Letchworth Garden City, Hertfordshire
2011 Annual Business Confidence Report
Headlines
- The second half of 2011 saw a new record in company closures in Letchworth Garden City when compared to any previous second half year.
- Q4 2011 saw a new record in company closures in Letchworth Garden City when compared to any previous Q4.
- December 2011 saw a new record in company closures in Letchworth Garden City when compared to any previous December.
Contents
New Company Registrations
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Annual Data (2011)
A total of 181 companies were formed in Letchworth Garden City in 2011. This total is 2.8% higher than in 2010 and compares poorly to the UK figure of a 13.1% growth compared to 400,358 the previous year.
Year Letchworth Garden City UK 2011 181 452,870 2010 176 400,358 2009 173 362,675 2008 164 349,203 2007 186 457,649 Record Year 2003 (196) 2007 (457,649) New Companies by Year
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Half Year Data (Jul-Dec 2011)
In the second half of 2011 a total of 83 companies were formed in Letchworth Garden City. This figure is 3.5% lower than last year, which compares badly to the UK wide figure of 14.0%.
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 City UK 2011 83 224,135 2010 86 196,609 % change -3.5% 14.0% Record Year 2003 (97) 2011 (224,135) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2011)
A total of 37 companies were registered in Letchworth Garden City during the fourth quarter of 2011 (Oct 2011 - Dec 2011).
This figure is a decrease of 7.5% versus the same period last year (Q4 2010). This figure compares badly to the UK as a whole, which saw an increase of 15.3% against the same period last year.
fourth quarter (Oct 2011 - Dec 2011) Letchworth Garden City UK 2011 37 109,623 2010 40 95,117 % change -7.5% 15.3% Record Year 2003 (53) 2011 (109,623) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2011)
New Companies by Month
October November December New companies in 2011 10 15 12 New companies in 2010 13 15 12 % change -23.1% 0.0% 0.0% Record Year 2002 (23) 2003 (20) 2009 (17)
Closed Companies (dissolved)
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Annual Data (2011)
A total of 126 companies were dissolved in Letchworth Garden City in 2011. This total is 15.6% higher than in 2010 and compares favourably to the UK figure of 8.1% decrease compared to the previous year.
Year Letchworth Garden City UK 2011 126 314,523 2010 109 342,232 2009 162 533,773 2008 97 237,901 2007 91 220,295 Record Year 2009 (162) 2009 (533,773) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2011)
The second half of 2011 saw a new record in company closures in Letchworth Garden City when compared to any previous second half year.
In the second half of 2011 a total of 73 companies were dissolved in Letchworth Garden City. This figure is 46.0% higher than last year, which compares badly to the UK wide change of -7.5%.
The highest total for a second half year in Letchworth Garden City occurred in 2011 when a total of 73 were closed.
Half Year (Jul-Dec) Letchworth Garden City UK 2011 73 152,213 2010 50 164,601 % change 46.0% -7.5% Record Year 2011 (73) 2009 (244,537) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2011)
Q4 2011 saw a new record in company closures in Letchworth Garden City when compared to any previous Q4.
A total of 42 companies were dissolved in Letchworth Garden City during the fourth quarter of 2011 (Oct 2011 - Dec 2011).
This figure is an increase of 110.0% versus the same period last year (Q4 2010). This figure compares poorly to the UK as a whole, which saw an increase of 4.0% against the same period last year.
fourth quarter (Oct 2011 - Dec 2011) Letchworth Garden City UK 2011 42 79,983 2010 20 76,896 % change 110.0% 4.0% Record Year 2011 (42) 2009 (85,136) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2011)
December 2011 saw a new record in company closures in Letchworth Garden City when compared to any previous December.
Dissolved Companies by Month
October November December Closed companies in 2011 10 16 16 Closed companies in 2010 8 8 4 % change 25.0% 100.0% 300% Record Year 2007 (11) 2005 (16) 2011 (16)
Net Company Growth
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Annual Data (2011)
A total of 55 companies were added to the company register for Letchworth Garden City in 2011. This number represents growth of 31.3% in the total number of active companies, which compares unfavourably to the UK figure of 34.6%.
This number is 12 companies lower 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.
Year Letchworth Garden City UK 2011 55 138,347 2010 67 58,126 2009 11 -171,098 2008 67 111,302 2007 95 237,354 Record Year 2003 (109) 2003 (242,543) Net Growth by Year
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Half Year Data (Jul-Dec 2011)
In the second half of 2011 the company register for Letchworth Garden City increased by 10 companies.
Half Year (Jul-Dec) Letchworth Garden City UK 2011 10 71,922 2010 36 32,008 Record Year 2003 (52) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2011)
Net company growth for Letchworth Garden City during the fourth quarter of 2011 (Oct 2011 - Dec 2011) was -5 companies.
fourth quarter (Oct 2011 - Dec 2011) Letchworth Garden City UK 2011 -5 29,640 2010 20 18,221 Record Year 2003 (34) 2003 (57,175) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2011)
Net Growth by Month
October November December Net growth in 2011 0 -1 -4 Net growth in 2010 5 7 8 Record Year 2002 (14) 2003 (16) 2006 (12)
UK Company Share
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Annual Data (2011)
In 2011 Letchworth Garden City formed 0.0% of all UK companies. This is no change on 2010 when Letchworth Garden City was responsible for 0.0% of all UK companies.
Year Letchworth Garden City 2011 0.0% 2010 0.0% 2009 0.0% 2008 0.0% 2007 0.0% Record Year (since 1960) 1966 (0.2%) Company Share by Year
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Half Year Data (Jul-Dec 2011)
In the second half of 2011 Letchworth Garden City formed 0.0% of all UK companies. This is the same as the 2010 figure of 0.0%.
Half Year (Jul-Dec) Letchworth Garden City 2011 0.0% 2010 0.0% 2009 0.0% 2008 0.1% 2007 0.0% Record Year (since 1960) 1966 (0.2%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2011)
In the fourth quarter of 2011, Letchworth Garden City formed 0.0% of all UK companies.
fourth quarter (Oct 2011 - Dec 2011) Letchworth Garden City 2011 0.0% 2010 0.0% 2009 0.1% 2008 0.0% 2007 0.0% Record Year (since 1960) 1981 (0.2%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2011)
Company Share by Month
October November December UK formation share in 2011 0.0% 0.0% 0.0% UK formation share in 2010 0.0% 0.0% 0.0% % change -33.2% -14.9% -11.3% Record Year 1981 (0.3%) 1968 (0.2%) 1981 (0.2%)
Director Age
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Annual Data (2011)
The average age of a director in 2011 was 44.6.
The percentage of directors under the age of 25 was 5.8% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 3.6% compared to the UK figure of 4.2%.
Director Age by Year
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Half Year Data (Jul-Dec 2011)
The average age of a director in the second half of 2011 was 43.1.
The percentage of directors under the age of 25 was 6.5% compared to the UK figure of 4.1%.
The percentage of directors over the age of 65 was 1.4% compared to the UK figure of 4.1%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2011)
The average age of a director in the fourth quarter of 2011 was 45.4.
The percentage of directors under the age of 25 was 4.9% compared to the UK figure of 4.2%.
The percentage of directors over the age of 65 was 3.3% compared to the UK figure of 4.1%.
Director Age by Quarter
Director Gender
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Annual Data (2011)
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 2011 was 27.7%. The average for the UK during this time was 28.6%
Director Gender by Year
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Half Year Data (Jul-Dec 2011)
The record second half year for female directors in Letchworth Garden City was 1860 when 42.9% of all directors were female.
23.2% of all director appointments in Letchworth Garden City in the second half of 2011 were female. This compares to a UK average of 25.7% for the same period.
Director Gender by Half Year
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Quarterly Data (Q4 Oct-Dec 2011)
The record fourth quarter for female directors in Letchworth Garden City was in 1977 when 31.1% of all directors were female.
25.0% of all director appointments in Letchworth Garden City in the fourth quarter of 2011 were female. This compares to a UK average of 25.3% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Dec 2010-Dec 2011)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage CONSULTING 2.50% CONSULTING 5.07% MANAGEMENT 2.22% MANAGEMENT 4.74% ADMIRAL 1.39% CONSULTANCY 3.26% GARDEN 0.83% PROPERTY 2.37% CONSULTANCY 0.83% TRADING 2.07% PARK 0.83% DESIGN 1.92% CAPITAL 0.56% ASSOCIATES 1.86% SUPPLIES 0.56% ENGINEERING 1.78% DIGITAL 0.56% BUSINESS 1.78% J 0.56% CONSULTANTS 1.76% RETAIL 0.56% CONSTRUCTION 1.73% SOLUTION 0.56% MEDIA 1.71% M 0.56% LONDON 1.63% PARTNERSHIP 0.56% J 1.51% CITY 0.56% INVESTMENTS 1.48% DEE 0.56% GLOBAL 1.46% CONTROL 0.56% IT 1.41% HOME 0.56% CARE 1.39% DESIGN 0.56% PROPERTIES 1.29% SCOTT 0.56% ELECTRICAL 1.29% MY 0.56% M 1.27% MEDIA 0.56% BUILDING 1.26% BURDEN 0.56% ENERGY 1.25% FINANCE 0.56% S 1.20% ALPHALINE 0.56% ENTERPRISES 1.20%
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 63 205,525 7487 - Other business activities 25 57,052 82990 - Other business support service activities not elsewhere classified 15 32,483 70229 - Management consultancy activities other than financial management 15 17,765 9999 - Dormant Company 12 20,199 98000 - Residents property management 9 2,874 99999 - Dormant Company 8 21,846 62020 - Information technology consultancy activities 8 12,072 7414 - Business & management consultancy 8 13,034 7260 - Other computer related activities 7 7,667 68209 - Other letting and operating of own or leased real estate 7 4,082 4521 - General construction & civil engineering 4 5,558 41100 - Development of building projects 4 4,331 62012 - Business and domestic software development 4 3,714 6523 - Other financial intermediation 4 1,891 96090 - Other service activities not elsewhere classified 4 11,768 74100 - specialised design activities 4 1,530 47990 - Other retail sale not in stores, stalls or markets 4 2,699 62090 - Other information technology service activities 3 7,493 43390 - Other building completion and finishing 3 2,832
Recent Companies
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Randomly selected companies from this quarter
COMPANY NUMBER COMPANY NAME INCORPORATION DATE 07830010 JAYTECH (UK) LTD 01 Nov 2011 07834074 PMC (2011) LIMITED 03 Nov 2011 07835177 LANTERN FREEHOLD LIMITED 04 Nov 2011 07837248 JDR SPORTS LTD 07 Nov 2011 07842146 PORTMILL LIMITED 10 Nov 2011 07844480 RHG VENTURES LIMITED 11 Nov 2011 07844945 RED WITCH CONSULTING LIMITED 11 Nov 2011 07844981 US INVESTMENTS/LEISURE LIMITED 11 Nov 2011 07847979 JONATHAN GLAZIER MEDIA LIMITED 15 Nov 2011 07848077 TREADAWAY PLUMBING AND HEATING LIMITED 15 Nov 2011 07851155 THE NEXT BEST PLACE LIMITED 17 Nov 2011 07853519 FORLEX FIRE PROTECTION LIMITED 18 Nov 2011 07856245 NICHOL PHARMA SERVICES LTD 22 Nov 2011 07861875 J H CORRUGATOR SERVICES LIMITED 28 Nov 2011 OC369472 GREENWICH PARTNERSHIP LLP 03 Nov 2011