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record shattering April for new business in Newcastle

may 2012

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 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 using the official Register of Companies from Companies House.

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