Watford, Hertfordshire

Q1 2015 Business Confidence Report

Headlines

  • February 2015 saw a new record in company registrations in Watford when compared to any previous February.
  • January 2015 saw a new record in company registrations in Watford when compared to any previous January.
  • February 2015 saw a new record in company closures in Watford when compared to any previous February.
  • February 2015 saw a new record in net growth in Watford when compared to any previous February.
  • January 2015 saw a new record in net growth in Watford when compared to any previous January.

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 (Q1 Jan-Mar 2015)

    A total of 673 companies were registered in Watford during the first quarter of 2015 (Jan 2015 - Mar 2015).

    This figure is an increase of 54.0% versus the same period last year (Q1 2014). This figure compares well to the UK as a whole, which saw an increase of 6.9% against the same period last year.

    first quarter (Jan 2015 - Mar 2015)WatfordUK
    2015673161,156
    2014437150,722
    % change54.0%6.9%
    Record Year 2007 (706) 2007 (166,814)
    New Companies by Quarter
  2. Monthly Data (Jan, Feb & Mar 2015)

    February 2015 saw a new record in company registrations in Watford when compared to any previous February.

    January 2015 saw a new record in company registrations in Watford when compared to any previous January.

    New Companies by Month
    JanuaryFebruaryMarch
    New companies in 2015177217279
    New companies in 2014143137157
    % change23.8%58.4%77.7%
    Record Year2015 (177)2015 (217)2007 (478)

Closed Companies (dissolved)

  1. Quarterly Data (Q1 Jan-Mar 2015)

    A total of 321 companies were dissolved in Watford during the first quarter of 2015 (Jan 2015 - Mar 2015).

    This figure is an increase of 21.6% versus the same period last year (Q1 2014). This figure compares poorly to the UK as a whole, which saw an increase of 8.7% against the same period last year.

    first quarter (Jan 2015 - Mar 2015)WatfordUK
    201532189,523
    201426482,370
    % change21.6%8.7%
    Record Year 2009 (625) 2009 (108,066)
    Dissolved Companies by Quarter
  2. Monthly Data (Jan, Feb & Mar 2015)

    February 2015 saw a new record in company closures in Watford when compared to any previous February.

    Dissolved Companies by Month
    JanuaryFebruaryMarch
    Closed companies in 201574110137
    Closed companies in 20149110370
    % change-18.7%6.8%96%
    Record Year2009 (160)2015 (110)2009 (376)

Net Company Growth

  1. Quarterly Data (Q1 Jan-Mar 2015)

    Net company growth for Watford during the first quarter of 2015 (Jan 2015 - Mar 2015) was 352 companies.

    first quarter (Jan 2015 - Mar 2015)WatfordUK
    201535271,633
    201417368,352
    Record Year 2007 (564) 2007 (111,282)
    Net Growth by Quarter
  2. Monthly Data (Jan, Feb & Mar 2015)

    February 2015 saw a new record in net growth in Watford when compared to any previous February.

    January 2015 saw a new record in net growth in Watford when compared to any previous January.

    Net Growth by Month
    JanuaryFebruaryMarch
    Net growth in 2015103107142
    Net growth in 2014523487
    Record Year2015 (103)2015 (107)2007 (437)

UK Company Share

  1. Quarterly Data (Q1 Jan-Mar 2015)

    In the first quarter of 2015, Watford formed 0.4% of all UK companies.

    first quarter (Jan 2015 - Mar 2015)Watford
    20150.4%
    20140.3%
    20130.2%
    20120.2%
    20110.2%
    Record Year (since 1960) 2007 (0.4%)
    Company Share by Quarter
  2. Monthly Data (Jan, Feb & Mar 2015)

    Company Share by Month
    JanuaryFebruaryMarch
    UK formation share in 20150.4%0.4%0.5%
    UK formation share in 20140.3%0.3%0.3%
    % change21.4%45.9%62.0%
    Record Year1993 (0.4%)1991 (0.4%)2007 (0.7%)

Director Age

  1. Quarterly Data (Q1 Jan-Mar 2015)

    The average age of a director in the first quarter of 2015 was 42.6.

    The percentage of directors under the age of 25 was 4.1% compared to the UK figure of 4.1%.

    The percentage of directors over the age of 65 was 3.7% compared to the UK figure of 3.6%.

    Director Age by Quarter

Director Gender

  1. Quarterly Data (Q1 Jan-Mar 2015)

    The record first quarter for female directors in Watford was in 2011 when 27.5% of all directors were female.

    24.2% of all director appointments in Watford in the first quarter of 2015 were female. This compares to a UK average of 26.4% for the same period.

    Director Gender by Quarter

Naming Trends

  1. Previous 12 months (Mar 2014-Mar 2015)

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

    wordpercentageuk worduk percentage
    CONSULTING2.83%CONSULTING5.23%
    HEALTH2.76%MANAGEMENT4.56%
    MARKETING2.15%CONSULTANCY3.62%
    CONSULTANCY1.70%PROPERTY2.72%
    PROPERTY1.12%CONSTRUCTION2.19%
    MANAGEMENT1.03%CARE2.13%
    LONDON0.90%ENGINEERING2.12%
    WATFORD0.84%LONDON1.91%
    IT0.80%TRADING1.88%
    CARE0.71%TRANSPORT1.82%
    ELITE0.71%ELECTRICAL1.76%
    ONLINE0.67%DESIGN1.65%
    PRODUCTS0.67%PROPERTIES1.63%
    CONSTRUCTION0.64%CO.,1.58%
    BUILDING0.61%J1.55%
    DIRECT0.61%CONSULTANTS1.54%
    CONSULTANTS0.61%BUSINESS1.49%
    BUSINESS0.55%INVESTMENTS1.49%
    NUTRA0.55%GLOBAL1.46%
    M0.55%ASSOCIATES1.44%
    J0.55%DEVELOPMENTS1.36%
    GLOBAL0.51%BUILDING1.31%
    ASSOCIATES0.51%IT1.30%
    MEDIA0.48%MEDIA1.28%
    S0.45%M1.27%

SIC Data

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

    sic codenumber of companiesuk companies
    None Supplied741288,953
    70229 - Management consultancy activities other than financial management17943,081
    62020 - Information technology consultancy activities15630,825
    99999 - Dormant Company8649,474
    82990 - Other business support service activities not elsewhere classified8658,522
    96090 - Other service activities not elsewhere classified7329,218
    86900 - Other human health activities5213,990
    47990 - Other retail sale not in stores, stalls or markets466,557
    62090 - Other information technology service activities4212,862
    74990 - Non-trading company3613,794
    69201 - Accounting and auditing activities357,682
    68209 - Other letting and operating of own or leased real estate3411,600
    41202 - Construction of domestic buildings337,797
    74909 - Other professional, scientific and technical activities not elsewhere classified3019,098
    62012 - Business and domestic software development309,651
    41100 - Development of building projects3011,863
    86101 - Hospital activities295,043
    70221 - Financial management283,698
    43390 - Other building completion and finishing256,052
    56290 - Other food services244,729

Recent Companies

  1. Randomly selected companies from this quarter

    COMPANY NUMBERCOMPANY NAMEINCORPORATION DATE
    09420990 OBRAS PIAS LIMITED 04 Feb 2015
    09423173 MAKSONS PROPERTIES LTD 04 Feb 2015
    09432525 THEBROADWAY LIMITED 10 Feb 2015
    OC398301 BOF HOLDINGS LLP 13 Feb 2015
    09442016 DRADIS CONSULTANCY LIMITED 16 Feb 2015
    09443221 APM VISION LIMITED 17 Feb 2015
    09449916 P4TG LIMITED 20 Feb 2015
    09451377 BOGDAN ALEXANDRESCU CONSULTING LTD 20 Feb 2015
    09454653 IMAGE PROPERTY SOLUTIONS LIMITED 24 Feb 2015
    09454967 J DEVELOPMENTS LTD 24 Feb 2015
    09457793 SIR PIGSLEY LIMITED 25 Feb 2015
    09459911 MOMO SOFTWARE LIMITED 26 Feb 2015
    09419188 4FREESIMS LIMITED 03 Feb 2015
    09423913 SHYLA ISSAC LTD 05 Feb 2015
    09433705 AMADINI ISURIKA LIMITED 11 Feb 2015
    09435382 LONDON SCHOOL OF MANAGEMENT AND MARKETING LTD 12 Feb 2015
    09436957 STAFF KEY SOLUTIONS LTD 12 Feb 2015
    09437154 THE HEATH FLOORING COMPANY LIMITED 12 Feb 2015
    09443469 GEOCORA LIMITED 17 Feb 2015
    09444717 PRISM POWER GROUP LIMITED 17 Feb 2015
    09446509 BDJMMJFM LIMITED 18 Feb 2015
    09448100 DECOR PROJECTS LIMITED 19 Feb 2015
    09448952 AIMSS LTD 19 Feb 2015
    09449819 KODE PARTNERS LIMITED 20 Feb 2015
    09417578 CRS PROPERTY INVESTMENTS LIMITED 02 Feb 2015