Watford, Hertfordshire
2010 Annual Business Confidence Report
Headlines
- October 2010 saw a new record in company closures in Watford when compared to any previous October.
Contents
New Company Registrations
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Annual Data (2010)
A total of 1,012 companies were formed in Watford in 2010. This total is 20.0% higher than in 2009 and compares favourably to the UK figure of a 10.4% growth compared to 362,675 the previous year.
Year Watford UK 2010 1,012 400,358 2009 843 362,675 2008 849 349,203 2007 1,607 457,649 2006 1,163 405,440 Record Year 2007 (1,607) 2007 (457,649) New Companies by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 a total of 469 companies were formed in Watford. This figure is 15.5% higher than last year, which compares well to the UK wide figure of 8.8%.
The highest total for a second half year in Watford occurred in 2006 when a total of 599 were formed.
Half Year (Jul-Dec) Watford UK 2010 469 196,609 2009 406 180,654 % change 15.5% 8.8% Record Year 2006 (599) 2003 (201,446) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
A total of 239 companies were registered in Watford during the fourth quarter of 2010 (Oct 2010 - Dec 2010).
This figure is an increase of 29.9% versus the same period last year (Q4 2009). This figure compares well to the UK as a whole, which saw an increase of 10.6% against the same period last year.
fourth quarter (Oct 2010 - Dec 2010) Watford UK 2010 239 95,117 2009 184 85,983 % change 29.9% 10.6% Record Year 2007 (361) 2010 (95,117) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
New Companies by Month
October November December New companies in 2010 88 83 68 New companies in 2009 66 61 57 % change 33.3% 36.1% 19.3% Record Year 2007 (231) 2006 (106) 2006 (106)
Closed Companies (dissolved)
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Annual Data (2010)
A total of 881 companies were dissolved in Watford in 2010. This total is 54.1% lower than in 2009 and compares unfavourably to the UK figure of 35.9% decrease compared to the previous year.
Year Watford UK 2010 881 342,232 2009 1,919 533,773 2008 779 237,901 2007 587 220,295 2006 491 200,166 Record Year 2009 (1,919) 2009 (533,773) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 a total of 429 companies were dissolved in Watford. This figure is 24.3% lower than last year, which compares badly to the UK wide change of -32.7%.
The highest total for a second half year in Watford occurred in 2009 when a total of 567 were closed.
Half Year (Jul-Dec) Watford UK 2010 429 164,601 2009 567 244,537 % change -24.3% -32.7% Record Year 2009 (567) 2009 (244,537) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
A total of 202 companies were dissolved in Watford during the fourth quarter of 2010 (Oct 2010 - Dec 2010).
This figure is a decrease of 0.5% versus the same period last year (Q4 2009). This figure compares poorly to the UK as a whole, which saw a decrease of 9.7% against the same period last year.
fourth quarter (Oct 2010 - Dec 2010) Watford UK 2010 202 76,896 2009 203 85,136 % change -0.5% -9.7% Record Year 2008 (254) 2009 (85,136) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
October 2010 saw a new record in company closures in Watford when compared to any previous October.
Dissolved Companies by Month
October November December Closed companies in 2010 84 80 38 Closed companies in 2009 56 80 67 % change 50.0% 0.0% -43% Record Year 2010 (84) 2008 (124) 2008 (89)
Net Company Growth
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Annual Data (2010)
A total of 131 companies were added to the company register for Watford in 2010. This number represents growth of 15.5% in the total number of active companies, which compares unfavourably to the UK figure of 16.0%.
This number is 1,207 companies higher than the previous year.
The highest net company growth figure ever seen in one year came in 2007 when the Watford company register grew by 1,020 companies.
Year Watford UK 2010 131 58,126 2009 -1,076 -171,098 2008 70 111,302 2007 1,020 237,354 2006 672 205,274 Record Year 2007 (1,020) 2003 (242,543) Net Growth by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 the company register for Watford increased by 40 companies.
Half Year (Jul-Dec) Watford UK 2010 40 32,008 2009 -161 -63,883 Record Year 2006 (360) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
Net company growth for Watford during the fourth quarter of 2010 (Oct 2010 - Dec 2010) was 37 companies.
fourth quarter (Oct 2010 - Dec 2010) Watford UK 2010 37 18,221 2009 -19 847 Record Year 2007 (184) 2003 (57,175) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
Net Growth by Month
October November December Net growth in 2010 4 3 30 Net growth in 2009 10 -19 -10 Record Year 2007 (168) 2006 (65) 2006 (88)
UK Company Share
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Annual Data (2010)
In 2010 Watford formed 0.3% of all UK companies. This is an improvement on 2009 when Watford was responsible for 0.2% of all UK companies.
Year Watford 2010 0.3% 2009 0.2% 2008 0.2% 2007 0.4% 2006 0.3% Record Year (since 1960) 1962 (0.7%) Company Share by Year
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Half Year Data (Jul-Dec 2010)
In the second half of 2010 Watford formed 0.2% of all UK companies. This is the same as the 2009 figure of 0.2%.
Half Year (Jul-Dec) Watford 2010 0.2% 2009 0.2% 2008 0.3% 2007 0.3% 2006 0.3% Record Year (since 1960) 1962 (0.8%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
In the fourth quarter of 2010, Watford formed 0.3% of all UK companies.
fourth quarter (Oct 2010 - Dec 2010) Watford 2010 0.3% 2009 0.2% 2008 0.3% 2007 0.4% 2006 0.3% Record Year (since 1960) 1962 (1.0%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2010)
Company Share by Month
October November December UK formation share in 2010 0.3% 0.2% 0.3% UK formation share in 2009 0.2% 0.2% 0.2% % change 16.8% 21.6% 13.5% Record Year 1962 (1.9%) 1970 (1.0%) 1966 (0.9%)
Director Age
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Annual Data (2010)
The average age of a director in 2010 was 42.9.
The percentage of directors under the age of 25 was 1.9% compared to the UK figure of 2.5%.
The percentage of directors over the age of 65 was 3.2% compared to the UK figure of 4.5%.
Director Age by Year
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Half Year Data (Jul-Dec 2010)
The average age of a director in the second half of 2010 was 43.4.
The percentage of directors under the age of 25 was 2.5% compared to the UK figure of 2.8%.
The percentage of directors over the age of 65 was 3.4% compared to the UK figure of 4.4%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
The average age of a director in the fourth quarter of 2010 was 41.7.
The percentage of directors under the age of 25 was 4.1% compared to the UK figure of 3.0%.
The percentage of directors over the age of 65 was 2.2% compared to the UK figure of 4.4%.
Director Age by Quarter
Director Gender
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Annual Data (2010)
The record year for female directors in Watford was 1857 when 36.4% of all directors were female.
The percentage of female directors in Watford in 2010 was 23.8%. The average for the UK during this time was 26.2%
Director Gender by Year
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Half Year Data (Jul-Dec 2010)
The record second half year for female directors in Watford was 1860 when 42.9% of all directors were female.
29.8% of all director appointments in Watford in the second half of 2010 were female. This compares to a UK average of 25.0% for the same period.
Director Gender by Half Year
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Quarterly Data (Q4 Oct-Dec 2010)
The record fourth quarter for female directors in Watford was in 1977 when 31.1% of all directors were female.
30.4% of all director appointments in Watford in the fourth quarter of 2010 were female. This compares to a UK average of 24.7% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Dec 2009-Dec 2010)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage CONSULTING 2.63% CONSULTING 5.06% CONSULTANCY 1.67% MANAGEMENT 5.01% MANAGEMENT 1.35% CONSULTANCY 3.14% CONSULTANTS 1.16% PROPERTY 2.36% TRADING 1.03% TRADING 2.11% GLOBAL 0.83% ASSOCIATES 1.95% IT 0.77% DESIGN 1.92% SECURITY 0.71% BUSINESS 1.82% J 0.71% CONSTRUCTION 1.82% MEDIA 0.71% CONSULTANTS 1.76% BUSINESS 0.71% MEDIA 1.71% WATFORD 0.64% ENGINEERING 1.62% ELECTRICAL 0.51% LONDON 1.60% CONSTRUCTION 0.51% CARE 1.45% SYSTEMS 0.51% INVESTMENTS 1.44% BUILDING 0.51% GLOBAL 1.43% CARE 0.51% J 1.42% ASSOCIATES 0.45% IT 1.41% M 0.45% PROPERTIES 1.34% PROPERTIES 0.45% INTERNATIONAL 1.34% INTERNATIONAL 0.45% BUILDING 1.34% DESIGN 0.45% M 1.30% CLEANING 0.45% ELECTRICAL 1.25% RECRUITMENT 0.39% SYSTEMS 1.24% MEDICAL 0.39% S 1.23%
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 468 199,572 7487 - Other business activities 117 63,348 70229 - Management consultancy activities other than financial management 60 14,505 7414 - Business & management consultancy 58 13,474 9999 - Dormant Company 58 20,144 82990 - Other business support service activities not elsewhere classified 50 27,550 7222 - Other software consultancy and supply 48 7,298 62020 - Information technology consultancy activities 38 9,177 7499 - Non-trading company 30 12,000 7260 - Other computer related activities 28 8,089 62090 - Other information technology service activities 27 6,330 99999 - Dormant Company 25 16,285 96090 - Other service activities not elsewhere classified 21 8,799 9305 - Other service activities 21 8,858 4521 - General construction & civil engineering 19 6,598 4531 - Installation electrical wiring etc. 16 2,170 74990 - Non-trading company 12 8,243 43210 - Electrical installation 12 2,980 55100 - Hotels and similar accommodation 12 643 69201 - Accounting and auditing activities 11 3,088
Recent Companies
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Randomly selected companies from this quarter
COMPANY NUMBER COMPANY NAME INCORPORATION DATE 07476202 PROPERTY121 LTD 22 Dec 2010 07471854 POLYPOUCH ( UK ) LTD 16 Dec 2010 07470615 HARROW BUSINESS SERVICES LIMITED 15 Dec 2010 07455932 HERTFORDSHIRE DYSPHAGIA SERVICES LIMITED 01 Dec 2010 07479708 JEWEL SYSTEMS LIMITED 30 Dec 2010 07476659 SANDPLUS LTD 22 Dec 2010 07476638 TRANSFIGHT LTD 22 Dec 2010 07464869 MJT COSTS LIMITED 09 Dec 2010 07459344 THE MORE THE CHEAPER LIMITED 03 Dec 2010 07457648 ALJORDANOV LTD 02 Dec 2010 OC360312 BLACKFISH WINE LLP 15 Dec 2010 07480251 SCOPE TECHNICAL SOLUTIONS LIMITED 31 Dec 2010 07478488 PORTALDOCS LIMITED 29 Dec 2010 07468719 HANOVER MEDICAL LTD 14 Dec 2010 07458794 WATFORD SIGNS LIMITED 02 Dec 2010 07457985 HHF TRADING LIMITED 02 Dec 2010 07457614 SPEAR FABRICS LIMITED 02 Dec 2010 07456030 ALLSORTED LTD 01 Dec 2010 07479821 CRYSTEL SERVICES LTD 30 Dec 2010 07471538 JEAN PARFUMS MARKETING LTD 16 Dec 2010 07471479 JEAN PARFUMS WORLDWIDE LTD 16 Dec 2010 07463058 FGW (SERVICES) LTD 07 Dec 2010 07462067 HILTON WORLDWIDE MANAGE LIMITED 07 Dec 2010 07477994 GLOBETROTTER INSULATION LTD 23 Dec 2010 07477852 UK SCRAP METAL LIMITED 23 Dec 2010
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