Watford, Hertfordshire

Q3 2014 Business Confidence Report

Headlines

  • Q3 2014 saw a new record in company registrations in Watford when compared to any previous Q3.
  • September 2014 saw a new record in company registrations in Watford when compared to any previous September.
  • August 2014 saw a new record in company registrations in Watford when compared to any previous August.
  • July 2014 saw a new record in company registrations in Watford when compared to any previous July.
  • July 2014 saw a new record in company closures in Watford when compared to any previous July.
  • September 2014 saw a new record in net growth in Watford when compared to any previous September.
  • August 2014 saw a new record in net growth in Watford when compared to any previous August.
  • July 2014 saw a new record in net growth in Watford when compared to any previous July.

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. Quarterly Data (Q3 Jul-Sep 2014)

    Q3 2014 saw a new record in company registrations in Watford when compared to any previous Q3.

    A total of 604 companies were registered in Watford during the third quarter of 2014 (Jul 2014 - Sep 2014).

    This figure is an increase of 42.1% versus the same period last year (Q3 2013). This figure compares well to the UK as a whole, which saw an increase of 8.1% against the same period last year.

    third quarter (Jul 2014 - Sep 2014)WatfordUK
    2014604143,414
    2013425132,684
    % change42.1%8.1%
    Record Year 2014 (604) 2014 (143,414)
    New Companies by Quarter
  2. Monthly Data (Jul, Aug & Sep 2014)

    September 2014 saw a new record in company registrations in Watford when compared to any previous September.

    August 2014 saw a new record in company registrations in Watford when compared to any previous August.

    July 2014 saw a new record in company registrations in Watford when compared to any previous July.

    New Companies by Month
    JulyAugustSeptember
    New companies in 2014197213194
    New companies in 2013120155150
    % change64.2%37.4%29.3%
    Record Year2014 (197)2014 (213)2014 (194)

Closed Companies (dissolved)

  1. Quarterly Data (Q3 Jul-Sep 2014)

    A total of 308 companies were dissolved in Watford during the third quarter of 2014 (Jul 2014 - Sep 2014).

    This figure is an increase of 26.2% versus the same period last year (Q3 2013). This figure compares poorly to the UK as a whole, which saw an increase of 18.0% against the same period last year.

    third quarter (Jul 2014 - Sep 2014)WatfordUK
    2014308101,670
    201324486,170
    % change26.2%18.0%
    Record Year 2009 (362) 2009 (159,405)
    Dissolved Companies by Quarter
  2. Monthly Data (Jul, Aug & Sep 2014)

    July 2014 saw a new record in company closures in Watford when compared to any previous July.

    Dissolved Companies by Month
    JulyAugustSeptember
    Closed companies in 201411787104
    Closed companies in 2013777988
    % change51.9%10.1%18%
    Record Year2014 (117)2008 (154)2009 (203)

Net Company Growth

  1. Quarterly Data (Q3 Jul-Sep 2014)

    Net company growth for Watford during the third quarter of 2014 (Jul 2014 - Sep 2014) was 296 companies.

    third quarter (Jul 2014 - Sep 2014)WatfordUK
    201429641,744
    201318146,514
    Record Year 2014 (296) 2013 (46,514)
    Net Growth by Quarter
  2. Monthly Data (Jul, Aug & Sep 2014)

    September 2014 saw a new record in net growth in Watford when compared to any previous September.

    August 2014 saw a new record in net growth in Watford when compared to any previous August.

    July 2014 saw a new record in net growth in Watford when compared to any previous July.

    Net Growth by Month
    JulyAugustSeptember
    Net growth in 20148012690
    Net growth in 2013437662
    Record Year2014 (80)2014 (126)2006 (90)

UK Company Share

  1. Quarterly Data (Q3 Jul-Sep 2014)

    In the third quarter of 2014, Watford formed 0.4% of all UK companies.

    third quarter (Jul 2014 - Sep 2014)Watford
    20140.4%
    20130.3%
    20120.2%
    20110.2%
    20100.2%
    Record Year (since 1960) 2014 (0.4%)
    Company Share by Quarter
  2. Monthly Data (Jul, Aug & Sep 2014)

    Company Share by Month
    JulyAugustSeptember
    UK formation share in 20140.4%0.5%0.4%
    UK formation share in 20130.3%0.4%0.3%
    % change49.1%31.0%18.6%
    Record Year1967 (0.6%)2014 (0.5%)1959 (0.9%)

Director Age

  1. Quarterly Data (Q3 Jul-Sep 2014)

    The average age of a director in the third quarter of 2014 was 40.6.

    The percentage of directors under the age of 25 was 1.8% compared to the UK figure of 3.7%.

    The percentage of directors over the age of 65 was 3.2% compared to the UK figure of 4.5%.

    Director Age by Quarter

Director Gender

  1. Quarterly Data (Q3 Jul-Sep 2014)

    The record third quarter for female directors in Watford was in 2010 when 27.9% of all directors were female.

    17.3% of all director appointments in Watford in the third quarter of 2014 were female. This compares to a UK average of 26.3% for the same period.

    Director Gender by Quarter

Naming Trends

  1. Previous 12 months (Sep 2013-Sep 2014)

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

    wordpercentageuk worduk percentage
    CONSULTING2.68%CONSULTING5.17%
    HEALTH2.20%MANAGEMENT4.63%
    MARKETING2.16%CONSULTANCY3.55%
    CONSULTANCY1.49%PROPERTY2.62%
    LONDON1.01%ENGINEERING2.07%
    PROPERTY0.97%CONSTRUCTION2.05%
    MANAGEMENT0.93%TRADING2.00%
    PRODUCTS0.89%LONDON1.95%
    WATFORD0.86%CARE1.94%
    ELITE0.82%TRANSPORT1.76%
    IT0.78%DESIGN1.70%
    CARE0.78%CONSULTANTS1.70%
    DIRECT0.74%PROPERTIES1.63%
    ELECTRICAL0.67%BUSINESS1.62%
    DESIGN0.67%J1.53%
    CONSULTANTS0.63%ELECTRICAL1.53%
    M0.60%GLOBAL1.51%
    BUSINESS0.60%INVESTMENTS1.50%
    TRADING0.56%ASSOCIATES1.48%
    FINANCIAL0.56%MEDIA1.38%
    BUILDING0.52%CO.,1.36%
    INVESTMENTS0.52%DEVELOPMENTS1.35%
    CONSTRUCTION0.52%BUILDING1.30%
    J0.52%IT1.30%
    ENGINEERING0.48%M1.23%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied682278,481
    70229 - Management consultancy activities other than financial management16440,717
    62020 - Information technology consultancy activities13329,313
    99999 - Dormant Company9248,286
    82990 - Other business support service activities not elsewhere classified8657,264
    96090 - Other service activities not elsewhere classified7428,224
    47990 - Other retail sale not in stores, stalls or markets416,327
    62090 - Other information technology service activities4112,795
    74990 - Non-trading company3714,006
    41202 - Construction of domestic buildings317,151
    86900 - Other human health activities3111,807
    41100 - Development of building projects3010,604
    68209 - Other letting and operating of own or leased real estate2910,361
    62012 - Business and domestic software development289,675
    74909 - Other professional, scientific and technical activities not elsewhere classified2618,890
    43390 - Other building completion and finishing235,786
    70221 - Financial management223,550
    69201 - Accounting and auditing activities227,401
    86101 - Hospital activities213,680
    86210 - General medical practice activities204,406

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    09109230 NENTOL LTD 01 Jul 2014
    09111600 PRINHOLD 6 LIMITED 02 Jul 2014
    09114872 S WARD ELECTRICAL ENGINEERING LIMITED 03 Jul 2014
    09122099 GOAUTODIAL LTD 08 Jul 2014
    09123527 VEOHORIZON LTD 09 Jul 2014
    09124088 MUSSO CATERING LIMITED 10 Jul 2014
    09124904 EMMA JAMES PHYSIO LIMITED 10 Jul 2014
    09127459 PDP (UK) LIMITED 11 Jul 2014
    09133504 WITTON CIVIL LIMITED 16 Jul 2014
    09141313 LE GROVE APARTMENTS LIMITED 22 Jul 2014
    09141559 BID CONSULTANCY LIMITED 22 Jul 2014
    09143973 PREETS LTD 23 Jul 2014
    09146208 DUOTHIRST LIMITED 24 Jul 2014
    09149741 LPC DEVELOPMENTS LIMITED 28 Jul 2014
    09151582 MEDINOVA PVT LIMITED 29 Jul 2014
    09154589 RWAM LTD 30 Jul 2014
    09114630 PROJECT FOOD LIMITED 03 Jul 2014
    09116226 MILANA PIZZA LIMITED 04 Jul 2014
    09116315 E&F TRADING LTD 04 Jul 2014
    09119825 AB WOOLLEY LIMITED 07 Jul 2014
    09132010 TKND CONSULTANCY LIMITED 15 Jul 2014
    09134743 M S LAND LTD 17 Jul 2014
    09137846 MEADES CONTRACTORS LIMITED 18 Jul 2014
    09141227 S L HAULAGE LTD 22 Jul 2014
    09142069 DNMC LIMITED 22 Jul 2014