Letchworth Garden City, Hertfordshire
2012 Annual Business Confidence Report
Headlines
- 2012 was a record year for company registrations in Letchworth Garden City when compared to any year in history.
- October 2012 saw a new record in company closures in Letchworth Garden City when compared to any previous October.
Contents
New Company Registrations
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Annual Data (2012)
2012 was a record year for company registrations in Letchworth Garden City when compared to any year in history.
A total of 200 companies were formed in Letchworth Garden City in 2012. This total is 10.5% higher than in 2011 and compares equally to the UK figure of a 8.6% growth compared to 452,870 the previous year.
Year Letchworth Garden City UK 2012 200 491,893 2011 181 452,870 2010 176 400,358 2009 173 362,675 2008 164 349,203 Record Year 2012 (200) 2012 (491,893) New Companies by Year
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Half Year Data (Jul-Dec 2012)
In the second half of 2012 a total of 96 companies were formed in Letchworth Garden City. This figure is 15.7% higher than last year, which compares well to the UK wide figure of 6.5%.
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 2012 96 238,743 2011 83 224,135 % change 15.7% 6.5% Record Year 2003 (97) 2012 (238,743) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
A total of 41 companies were registered in Letchworth Garden City during the fourth quarter of 2012 (Oct 2012 - Dec 2012).
This figure is an increase of 10.8% versus the same period last year (Q4 2011). This figure compares equally to the UK as a whole, which saw an increase of 9.4% against the same period last year.
fourth quarter (Oct 2012 - Dec 2012) Letchworth Garden City UK 2012 41 119,875 2011 37 109,623 % change 10.8% 9.4% Record Year 2003 (53) 2012 (119,875) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2012)
New Companies by Month
October November December New companies in 2012 12 14 15 New companies in 2011 10 15 12 % change 20.0% -6.7% 25.0% Record Year 2002 (23) 2003 (20) 2009 (17)
Closed Companies (dissolved)
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Annual Data (2012)
A total of 121 companies were dissolved in Letchworth Garden City in 2012. This total is 4.0% lower than in 2011 and compares favourably to the UK figure of 6.6% decrease compared to the previous year.
Year Letchworth Garden City UK 2012 121 293,728 2011 126 314,524 2010 109 342,233 2009 162 533,787 2008 97 237,873 Record Year 2009 (162) 2009 (533,787) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2012)
In the second half of 2012 a total of 68 companies were dissolved in Letchworth Garden City. This figure is 6.8% lower than last year, which compares well to the UK wide change of -4.1%.
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 2012 68 145,934 2011 73 152,213 % change -6.8% -4.1% Record Year 2011 (73) 2009 (244,543) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
A total of 33 companies were dissolved in Letchworth Garden City during the fourth quarter of 2012 (Oct 2012 - Dec 2012).
This figure is a decrease of 21.4% versus the same period last year (Q4 2011). This figure compares well to the UK as a whole, which saw a decrease of 12.4% against the same period last year.
fourth quarter (Oct 2012 - Dec 2012) Letchworth Garden City UK 2012 33 70,026 2011 42 79,983 % change -21.4% -12.4% Record Year 2011 (42) 2009 (85,139) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2012)
October 2012 saw a new record in company closures in Letchworth Garden City when compared to any previous October.
Dissolved Companies by Month
October November December Closed companies in 2012 17 11 5 Closed companies in 2011 10 16 16 % change 70.0% -31.3% -69% Record Year 2012 (17) 2011 (16) 2011 (16)
Net Company Growth
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Annual Data (2012)
A total of 79 companies were added to the company register for Letchworth Garden City in 2012. This number represents growth of 43.6% in the total number of active companies, which compares unfavourably to the UK figure of 43.8%.
This number is 24 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.
Year Letchworth Garden City UK 2012 79 198,165 2011 55 138,346 2010 67 58,125 2009 11 -171,112 2008 67 111,330 Record Year 2003 (109) 2003 (242,541) Net Growth by Year
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Half Year Data (Jul-Dec 2012)
In the second half of 2012 the company register for Letchworth Garden City increased by 28 companies.
Half Year (Jul-Dec) Letchworth Garden City UK 2012 28 92,809 2011 10 71,922 Record Year 2003 (52) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
Net company growth for Letchworth Garden City during the fourth quarter of 2012 (Oct 2012 - Dec 2012) was 8 companies.
fourth quarter (Oct 2012 - Dec 2012) Letchworth Garden City UK 2012 8 49,849 2011 -5 29,640 Record Year 2003 (34) 2003 (57,175) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2012)
Net Growth by Month
October November December Net growth in 2012 -5 3 10 Net growth in 2011 0 -1 -4 Record Year 2002 (14) 2003 (16) 2006 (12)
UK Company Share
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Annual Data (2012)
In 2012 Letchworth Garden City formed 0.0% of all UK companies. This is no change on 2011 when Letchworth Garden City was responsible for 0.0% of all UK companies.
Year Letchworth Garden City 2012 0.0% 2011 0.0% 2010 0.0% 2009 0.0% 2008 0.0% Record Year (since 1960) 1966 (0.2%) Company Share by Year
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Half Year Data (Jul-Dec 2012)
In the second half of 2012 Letchworth Garden City formed 0.0% of all UK companies. This is the same as the 2011 figure of 0.0%.
Half Year (Jul-Dec) Letchworth Garden City 2012 0.0% 2011 0.0% 2010 0.0% 2009 0.0% 2008 0.1% Record Year (since 1960) 1966 (0.2%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
In the fourth quarter of 2012, Letchworth Garden City formed 0.0% of all UK companies.
fourth quarter (Oct 2012 - Dec 2012) Letchworth Garden City 2012 0.0% 2011 0.0% 2010 0.0% 2009 0.1% 2008 0.0% Record Year (since 1960) 1981 (0.2%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2012)
Company Share by Month
October November December UK formation share in 2012 0.0% 0.0% 0.0% UK formation share in 2011 0.0% 0.0% 0.0% % change 0.8% -11.3% 21.7% Record Year 1981 (0.3%) 1968 (0.2%) 1981 (0.2%)
Director Age
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Annual Data (2012)
The average age of a director in 2012 was 45.0.
The percentage of directors under the age of 25 was 5.4% compared to the UK figure of 3.8%.
The percentage of directors over the age of 65 was 4.1% compared to the UK figure of 4.1%.
Director Age by Year
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Half Year Data (Jul-Dec 2012)
The average age of a director in the second half of 2012 was 43.1.
The percentage of directors under the age of 25 was 7.1% compared to the UK figure of 4.3%.
The percentage of directors over the age of 65 was 1.8% compared to the UK figure of 4.0%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
The average age of a director in the fourth quarter of 2012 was 43.7.
The percentage of directors under the age of 25 was 7.3% compared to the UK figure of 4.4%.
The percentage of directors over the age of 65 was 0.0% compared to the UK figure of 3.9%.
Director Age by Quarter
Director Gender
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Annual Data (2012)
The record year for female directors in Letchworth Garden City was 1860 when 35.7% of all directors were female.
The percentage of female directors in Letchworth Garden City in 2012 was 24.0%. The average for the UK during this time was 29.9%
Director Gender by Year
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Half Year Data (Jul-Dec 2012)
The record second half year for female directors in Letchworth Garden City was 1860 when 42.9% of all directors were female.
30.0% of all director appointments in Letchworth Garden City in the second half of 2012 were female. This compares to a UK average of 25.5% for the same period.
Director Gender by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
The record fourth quarter for female directors in Letchworth Garden City was in 1977 when 31.2% of all directors were female.
26.1% of all director appointments in Letchworth Garden City in the fourth quarter of 2012 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 2011-Dec 2012)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage CONSULTING 1.89% CONSULTING 5.15% MANAGEMENT 1.89% MANAGEMENT 4.78% PROPERTIES 1.62% CONSULTANCY 3.31% LETCHWORTH 1.35% PROPERTY 2.40% B 1.08% TRADING 2.03% MAINTENANCE 0.81% DESIGN 1.86% NEW 0.81% ASSOCIATES 1.82% ENGINEERING 0.81% ENGINEERING 1.79% J 0.81% BUSINESS 1.76% ASSOCIATES 0.81% CONSULTANTS 1.75% DEVELOPMENT 0.81% CONSTRUCTION 1.69% ELECTRICAL 0.81% LONDON 1.69% CONSULTANCY 0.81% MEDIA 1.69% CARE 0.81% GLOBAL 1.59% MARKETING 0.81% J 1.57% BUILDING 0.81% INVESTMENTS 1.46% SYSTEMS 0.81% IT 1.43% ONLINE 0.54% CARE 1.39% SPECIAL 0.54% PROPERTIES 1.34% C 0.54% M 1.26% PARTNERSHIP 0.54% BUILDING 1.23% HOTEL 0.54% ENTERPRISES 1.21% CONTRACTORS 0.54% TRAINING 1.18% CST 0.54% ELECTRICAL 1.17% TRAINING 0.54% SECURITY 1.17%
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 84 236,139 70229 - Management consultancy activities other than financial management 25 30,396 82990 - Other business support service activities not elsewhere classified 19 52,427 99999 - Dormant Company 13 40,648 62020 - Information technology consultancy activities 13 23,256 7487 - Other business activities 9 10,703 96090 - Other service activities not elsewhere classified 8 22,058 62090 - Other information technology service activities 7 12,291 68209 - Other letting and operating of own or leased real estate 6 6,971 43220 - Plumbing, heat and air-conditioning installation 5 4,045 62012 - Business and domestic software development 5 7,446 74909 - Other professional, scientific and technical activities not elsewhere classified 5 15,572 41202 - Construction of domestic buildings 4 4,882 61900 - Other telecommunications activities 4 2,191 47910 - Retail sale via mail order houses or via Internet 4 6,307 56102 - Unlicensed restaurants and cafes 3 2,936 43210 - Electrical installation 3 5,304 46180 - Agents specialized in the sale of other particular products 3 1,041 43991 - Scaffold erection 3 531 64999 - Financial intermediation not elsewhere classified 3 4,537
Recent Companies
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Randomly selected companies from this quarter
COMPANY NUMBER COMPANY NAME INCORPORATION DATE 08234696 ZAPPED SOFTWARE LIMITED 01 Oct 2012 08235380 ECO TECH INC LIMITED 01 Oct 2012 08238387 ELECTRICAL TESTING AND COMPLIANCE SOLUTIONS LIMITED 03 Oct 2012 08238844 C.R.M CONTRACTORS LIMITED 03 Oct 2012 08243678 TEKSECURE SOLUTIONS LTD 08 Oct 2012 08243787 LONDON COLLEGE OF MAKE-UP LIMITED 08 Oct 2012 08244174 MULBERRY ROSE LIMITED 08 Oct 2012 08249336 MR BARRETT ELECTRICAL LTD 11 Oct 2012 08258269 LETCHWORTH RESTAURANT LIMITED 18 Oct 2012 08261821 LH TELECOM SERVICES LTD 22 Oct 2012 08265830 BURRS ONLINE LIMITED 23 Oct 2012 08266633 RENT BERLIN LIMITED 24 Oct 2012