Number of businesses on the rise in boost for Watford

The Office for National Statistics published its business demography report for 2023 yesterday (November 19), which showed that 655 new Watford businesses opened in the year while 590 closed.

This marked a reversal from the previous batch of data, which found more openings but an overall decline with 720 openings outpaced by 755 closures.

Watford mayor Peter Taylor described the town as “a resilient and dynamic hub for commerce”, adding that the council’s own data shows the total number of businesses has stayed consistent at around 6,000 in recent years.

Gail's opened in Watford High Street recently. (Image: Matthew Evans) “This stability is a testament to the appeal of the town as a place for businesses to grow, providing opportunities for new and existing local businesses, whilst also increasing the number of headquarters in Watford,” he said, adding that he was committed to making Watford an even more attractive destination for businesses.

While the latest figures are for last year, the town has continued to welcome more prominent companies throughout 2024 as well.

• Raisa Wajs Floristry opened in Watford Market by 17-year-old
• Heel Harmony rises from the ashes of Shuropody Watford
• Funky Elephant Caribbean opens in Watford Business Park

Watford Town Centre BID manager Kara Mesiano highlighted Hobbs London, Wing Stop, Gail’s Bakery, and Black Sheep Coffee, which have recently joined the high street, as well as upcoming launches of Oliver Bonas and Flip Out.

Besides the big names, smaller businesses from local people have also thrived. Heel Harmony owner from Nirasha Fernando said: “Watford is a great place to do my type of business, which is healthcare.”

Heel Harmony celebrate their opening last month (Nirasha Fernando: middle) (Image: Heel Harmony) Having opened her podiatrist last month, she says that the large population for a town means business that find a gap in the market can succeed.

Raisa Wajs Floristry is another recent addition to the town, having opened in the market this year. Owner Raisa Wajs said: “The best thing about opening a business in Watford is that its like a big community and everyone is always willing to help you out.”

Left to right: Deputy mayor Aga Dychton, Watford mayor Peter Taylor, Raisa Wajs, Anna Wajs. (Image: Raisa Wajs Floristry) Mrs Mesiano added: “Watford High Street vacancy rates remain consistently below the national average and whilst we’ve seen a small increase over the last two quarters, it’s a result of businesses relocating from the high street to inside atria shopping centre.

“In all cases the businesses are now occupying larger retail spaces, demonstrating the continued vibrancy of our local economy.”

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