companies house made easy

record shattering April for new business in Newcastle

Newcastle upon Tyne experiences its best ever April for company formations according to the Register of Companies from Companies House.

record first quarter for Leamington Spa start ups

Leamington Spa has set a new record for first quarter business start ups with 164 new companies formed in Leamington in the first quarter of 2012.

Bath record company numbers "quite amazing" says MP Don Foster

In response to Duport's announcement of record numbers of new company formations in Bath, local MP, Don Foster praises the city's burgeoning reputation for business and creativity".

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Companies House records show a huge increase in scrappage companies in 2011, but the rising price of metals is not just a boost for legitimate businesses as metal theft becomes more and more common.

2011 saw the highest number of company names including the word "scrap metal" registered at Companies House, according to data collated by formation agents duport.co.uk. This marks a 25% increase from 2010 and a rise of 1000% since 2005, when metal prices began to rise.

Peter Valaitis, Managing Director of Duport stated: "Following a sustained increase in the value of common metals we expected to see continued interest in the scrap metal market, but these numbers are astonishing.”

But whilst the rise of metal prices has created a boom in the scrap metal industry, it has also seen a huge increase in metal theft.

In the past few years, water companies, trains and even phone networks have increasingly fallen victim to metal theft, causing massive disruption to utilities and transport for people across the UK.

In an attempt to crack down on illegal metal trading, the government plans to ban cash transactions for scrap metal. With the new proposals under consideration, it is not clear whether the rising number of scrappage company formations will continue into 2012, or whether it will discourage start-ups in the scrap metal industry.