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
New Company Registrations
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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) Watford UK 2015 673 161,156 2014 437 150,722 % change 54.0% 6.9% Record Year 2007 (706) 2007 (166,814) New Companies by Quarter
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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
January February March New companies in 2015 177 217 279 New companies in 2014 143 137 157 % change 23.8% 58.4% 77.7% Record Year 2015 (177) 2015 (217) 2007 (478)
Closed Companies (dissolved)
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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) Watford UK 2015 321 89,523 2014 264 82,370 % change 21.6% 8.7% Record Year 2009 (625) 2009 (108,066) Dissolved Companies by Quarter
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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
January February March Closed companies in 2015 74 110 137 Closed companies in 2014 91 103 70 % change -18.7% 6.8% 96% Record Year 2009 (160) 2015 (110) 2009 (376)
Net Company Growth
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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) Watford UK 2015 352 71,633 2014 173 68,352 Record Year 2007 (564) 2007 (111,282) Net Growth by Quarter
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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
January February March Net growth in 2015 103 107 142 Net growth in 2014 52 34 87 Record Year 2015 (103) 2015 (107) 2007 (437)
UK Company Share
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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 2015 0.4% 2014 0.3% 2013 0.2% 2012 0.2% 2011 0.2% Record Year (since 1960) 2007 (0.4%) Company Share by Quarter
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Monthly Data (Jan, Feb & Mar 2015)
Company Share by Month
January February March UK formation share in 2015 0.4% 0.4% 0.5% UK formation share in 2014 0.3% 0.3% 0.3% % change 21.4% 45.9% 62.0% Record Year 1993 (0.4%) 1991 (0.4%) 2007 (0.7%)
Director Age
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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
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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
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Previous 12 months (Mar 2014-Mar 2015)
Excluding: LIMITED, LTD, &, UK, SERVICES, THE, (UK), AND, LTD., A, LLP, SOLUTIONS, COMPANY, OF.
word percentage uk word uk percentage CONSULTING 2.83% CONSULTING 5.23% HEALTH 2.76% MANAGEMENT 4.56% MARKETING 2.15% CONSULTANCY 3.62% CONSULTANCY 1.70% PROPERTY 2.72% PROPERTY 1.12% CONSTRUCTION 2.19% MANAGEMENT 1.03% CARE 2.13% LONDON 0.90% ENGINEERING 2.12% WATFORD 0.84% LONDON 1.91% IT 0.80% TRADING 1.88% CARE 0.71% TRANSPORT 1.82% ELITE 0.71% ELECTRICAL 1.76% ONLINE 0.67% DESIGN 1.65% PRODUCTS 0.67% PROPERTIES 1.63% CONSTRUCTION 0.64% CO., 1.58% BUILDING 0.61% J 1.55% DIRECT 0.61% CONSULTANTS 1.54% CONSULTANTS 0.61% BUSINESS 1.49% BUSINESS 0.55% INVESTMENTS 1.49% NUTRA 0.55% GLOBAL 1.46% M 0.55% ASSOCIATES 1.44% J 0.55% DEVELOPMENTS 1.36% GLOBAL 0.51% BUILDING 1.31% ASSOCIATES 0.51% IT 1.30% MEDIA 0.48% MEDIA 1.28% S 0.45% M 1.27%
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 741 288,953 70229 - Management consultancy activities other than financial management 179 43,081 62020 - Information technology consultancy activities 156 30,825 99999 - Dormant Company 86 49,474 82990 - Other business support service activities not elsewhere classified 86 58,522 96090 - Other service activities not elsewhere classified 73 29,218 86900 - Other human health activities 52 13,990 47990 - Other retail sale not in stores, stalls or markets 46 6,557 62090 - Other information technology service activities 42 12,862 74990 - Non-trading company 36 13,794 69201 - Accounting and auditing activities 35 7,682 68209 - Other letting and operating of own or leased real estate 34 11,600 41202 - Construction of domestic buildings 33 7,797 74909 - Other professional, scientific and technical activities not elsewhere classified 30 19,098 62012 - Business and domestic software development 30 9,651 41100 - Development of building projects 30 11,863 86101 - Hospital activities 29 5,043 70221 - Financial management 28 3,698 43390 - Other building completion and finishing 25 6,052 56290 - Other food services 24 4,729
Recent Companies
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Randomly selected companies from this quarter
reports
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