Letchworth Garden City, Hertfordshire

2010 Annual Business Confidence Report

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 (2010)

    A total of 176 companies were formed in Letchworth Garden City in 2010. This total is 1.7% higher than in 2009 and compares poorly to the UK figure of a 10.4% growth compared to 362,675 the previous year.

    YearLetchworth Garden CityUK
    2010176400,358
    2009173362,675
    2008164349,203
    2007186457,649
    2006149405,440
    Record Year2003 (196)2007 (457,649)
    New Companies by Year
  2. Half Year Data (Jul-Dec 2010)

    In the second half of 2010 a total of 86 companies were formed in Letchworth Garden City. This figure is 2.3% lower than last year, which compares badly to the UK wide figure of 8.8%.

    The highest total for a second half year in Letchworth Garden City occurred in 2003 when a total of 97 were formed.

    Half Year (Jul-Dec)Letchworth Garden CityUK
    201086196,609
    200988180,654
    % change-2.3%8.8%
    Record Year2003 (97)2003 (201,446)
    New Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    A total of 40 companies were registered in Letchworth Garden City during the fourth quarter of 2010 (Oct 2010 - Dec 2010).

    This figure is a decrease of 16.7% versus the same period last year (Q4 2009). This figure compares badly to the UK as a whole, which saw an increase of 10.6% against the same period last year.

    fourth quarter (Oct 2010 - Dec 2010)Letchworth Garden CityUK
    20104095,117
    20094885,983
    % change-16.7%10.6%
    Record Year 2003 (53) 2010 (95,117)
    New Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    New Companies by Month
    OctoberNovemberDecember
    New companies in 2010131512
    New companies in 2009151617
    % change-13.3%-6.3%-29.4%
    Record Year2002 (23)2003 (20)2009 (17)

Closed Companies (dissolved)

  1. Annual Data (2010)

    A total of 109 companies were dissolved in Letchworth Garden City in 2010. This total is 32.7% lower than in 2009 and compares favourably to the UK figure of 35.9% decrease compared to the previous year.

    YearLetchworth Garden CityUK
    2010109342,232
    2009162533,773
    200897237,901
    200791220,295
    200686200,166
    Record Year2009 (162)2009 (533,773)
    Dissolved Companies by Year
  2. Half Year Data (Jul-Dec 2010)

    In the second half of 2010 a total of 50 companies were dissolved in Letchworth Garden City. This figure is 15.3% lower than last year, which compares badly to the UK wide change of -32.7%.

    The highest total for a second half year in Letchworth Garden City occurred in 2005 when a total of 62 were closed.

    Half Year (Jul-Dec)Letchworth Garden CityUK
    201050164,601
    200959244,537
    % change-15.3%-32.7%
    Record Year2005 (62)2009 (244,537)
    Dissolved Companies by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    A total of 20 companies were dissolved in Letchworth Garden City during the fourth quarter of 2010 (Oct 2010 - Dec 2010).

    This figure is a decrease of 23.1% versus the same period last year (Q4 2009). This figure compares well to the UK as a whole, which saw a decrease of 9.7% against the same period last year.

    fourth quarter (Oct 2010 - Dec 2010)Letchworth Garden CityUK
    20102076,896
    20092685,136
    % change-23.1%-9.7%
    Record Year 2005 (31) 2009 (85,136)
    Dissolved Companies by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    Dissolved Companies by Month
    OctoberNovemberDecember
    Closed companies in 2010884
    Closed companies in 200910511
    % change-20.0%60.0%-64%
    Record Year2007 (11)2005 (16)2009 (11)

Net Company Growth

  1. Annual Data (2010)

    A total of 67 companies were added to the company register for Letchworth Garden City in 2010. This number represents growth of 38.7% in the total number of active companies, which compares favourably to the UK figure of 16.0%.

    This number is 56 companies higher than the previous year.

    The highest net company growth figure ever seen in one year came in 2003 when the Letchworth Garden City company register grew by 109 companies.

    YearLetchworth Garden CityUK
    20106758,126
    200911-171,098
    200867111,302
    200795237,354
    200663205,274
    Record Year2003 (109)2003 (242,543)
    Net Growth by Year
  2. Half Year Data (Jul-Dec 2010)

    In the second half of 2010 the company register for Letchworth Garden City increased by 36 companies.

    Half Year (Jul-Dec)Letchworth Garden CityUK
    20103632,008
    200929-63,883
    Record Year2003 (52)2003 (117,772)
    Net Growth by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    Net company growth for Letchworth Garden City during the fourth quarter of 2010 (Oct 2010 - Dec 2010) was 20 companies.

    fourth quarter (Oct 2010 - Dec 2010)Letchworth Garden CityUK
    20102018,221
    200922847
    Record Year 2003 (34) 2003 (57,175)
    Net Growth by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    Net Growth by Month
    OctoberNovemberDecember
    Net growth in 2010578
    Net growth in 20095116
    Record Year2002 (14)2003 (16)2006 (12)

UK Company Share

  1. Annual Data (2010)

    In 2010 Letchworth Garden City formed 0.0% of all UK companies. This is no change on 2009 when Letchworth Garden City was responsible for 0.0% of all UK companies.

    YearLetchworth Garden City
    20100.0%
    20090.0%
    20080.0%
    20070.0%
    20060.0%
    Record Year (since 1960)1966 (0.2%)
    Company Share by Year
  2. Half Year Data (Jul-Dec 2010)

    In the second half of 2010 Letchworth Garden City formed 0.0% of all UK companies. This is the same as the 2009 figure of 0.0%.

    Half Year (Jul-Dec)Letchworth Garden City
    20100.0%
    20090.0%
    20080.1%
    20070.0%
    20060.0%
    Record Year (since 1960) 1966 (0.2%)
    Company Share by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    In the fourth quarter of 2010, Letchworth Garden City formed 0.0% of all UK companies.

    fourth quarter (Oct 2010 - Dec 2010)Letchworth Garden City
    20100.0%
    20090.1%
    20080.0%
    20070.0%
    20060.0%
    Record Year (since 1960) 1981 (0.2%)
    Company Share by Quarter
  4. Monthly Data (Oct, Nov & Dec 2010)

    Company Share by Month
    OctoberNovemberDecember
    UK formation share in 20100.0%0.0%0.0%
    UK formation share in 20090.1%0.1%0.1%
    % change-24.2%-16.1%-32.8%
    Record Year1981 (0.3%)1968 (0.2%)1981 (0.2%)

Director Age

  1. Annual Data (2010)

    The average age of a director in 2010 was 46.9.

    The percentage of directors under the age of 25 was 2.4% compared to the UK figure of 2.5%.

    The percentage of directors over the age of 65 was 5.4% compared to the UK figure of 4.5%.

    Director Age by Year
  2. Half Year Data (Jul-Dec 2010)

    The average age of a director in the second half of 2010 was 46.9.

    The percentage of directors under the age of 25 was 3.3% compared to the UK figure of 2.8%.

    The percentage of directors over the age of 65 was 5.9% compared to the UK figure of 4.4%.

    Director Age by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    The average age of a director in the fourth quarter of 2010 was 47.4.

    The percentage of directors under the age of 25 was 5.3% compared to the UK figure of 3.0%.

    The percentage of directors over the age of 65 was 6.6% compared to the UK figure of 4.4%.

    Director Age by Quarter

Director Gender

  1. Annual Data (2010)

    The record year for female directors in Letchworth Garden City was 1857 when 36.4% of all directors were female.

    The percentage of female directors in Letchworth Garden City in 2010 was 28.3%. The average for the UK during this time was 26.2%

    Director Gender by Year
  2. Half Year Data (Jul-Dec 2010)

    The record second half year for female directors in Letchworth Garden City was 1860 when 42.9% of all directors were female.

    25.7% of all director appointments in Letchworth Garden City in the second half of 2010 were female. This compares to a UK average of 25.0% for the same period.

    Director Gender by Half Year
  3. Quarterly Data (Q4 Oct-Dec 2010)

    The record fourth quarter for female directors in Letchworth Garden City was in 1977 when 31.1% of all directors were female.

    19.8% of all director appointments in Letchworth Garden City in the fourth quarter of 2010 were female. This compares to a UK average of 24.7% for the same period.

    Director Gender by Quarter

Naming Trends

  1. Previous 12 months (Dec 2009-Dec 2010)

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

    wordpercentageuk worduk percentage
    MANAGEMENT2.06%CONSULTING5.06%
    CONSULTANCY2.06%MANAGEMENT5.01%
    HERTS1.18%CONSULTANCY3.14%
    DISTRIBUTION1.18%PROPERTY2.36%
    CENTRE1.18%TRADING2.11%
    CONSULTING1.18%ASSOCIATES1.95%
    M0.88%DESIGN1.92%
    TRAINING0.88%BUSINESS1.82%
    SYSTEMS0.88%CONSTRUCTION1.82%
    ENTERPRISES0.88%CONSULTANTS1.76%
    BUSINESS0.88%MEDIA1.71%
    GROUP0.88%ENGINEERING1.62%
    LETCHWORTH0.88%LONDON1.60%
    PROPERTY0.88%CARE1.45%
    HR0.59%INVESTMENTS1.44%
    CLINIC0.59%GLOBAL1.43%
    MOVING0.59%J1.42%
    WESSEX0.59%IT1.41%
    ELECTRICAL0.59%PROPERTIES1.34%
    SAFETY0.59%INTERNATIONAL1.34%
    COURT0.59%BUILDING1.34%
    LAND0.59%M1.30%
    HEATING0.59%ELECTRICAL1.25%
    STUDIOS0.59%SYSTEMS1.24%
    RESTAURANT0.59%S1.23%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied57199,572
    7487 - Other business activities1963,348
    98000 - Residents property management133,235
    7414 - Business & management consultancy1213,474
    82990 - Other business support service activities not elsewhere classified1127,550
    70229 - Management consultancy activities other than financial management914,505
    7260 - Other computer related activities98,089
    62020 - Information technology consultancy activities79,177
    9999 - Dormant Company720,144
    99999 - Dormant Company616,285
    62090 - Other information technology service activities56,330
    6523 - Other financial intermediation52,178
    7499 - Non-trading company512,000
    74990 - Non-trading company58,243
    41100 - Development of building projects43,765
    9800 - Residents Property Management41,563
    74100 - specialised design activities41,257
    62012 - Business and domestic software development32,858
    73110 - Advertising agencies31,451
    68209 - Other letting and operating of own or leased real estate33,755

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    07450874 JMS AUTOS LIMITED 25 Nov 2010
    07450238 THE RADWELL FENCING COMPANY LIMITED 24 Nov 2010
    07448967 PARA MANANA LIMITED 24 Nov 2010
    07448295 LINEAR COACHWORKS LTD 23 Nov 2010
    07447073 DREAM MACHINES LTD 22 Nov 2010
    07445352 AEROTECH ANALYSIS LIMITED 19 Nov 2010
    07444674 REGENCY LG LTD 18 Nov 2010
    07443588 ENCORE DESIGN LTD 18 Nov 2010
    07440176 STACK TRACE CONSULTING LIMITED 15 Nov 2010
    07437783 WESSEX COURT ESTATE MANAGEMENT COMPANY LIMITED 12 Nov 2010
    07437775 WESSEX COURT FLAT MANAGEMENT COMPANY LIMITED 12 Nov 2010
    07434606 ATINOZ MEDLOCUMS LIMITED 09 Nov 2010
    07433545 WINES AND ALES LIMITED 09 Nov 2010
    07433499 COLE GREEN WINES LIMITED 09 Nov 2010
    07430717 PAPER RIVER SOFTWARE LIMITED 05 Nov 2010

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