The beginning of 2013 has seen some positive economic results in Folkestone, with company formation rising and a rise in net company growth.
The latest Duport Business Confidence Report for Dudley shows there was a decline in company formation in the area last year. However, the report also shows there was a reduction in company closures during the same period, suggesting trading conditions may actually be improving in the town.
A new report from Duport.co.uk shows there was a rise in company formation in Stafford last year, suggesting the local economy is beginning to recover from a difficult period.
Newcastle upon Tyne experiences its best ever April for company formations according to the Register of Companies from Companies House.
With 191 new businesses formed in Newcastle in April 2012, the city has smashed its previous record of 162, set in April 2010 - an impressive 18% increase.
“Newcastle upon Tyne is a prime example of the North-East’s commitment to innovation and entrepreneurship,” stated Duport.co.uk Managing Director, Peter Valaitis, “it’s no wonder that the city is breaking records.”
With recent reports from North-East regional Shadow Monetary Policy Committee indicating that businesses in Newcastle are still struggling due to the double-dip recession, the record breaking number of formations in April 2012 couldn’t be more significant to the Newcastle’s economic prospects.
The new formation data was compiled and analysed by Duport.co.uk using the official Register of Companies from Companies House.