Watford, Hertfordshire
2010 Half Year Business Confidence Report
Contents
New Company Registrations
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Half Year Data (Jan-Jun 2010)
In the first half of 2010 a total of 543 companies were formed in Watford. This figure is 24.3% higher than last year, which compares well to the UK wide figure of 11.9%.
The highest total for a first half year in Watford occurred in 2007 when a total of 1,021 were formed.
Half Year (Jan-Jun) Watford UK 2010 543 203,749 2009 437 182,021 % change 24.3% 11.9% Record Year 2007 (1,021) 2007 (279,097) New Companies by Half Year
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Quarterly Data (Q2 Apr-Jun 2010)
A total of 245 companies were registered in Watford during the second quarter of 2010 (Apr 2010 - Jun 2010).
This figure is an increase of 5.2% versus the same period last year (Q2 2009). This figure compares equally to the UK as a whole, which saw an increase of 8.4% against the same period last year.
second quarter (Apr 2010 - Jun 2010) Watford UK 2010 245 98,612 2009 233 90,987 % change 5.2% 8.4% Record Year 2007 (315) 2007 (112,283) New Companies by Quarter
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Monthly Data (Apr, May & Jun 2010)
New Companies by Month
April May June New companies in 2010 77 87 81 New companies in 2009 71 67 95 % change 8.5% 29.9% -14.7% Record Year 2007 (119) 2007 (103) 2006 (107)
Closed Companies (dissolved)
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Half Year Data (Jan-Jun 2010)
In the first half of 2010 a total of 452 companies were dissolved in Watford. This figure is 66.6% lower than last year, which compares well to the UK wide change of -38.6%.
The highest total for a first half year in Watford occurred in 2009 when a total of 1,352 were closed.
Half Year (Jan-Jun) Watford UK 2010 452 177,631 2009 1,352 289,236 % change -66.6% -38.6% Record Year 2009 (1,352) 2009 (289,236) Dissolved Companies by Half Year
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Quarterly Data (Q2 Apr-Jun 2010)
A total of 249 companies were dissolved in Watford during the second quarter of 2010 (Apr 2010 - Jun 2010).
This figure is a decrease of 65.8% versus the same period last year (Q2 2009). This figure compares well to the UK as a whole, which saw a decrease of 47.6% against the same period last year.
second quarter (Apr 2010 - Jun 2010) Watford UK 2010 249 94,954 2009 728 181,176 % change -65.8% -47.6% Record Year 2009 (728) 2009 (181,176) Dissolved Companies by Quarter
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Monthly Data (Apr, May & Jun 2010)
Dissolved Companies by Month
April May June Closed companies in 2010 55 99 95 Closed companies in 2009 226 395 107 % change -75.7% -74.9% -11% Record Year 2009 (226) 2009 (395) 2009 (107)
Net Company Growth
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Half Year Data (Jan-Jun 2010)
In the first half of 2010 the company register for Watford increased by 91 companies.
Half Year (Jan-Jun) Watford UK 2010 91 26,118 2009 -915 -107,215 Record Year 2007 (746) 2007 (171,296) Net Growth by Half Year
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Quarterly Data (Q2 Apr-Jun 2010)
Net company growth for Watford during the second quarter of 2010 (Apr 2010 - Jun 2010) was -4 companies.
second quarter (Apr 2010 - Jun 2010) Watford UK 2010 -4 3,658 2009 -495 -90,189 Record Year 2007 (181) 2003 (69,274) Net Growth by Quarter
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Monthly Data (Apr, May & Jun 2010)
Net Growth by Month
April May June Net growth in 2010 22 -12 -14 Net growth in 2009 -155 -328 -12 Record Year 2007 (102) 2000 (53) 2006 (54)
UK Company Share
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Half Year Data (Jan-Jun 2010)
In the first half of 2010 Watford formed 0.3% of all UK companies. This is more than the 2009 figure of 0.2%.
Half Year (Jan-Jun) Watford 2010 0.3% 2009 0.2% 2008 0.2% 2007 0.4% 2006 0.3% Record Year (since 1960) 1966 (0.6%) Company Share by Half Year
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Quarterly Data (Q2 Apr-Jun 2010)
In the second quarter of 2010, Watford formed 0.2% of all UK companies.
second quarter (Apr 2010 - Jun 2010) Watford 2010 0.2% 2009 0.3% 2008 0.2% 2007 0.3% 2006 0.3% Record Year (since 1960) 1960 (0.8%) Company Share by Quarter
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Monthly Data (Apr, May & Jun 2010)
Company Share by Month
April May June UK formation share in 2010 0.2% 0.3% 0.2% UK formation share in 2009 0.2% 0.2% 0.3% % change -0.2% 23.8% -23.3% Record Year 1960 (1.0%) 1965 (0.9%) 1967 (1.1%)
Director Age
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Half Year Data (Jan-Jun 2010)
The average age of a director in the first half of 2010 was 42.4.
The percentage of directors under the age of 25 was 1.3% compared to the UK figure of 2.1%.
The percentage of directors over the age of 65 was 3.1% compared to the UK figure of 4.7%.
Director Age by Half Year
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Quarterly Data (Q2 Apr-Jun 2010)
The average age of a director in the second quarter of 2010 was 42.3.
The percentage of directors under the age of 25 was 2.0% compared to the UK figure of 2.3%.
The percentage of directors over the age of 65 was 2.9% compared to the UK figure of 4.4%.
Director Age by Quarter
Director Gender
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Half Year Data (Jan-Jun 2010)
The record first half year for female directors in Watford was 1857 when 40.0% of all directors were female.
24.9% of all director appointments in Watford in the first half of 2010 were female. This compares to a UK average of 24.9% for the same period.
Director Gender by Half Year
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Quarterly Data (Q2 Apr-Jun 2010)
The record second quarter for female directors in Watford was in 1866 when 66.7% of all directors were female.
24.6% of all director appointments in Watford in the second quarter of 2010 were female. This compares to a UK average of 25.1% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Jun 2009-Jun 2010)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage CONSULTING 2.45% MANAGEMENT 5.01% CONSULTANCY 1.70% CONSULTING 4.79% MANAGEMENT 1.50% CONSULTANCY 3.02% IT 1.23% PROPERTY 2.40% CONSULTANTS 1.02% ASSOCIATES 2.02% TRADING 0.95% TRADING 2.01% CARE 0.68% DESIGN 1.91% J 0.68% CONSTRUCTION 1.85% CONSTRUCTION 0.61% MEDIA 1.80% GLOBAL 0.61% BUSINESS 1.75% DESIGN 0.54% CONSULTANTS 1.71% SERVICE 0.54% INTERNATIONAL 1.59% BUILDING 0.54% ENGINEERING 1.56% B 0.48% LONDON 1.52% LONDON 0.48% INVESTMENTS 1.49% CLEANING 0.48% J 1.46% WATFORD 0.48% CARE 1.41% BUSINESS 0.48% GLOBAL 1.39% SECURITY 0.48% PROPERTIES 1.35% M 0.48% BUILDING 1.33% CARS 0.41% M 1.29% CO 0.41% IT 1.28% S 0.41% ELECTRICAL 1.27% MARKETING 0.41% GROUP 1.25% C 0.41% DEVELOPMENTS 1.25%
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 523 207,125 55100 - Hotels and similar accommodation 139 793 7487 - Other business activities 127 68,525 7414 - Business & management consultancy 67 14,598 9999 - Dormant Company 60 19,842 70229 - Management consultancy activities other than financial management 52 13,490 7222 - Other software consultancy and supply 51 8,285 82990 - Other business support service activities not elsewhere classified 45 25,942 4521 - General construction & civil engineering 41 8,262 62020 - Information technology consultancy activities 37 8,590 7499 - Non-trading company 34 13,997 7260 - Other computer related activities 30 9,122 62090 - Other information technology service activities 25 5,854 9305 - Other service activities 24 8,822 99999 - Dormant Company 21 14,342 7011 - Development & sell real estate 20 4,579 96090 - Other service activities not elsewhere classified 16 7,922 4531 - Installation electrical wiring etc. 15 2,504 7412 - Accounting, auditing; tax consult 14 2,571 43210 - Electrical installation 12 2,859
Recent Companies
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Randomly selected companies from this quarter
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