Watford, Hertfordshire
2014 Annual Business Confidence Report
Headlines
- 2014 was a record year for company registrations in Watford when compared to any year in history.
- The second half of 2014 saw a new record in company registrations in Watford when compared to any previous second half year.
- The second half of 2014 was a record second half year for company registrations in Watford when compared to any half year in history.
- Q4 2014 saw a new record in company registrations in Watford when compared to any previous Q4.
- December 2014 saw a new record in company registrations in Watford when compared to any previous December.
- November 2014 saw a new record in company registrations in Watford when compared to any previous November.
- The second half of 2014 saw a new record in company closures in Watford when compared to any previous second half year.
- December 2014 saw a new record in company closures in Watford when compared to any previous December.
- The second half of 2014 saw a new record in net growth in Watford when compared to any previous second half year.
- November 2014 saw a new record in net growth in Watford when compared to any previous November.
Contents
New Company Registrations
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Annual Data (2014)
2014 was a record year for company registrations in Watford when compared to any year in history.
A total of 2,063 companies were formed in Watford in 2014. This total is 43.5% higher than in 2013 and compares favourably to the UK figure of a 10.0% growth compared to 529,363 the previous year.
Year Watford UK 2014 2,063 582,051 2013 1,438 529,363 2012 1,164 491,893 2011 1,118 452,870 2010 1,012 400,358 Record Year 2014 (2,063) 2014 (582,051) New Companies by Year
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Half Year Data (Jul-Dec 2014)
The second half of 2014 saw a new record in company registrations in Watford when compared to any previous second half year.
The second half of 2014 was a record second half year for company registrations in Watford when compared to any half year in history.
In the second half of 2014 a total of 1,136 companies were formed in Watford. This figure is 46.0% higher than last year, which compares well to the UK wide figure of 8.2%.
The highest total for a second half year in Watford occurred in 2014 when a total of 1,136 were formed.
Half Year (Jul-Dec) Watford UK 2014 1,136 281,320 2013 778 259,931 % change 46.0% 8.2% Record Year 2014 (1,136) 2014 (281,320) New Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
Q4 2014 saw a new record in company registrations in Watford when compared to any previous Q4.
A total of 532 companies were registered in Watford during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is an increase of 50.7% versus the same period last year (Q4 2013). This figure compares well to the UK as a whole, which saw an increase of 8.4% against the same period last year.
fourth quarter (Oct 2014 - Dec 2014) Watford UK 2014 532 137,906 2013 353 127,247 % change 50.7% 8.4% Record Year 2014 (532) 2014 (137,906) New Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
December 2014 saw a new record in company registrations in Watford when compared to any previous December.
November 2014 saw a new record in company registrations in Watford when compared to any previous November.
New Companies by Month
October November December New companies in 2014 188 186 158 New companies in 2013 136 138 79 % change 38.2% 34.8% 100.0% Record Year 2007 (231) 2014 (186) 2014 (158)
Closed Companies (dissolved)
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Annual Data (2014)
A total of 1,119 companies were dissolved in Watford in 2014. This total is 17.2% higher than in 2013 and compares favourably to the UK figure of 10.8% growth compared to the previous year.
Year Watford UK 2014 1,119 367,937 2013 955 332,213 2012 775 293,729 2011 739 314,524 2010 883 342,233 Record Year 2009 (1,920) 2009 (533,789) Dissolved Companies by Year
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Half Year Data (Jul-Dec 2014)
The second half of 2014 saw a new record in company closures in Watford when compared to any previous second half year.
In the second half of 2014 a total of 583 companies were dissolved in Watford. This figure is 19.2% higher than last year, which compares badly to the UK wide change of 7.7%.
The highest total for a second half year in Watford occurred in 2014 when a total of 583 were closed.
Half Year (Jul-Dec) Watford UK 2014 583 190,730 2013 489 177,021 % change 19.2% 7.7% Record Year 2014 (583) 2009 (244,544) Dissolved Companies by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
A total of 275 companies were dissolved in Watford during the fourth quarter of 2014 (Oct 2014 - Dec 2014).
This figure is an increase of 12.2% versus the same period last year (Q4 2013). This figure compares poorly to the UK as a whole, which saw a decrease of 2.0% against the same period last year.
fourth quarter (Oct 2014 - Dec 2014) Watford UK 2014 275 89,060 2013 245 90,851 % change 12.2% -2.0% Record Year 2014 (275) 2013 (90,851) Dissolved Companies by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
December 2014 saw a new record in company closures in Watford when compared to any previous December.
Dissolved Companies by Month
October November December Closed companies in 2014 76 94 105 Closed companies in 2013 74 77 94 % change 2.7% 22.1% 12% Record Year 2012 (93) 2008 (125) 2014 (105)
Net Company Growth
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Annual Data (2014)
A total of 944 companies were added to the company register for Watford in 2014. This number represents growth of 45.8% in the total number of active companies, which compares favourably to the UK figure of 36.8%.
This number is 461 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 2014 944 214,114 2013 483 197,150 2012 389 198,164 2011 379 138,346 2010 129 58,125 Record Year 2007 (1,020) 2007 (237,353) Net Growth by Year
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Half Year Data (Jul-Dec 2014)
The second half of 2014 saw a new record in net growth in Watford when compared to any previous second half year.
In the second half of 2014 the company register for Watford increased by 553 companies.
Half Year (Jul-Dec) Watford UK 2014 553 90,590 2013 289 82,910 Record Year 2014 (553) 2003 (117,772) Net Growth by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
Net company growth for Watford during the fourth quarter of 2014 (Oct 2014 - Dec 2014) was 257 companies.
fourth quarter (Oct 2014 - Dec 2014) Watford UK 2014 257 48,846 2013 108 36,396 Record Year 2014 (257) 2012 (49,848) Net Growth by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
November 2014 saw a new record in net growth in Watford when compared to any previous November.
Net Growth by Month
October November December Net growth in 2014 112 92 53 Net growth in 2013 62 61 -15 Record Year 2007 (168) 2014 (92) 2006 (88)
UK Company Share
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Annual Data (2014)
In 2014 Watford formed 0.4% of all UK companies. This is an improvement on 2013 when Watford was responsible for 0.3% of all UK companies.
Year Watford 2014 0.4% 2013 0.3% 2012 0.2% 2011 0.2% 2010 0.3% Record Year (since 1960) 2014 (0.4%) Company Share by Year
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Half Year Data (Jul-Dec 2014)
In the second half of 2014 Watford formed 0.4% of all UK companies. This is more than the 2013 figure of 0.3%.
Half Year (Jul-Dec) Watford 2014 0.4% 2013 0.3% 2012 0.2% 2011 0.2% 2010 0.2% Record Year (since 1960) 2014 (0.4%) Company Share by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
In the fourth quarter of 2014, Watford formed 0.4% of all UK companies.
fourth quarter (Oct 2014 - Dec 2014) Watford 2014 0.4% 2013 0.3% 2012 0.2% 2011 0.2% 2010 0.3% Record Year (since 1960) 2007 (0.4%) Company Share by Quarter
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Monthly Data (Oct, Nov & Dec 2014)
Company Share by Month
October November December UK formation share in 2014 0.4% 0.4% 0.4% UK formation share in 2013 0.3% 0.3% 0.2% % change 31.5% 28.0% 71.2% Record Year 2007 (0.7%) 2014 (0.4%) 1990 (0.6%)
Director Age
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Annual Data (2014)
The average age of a director in 2014 was 42.2.
The percentage of directors under the age of 25 was 2.7% compared to the UK figure of 4.0%.
The percentage of directors over the age of 65 was 3.6% compared to the UK figure of 4.0%.
Director Age by Year
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Half Year Data (Jul-Dec 2014)
The average age of a director in the second half of 2014 was 41.7.
The percentage of directors under the age of 25 was 2.3% compared to the UK figure of 3.7%.
The percentage of directors over the age of 65 was 4.0% compared to the UK figure of 4.5%.
Director Age by Half Year
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Quarterly Data (Q4 Oct-Dec 2014)
The average age of a director in the fourth quarter of 2014 was 42.8.
The percentage of directors under the age of 25 was 2.8% compared to the UK figure of 3.8%.
The percentage of directors over the age of 65 was 4.8% compared to the UK figure of 4.5%.
Director Age by Quarter
Director Gender
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Annual Data (2014)
The record year for female directors in Watford was 1970 when 100.0% of all directors were female.
The percentage of female directors in Watford in 2014 was 22.1%. The average for the UK during this time was 26.1%
Director Gender by Year
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Half Year Data (Jul-Dec 2014)
The record second half year for female directors in Watford was 2010 when 28.4% of all directors were female.
21.7% of all director appointments in Watford in the second 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 (Q4 Oct-Dec 2014)
The record fourth quarter for female directors in Watford was in 2012 when 31.2% of all directors were female.
25.9% of all director appointments in Watford in the fourth quarter of 2014 were female. This compares to a UK average of 25.8% for the same period.
Director Gender by Quarter
Naming Trends
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Previous 12 months (Dec 2013-Dec 2014)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage CONSULTING 3.02% CONSULTING 5.22% MARKETING 2.29% MANAGEMENT 4.58% HEALTH 2.25% CONSULTANCY 3.57% CONSULTANCY 1.66% PROPERTY 2.66% LONDON 0.97% CONSTRUCTION 2.12% PROPERTY 0.90% ENGINEERING 2.10% MANAGEMENT 0.87% CARE 2.02% IT 0.83% TRADING 1.94% WATFORD 0.80% LONDON 1.93% ELITE 0.76% TRANSPORT 1.93% CONSULTANTS 0.73% DESIGN 1.66% CARE 0.66% CONSULTANTS 1.64% DIRECT 0.66% ELECTRICAL 1.62% ELECTRICAL 0.62% PROPERTIES 1.62% BUSINESS 0.62% BUSINESS 1.56% PRODUCTS 0.62% J 1.54% CONSTRUCTION 0.62% CO., 1.50% J 0.59% GLOBAL 1.49% M 0.55% INVESTMENTS 1.48% ONLINE 0.55% ASSOCIATES 1.47% FINANCIAL 0.52% DEVELOPMENTS 1.35% NUTRA 0.52% MEDIA 1.33% GLOBAL 0.52% IT 1.31% DESIGN 0.52% BUILDING 1.29% TRADING 0.49% M 1.22%
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 662 265,608 70229 - Management consultancy activities other than financial management 165 42,290 62020 - Information technology consultancy activities 140 30,178 82990 - Other business support service activities not elsewhere classified 85 58,068 99999 - Dormant Company 85 48,509 96090 - Other service activities not elsewhere classified 81 29,009 47990 - Other retail sale not in stores, stalls or markets 44 6,452 86900 - Other human health activities 43 12,976 62090 - Other information technology service activities 42 12,837 74990 - Non-trading company 39 13,984 41202 - Construction of domestic buildings 35 7,559 68209 - Other letting and operating of own or leased real estate 34 11,212 41100 - Development of building projects 30 11,397 62012 - Business and domestic software development 29 9,752 69201 - Accounting and auditing activities 29 7,528 74909 - Other professional, scientific and technical activities not elsewhere classified 29 19,049 43390 - Other building completion and finishing 25 5,931 70221 - Financial management 24 3,608 86101 - Hospital activities 23 4,366 56290 - Other food services 22 4,616
Recent Companies
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Randomly selected companies from this quarter
COMPANY NUMBER COMPANY NAME INCORPORATION DATE OC395631 VISION TELECOMS (LONDON) LLP 02 Oct 2014 OC395683 HAKIMI UK LLP 03 Oct 2014 09244249 ANRE CONSULTING LIMITED 01 Oct 2014 09245140 CHARLES SPENCER LTD 02 Oct 2014 09246347 SML TELECOMS LIMITED 02 Oct 2014 09250345 PINKS MAKE UP LTD 06 Oct 2014 09255388 EBITA SOLUTIONS LIMITED 08 Oct 2014 09256461 BIZZREQ LIMITED 09 Oct 2014 09259253 LISIEUX PARTNERS LIMITED 10 Oct 2014 09269979 TREVCOUR IT LTD 17 Oct 2014 09270193 WEST HATCH ELECTRICAL LIMITED 20 Oct 2014 09270501 BL (LEICESTER) LIMITED 20 Oct 2014 09270714 BL (GRIMSBY) LIMITED 20 Oct 2014 09271063 THE RAW SOAP COMPANY LTD 20 Oct 2014 09274431 FOCUS FINANCE RECRUITMENT LIMITED 22 Oct 2014 09277854 MAK10 RIGGING LIMITED 23 Oct 2014 09279114 MCQUARRIE IT PROJECT MANAGEMENT LTD 24 Oct 2014 09280135 VSAM CAPITAL LIMITED 24 Oct 2014 09281587 ZAGREOS ASSOCIATES LTD 27 Oct 2014 09282683 ROSS KITCHEN LIMITED 27 Oct 2014 09286554 PATEL CONSULTING (TECH) LIMITED 29 Oct 2014 09286597 BUTA HOSPITALITY & LEISURE LIMITED 29 Oct 2014 09289795 MG SOLUTIONS LTD 31 Oct 2014 09266066 CEDARWAY PHARMA LIMITED 15 Oct 2014 09268174 MASOOD GEM & JEWELLERY LIMITED 16 Oct 2014
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