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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
    07617293 KASSIA LIMITED 28 Apr 2011
    07615930 EDM TECHNOLOGY LIMITED 27 Apr 2011
    07612836 BURGER CHEF LIMITED 21 Apr 2011
    07610369 THE PIANO MOVERS LIMITED 20 Apr 2011
    07609176 ASSET WEALTH MANAGERS LTD 19 Apr 2011
    07606982 TIBSO LIMITED 18 Apr 2011
    07604898 M-CORP CLEANING SERVICES (UK) LTD 14 Apr 2011
    07594963 T GOLMANTAS LTD 07 Apr 2011
    07592096 LINK4GROWTH LIMITED 05 Apr 2011
    OC363734 4X4 PARTS & SERVICE LLP 12 Apr 2011
    OC364115 INTERIM ALCHEMY LLP 26 Apr 2011
    07617781 JHZ LIMITED 28 Apr 2011
    07597362 CENTURION REFURBISHMENT LIMITED 08 Apr 2011
    07593313 NEW PREMISES LIMITED 06 Apr 2011
    07590326 SGEN INFOTECH LIMITED 04 Apr 2011
    07595761 INVESTMENT UNION BUILDERS LIMITED 07 Apr 2011
    07587982 CLYDEVIEW CARE HOME LIMITED 01 Apr 2011
    07603892 CALLED TO LEAD LTD 14 Apr 2011
    07600244 UNTAPPED MINDS LTD 12 Apr 2011
    07614861 CREAN LIMITED 26 Apr 2011
    07612552 TURTLED IT.COM LIMITED 21 Apr 2011
    07609462 WATFORD COMMUNITY ARTS FESTIVAL 19 Apr 2011
    07600718 ECODERS LTD 12 Apr 2011
    07598107 24-7 LUCENTE LTD 11 Apr 2011
    07587833 ASIEL CONSULTING LTD 01 Apr 2011