While economists talked fearfully of a triple-dip recession in 2012, Coventry was quietly racking up net company growth almost equalling that of booming 2006.
New research from Duport.co.uk reveals that net company growth in Kingston Upon Thames dipped during the first three months of the year.
The beginning of 2013 has seen some positive economic results in Folkestone, with company formation rising and a rise in net company growth.
Duport Associates announce a record number of "accountancy" and "bookkeeping" companies formed in March 2012.
Using the official Company Register, Duport found that a record 92 new companies were formed using the term "accountancy" in their company name, and a record 28 with the term "bookkeeping". Interestingly, the previous records for both terms were set in 2010 – also in March.
“March seems to be a busy month for new financial start-ups,” stated Peter Valaitis, Managing Director at Duport. “It seems the rush towards the end of the tax year encourages a lot of people to think about starting their own bookkeeping business or accountancy firm.”
“At Duport we know exactly how important it can be to have a reliable, affordable bookkeeper, which is why we set up Duport Accountants to help our clients keep their finances in order.”
The growth in start-ups for financial services could be related to the end of the tax year, but could also be due to the financial sector opening up to smaller companies after the squeezing of financial services to SMEs during the recession.