Overview
The economic landscape of Hertsmere showcases a diverse range of business activities, with prominent sectors like real estate, professional services, and construction. The data indicates a healthy mix of established companies and new entrants, suggesting a dynamic and evolving business environment. The region demonstrates a moderate growth in employment, a notable number of scaleups, and a balanced gender representation among company founders and directors.
Employment and Business Growth
- Total Employees: Hertsmere has a total of 138,543 employees. The number of employees has risen recently, with 245 companies reporting an increase in their workforce.
- Percentage Employee Growth: The employee growth rate is 8.05%, reflecting a positive trend in job creation.
- Top Sectors for Employment Growth: The leading sectors for employment growth are ‘Internet platform’, ‘Software-as-a-service (SaaS)’, and ‘Analytics, insight, tools’, indicating a strong presence of the tech industry in Hertsmere.
Sector Dynamics
- Top Sectors by Number of Companies: The major sectors are real estate (2629 companies), professional services (2573), and construction (1981), which dominate the local economy.
- Emerging Sectors: Emerging sectors with notable growth include tech-oriented fields like internet platforms and SaaS, highlighting a shift towards a digital economy.
Company Trends
- Number of Companies: There are 18,147 companies in Hertsmere, showing a vibrant business ecosystem.
- New Companies in Last 2 Years: A total of 3,594 new companies were established in the last two years, demonstrating significant entrepreneurial activity.
- Scale-ups: Hertsmere hosts 77 scale-up companies, indicating a supportive environment for business growth.
Business Continuity
- Company Cessations: The region has seen 1,766 companies cease operations, which is a vital metric for assessing business sustainability in the area.
Gender Representation in Leadership
- Founders’ Gender: 17.14% of founders are female, 82.14% are male, and 0.71% are of unknown gender.
- Directors’ Gender: Female directors constitute 24.74% of the total, while male directors make up 69.39%, and 5.88% are of unknown gender.
Conclusion
Hertsmere presents a robust and diverse economic environment, with significant growth in tech-oriented sectors and a substantial number of new businesses. The region shows healthy employment growth and a supportive ecosystem for scale-ups. However, the gender disparity in leadership roles and company cessations are areas that could benefit from targeted strategies to ensure balanced growth and business sustainability.