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Watford, Hertfordshire

2011 Half Year Business Confidence Report

Headlines

  • June 2011 saw a new record in company registrations in Watford when compared to any previous June.
  • May 2011 saw a new record in company registrations in Watford when compared to any previous May.
  • June 2011 saw a new record in net growth in Watford when compared to any previous June.

Contents

  1. New Company Registrations
  2. Closed Companies (dissolved)
  3. Net Company Growth
  4. UK Company Share
  5. Director Age
  6. Director Gender
  7. Naming Trends
  8. SIC Data
  9. Recent Companies

New Company Registrations

  1. Half Year Data (Jan-Jun 2011)

    In the first half of 2011 a total of 585 companies were formed in Watford. This figure is 7.7% higher than last year, which compares badly to the UK wide figure of 12.3%.

    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)WatfordUK
    2011585228,735
    2010543203,749
    % change7.7%12.3%
    Record Year2007 (1,021)2007 (279,097)
    New Companies by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2011)

    A total of 312 companies were registered in Watford during the second quarter of 2011 (Apr 2011 - Jun 2011).

    This figure is an increase of 27.3% versus the same period last year (Q2 2010). This figure compares well to the UK as a whole, which saw an increase of 13.9% against the same period last year.

    second quarter (Apr 2011 - Jun 2011)WatfordUK
    2011312112,344
    201024598,612
    % change27.3%13.9%
    Record Year 2007 (315) 2011 (112,344)
    New Companies by Quarter
  3. Monthly Data (Apr, May & Jun 2011)

    June 2011 saw a new record in company registrations in Watford when compared to any previous June.

    May 2011 saw a new record in company registrations in Watford when compared to any previous May.

    New Companies by Month
    AprilMayJune
    New companies in 201185113114
    New companies in 2010778781
    % change10.4%29.9%40.7%
    Record Year2007 (119)2011 (113)2011 (114)

Closed Companies (dissolved)

  1. Half Year Data (Jan-Jun 2011)

    In the first half of 2011 a total of 355 companies were dissolved in Watford. This figure is 21.5% lower than last year, which compares well to the UK wide change of -8.6%.

    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)WatfordUK
    2011355162,310
    2010452177,631
    % change-21.5%-8.6%
    Record Year2009 (1,352)2009 (289,236)
    Dissolved Companies by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2011)

    A total of 152 companies were dissolved in Watford during the second quarter of 2011 (Apr 2011 - Jun 2011).

    This figure is a decrease of 39.0% versus the same period last year (Q2 2010). This figure compares well to the UK as a whole, which saw a decrease of 24.9% against the same period last year.

    second quarter (Apr 2011 - Jun 2011)WatfordUK
    201115271,324
    201024994,954
    % change-39.0%-24.9%
    Record Year 2009 (728) 2009 (181,176)
    Dissolved Companies by Quarter
  3. Monthly Data (Apr, May & Jun 2011)

    Dissolved Companies by Month
    AprilMayJune
    Closed companies in 2011266759
    Closed companies in 2010559995
    % change-52.7%-32.3%-38%
    Record Year2009 (226)2009 (395)2009 (107)

Net Company Growth

  1. Half Year Data (Jan-Jun 2011)

    In the first half of 2011 the company register for Watford increased by 230 companies.

    Half Year (Jan-Jun)WatfordUK
    201123066,425
    20109126,118
    Record Year2007 (746)2007 (171,296)
    Net Growth by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2011)

    Net company growth for Watford during the second quarter of 2011 (Apr 2011 - Jun 2011) was 160 companies.

    second quarter (Apr 2011 - Jun 2011)WatfordUK
    201116041,020
    2010-43,658
    Record Year 2007 (181) 2003 (69,274)
    Net Growth by Quarter
  3. Monthly Data (Apr, May & Jun 2011)

    June 2011 saw a new record in net growth in Watford when compared to any previous June.

    Net Growth by Month
    AprilMayJune
    Net growth in 2011594655
    Net growth in 201022-12-14
    Record Year2007 (102)2000 (53)2011 (55)

UK Company Share

  1. Half Year Data (Jan-Jun 2011)

    In the first half of 2011 Watford formed 0.3% of all UK companies. This is the same as the 2010 figure of 0.3%.

    Half Year (Jan-Jun)Watford
    20110.3%
    20100.3%
    20090.2%
    20080.2%
    20070.4%
    Record Year (since 1960) 1966 (0.6%)
    Company Share by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2011)

    In the second quarter of 2011, Watford formed 0.3% of all UK companies.

    second quarter (Apr 2011 - Jun 2011)Watford
    20110.3%
    20100.2%
    20090.3%
    20080.2%
    20070.3%
    Record Year (since 1960) 1960 (0.8%)
    Company Share by Quarter
  3. Monthly Data (Apr, May & Jun 2011)

    Company Share by Month
    AprilMayJune
    UK formation share in 20110.2%0.3%0.3%
    UK formation share in 20100.2%0.3%0.2%
    % change6.8%2.3%24.7%
    Record Year1960 (1.0%)1965 (0.9%)1967 (1.1%)

Director Age

  1. Half Year Data (Jan-Jun 2011)

    The average age of a director in the first half of 2011 was 41.9.

    The percentage of directors under the age of 25 was 3.2% compared to the UK figure of 3.2%.

    The percentage of directors over the age of 65 was 3.3% compared to the UK figure of 4.3%.

    Director Age by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2011)

    The average age of a director in the second quarter of 2011 was 41.1.

    The percentage of directors under the age of 25 was 3.7% compared to the UK figure of 3.4%.

    The percentage of directors over the age of 65 was 4.0% compared to the UK figure of 4.3%.

    Director Age by Quarter

Director Gender

  1. Half Year Data (Jan-Jun 2011)

    The record first half year for female directors in Watford was 1857 when 40.0% of all directors were female.

    24.1% of all director appointments in Watford in the first half of 2011 were female. This compares to a UK average of 25.7% for the same period.

    Director Gender by Half Year
  2. Quarterly Data (Q2 Apr-Jun 2011)

    The record second quarter for female directors in Watford was in 1866 when 66.7% of all directors were female.

    26.4% of all director appointments in Watford in the second quarter of 2011 were female. This compares to a UK average of 26.1% for the same period.

    Director Gender by Quarter

Naming Trends

  1. Previous 12 months (Jun 2010-Jun 2011)

    Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.

    wordpercentageuk worduk percentage
    CONSULTING2.56%CONSULTING5.09%
    CONSULTANCY1.69%MANAGEMENT4.86%
    MANAGEMENT1.62%CONSULTANCY3.17%
    WATFORD1.06%PROPERTY2.43%
    GLOBAL0.81%TRADING2.05%
    MEDIA0.81%DESIGN1.94%
    CONSULTANTS0.81%ASSOCIATES1.92%
    TRADING0.75%BUSINESS1.87%
    IT0.69%CONSTRUCTION1.77%
    ELECTRICAL0.62%CONSULTANTS1.76%
    BUSINESS0.62%MEDIA1.73%
    BUILDING0.56%ENGINEERING1.67%
    CONSTRUCTION0.56%LONDON1.60%
    PROPERTY0.56%GLOBAL1.46%
    INVESTMENTS0.56%J1.44%
    SECURITY0.50%CARE1.44%
    INTERNATIONAL0.50%INVESTMENTS1.42%
    MARKETING0.50%IT1.39%
    NEW0.44%BUILDING1.32%
    GREEN0.44%PROPERTIES1.31%
    J0.44%ELECTRICAL1.30%
    P0.44%M1.27%
    SYSTEMS0.44%S1.23%
    LONDON0.44%ENTERPRISES1.20%
    ENTERPRISE0.44%SYSTEMS1.20%

SIC Data

  1. Previous 36 months, excluding companies less than 12 months old

    sic codenumber of companiesuk companies
    None Supplied463202,072
    7487 - Other business activities11460,758
    70229 - Management consultancy activities other than financial management8716,419
    9999 - Dormant Company6220,111
    7414 - Business & management consultancy5513,053
    82990 - Other business support service activities not elsewhere classified5430,647
    7222 - Other software consultancy and supply497,143
    62020 - Information technology consultancy activities4410,545
    99999 - Dormant Company3318,918
    96090 - Other service activities not elsewhere classified3010,322
    7499 - Non-trading company2810,955
    62090 - Other information technology service activities287,095
    7260 - Other computer related activities287,849
    69201 - Accounting and auditing activities223,394
    74990 - Non-trading company208,481
    4521 - General construction & civil engineering195,928
    74909 - Other professional, scientific and technical activities not elsewhere classified177,835
    9305 - Other service activities159,063
    43210 - Electrical installation143,085
    4531 - Installation electrical wiring etc.142,037

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    07656015 WIC CONSULTING LIMITED 02 Jun 2011
    07655495 MAIRO LIMITED 02 Jun 2011
    07662713 ETON PORTFOLIO LTD 08 Jun 2011
    07667185 NEW HOPE RETAIL LTD 13 Jun 2011
    07673261 BRIGHT SOURCE VENTURES LIMITED 17 Jun 2011
    07676041 STEP VENTURES LIMITED 21 Jun 2011
    07679265 I.E. ANALYTICS LIMITED 22 Jun 2011
    07684672 ROCOFINITI LTD 28 Jun 2011
    07685360 AFFINITURE INVESTMENTS LIMITED 28 Jun 2011
    07662365 SYNDICATED INVESTMENTS LTD 08 Jun 2011
    07666041 WATFORD FLOORING LIMITED 10 Jun 2011
    07667760 TRUEBUILD COMPLETE BUILDING SERVICES LTD 13 Jun 2011
    07670185 LIBAAN LTD 15 Jun 2011
    07683578 QUICK RELEASE LIMITED 27 Jun 2011
    07688148 AAYUSH TECHNOLOGIES LTD 30 Jun 2011
    07659090 CHRIST FIRST WATFORD 06 Jun 2011
    07664056 SWEDISHWOOD AUDIO LIMITED 09 Jun 2011
    07674381 CUTETECH LTD 20 Jun 2011
    07680608 KRISH CONSULTING LIMITED 23 Jun 2011
    07684725 JS PHARMSERVE LIMITED 28 Jun 2011
    07674253 SAMOSA STALL LIMITED 20 Jun 2011
    07676806 ROBSON'S CONSTRUCTION LTD 21 Jun 2011
    07677949 NOVITEK LIMITED 22 Jun 2011
    07684934 ICELY DONE LIMITED 28 Jun 2011
    07655125 ACTIVE24/7 SECURITY UK LTD 02 Jun 2011