Watford, Hertfordshire
2012 Annual Business Confidence Report
Headlines
- October 2012 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 (2012)
A total of 1,165 companies were formed in Watford in 2012. This total is 4.2% higher than in 2011 and compares poorly to the UK figure of a 8.6% growth compared to 452,870 the previous year.
Year Watford UK 2012 1,165 491,893 2011 1,118 452,870 2010 1,012 400,358 2009 843 362,675 2008 849 349,203 Record Year 2007 (1,607) 2012 (491,893) New Companies by Year
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Half Year Data (Jul-Dec 2012)
In the second half of 2012 a total of 548 companies were formed in Watford. This figure is 2.8% higher than last year, which compares badly to the UK wide figure of 6.5%.
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 2012 548 238,743 2011 533 224,135 % change 2.8% 6.5% Record Year 2006 (599) 2012 (238,743) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
A total of 258 companies were registered in Watford during the fourth quarter of 2012 (Oct 2012 - Dec 2012).
This figure is an increase of 0.4% versus the same period last year (Q4 2011). This figure compares badly to the UK as a whole, which saw an increase of 9.4% against the same period last year.
fourth quarter (Oct 2012 - Dec 2012) Watford UK 2012 258 119,875 2011 257 109,623 % change 0.4% 9.4% Record Year 2007 (361) 2012 (119,875) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2012)
New Companies by Month
October November December New companies in 2012 113 69 76 New companies in 2011 72 112 73 % change 56.9% -38.4% 4.1% Record Year 2007 (231) 2011 (112) 2006 (106)
Closed Companies (dissolved)
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Annual Data (2012)
A total of 775 companies were dissolved in Watford in 2012. This total is 4.9% higher than in 2011 and compares favourably to the UK figure of 6.6% decrease compared to the previous year.
Year Watford UK 2012 775 293,728 2011 739 314,524 2010 883 342,233 2009 1,920 533,787 2008 783 237,873 Record Year 2009 (1,920) 2009 (533,787) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2012)
In the second half of 2012 a total of 401 companies were dissolved in Watford. This figure is 4.7% higher than last year, which compares badly to the UK wide change of -4.1%.
The highest total for a second half year in Watford occurred in 2009 when a total of 566 were closed.
Half Year (Jul-Dec) Watford UK 2012 401 145,934 2011 383 152,213 % change 4.7% -4.1% Record Year 2009 (566) 2009 (244,543) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
A total of 185 companies were dissolved in Watford during the fourth quarter of 2012 (Oct 2012 - Dec 2012).
This figure is a decrease of 7.5% versus the same period last year (Q4 2011). This figure compares poorly to the UK as a whole, which saw a decrease of 12.4% against the same period last year.
fourth quarter (Oct 2012 - Dec 2012) Watford UK 2012 185 70,026 2011 200 79,983 % change -7.5% -12.4% Record Year 2008 (255) 2009 (85,139) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2012)
October 2012 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 2012 93 52 40 Closed companies in 2011 46 78 76 % change 102.2% -33.3% -47% Record Year 2012 (93) 2008 (125) 2008 (89)
Net Company Growth
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Annual Data (2012)
A total of 390 companies were added to the company register for Watford in 2012. This number represents growth of 34.9% in the total number of active companies, which compares unfavourably to the UK figure of 43.8%.
This number is 11 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 2012 390 198,165 2011 379 138,346 2010 129 58,125 2009 -1,077 -171,112 2008 66 111,330 Record Year 2007 (1,020) 2003 (242,541) Net Growth by Year
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Half Year Data (Jul-Dec 2012)
In the second half of 2012 the company register for Watford increased by 147 companies.
Half Year (Jul-Dec) Watford UK 2012 147 92,809 2011 150 71,922 Record Year 2006 (359) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
Net company growth for Watford during the fourth quarter of 2012 (Oct 2012 - Dec 2012) was 73 companies.
fourth quarter (Oct 2012 - Dec 2012) Watford UK 2012 73 49,849 2011 57 29,640 Record Year 2007 (185) 2003 (57,175) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2012)
Net Growth by Month
October November December Net growth in 2012 20 17 36 Net growth in 2011 26 34 -3 Record Year 2007 (168) 2006 (66) 2006 (88)
UK Company Share
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Annual Data (2012)
In 2012 Watford formed 0.2% of all UK companies. This is no change on 2011 when Watford was responsible for 0.2% of all UK companies.
Year Watford 2012 0.2% 2011 0.2% 2010 0.3% 2009 0.2% 2008 0.2% Record Year (since 1960) 1962 (0.7%) Company Share by Year
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Half Year Data (Jul-Dec 2012)
In the second half of 2012 Watford formed 0.2% of all UK companies. This is the same as the 2011 figure of 0.2%.
Half Year (Jul-Dec) Watford 2012 0.2% 2011 0.2% 2010 0.2% 2009 0.2% 2008 0.3% Record Year (since 1960) 1962 (0.8%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
In the fourth quarter of 2012, Watford formed 0.2% of all UK companies.
fourth quarter (Oct 2012 - Dec 2012) Watford 2012 0.2% 2011 0.2% 2010 0.3% 2009 0.2% 2008 0.3% Record Year (since 1960) 1962 (1.0%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2012)
Company Share by Month
October November December UK formation share in 2012 0.2% 0.2% 0.2% UK formation share in 2011 0.2% 0.3% 0.2% % change 31.9% -41.4% 1.3% Record Year 1962 (1.9%) 1970 (1.0%) 1966 (0.9%)
Director Age
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Annual Data (2012)
The average age of a director in 2012 was 41.4.
The percentage of directors under the age of 25 was 3.5% compared to the UK figure of 3.8%.
The percentage of directors over the age of 65 was 2.8% compared to the UK figure of 4.1%.
Director Age by Year
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Half Year Data (Jul-Dec 2012)
The average age of a director in the second half of 2012 was 41.1.
The percentage of directors under the age of 25 was 4.8% compared to the UK figure of 4.3%.
The percentage of directors over the age of 65 was 3.9% compared to the UK figure of 4.0%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
The average age of a director in the fourth quarter of 2012 was 40.1.
The percentage of directors under the age of 25 was 6.8% compared to the UK figure of 4.4%.
The percentage of directors over the age of 65 was 3.8% compared to the UK figure of 3.9%.
Director Age by Quarter
Director Gender
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Annual Data (2012)
The record year for female directors in Watford was 1860 when 35.7% of all directors were female.
The percentage of female directors in Watford in 2012 was 27.0%. The average for the UK during this time was 29.9%
Director Gender by Year
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Half Year Data (Jul-Dec 2012)
The record second half year for female directors in Watford was 1860 when 42.9% of all directors were female.
23.4% of all director appointments in Watford in the second half of 2012 were female. This compares to a UK average of 25.5% for the same period.
Director Gender by Half Year
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Quarterly Data (Q4 Oct-Dec 2012)
The record fourth quarter for female directors in Watford was in 1977 when 31.2% of all directors were female.
23.9% of all director appointments in Watford in the fourth quarter of 2012 were female. This compares to a UK average of 25.3% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Dec 2011-Dec 2012)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage CONSULTING 1.97% CONSULTING 5.15% CONSULTANCY 1.35% MANAGEMENT 4.78% MANAGEMENT 1.30% CONSULTANCY 3.31% ASSOCIATES 0.96% PROPERTY 2.40% PROPERTY 0.96% TRADING 2.03% WATFORD 0.90% DESIGN 1.86% BUSINESS 0.79% ASSOCIATES 1.82% CONSULTANTS 0.79% ENGINEERING 1.79% IT 0.73% BUSINESS 1.76% CARE 0.56% CONSULTANTS 1.75% TRADING 0.56% CONSTRUCTION 1.69% CONSTRUCTION 0.56% LONDON 1.69% TECHNOLOGY 0.56% MEDIA 1.69% MARKETING 0.56% GLOBAL 1.59% SERVICE 0.51% J 1.57% ELECTRICAL 0.45% INVESTMENTS 1.46% ENTERPRISES 0.45% IT 1.43% SYSTEMS 0.45% CARE 1.39% LONDON 0.45% PROPERTIES 1.34% INVESTMENTS 0.45% M 1.26% MEDIA 0.39% BUILDING 1.23% FINANCIAL 0.39% ENTERPRISES 1.21% BUILDING 0.39% TRAINING 1.18% GLOBAL 0.39% ELECTRICAL 1.17% PROPERTIES 0.39% SECURITY 1.17%
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 568 236,139 70229 - Management consultancy activities other than financial management 154 30,396 62020 - Information technology consultancy activities 116 23,256 82990 - Other business support service activities not elsewhere classified 90 52,427 99999 - Dormant Company 65 40,648 62090 - Other information technology service activities 55 12,291 96090 - Other service activities not elsewhere classified 54 22,058 69201 - Accounting and auditing activities 31 6,177 74909 - Other professional, scientific and technical activities not elsewhere classified 29 15,572 7487 - Other business activities 18 10,703 74990 - Non-trading company 18 13,808 43210 - Electrical installation 17 5,304 62012 - Business and domestic software development 17 7,446 41100 - Development of building projects 16 7,980 41202 - Construction of domestic buildings 16 4,882 86900 - Other human health activities 14 7,866 64999 - Financial intermediation not elsewhere classified 14 4,537 68310 - Real estate agencies 14 3,270 43999 - Other specialised construction activities not elsewhere classified 13 6,419 56302 - Public houses and bars 13 4,543
Recent Companies
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Randomly selected companies from this quarter
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