Letchworth Garden City, Hertfordshire
2013 Annual Business Confidence Report
NOTICE: We have improved our calculations of the statistics in these reports, so some figures and records may not match previous reports.
Headlines
- 2013 was a record year for company registrations in Letchworth Garden City when compared to any year in history.
- The second half of 2013 saw a new record in company registrations in Letchworth Garden City when compared to any previous second half year.
- The second half of 2013 was a record second half year for company registrations in Letchworth Garden City when compared to any half year in history.
- Q4 2013 saw a new record in company registrations in Letchworth Garden City when compared to any previous Q4.
- Q4 2013 was a record quarter for company registrations in Letchworth Garden City when compared to any quarter in history.
- December 2013 saw a new record in company registrations in Letchworth Garden City when compared to any previous December.
- October 2013 saw a new record in company registrations in Letchworth Garden City when compared to any previous October.
- October 2013 was a record month for company registrations in Letchworth Garden City when compared to any month in history.
- 2013 was a record year for company closures in Letchworth Garden City when compared to any year in history.
- The second half of 2013 saw a new record in company closures in Letchworth Garden City when compared to any previous second half year.
- December 2013 saw a new record in net growth in Letchworth Garden City when compared to any previous December.
- October 2013 saw a new record in net growth in Letchworth Garden City when compared to any previous October.
- October 2013 was a record month for net growth in Letchworth Garden City when compared to any month in history.
Contents
New Company Registrations
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Annual Data (2013)
2013 was a record year for company registrations in Letchworth Garden City when compared to any year in history.
A total of 252 companies were formed in Letchworth Garden City in 2013. This total is 26.0% higher than in 2012 and compares favourably to the UK figure of a 7.6% growth compared to 491,893 the previous year.
Year Letchworth Garden City UK 2013 252 529,363 2012 200 491,893 2011 181 452,870 2010 176 400,358 2009 173 362,675 Record Year 2013 (252) 2013 (529,363) New Companies by Year
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Half Year Data (Jul-Dec 2013)
The second half of 2013 saw a new record in company registrations in Letchworth Garden City when compared to any previous second half year.
The second half of 2013 was a record second half year for company registrations in Letchworth Garden City when compared to any half year in history.
In the second half of 2013 a total of 128 companies were formed in Letchworth Garden City. This figure is 33.3% higher than last year, which compares well to the UK wide figure of 8.9%.
The highest total for a second half year in Letchworth Garden City occurred in 2013 when a total of 128 were formed.
Half Year (Jul-Dec) Letchworth Garden City UK 2013 128 259,931 2012 96 238,743 % change 33.3% 8.9% Record Year 2013 (128) 2013 (259,931) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
Q4 2013 saw a new record in company registrations in Letchworth Garden City when compared to any previous Q4.
Q4 2013 was a record quarter for company registrations in Letchworth Garden City when compared to any quarter in history.
A total of 81 companies were registered in Letchworth Garden City during the fourth quarter of 2013 (Oct 2013 - Dec 2013).
This figure is an increase of 97.6% versus the same period last year (Q4 2012). This figure compares well to the UK as a whole, which saw an increase of 6.1% against the same period last year.
fourth quarter (Oct 2013 - Dec 2013) Letchworth Garden City UK 2013 81 127,247 2012 41 119,875 % change 97.6% 6.1% Record Year 2013 (81) 2013 (127,247) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2013)
December 2013 saw a new record in company registrations in Letchworth Garden City when compared to any previous December.
October 2013 saw a new record in company registrations in Letchworth Garden City when compared to any previous October.
October 2013 was a record month for company registrations in Letchworth Garden City when compared to any month in history.
New Companies by Month
October November December New companies in 2013 35 17 29 New companies in 2012 12 14 15 % change 191.7% 21.4% 93.3% Record Year 2013 (35) 2003 (20) 2013 (29)
Closed Companies (dissolved)
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Annual Data (2013)
2013 was a record year for company closures in Letchworth Garden City when compared to any year in history.
A total of 185 companies were dissolved in Letchworth Garden City in 2013. This total is 52.9% higher than in 2012 and compares favourably to the UK figure of 13.1% growth compared to the previous year.
Year Letchworth Garden City UK 2013 185 332,213 2012 121 293,729 2011 126 314,524 2010 109 342,233 2009 162 533,789 Record Year 2013 (185) 2009 (533,789) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2013)
The second half of 2013 saw a new record in company closures in Letchworth Garden City when compared to any previous second half year.
In the second half of 2013 a total of 82 companies were dissolved in Letchworth Garden City. This figure is 20.6% higher than last year, which compares well to the UK wide change of 21.3%.
The highest total for a second half year in Letchworth Garden City occurred in 2013 when a total of 82 were closed.
Half Year (Jul-Dec) Letchworth Garden City UK 2013 82 177,021 2012 68 145,935 % change 20.6% 21.3% Record Year 2013 (82) 2009 (244,544) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
A total of 36 companies were dissolved in Letchworth Garden City during the fourth quarter of 2013 (Oct 2013 - Dec 2013).
This figure is an increase of 9.1% versus the same period last year (Q4 2012). This figure compares well to the UK as a whole, which saw an increase of 29.7% against the same period last year.
fourth quarter (Oct 2013 - Dec 2013) Letchworth Garden City UK 2013 36 90,851 2012 33 70,027 % change 9.1% 29.7% Record Year 2011 (42) 2013 (90,851) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2013)
Dissolved Companies by Month
October November December Closed companies in 2013 13 10 13 Closed companies in 2012 17 11 5 % change -23.5% -9.1% 160% Record Year 2012 (17) 2011 (16) 2011 (16)
Net Company Growth
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Annual Data (2013)
A total of 67 companies were added to the company register for Letchworth Garden City in 2013. This number represents growth of 26.6% in the total number of active companies, which compares unfavourably to the UK figure of 37.2%.
This number is 12 companies lower than the previous year.
The highest net company growth figure ever seen in one year came in 2007 when the Letchworth Garden City company register grew by 95 companies.
Year Letchworth Garden City UK 2013 67 197,150 2012 79 198,164 2011 55 138,346 2010 67 58,125 2009 11 -171,114 Record Year 2007 (95) 2007 (237,353) Net Growth by Year
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Half Year Data (Jul-Dec 2013)
In the second half of 2013 the company register for Letchworth Garden City increased by 46 companies.
Half Year (Jul-Dec) Letchworth Garden City UK 2013 46 82,910 2012 28 92,808 Record Year 2003 (52) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
Net company growth for Letchworth Garden City during the fourth quarter of 2013 (Oct 2013 - Dec 2013) was 45 companies.
fourth quarter (Oct 2013 - Dec 2013) Letchworth Garden City UK 2013 45 36,396 2012 8 49,848 Record Year 2013 (45) 2012 (49,848) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2013)
December 2013 saw a new record in net growth in Letchworth Garden City when compared to any previous December.
October 2013 saw a new record in net growth in Letchworth Garden City when compared to any previous October.
October 2013 was a record month for net growth in Letchworth Garden City when compared to any month in history.
Net Growth by Month
October November December Net growth in 2013 22 7 16 Net growth in 2012 -5 3 10 Record Year 2013 (22) 2003 (16) 2013 (16)
UK Company Share
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Annual Data (2013)
In 2013 Letchworth Garden City formed 0.0% of all UK companies. This is no change on 2012 when Letchworth Garden City was responsible for 0.0% of all UK companies.
Year Letchworth Garden City 2013 0.0% 2012 0.0% 2011 0.0% 2010 0.0% 2009 0.0% Record Year (since 1960) 1991 (0.1%) Company Share by Year
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Half Year Data (Jul-Dec 2013)
In the second half of 2013 Letchworth Garden City formed 0.0% of all UK companies. This is the same as the 2012 figure of 0.0%.
Half Year (Jul-Dec) Letchworth Garden City 2013 0.0% 2012 0.0% 2011 0.0% 2010 0.0% 2009 0.0% Record Year (since 1960) 1991 (0.1%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
In the fourth quarter of 2013, Letchworth Garden City formed 0.1% of all UK companies.
fourth quarter (Oct 2013 - Dec 2013) Letchworth Garden City 2013 0.1% 2012 0.0% 2011 0.0% 2010 0.0% 2009 0.1% Record Year (since 1960) 1994 (0.1%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2013)
Company Share by Month
October November December UK formation share in 2013 0.1% 0.0% 0.1% UK formation share in 2012 0.0% 0.0% 0.0% % change 171.5% 19.4% 75.9% Record Year 1986 (0.1%) 1995 (0.1%) 1990 (0.1%)
Director Age
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Annual Data (2013)
The average age of a director in 2013 was 47.1.
The percentage of directors under the age of 25 was 4.5% compared to the UK figure of 3.9%.
The percentage of directors over the age of 65 was 2.2% compared to the UK figure of 4.2%.
Director Age by Year
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Half Year Data (Jul-Dec 2013)
The average age of a director in the second half of 2013 was 46.6.
The percentage of directors under the age of 25 was 4.6% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 2.6% compared to the UK figure of 4.8%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
The average age of a director in the fourth quarter of 2013 was 46.5.
The percentage of directors under the age of 25 was 2.6% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 3.1% compared to the UK figure of 5.1%.
Director Age by Quarter
Director Gender
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Annual Data (2013)
The record year for female directors in Letchworth Garden City was 2000 when 36.1% of all directors were female.
The percentage of female directors in Letchworth Garden City in 2013 was 27.5%. The average for the UK during this time was 26.0%
Director Gender by Year
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Half Year Data (Jul-Dec 2013)
The record second half year for female directors in Letchworth Garden City was 2008 when 31.1% of all directors were female.
28.7% of all director appointments in Letchworth Garden City in the second half of 2013 were female. This compares to a UK average of 25.9% for the same period.
Director Gender by Half Year
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Quarterly Data (Q4 Oct-Dec 2013)
The record fourth quarter for female directors in Letchworth Garden City was in 2005 when 30.6% of all directors were female.
24.1% of all director appointments in Letchworth Garden City in the fourth quarter of 2013 were female. This compares to a UK average of 25.6% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Dec 2012-Dec 2013)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage P 1.23% CONSULTING 5.22% CONSULTANCY 1.23% MANAGEMENT 4.72% LETCHWORTH 1.23% CONSULTANCY 3.45% MANAGEMENT 1.23% PROPERTY 2.59% C 1.02% TRADING 2.08% H 1.02% ENGINEERING 1.87% CONSULTING 1.02% LONDON 1.86% J 0.82% DESIGN 1.76% THREE 0.82% CONSTRUCTION 1.73% D 0.82% CARE 1.73% ASSOCIATES 0.82% BUSINESS 1.71% PROPERTIES 0.82% CONSULTANTS 1.68% BN 0.82% GLOBAL 1.58% SECURITY 0.82% INVESTMENTS 1.56% ADVANCED 0.82% PROPERTIES 1.54% CITY 0.82% ASSOCIATES 1.53% M 0.82% J 1.51% GARDEN 0.82% MEDIA 1.50% FLOORING 0.61% IT 1.35% BUSINESS 0.61% DEVELOPMENTS 1.23% GROUP 0.61% M 1.23% K 0.61% BUILDING 1.21% PARTNERSHIP 0.61% ELECTRICAL 1.20% ENTERPRISES 0.61% CAPITAL 1.19% DEVELOPMENTS 0.61% ENERGY 1.14%
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 103 266,814 70229 - Management consultancy activities other than financial management 22 36,164 99999 - Dormant Company 17 46,762 82990 - Other business support service activities not elsewhere classified 14 55,342 74909 - Other professional, scientific and technical activities not elsewhere classified 13 18,034 62020 - Information technology consultancy activities 11 27,183 96090 - Other service activities not elsewhere classified 10 26,001 62090 - Other information technology service activities 9 12,511 47910 - Retail sale via mail order houses or via Internet 9 8,879 62012 - Business and domestic software development 6 9,360 41202 - Construction of domestic buildings 5 6,191 68209 - Other letting and operating of own or leased real estate 5 8,733 56290 - Other food services 5 3,837 98000 - Residents property management 5 4,710 64999 - Financial intermediation not elsewhere classified 5 5,309 96020 - Hairdressing and other beauty treatment 4 6,000 56101 - Licensed restaurants 4 7,685 43210 - Electrical installation 4 5,730 74100 - specialised design activities 4 4,309 74990 - Non-trading company 4 14,223
Recent Companies
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Randomly selected companies from this quarter