Hitchin, Hertfordshire
2014 Annual Business Confidence Report
Headlines
- The second half of 2014 saw a new record in company closures in Hitchin when compared to any previous second half year.
- December 2014 saw a new record in company closures in Hitchin when compared to any previous December.
- October 2014 saw a new record in company closures in Hitchin when compared to any previous October.
Contents
New Company Registrations
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Annual Data (2014)
A total of 607 companies were formed in Hitchin in 2014. This total is 18.3% higher than in 2013 and compares favourably to the UK figure of a 10.0% growth compared to 529,363 the previous year.
Year Hitchin UK 2014 607 582,051 2013 513 529,363 2012 673 491,893 2011 583 452,870 2010 469 400,358 Record Year 2012 (673) 2014 (582,051) New Companies by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 a total of 306 companies were formed in Hitchin. This figure is 22.9% higher than last year, which compares well to the UK wide figure of 8.2%.
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 2014 306 281,320 2013 249 259,931 % change 22.9% 8.2% Record Year 2012 (315) 2014 (281,320) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
A total of 135 companies were registered in Hitchin during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is an increase of 1.5% versus the same period last year (Q4 2013). This figure compares badly to the UK as a whole, which saw an increase of 8.4% against the same period last year.
fourth quarter (Oct 2014 - Dec 2014) Hitchin UK 2014 135 137,906 2013 133 127,247 % change 1.5% 8.4% Record Year 2011 (176) 2014 (137,906) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
New Companies by Month
October November December New companies in 2014 55 42 38 New companies in 2013 41 43 49 % change 34.1% -2.3% -22.4% Record Year 2012 (71) 2011 (55) 2011 (72)
Closed Companies (dissolved)
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Annual Data (2014)
A total of 430 companies were dissolved in Hitchin in 2014. This total is 34.4% higher than in 2013 and compares favourably to the UK figure of 10.8% growth compared to the previous year.
Year Hitchin UK 2014 430 367,937 2013 320 332,213 2012 308 293,729 2011 321 314,524 2010 325 342,233 Record Year 2009 (483) 2009 (533,789) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2014)
The second half of 2014 saw a new record in company closures in Hitchin when compared to any previous second half year.
In the second half of 2014 a total of 231 companies were dissolved in Hitchin. This figure is 31.3% higher than last year, which compares badly to the UK wide change of 7.7%.
The highest total for a second half year in Hitchin occurred in 2014 when a total of 231 were closed.
Half Year (Jul-Dec) Hitchin UK 2014 231 190,730 2013 176 177,021 % change 31.3% 7.7% Record Year 2014 (231) 2009 (244,544) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
A total of 118 companies were dissolved in Hitchin during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is an increase of 14.6% versus the same period last year (Q4 2013). This figure compares poorly to the UK as a whole, which saw a decrease of 2.0% against the same period last year.
fourth quarter (Oct 2014 - Dec 2014) Hitchin UK 2014 118 89,060 2013 103 90,851 % change 14.6% -2.0% Record Year 2014 (118) 2013 (90,851) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
December 2014 saw a new record in company closures in Hitchin when compared to any previous December.
October 2014 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 2014 46 30 42 Closed companies in 2013 43 30 30 % change 7.0% 0.0% 40% Record Year 2014 (46) 2011 (34) 2014 (42)
Net Company Growth
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Annual Data (2014)
A total of 177 companies were added to the company register for Hitchin in 2014. This number represents growth of 29.2% in the total number of active companies, which compares unfavourably to the UK figure of 36.8%.
This number is 16 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.
Year Hitchin UK 2014 177 214,114 2013 193 197,150 2012 365 198,164 2011 262 138,346 2010 144 58,125 Record Year 2012 (365) 2007 (237,353) Net Growth by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 the company register for Hitchin increased by 75 companies.
Half Year (Jul-Dec) Hitchin UK 2014 75 90,590 2013 73 82,910 Record Year 2012 (172) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
Net company growth for Hitchin during the fourth quarter of 2014 (Oct 2014 - Dec 2014) was 17 companies.
fourth quarter (Oct 2014 - Dec 2014) Hitchin UK 2014 17 48,846 2013 30 36,396 Record Year 2011 (99) 2012 (49,848) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Net Growth by Month
October November December Net growth in 2014 9 12 -4 Net growth in 2013 -2 13 19 Record Year 2002 (36) 2011 (21) 2011 (50)
UK Company Share
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Annual Data (2014)
In 2014 Hitchin formed 0.1% of all UK companies. This is no change on 2013 when Hitchin was responsible for 0.1% of all UK companies.
Year Hitchin 2014 0.1% 2013 0.1% 2012 0.1% 2011 0.1% 2010 0.1% Record Year (since 1960) 1997 (0.1%) Company Share by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 Hitchin formed 0.1% of all UK companies. This is the same as the 2013 figure of 0.1%.
Half Year (Jul-Dec) Hitchin 2014 0.1% 2013 0.1% 2012 0.1% 2011 0.1% 2010 0.1% Record Year (since 1960) 1993 (0.1%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
In the fourth quarter of 2014, Hitchin formed 0.1% of all UK companies.
fourth quarter (Oct 2014 - Dec 2014) Hitchin 2014 0.1% 2013 0.1% 2012 0.1% 2011 0.2% 2010 0.1% Record Year (since 1960) 2011 (0.2%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Company Share by Month
October November December UK formation share in 2014 0.1% 0.1% 0.1% UK formation share in 2013 0.1% 0.1% 0.1% % change 27.7% -7.2% -33.6% Record Year 1994 (0.2%) 1996 (0.2%) 2011 (0.2%)
Director Age
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Annual Data (2014)
The average age of a director in 2014 was 45.4.
The percentage of directors under the age of 25 was 5.5% compared to the UK figure of 4.0%.
The percentage of directors over the age of 65 was 2.7% compared to the UK figure of 4.0%.
Director Age by Year
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Half Year Data (Jul-Dec 2014)
The average age of a director in the second half of 2014 was 45.7.
The percentage of directors under the age of 25 was 6.8% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 2.9% compared to the UK figure of 4.5%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
The average age of a director in the fourth quarter of 2014 was 45.8.
The percentage of directors under the age of 25 was 7.9% compared to the UK figure of 3.8%.
The percentage of directors over the age of 65 was 4.0% compared to the UK figure of 4.5%.
Director Age by Quarter
Director Gender
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Annual Data (2014)
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 2014 was 27.9%. The average for the UK during this time was 26.1%
Director Gender by Year
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Half Year Data (Jul-Dec 2014)
The record second half year for female directors in Hitchin was 2007 when 32.5% of all directors were female.
27.0% of all director appointments in Hitchin in the second half of 2014 were female. This compares to a UK average of 26.1% for the same period.
Director Gender by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
The record fourth quarter for female directors in Hitchin was in 2007 when 32.1% of all directors were female.
25.2% of all director appointments in Hitchin in the fourth quarter of 2014 were female. This compares to a UK average of 25.8% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Dec 2013-Dec 2014)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage CONSULTING 2.28% CONSULTING 5.22% MANAGEMENT 1.52% MANAGEMENT 4.58% PROPERTY 1.24% CONSULTANCY 3.57% CONSULTANCY 0.95% PROPERTY 2.66% INVESTMENTS 0.76% CONSTRUCTION 2.12% BUILDING 0.76% ENGINEERING 2.10% TRADING 0.76% CARE 2.02% ASSOCIATES 0.76% TRADING 1.94% RECYCLING 0.67% LONDON 1.93% HIRE 0.67% TRANSPORT 1.93% CONSULTANTS 0.57% DESIGN 1.66% FINANCIAL 0.57% CONSULTANTS 1.64% SKIP 0.57% ELECTRICAL 1.62% CARE 0.48% PROPERTIES 1.62% CREATIVE 0.48% BUSINESS 1.56% HITCHIN 0.48% J 1.54% EATON 0.48% CO., 1.50% CAPITAL 0.48% GLOBAL 1.49% D 0.48% INVESTMENTS 1.48% DIRECT 0.48% ASSOCIATES 1.47% PROPERTIES 0.48% DEVELOPMENTS 1.35% PROJECT 0.38% MEDIA 1.33% MEWS 0.38% IT 1.31% MEDIA 0.38% BUILDING 1.29% ELECTRICAL 0.38% M 1.22%
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 356 265,608 70229 - Management consultancy activities other than financial management 92 42,290 99999 - Dormant Company 69 48,509 74990 - Non-trading company 61 13,984 82990 - Other business support service activities not elsewhere classified 40 58,068 62020 - Information technology consultancy activities 38 30,178 74909 - Other professional, scientific and technical activities not elsewhere classified 37 19,049 96090 - Other service activities not elsewhere classified 29 29,009 62090 - Other information technology service activities 18 12,837 86900 - Other human health activities 17 12,976 47910 - Retail sale via mail order houses or via Internet 15 10,107 41100 - Development of building projects 15 11,397 47990 - Other retail sale not in stores, stalls or markets 10 6,452 62012 - Business and domestic software development 10 9,752 43210 - Electrical installation 10 5,985 90030 - Artistic creation 10 4,610 96020 - Hairdressing and other beauty treatment 9 6,742 93199 - Other sports activities 9 4,176 68209 - Other letting and operating of own or leased real estate 9 11,212 85590 - Other education not elsewhere classified 8 6,206
Recent Companies
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Randomly selected companies from this quarter
COMPANY NUMBER COMPANY NAME INCORPORATION DATE 09243786 BRYANT MANSFIELD LIMITED 01 Oct 2014 09246797 ALATUS LTD 02 Oct 2014 09248289 76 EATON SQUARE LTD 03 Oct 2014 09252407 LANCASTER SPV LIMITED 07 Oct 2014 09257951 ARDOR ARTS LTD. 10 Oct 2014 09258460 BEST EVER CHRISTMAS PRODUCTIONS LIMITED 10 Oct 2014 09260435 BEST EVER PRODUCTIONS LIMITED 13 Oct 2014 09265331 D HEUER SERVICES LIMITED 15 Oct 2014 09266352 HONEST LUBIMBI LTD 15 Oct 2014 09273846 58 EATON MEWS NORTH LTD 21 Oct 2014 09275155 THE OLD GEORGE ICKLEFORD LIMITED 22 Oct 2014 OC396064 KADUCEO LLP 23 Oct 2014 09281312 ASTHENIUS CAPITAL LIMITED 27 Oct 2014 09289023 TENBERRI LIMITED 30 Oct 2014 09243287 DC CONSTRUCTION (SERVICES) LIMITED 01 Oct 2014 09247758 PLANET FURNITURE LIMITED 03 Oct 2014 09251419 JHCL FREEHOLD LIMITED 07 Oct 2014 09251598 ACRE TRADING LTD 07 Oct 2014 09255909 H & P CLEANERS LTD 09 Oct 2014 09265683 KICKTRIX LIMITED 15 Oct 2014 09267028 INTEGRITAS CONSULT LTD 16 Oct 2014 09274692 SRI LANKAN CRICKET EXCHANGE LIMITED 22 Oct 2014 09276467 BASEFROM LIMITED 23 Oct 2014 09282517 CULLEN RETAIL LIMITED 27 Oct 2014 09284878 JD REFURBISHMENTS LIMITED 28 Oct 2014
reports
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