Watford, Hertfordshire
2014 Half Year Business Confidence Report
Headlines
- Q2 2014 saw a new record in company registrations in Watford when compared to any previous Q2.
- June 2014 saw a new record in company registrations in Watford when compared to any previous June.
- May 2014 saw a new record in company registrations in Watford when compared to any previous May.
- April 2014 saw a new record in company registrations in Watford when compared to any previous April.
- April 2014 saw a new record in net growth in Watford when compared to any previous April.
Contents
New Company Registrations
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Half Year Data (Jan-Jun 2014)
In the first half of 2014 a total of 927 companies were formed in Watford. This figure is 40.5% higher than last year, which compares well to the UK wide figure of 11.6%.
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) Watford UK 2014 927 300,731 2013 660 269,432 % change 40.5% 11.6% Record Year 2007 (1,021) 2014 (300,731) New Companies by Half Year
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Quarterly Data (Q2 Apr-Jun 2014)
Q2 2014 saw a new record in company registrations in Watford when compared to any previous Q2.
A total of 490 companies were registered in Watford during the second quarter of 2014 (Apr 2014 - Jun 2014).
This figure is an increase of 47.6% versus the same period last year (Q2 2013). This figure compares well to the UK as a whole, which saw an increase of 11.4% against the same period last year.
second quarter (Apr 2014 - Jun 2014) Watford UK 2014 490 150,009 2013 332 134,630 % change 47.6% 11.4% Record Year 2014 (490) 2014 (150,009) New Companies by Quarter
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Monthly Data (Apr, May & Jun 2014)
June 2014 saw a new record in company registrations in Watford when compared to any previous June.
May 2014 saw a new record in company registrations in Watford when compared to any previous May.
April 2014 saw a new record in company registrations in Watford when compared to any previous April.
New Companies by Month
April May June New companies in 2014 178 175 137 New companies in 2013 113 120 99 % change 57.5% 45.8% 38.4% Record Year 2014 (178) 2014 (175) 2014 (137)
Closed Companies (dissolved)
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Half Year Data (Jan-Jun 2014)
In the first half of 2014 a total of 536 companies were dissolved in Watford. This figure is 15.0% higher than last year, which compares badly to the UK wide change of 14.2%.
The highest total for a first half year in Watford occurred in 2009 when a total of 1,354 were closed.
Half Year (Jan-Jun) Watford UK 2014 536 177,207 2013 466 155,192 % change 15.0% 14.2% Record Year 2009 (1,354) 2009 (289,245) Dissolved Companies by Half Year
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Quarterly Data (Q2 Apr-Jun 2014)
A total of 272 companies were dissolved in Watford during the second quarter of 2014 (Apr 2014 - Jun 2014).
This figure is an increase of 26.5% versus the same period last year (Q2 2013). This figure compares poorly to the UK as a whole, which saw an increase of 22.7% against the same period last year.
second quarter (Apr 2014 - Jun 2014) Watford UK 2014 272 94,837 2013 215 77,278 % change 26.5% 22.7% Record Year 2009 (729) 2009 (181,179) Dissolved Companies by Quarter
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Monthly Data (Apr, May & Jun 2014)
Dissolved Companies by Month
April May June Closed companies in 2014 58 118 96 Closed companies in 2013 69 63 83 % change -15.9% 87.3% 16% Record Year 2009 (226) 2009 (396) 2009 (107)
Net Company Growth
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Half Year Data (Jan-Jun 2014)
In the first half of 2014 the company register for Watford increased by 391 companies.
Half Year (Jan-Jun) Watford UK 2014 391 123,524 2013 194 114,240 Record Year 2007 (745) 2007 (171,296) Net Growth by Half Year
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Quarterly Data (Q2 Apr-Jun 2014)
Net company growth for Watford during the second quarter of 2014 (Apr 2014 - Jun 2014) was 218 companies.
second quarter (Apr 2014 - Jun 2014) Watford UK 2014 218 55,172 2013 117 57,352 Record Year 2014 (218) 2007 (60,014) Net Growth by Quarter
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Monthly Data (Apr, May & Jun 2014)
April 2014 saw a new record in net growth in Watford when compared to any previous April.
Net Growth by Month
April May June Net growth in 2014 120 57 41 Net growth in 2013 44 57 16 Record Year 2014 (120) 2013 (57) 2006 (55)
UK Company Share
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Half Year Data (Jan-Jun 2014)
In the first half of 2014 Watford formed 0.3% of all UK companies. This is more than the 2013 figure of 0.2%.
Half Year (Jan-Jun) Watford 2014 0.3% 2013 0.2% 2012 0.2% 2011 0.3% 2010 0.3% Record Year (since 1960) 2007 (0.4%) Company Share by Half Year
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Quarterly Data (Q2 Apr-Jun 2014)
In the second quarter of 2014, Watford formed 0.3% of all UK companies.
second quarter (Apr 2014 - Jun 2014) Watford 2014 0.3% 2013 0.2% 2012 0.3% 2011 0.3% 2010 0.2% Record Year (since 1960) 1961 (0.4%) Company Share by Quarter
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Monthly Data (Apr, May & Jun 2014)
Company Share by Month
April May June UK formation share in 2014 0.3% 0.4% 0.3% UK formation share in 2013 0.2% 0.3% 0.2% % change 42.1% 34.6% 19.9% Record Year 1990 (0.5%) 1992 (0.4%) 1961 (1.1%)
Director Age
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Half Year Data (Jan-Jun 2014)
The average age of a director in the first half of 2014 was 42.8.
The percentage of directors under the age of 25 was 3.1% compared to the UK figure of 4.3%.
The percentage of directors over the age of 65 was 3.1% compared to the UK figure of 3.5%.
Director Age by Half Year
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Quarterly Data (Q2 Apr-Jun 2014)
The average age of a director in the second quarter of 2014 was 42.2.
The percentage of directors under the age of 25 was 2.7% compared to the UK figure of 3.9%.
The percentage of directors over the age of 65 was 3.3% compared to the UK figure of 3.6%.
Director Age by Quarter
Director Gender
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Half Year Data (Jan-Jun 2014)
The record first half year for female directors in Watford was 2011 when 27.0% of all directors were female.
22.6% of all director appointments in Watford in the first half of 2014 were female. This compares to a UK average of 26.1% for the same period.
Director Gender by Half Year
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Quarterly Data (Q2 Apr-Jun 2014)
The record second quarter for female directors in Watford was in 2008 when 30.7% of all directors were female.
20.2% of all director appointments in Watford in the second quarter of 2014 were female. This compares to a UK average of 25.9% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Jun 2013-Jun 2014)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage CONSULTING 3.13% CONSULTING 5.16% MANAGEMENT 1.42% MANAGEMENT 4.64% CONSULTANCY 1.42% CONSULTANCY 3.50% WATFORD 1.04% PROPERTY 2.66% PROPERTY 1.00% TRADING 2.03% LONDON 0.92% ENGINEERING 1.99% NUTRA 0.79% CONSTRUCTION 1.93% CARE 0.79% LONDON 1.93% HEALTH 0.79% CARE 1.85% DESIGN 0.67% DESIGN 1.75% IT 0.67% CONSULTANTS 1.73% ELECTRICAL 0.67% BUSINESS 1.69% BUSINESS 0.67% PROPERTIES 1.63% FINANCIAL 0.63% TRANSPORT 1.58% MEDIA 0.63% GLOBAL 1.55% SECURITY 0.63% INVESTMENTS 1.55% CONSTRUCTION 0.58% J 1.51% J 0.58% ASSOCIATES 1.48% ASSOCIATES 0.58% MEDIA 1.44% CONSULTANTS 0.58% ELECTRICAL 1.40% PROJECTS 0.54% IT 1.33% ELITE 0.54% DEVELOPMENTS 1.33% BUILDING 0.54% BUILDING 1.26% GLOBAL 0.50% M 1.24% M 0.50% CO., 1.20%
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 618 261,557 70229 - Management consultancy activities other than financial management 152 40,250 62020 - Information technology consultancy activities 126 29,029 99999 - Dormant Company 92 48,436 82990 - Other business support service activities not elsewhere classified 86 57,421 96090 - Other service activities not elsewhere classified 67 28,352 62090 - Other information technology service activities 40 13,024 62012 - Business and domestic software development 32 9,834 41100 - Development of building projects 32 10,527 74909 - Other professional, scientific and technical activities not elsewhere classified 29 19,058 68209 - Other letting and operating of own or leased real estate 29 10,133 47990 - Other retail sale not in stores, stalls or markets 28 6,286 74990 - Non-trading company 27 14,351 41202 - Construction of domestic buildings 27 7,053 86900 - Other human health activities 26 11,292 69201 - Accounting and auditing activities 24 7,415 43390 - Other building completion and finishing 23 5,855 56290 - Other food services 23 4,324 43999 - Other specialised construction activities not elsewhere classified 19 8,533 86101 - Hospital activities 18 3,357
Recent Companies
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Randomly selected companies from this quarter
COMPANY NUMBER COMPANY NAME INCORPORATION DATE 09022397 ALLEN TALBOT GROUP LIMITED 02 May 2014 09026121 AKVIG LTD 06 May 2014 09041336 COUCH AVCO LIMITED 15 May 2014 09044401 ABIEL CONSULTANCY LIMITED 16 May 2014 09045786 LMH IT LTD 19 May 2014 09048832 LAYTHORNE CONSULTING LIMITED 20 May 2014 09050046 GINGER BISCUIT LTD. 21 May 2014 09053093 ISGS INVESTIGATIONS LTD 22 May 2014 09054107 SELWEL LIMITED 23 May 2014 09058309 CERBERUS CONSULTANCY LTD 27 May 2014 09059212 JASIMPLE LIMITED 28 May 2014 09060325 BERRYLANDS ASSOCIATES LIMITED 28 May 2014 09060587 M J SOUTHGATE LIMITED 28 May 2014 09063051 ARTISANS IN GLASS LIMITED 30 May 2014 09064490 ACUMEN IT SOLUTIONS LTD 30 May 2014 09024736 CLAYTON RD (2014) LTD 06 May 2014 09026697 SMART PENSION LIMITED 07 May 2014 09030962 P H (SLOUGH) LTD 08 May 2014 09040526 MOPSY CAKES AND EVENTS LIMITED 14 May 2014 09045403 AA TRADE COMPANY LTD 19 May 2014 09056573 VJ WATFORD LIMITED 27 May 2014 09059498 NAZIHAR SOURCING LIMITED 28 May 2014 09063585 NEW BEGINNINGS SOUTH LTD 30 May 2014 09063628 OMAA LIMITED 30 May 2014 09025096 BHUR LIMITED 06 May 2014
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