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more new companies in regenerated Watford

October 2012

Companies House data released in the latest Duport Business Confidence Report for Watford shows a rise in company formations during the first six months of the year, suggesting a re-invigorated economy in the area.

The rise in company formations could be due to the town centre redevelopment that has been taking place in recent years. One component of the redevelopment is now close to completion - the 'Met Quarter' located at the junction of High St and King St, opposite the southern entrance to The Harlequin shopping centre.

The Met Quarter will provide Watford with a choice of seven new restaurants, a coffee shop and 24 contemporary one and two bed apartments.

Further exciting news for the area came earlier this year with the announcement that a new Tom Cruise film will be shot in Leavesden Studios. The film, "All You Need is Kill", will create 500 jobs and boost further investment in the area.

Managing Director of Duport.co.uk, Peter Valaitis said:

"The regeneration of Watford town centre seems to be drawing new businesses into the area, which can only serve to strengthen the local economy."

"As new businesses grow and develop, so the town centre offering should broaden and diversify."

Duport Business Confidence Reports are published quarterly for every area of the UK. The report for Watford gives an insight into the economy of the town, providing data on everything from net company growth to company naming trends.

Duport Business Confidence Reports are generated and released by Duport Associates Ltd. The data contained in these reports is assimilated and analysed by Duport using public record data from sources including Companies House, Office for National Statistics and Ordnance Survey. Duport Associates Ltd is a leading UK company formation agent, established in 1997 and registering around 10,000 new companies each year through its Companies House approved software.

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