Letchworth Garden City, Hertfordshire
2014 Annual Business Confidence Report
Contents
New Company Registrations
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Annual Data (2014)
A total of 226 companies were formed in Letchworth Garden City in 2014. This total is 10.3% lower than in 2013 and compares poorly to the UK figure of a 10.0% growth compared to 529,363 the previous year.
Year Letchworth Garden City UK 2014 226 582,051 2013 252 529,363 2012 200 491,893 2011 181 452,870 2010 176 400,358 Record Year 2013 (252) 2014 (582,051) New Companies by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 a total of 102 companies were formed in Letchworth Garden City. This figure is 20.3% lower than last year, which compares badly to the UK wide figure of 8.2%.
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 2014 102 281,320 2013 128 259,931 % change -20.3% 8.2% Record Year 2013 (128) 2014 (281,320) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
A total of 45 companies were registered in Letchworth Garden City during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is a decrease of 44.4% versus the same period last year (Q4 2013). This figure compares badly to the UK as a whole, which saw an increase of 8.4% against the same period last year.
fourth quarter (Oct 2014 - Dec 2014) Letchworth Garden City UK 2014 45 137,906 2013 81 127,247 % change -44.4% 8.4% Record Year 2013 (81) 2014 (137,906) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
New Companies by Month
October November December New companies in 2014 14 18 13 New companies in 2013 35 17 29 % change -60.0% 5.9% -55.2% Record Year 2013 (35) 2003 (20) 2013 (29)
Closed Companies (dissolved)
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Annual Data (2014)
A total of 173 companies were dissolved in Letchworth Garden City in 2014. This total is 6.5% lower than in 2013 and compares unfavourably to the UK figure of 10.8% growth compared to the previous year.
Year Letchworth Garden City UK 2014 173 367,937 2013 185 332,213 2012 121 293,729 2011 126 314,524 2010 109 342,233 Record Year 2013 (185) 2009 (533,789) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 a total of 82 companies were dissolved in Letchworth Garden City. This figure is 0.0% higher than last year, which compares well to the UK wide change of 7.7%.
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 2014 82 190,730 2013 82 177,021 % change 0.0% 7.7% Record Year 2013 (82) 2009 (244,544) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
A total of 30 companies were dissolved in Letchworth Garden City during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is a decrease of 16.7% versus the same period last year (Q4 2013). This figure compares well to the UK as a whole, which saw a decrease of 2.0% against the same period last year.
fourth quarter (Oct 2014 - Dec 2014) Letchworth Garden City UK 2014 30 89,060 2013 36 90,851 % change -16.7% -2.0% Record Year 2011 (42) 2013 (90,851) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Dissolved Companies by Month
October November December Closed companies in 2014 10 5 15 Closed companies in 2013 13 10 13 % change -23.1% -50.0% 15% Record Year 2012 (17) 2011 (16) 2011 (16)
Net Company Growth
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Annual Data (2014)
A total of 53 companies were added to the company register for Letchworth Garden City in 2014. This number represents growth of 23.5% in the total number of active companies, which compares unfavourably to the UK figure of 36.8%.
This number is 14 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 2014 53 214,114 2013 67 197,150 2012 79 198,164 2011 55 138,346 2010 67 58,125 Record Year 2007 (95) 2007 (237,353) Net Growth by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 the company register for Letchworth Garden City increased by 20 companies.
Half Year (Jul-Dec) Letchworth Garden City UK 2014 20 90,590 2013 46 82,910 Record Year 2003 (52) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
Net company growth for Letchworth Garden City during the fourth quarter of 2014 (Oct 2014 - Dec 2014) was 15 companies.
fourth quarter (Oct 2014 - Dec 2014) Letchworth Garden City UK 2014 15 48,846 2013 45 36,396 Record Year 2013 (45) 2012 (49,848) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Net Growth by Month
October November December Net growth in 2014 4 13 -2 Net growth in 2013 22 7 16 Record Year 2013 (22) 2003 (16) 2013 (16)
UK Company Share
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Annual Data (2014)
In 2014 Letchworth Garden City formed 0.0% of all UK companies. This is no change on 2013 when Letchworth Garden City was responsible for 0.0% of all UK companies.
Year Letchworth Garden City 2014 0.0% 2013 0.0% 2012 0.0% 2011 0.0% 2010 0.0% Record Year (since 1960) 1991 (0.1%) Company Share by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 Letchworth Garden City formed 0.0% of all UK companies. This is the same as the 2013 figure of 0.0%.
Half Year (Jul-Dec) Letchworth Garden City 2014 0.0% 2013 0.0% 2012 0.0% 2011 0.0% 2010 0.0% Record Year (since 1960) 1991 (0.1%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
In the fourth quarter of 2014, Letchworth Garden City formed 0.0% of all UK companies.
fourth quarter (Oct 2014 - Dec 2014) Letchworth Garden City 2014 0.0% 2013 0.1% 2012 0.0% 2011 0.0% 2010 0.0% Record Year (since 1960) 1994 (0.1%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Company Share by Month
October November December UK formation share in 2014 0.0% 0.0% 0.0% UK formation share in 2013 0.1% 0.0% 0.1% % change -61.9% 0.5% -61.6% Record Year 1986 (0.1%) 1995 (0.1%) 1990 (0.1%)
Director Age
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Annual Data (2014)
The average age of a director in 2014 was 47.0.
The percentage of directors under the age of 25 was 8.1% compared to the UK figure of 4.0%.
The percentage of directors over the age of 65 was 2.2% compared to the UK figure of 4.0%.
Director Age by Year
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Half Year Data (Jul-Dec 2014)
The average age of a director in the second half of 2014 was 47.5.
The percentage of directors under the age of 25 was 8.6% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 3.2% compared to the UK figure of 4.5%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
The average age of a director in the fourth quarter of 2014 was 46.6.
The percentage of directors under the age of 25 was 6.9% compared to the UK figure of 3.8%.
The percentage of directors over the age of 65 was 3.1% compared to the UK figure of 4.5%.
Director Age by Quarter
Director Gender
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Annual Data (2014)
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 2014 was 27.8%. The average for the UK during this time was 26.1%
Director Gender by Year
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Half Year Data (Jul-Dec 2014)
The record second half year for female directors in Letchworth Garden City was 2008 when 31.1% of all directors were female.
28.6% of all director appointments in Letchworth Garden City in the second half of 2014 were female. This compares to a UK average of 26.1% for the same period.
Director Gender by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
The record fourth quarter for female directors in Letchworth Garden City was in 2005 when 30.6% of all directors were female.
29.8% of all director appointments in Letchworth Garden City in the fourth quarter of 2014 were female. This compares to a UK average of 25.8% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Dec 2013-Dec 2014)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage MANAGEMENT 2.01% CONSULTING 5.22% CONSULTING 1.79% MANAGEMENT 4.58% CONSULTANCY 0.89% CONSULTANCY 3.57% LETCHWORTH 0.89% PROPERTY 2.66% ASSOCIATES 0.89% CONSTRUCTION 2.12% DEVELOPMENTS 0.89% ENGINEERING 2.10% TECHNOLOGY 0.67% CARE 2.02% BUSINESS 0.67% TRADING 1.94% CONSTRUCTION 0.67% LONDON 1.93% IT 0.67% TRANSPORT 1.93% ACEDAG 0.45% DESIGN 1.66% FENCING 0.45% CONSULTANTS 1.64% PROPERTY 0.45% ELECTRICAL 1.62% JUST 0.45% PROPERTIES 1.62% HEALTH 0.45% BUSINESS 1.56% LONDON 0.45% J 1.54% RECRUITMENT 0.45% CO., 1.50% NAGRA 0.45% GLOBAL 1.49% DEVELOPMENT 0.45% INVESTMENTS 1.48% SPRAY 0.45% ASSOCIATES 1.47% HOUSE 0.45% DEVELOPMENTS 1.35% FINANCIAL 0.45% MEDIA 1.33% MUNDO 0.45% IT 1.31% G 0.45% BUILDING 1.29% PURPLE 0.45% M 1.22%
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 100 265,608 99999 - Dormant Company 36 48,509 70229 - Management consultancy activities other than financial management 23 42,290 82990 - Other business support service activities not elsewhere classified 20 58,068 62020 - Information technology consultancy activities 13 30,178 74909 - Other professional, scientific and technical activities not elsewhere classified 13 19,049 47910 - Retail sale via mail order houses or via Internet 9 10,107 68209 - Other letting and operating of own or leased real estate 9 11,212 96090 - Other service activities not elsewhere classified 8 29,009 62090 - Other information technology service activities 8 12,837 64304 - Activities of open-ended investment companies 8 306 62012 - Business and domestic software development 7 9,752 41100 - Development of building projects 7 11,397 74100 - specialised design activities 6 4,841 32990 - Other manufacturing not elsewhere classified 5 3,533 43210 - Electrical installation 5 5,985 85590 - Other education not elsewhere classified 4 6,206 56290 - Other food services 4 4,616 98000 - Residents property management 4 5,255 64209 - Activities of other holding companies not elsewhere classified 4 3,776
Recent Companies
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Randomly selected companies from this quarter
COMPANY NUMBER COMPANY NAME INCORPORATION DATE 09243054 DG CATERING LTD 01 Oct 2014 09250012 WILLIS ACEDAG LIMITED 06 Oct 2014 09257372 CLOTHES RECYCLED LIMITED 09 Oct 2014 09264925 LEYS CAFE LIMITED 15 Oct 2014 09267869 BB LETCHWORTH LIMITED 16 Oct 2014 09268142 STRENUUS TRAINING AND PROCUREMENT LTD 16 Oct 2014 09271919 CLOSEMINUTE LTD 20 Oct 2014 OC396061 THE FAIRLIGHT PROJECT LLP 23 Oct 2014 09278460 PHYS-CYCLE LTD 23 Oct 2014 09281780 SCHLUMPF LIMITED 27 Oct 2014 09285070 PARK CRESCENT CONSULTING LTD 29 Oct 2014 09289000 OLIVER SHUTTLEWORTH FINE ART LIMITED 30 Oct 2014 09289316 COLONY DESIGN LIMITED 31 Oct 2014 09289326 BOOMER IT LIMITED 31 Oct 2014