Watford, Hertfordshire
Q3 2010 Business Confidence Report
Headlines
- July 2010 saw a new record in company closures in Watford when compared to any previous July.
Contents
New Company Registrations
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Quarterly Data (Q3 Jul-Sep 2010)
A total of 230 companies were registered in Watford during the third quarter of 2010 (Jul 2010 - Sep 2010).
This figure is an increase of 3.6% versus the same period last year (Q3 2009). This figure compares badly to the UK as a whole, which saw an increase of 7.2% against the same period last year.
third quarter (Jul 2010 - Sep 2010) Watford UK 2010 230 101,492 2009 222 94,671 % change 3.6% 7.2% Record Year 2006 (305) 2003 (107,203) New Companies by Quarter
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Monthly Data (Jul, Aug & Sep 2010)
New Companies by Month
July August September New companies in 2010 72 71 87 New companies in 2009 83 68 71 % change -13.3% 4.4% 22.5% Record Year 2004 (103) 2006 (97) 2006 (121)
Closed Companies (dissolved)
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Quarterly Data (Q3 Jul-Sep 2010)
A total of 227 companies were dissolved in Watford during the third quarter of 2010 (Jul 2010 - Sep 2010).
This figure is a decrease of 37.6% versus the same period last year (Q3 2009). This figure compares poorly to the UK as a whole, which saw a decrease of 45.0% against the same period last year.
third quarter (Jul 2010 - Sep 2010) Watford UK 2010 227 87,705 2009 364 159,401 % change -37.6% -45.0% Record Year 2009 (364) 2009 (159,401) Dissolved Companies by Quarter
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Monthly Data (Jul, Aug & Sep 2010)
July 2010 saw a new record in company closures in Watford when compared to any previous July.
Dissolved Companies by Month
July August September Closed companies in 2010 71 87 69 Closed companies in 2009 44 115 205 % change 61.4% -24.3% -66% Record Year 2010 (71) 2008 (154) 2009 (205)
Net Company Growth
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Quarterly Data (Q3 Jul-Sep 2010)
Net company growth for Watford during the third quarter of 2010 (Jul 2010 - Sep 2010) was 3 companies.
third quarter (Jul 2010 - Sep 2010) Watford UK 2010 3 13,787 2009 -142 -64,730 Record Year 2006 (179) 2003 (60,597) Net Growth by Quarter
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Monthly Data (Jul, Aug & Sep 2010)
Net Growth by Month
July August September Net growth in 2010 1 -16 18 Net growth in 2009 39 -47 -134 Record Year 2004 (68) 2006 (45) 2006 (90)
UK Company Share
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Quarterly Data (Q3 Jul-Sep 2010)
In the third quarter of 2010, Watford formed 0.2% of all UK companies.
third quarter (Jul 2010 - Sep 2010) Watford 2010 0.2% 2009 0.2% 2008 0.3% 2007 0.2% 2006 0.3% Record Year (since 1960) 1973 (0.9%) Company Share by Quarter
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Monthly Data (Jul, Aug & Sep 2010)
Company Share by Month
July August September UK formation share in 2010 0.2% 0.2% 0.2% UK formation share in 2009 0.3% 0.2% 0.2% % change -19.3% -5.2% 17.5% Record Year 1973 (1.3%) 1964 (1.1%) 1970 (1.0%)
Director Age
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Quarterly Data (Q3 Jul-Sep 2010)
The average age of a director in the third quarter of 2010 was 44.9.
The percentage of directors under the age of 25 was 1.1% compared to the UK figure of 2.7%.
The percentage of directors over the age of 65 was 4.4% compared to the UK figure of 4.4%.
Director Age by Quarter
Director Gender
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Quarterly Data (Q3 Jul-Sep 2010)
The record third quarter for female directors in Watford was in 1862 when 50.0% of all directors were female.
29.2% of all director appointments in Watford in the third quarter of 2010 were female. This compares to a UK average of 25.2% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Sep 2009-Sep 2010)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage CONSULTING 2.63% MANAGEMENT 5.06% CONSULTANCY 1.82% CONSULTING 4.99% MANAGEMENT 1.69% CONSULTANCY 3.12% CONSULTANTS 1.28% PROPERTY 2.38% IT 1.15% TRADING 2.04% TRADING 1.01% ASSOCIATES 2.01% J 0.88% DESIGN 1.93% GLOBAL 0.81% CONSTRUCTION 1.86% WATFORD 0.67% BUSINESS 1.80% CONSTRUCTION 0.61% MEDIA 1.75% CARE 0.61% CONSULTANTS 1.73% SERVICE 0.61% LONDON 1.59% MEDIA 0.61% ENGINEERING 1.59% SECURITY 0.54% INVESTMENTS 1.49% DESIGN 0.54% CARE 1.44% BUSINESS 0.54% J 1.44% BUILDING 0.54% INTERNATIONAL 1.43% B 0.47% GLOBAL 1.42% PROJECTS 0.40% IT 1.35% PROJECT 0.40% PROPERTIES 1.35% M 0.40% BUILDING 1.32% RECRUITMENT 0.40% ELECTRICAL 1.30% PROPERTIES 0.40% M 1.28% ELECTRICAL 0.40% SYSTEMS 1.26% PROPERTY 0.40% S 1.24%
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 508 202,902 55100 - Hotels and similar accommodation 139 760 7487 - Other business activities 132 69,802 7414 - Business & management consultancy 65 14,940 9999 - Dormant Company 65 21,484 70229 - Management consultancy activities other than financial management 52 13,161 7222 - Other software consultancy and supply 51 8,183 82990 - Other business support service activities not elsewhere classified 44 25,053 62020 - Information technology consultancy activities 37 8,292 7499 - Non-trading company 34 13,408 7260 - Other computer related activities 30 8,967 4521 - General construction & civil engineering 29 7,634 9305 - Other service activities 24 9,454 99999 - Dormant Company 23 14,072 62090 - Other information technology service activities 22 5,716 96090 - Other service activities not elsewhere classified 16 7,767 4531 - Installation electrical wiring etc. 16 2,440 7412 - Accounting, auditing; tax consult 12 2,672 43210 - Electrical installation 12 2,747 7011 - Development & sell real estate 11 3,743
Recent Companies
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Randomly selected companies from this quarter
COMPANY NUMBER COMPANY NAME INCORPORATION DATE 07329507 HENRY HAULAGE LIMITED 28 Jul 2010 07327503 RAZORSHARP CLOTHING LTD 27 Jul 2010 07325692 KAGISO GIS & ITC SOLUTIONS LTD 26 Jul 2010 07321838 TARM SOLUTIONS LTD 21 Jul 2010 07318963 THE INTERNET LOUNGE LTD 19 Jul 2010 07317632 CURRENT DESIGN PROJECTS LIMITED 16 Jul 2010 07315320 BLUSOK ELECTRICAL LIMITED 15 Jul 2010 07314891 AIREDOM LIMITED 14 Jul 2010 07314426 OCHI MANAGEMENT LIMITED 14 Jul 2010 07311280 SERENITY NATURAL MASSAGE LIMITED 12 Jul 2010 07306264 WEYHILL ESTABLISHMENT LIMITED 06 Jul 2010 07305938 LOCK AND STOCK STUDIOS LIMITED 06 Jul 2010 07305691 AHG RECRUITMENT LIMITED 06 Jul 2010 07305175 GOLDSMITH HR SERVICES LIMITED 06 Jul 2010 07305019 SILVERLINING ACCOUNTANCY LTD 06 Jul 2010 07325123 QUILLS MEDIA PRODUCTION LTD 24 Jul 2010 07315323 LIBER ENERGY LIMITED 15 Jul 2010 07305728 KIRTLEY SECURITY LTD 06 Jul 2010 OC356352 MARKKA LLP 09 Jul 2010 07320637 CODE ONE MEDIA LIMITED 20 Jul 2010 OC356561 TRADE SIGNALLER LLP 20 Jul 2010 07305096 ARK RUGS LTD. 06 Jul 2010 07302651 INTEGRATION INFORMATION LTD 02 Jul 2010 07331501 PEYTON PLACE LTD 30 Jul 2010 07321442 UNIK ACCOUNTANCY SERVICES LTD 21 Jul 2010
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