2014)

    The average age of a director in the first half of 2014 was 45.1.

    The percentage of directors under the age of 25 was 4.2% compared to the UK figure of 4.3%.

    The percentage of directors over the age of 65 was 2.5% compared to the UK figure of 3.5%.

    Director Age by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    The average age of a director in the second quarter of 2014 was 45.1.

    The percentage of directors under the age of 25 was 4.8% compared to the UK figure of 3.9%.

    The percentage of directors over the age of 65 was 2.4% compared to the UK figure of 3.6%.

    Director Age by Quarter

Director Gender

  1. Half Year Data (Jan-Jun 2014)

    The record first half year for female directors in Hitchin was 2008 when 33.5% of all directors were female.

    28.7% of all director appointments in Hitchin in the first half of 2014 were female. This compares to a UK average of 26.1% for the same period.

    Director Gender by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2014)

    The record second quarter for female directors in Hitchin was in 2009 when 35.6% of all directors were female.

    29.6% of all director appointments in Hitchin in the second quarter of 2014 were female. This compares to a UK average of 25.9% for the same period.

    Director Gender by Quarter

Naming Trends

  1. Previous 12 months (Jun 2013-Jun 2014)

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

    wordpercentageuk worduk percentage
    CONSULTING2.03%CONSULTING5.16%
    CONSULTANCY1.61%MANAGEMENT4.64%
    MANAGEMENT1.18%CONSULTANCY3.50%
    ENTERPRISES0.96%PROPERTY2.66%
    TRADING0.86%TRADING2.03%
    RECYCLING0.75%ENGINEERING1.99%
    HIRE0.75%CONSTRUCTION1.93%
    PROPERTY0.75%LONDON1.93%
    BUILDING0.75%CARE1.85%
    INVESTMENTS0.64%DESIGN1.75%
    PROPERTIES0.64%CONSULTANTS1.73%
    B0.64%BUSINESS1.69%
    SKIP0.64%PROPERTIES1.63%
    CAPITAL0.64%TRANSPORT1.58%
    INTERNATIONAL0.54%GLOBAL1.55%
    DEVELOPMENT0.54%INVESTMENTS1.55%
    IT0.54%J1.51%
    DESIGN0.54%ASSOCIATES1.48%
    DIRECT0.54%MEDIA1.44%
    BUSINESS0.54%ELECTRICAL1.40%
    TRACK0.43%IT1.33%
    COMMUNICATIONS0.43%DEVELOPMENTS1.33%
    JAMES0.43%BUILDING1.26%
    INVESTMENT0.43%M1.24%
    ASSOCIATES0.43%CO.,1.20%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied360261,557
    70229 - Management consultancy activities other than financial management9440,250
    74990 - Non-trading company8614,351
    99999 - Dormant Company5848,436
    82990 - Other business support service activities not elsewhere classified4557,421
    74909 - Other professional, scientific and technical activities not elsewhere classified3719,058
    62020 - Information technology consultancy activities3529,029
    96090 - Other service activities not elsewhere classified3328,352
    41100 - Development of building projects1610,527
    62090 - Other information technology service activities1613,024
    47910 - Retail sale via mail order houses or via Internet149,900
    86900 - Other human health activities1411,292
    85590 - Other education not elsewhere classified116,043
    96020 - Hairdressing and other beauty treatment106,631
    90030 - Artistic creation104,548
    47990 - Other retail sale not in stores, stalls or markets106,286
    98000 - Residents property management95,046
    85600 - Educational support services93,869
    62012 - Business and domestic software development99,834
    43210 - Electrical installation96,050

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    OC393005 ZOCO SHOP LLP 08 May 2014
    09030635 TELMAH LIMITED 08 May 2014
    09038210 CONTRACT PLANT SERVICES LIMITED 13 May 2014
    09041888 BDW PROPERTY SERVICES LIMITED 15 May 2014
    09043761 STRATA LOGISTICS LTD 16 May 2014
    09045667 CODICOTE ELECTRICAL ASSOCIATES LIMITED 19 May 2014
    09046976 RAINE AND CO. (CODICOTE) LTD 19 May 2014
    09048231 OWN BOSS LTD 20 May 2014
    09049273 MCKENZIE MILLS CONSTRUCTION LIMITED 21 May 2014
    OC393274 PANGEA INVESTMENTS LLP 21 May 2014
    09051309 TRUCKS, TRAILERS AND MACHINERY LIMITED 22 May 2014
    09054702 DESIGN42 LTD 23 May 2014
    OC393358 URSUS PROPERTIES LLP 27 May 2014
    09058323 JS KUICK SERVICE LIMITED 27 May 2014
    09058973 WONDERWWWEB LIMITED 28 May 2014
    09062827 METCALF DIRECT LIMITED 30 May 2014
    09063833 BUMBLEBERRY LTD 30 May 2014
    09020895 RENNELL AND CO TRADING AS THE PUDDIN CLUB LTD 01 May 2014
    09023956 ELSE COMMUNICATIONS LIMITED 06 May 2014
    09027880 PROMOTIONAL PEOPLE LIMITED 07 May 2014
    09037918 SCORPION PERFORMANCE LIMITED 13 May 2014
    09041214 KUICK SERVICE LIMITED 15 May 2014
    09051294 PR HEADS LTD 22 May 2014
    09056873 NGUYEN-LE LIMITED 27 May 2014
    09057217 ADEEN IT SOLUTIONS LIMITED 27 May 2014