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
New Company Registrations
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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) Hitchin UK 2015 174 161,156 2014 146 150,722 % change 19.2% 6.9% Record Year 2012 (193) 2007 (166,814) New Companies by Quarter
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Monthly Data (Jan, Feb & Mar 2015)
New Companies by Month
January February March New companies in 2015 59 38 77 New companies in 2014 51 42 53 % change 15.7% -9.5% 45.3% Record Year 2012 (62) 2012 (72) 2007 (87)
Closed Companies (dissolved)
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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) Hitchin UK 2015 88 89,523 2014 98 82,370 % change -10.2% 8.7% Record Year 2009 (109) 2009 (108,066) Dissolved Companies by Quarter
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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
January February March Closed companies in 2015 21 44 23 Closed companies in 2014 28 30 40 % change -25.0% 46.7% -43% Record Year 2011 (36) 2015 (44) 2009 (79)
Net Company Growth
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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) Hitchin UK 2015 86 71,633 2014 48 68,352 Record Year 2012 (125) 2007 (111,282) Net Growth by Quarter
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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
January February March Net growth in 2015 38 -6 54 Net growth in 2014 23 12 13 Record Year 2015 (38) 2012 (59) 2007 (61)
UK Company Share
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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 2015 0.1% 2014 0.1% 2013 0.1% 2012 0.1% 2011 0.1% Record Year (since 1960) 1970 (0.2%) Company Share by Quarter
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Monthly Data (Jan, Feb & Mar 2015)
Company Share by Month
January February March UK formation share in 2015 0.1% 0.1% 0.1% UK formation share in 2014 0.1% 0.1% 0.1% % change 13.4% -16.6% 32.4% Record Year 1986 (0.2%) 1997 (0.2%) 1970 (0.5%)
Director Age
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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
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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
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Previous 12 months (Mar 2014-Mar 2015)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage CONSULTING 2.44% CONSULTING 5.23% PROPERTY 1.41% MANAGEMENT 4.56% MANAGEMENT 1.41% CONSULTANCY 3.62% CONSULTANCY 1.12% PROPERTY 2.72% ASSOCIATES 0.75% CONSTRUCTION 2.19% HITCHIN 0.66% CARE 2.13% RECYCLING 0.66% ENGINEERING 2.12% INVESTMENTS 0.66% LONDON 1.91% FINANCIAL 0.66% TRADING 1.88% CONSULTANTS 0.66% TRANSPORT 1.82% TRADING 0.56% ELECTRICAL 1.76% CREATIVE 0.56% DESIGN 1.65% HERTS 0.56% PROPERTIES 1.63% ELECTRICAL 0.56% CO., 1.58% SKIP 0.56% J 1.55% CAPITAL 0.56% CONSULTANTS 1.54% HIRE 0.56% BUSINESS 1.49% BUILDING 0.56% INVESTMENTS 1.49% MEDIA 0.47% GLOBAL 1.46% IT 0.47% ASSOCIATES 1.44% PROPERTIES 0.47% DEVELOPMENTS 1.36% RETAIL 0.47% BUILDING 1.31% GLOBAL 0.47% IT 1.30% TRADE 0.47% MEDIA 1.28% EATON 0.47% M 1.27%
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 315 288,953 70229 - Management consultancy activities other than financial management 83 43,081 99999 - Dormant Company 71 49,474 62020 - Information technology consultancy activities 42 30,825 74990 - Non-trading company 40 13,794 82990 - Other business support service activities not elsewhere classified 36 58,522 74909 - Other professional, scientific and technical activities not elsewhere classified 36 19,098 96090 - Other service activities not elsewhere classified 25 29,218 41100 - Development of building projects 19 11,863 62090 - Other information technology service activities 18 12,862 86900 - Other human health activities 16 13,990 47910 - Retail sale via mail order houses or via Internet 15 10,200 62012 - Business and domestic software development 12 9,651 96020 - Hairdressing and other beauty treatment 10 6,815 93199 - Other sports activities 9 4,220 90030 - Artistic creation 9 4,677 47990 - Other retail sale not in stores, stalls or markets 9 6,557 85590 - Other education not elsewhere classified 8 6,238 49410 - Freight transport by road 8 12,485 43210 - Electrical installation 8 6,139
Recent Companies
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Randomly selected companies from this quarter
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