Hitchin, Hertfordshire

Q1 2015 Business Confidence Report

Headlines

  • February 2015 saw a new record in company closures in Hitchin when compared to any previous February.
  • January 2015 saw a new record in net growth in Hitchin when compared to any previous January.

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. Quarterly Data (Q1 Jan-Mar 2015)

    A total of 174 companies were registered in Hitchin during the first quarter of 2015 (Jan 2015 - Mar 2015).

    This figure is an increase of 19.2% versus the same period last year (Q1 2014). This figure compares well to the UK as a whole, which saw an increase of 6.9% against the same period last year.

    first quarter (Jan 2015 - Mar 2015)HitchinUK
    2015174161,156
    2014146150,722
    % change19.2%6.9%
    Record Year 2012 (193) 2007 (166,814)
    New Companies by Quarter
  2. Monthly Data (Jan, Feb & Mar 2015)

    New Companies by Month
    JanuaryFebruaryMarch
    New companies in 2015593877
    New companies in 2014514253
    % change15.7%-9.5%45.3%
    Record Year2012 (62)2012 (72)2007 (87)

Closed Companies (dissolved)

  1. Quarterly Data (Q1 Jan-Mar 2015)

    A total of 88 companies were dissolved in Hitchin during the first quarter of 2015 (Jan 2015 - Mar 2015).

    This figure is a decrease of 10.2% versus the same period last year (Q1 2014). This figure compares well to the UK as a whole, which saw an increase of 8.7% against the same period last year.

    first quarter (Jan 2015 - Mar 2015)HitchinUK
    20158889,523
    20149882,370
    % change-10.2%8.7%
    Record Year 2009 (109) 2009 (108,066)
    Dissolved Companies by Quarter
  2. Monthly Data (Jan, Feb & Mar 2015)

    February 2015 saw a new record in company closures in Hitchin when compared to any previous February.

    Dissolved Companies by Month
    JanuaryFebruaryMarch
    Closed companies in 2015214423
    Closed companies in 2014283040
    % change-25.0%46.7%-43%
    Record Year2011 (36)2015 (44)2009 (79)

Net Company Growth

  1. Quarterly Data (Q1 Jan-Mar 2015)

    Net company growth for Hitchin during the first quarter of 2015 (Jan 2015 - Mar 2015) was 86 companies.

    first quarter (Jan 2015 - Mar 2015)HitchinUK
    20158671,633
    20144868,352
    Record Year 2012 (125) 2007 (111,282)
    Net Growth by Quarter
  2. Monthly Data (Jan, Feb & Mar 2015)

    January 2015 saw a new record in net growth in Hitchin when compared to any previous January.

    Net Growth by Month
    JanuaryFebruaryMarch
    Net growth in 201538-654
    Net growth in 2014231213
    Record Year2015 (38)2012 (59)2007 (61)

UK Company Share

  1. Quarterly Data (Q1 Jan-Mar 2015)

    In the first quarter of 2015, Hitchin formed 0.1% of all UK companies.

    first quarter (Jan 2015 - Mar 2015)Hitchin
    20150.1%
    20140.1%
    20130.1%
    20120.1%
    20110.1%
    Record Year (since 1960) 1970 (0.2%)
    Company Share by Quarter
  2. Monthly Data (Jan, Feb & Mar 2015)

    Company Share by Month
    JanuaryFebruaryMarch
    UK formation share in 20150.1%0.1%0.1%
    UK formation share in 20140.1%0.1%0.1%
    % change13.4%-16.6%32.4%
    Record Year1986 (0.2%)1997 (0.2%)1970 (0.5%)

Director Age

  1. Quarterly Data (Q1 Jan-Mar 2015)

    The average age of a director in the first quarter of 2015 was 44.3.

    The percentage of directors under the age of 25 was 4.3% compared to the UK figure of 4.1%.

    The percentage of directors over the age of 65 was 2.0% compared to the UK figure of 3.6%.

    Director Age by Quarter

Director Gender

  1. Quarterly Data (Q1 Jan-Mar 2015)

    The record first quarter for female directors in Hitchin was in 2007 when 36.0% of all directors were female.

    31.3% of all director appointments in Hitchin in the first quarter of 2015 were female. This compares to a UK average of 26.4% for the same period.

    Director Gender by Quarter

Naming Trends

  1. Previous 12 months (Mar 2014-Mar 2015)

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

    wordpercentageuk worduk percentage
    CONSULTING2.44%CONSULTING5.23%
    PROPERTY1.41%MANAGEMENT4.56%
    MANAGEMENT1.41%CONSULTANCY3.62%
    CONSULTANCY1.12%PROPERTY2.72%
    ASSOCIATES0.75%CONSTRUCTION2.19%
    HITCHIN0.66%CARE2.13%
    RECYCLING0.66%ENGINEERING2.12%
    INVESTMENTS0.66%LONDON1.91%
    FINANCIAL0.66%TRADING1.88%
    CONSULTANTS0.66%TRANSPORT1.82%
    TRADING0.56%ELECTRICAL1.76%
    CREATIVE0.56%DESIGN1.65%
    HERTS0.56%PROPERTIES1.63%
    ELECTRICAL0.56%CO.,1.58%
    SKIP0.56%J1.55%
    CAPITAL0.56%CONSULTANTS1.54%
    HIRE0.56%BUSINESS1.49%
    BUILDING0.56%INVESTMENTS1.49%
    MEDIA0.47%GLOBAL1.46%
    IT0.47%ASSOCIATES1.44%
    PROPERTIES0.47%DEVELOPMENTS1.36%
    RETAIL0.47%BUILDING1.31%
    GLOBAL0.47%IT1.30%
    TRADE0.47%MEDIA1.28%
    EATON0.47%M1.27%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied315288,953
    70229 - Management consultancy activities other than financial management8343,081
    99999 - Dormant Company7149,474
    62020 - Information technology consultancy activities4230,825
    74990 - Non-trading company4013,794
    82990 - Other business support service activities not elsewhere classified3658,522
    74909 - Other professional, scientific and technical activities not elsewhere classified3619,098
    96090 - Other service activities not elsewhere classified2529,218
    41100 - Development of building projects1911,863
    62090 - Other information technology service activities1812,862
    86900 - Other human health activities1613,990
    47910 - Retail sale via mail order houses or via Internet1510,200
    62012 - Business and domestic software development129,651
    96020 - Hairdressing and other beauty treatment106,815
    93199 - Other sports activities94,220
    90030 - Artistic creation94,677
    47990 - Other retail sale not in stores, stalls or markets96,557
    85590 - Other education not elsewhere classified86,238
    49410 - Freight transport by road812,485
    43210 - Electrical installation86,139

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    09465019 MUNROSONIC LIMITED 02 Mar 2015
    09470549 HOME DEFECT INSPECTORS LIMITED 04 Mar 2015
    09476260 CARL MOSS LIMITED 06 Mar 2015
    09481482 RUE CHAMPAGNE LIMITED 10 Mar 2015
    09485127 C-12 DANCE THEATRE LTD 12 Mar 2015
    09485381 JON SAUNDERS LIMITED 12 Mar 2015
    OC398840 GOLD TRADE INVESTMENT LLP 14 Mar 2015
    OC398850 DS FINANCIAL SERVICES LLP 14 Mar 2015
    09489018 LUXE LOFTS LTD 13 Mar 2015
    09492271 CRANN MOR DEVELOPMENTS LIMITED 16 Mar 2015
    09493627 PRO 1 GLOBAL RECRUITMENT LIMITED 17 Mar 2015
    09502314 SAMSON RIGGING SERVICES LIMITED 20 Mar 2015
    09507632 DJ BUILD SOLUTIONS LIMITED 25 Mar 2015
    09507737 NATIONAL WELLBEING SERVICE LIMITED 25 Mar 2015
    09509181 NRH SERVICES LIMITED 25 Mar 2015
    09514237 BETTER HEALTH APPS LTD 27 Mar 2015
    09515981 SAS PROPERTY DEVELOPMENTS LIMITED 28 Mar 2015
    09519355 DRH SPORTS LIMITED 31 Mar 2015
    09519632 STRATA RECRUITMENT LTD 31 Mar 2015
    09463995 GKK MEDIA LIMITED 02 Mar 2015
    09466610 SPACECADET DESIGN LIMITED 03 Mar 2015
    09472903 SOFTCONSULT LTD 05 Mar 2015
    09490456 SITILUSO LIMITED 14 Mar 2015
    09508963 PREMIER DEVELOPMENTS CONTRACTS LTD 25 Mar 2015
    09516292 BERENBRINCK LIMITED 28 Mar 2015